DOGEUSD Elliott Wave Analysis TradingLounge Daily Chart

Dogecoin/ U.S. dollar (DOGEUSD) Daily Chart Analysis

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((C))

Direction Next Higher Degrees: Wave I of Impulse

Wave Cancel Invalid Level: N/A

Details: Wave ((4)) may be complete, and the price may enter an uptrend again.

Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy:

The second wave of Zigzag consolidation appears to be complete. The price increased again during the third wave, suggesting an overall bullish outlook. Look for opportunities to join the uptrend from a short-term correction within the third wave.

Dogecoin/ U.S. dollar (DOGEUSD) Technical Indicators:

• The price is below the MA200, indicating an uptrend.
• The Wave Oscillator shows bullish momentum.

DOGEUSD Elliott Wave Analysis TradingLounge H4 Chart

Dogecoin/ U.S. dollar (DOGEUSD) 4-Hour Chart Analysis

DOGEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next Higher Degrees: Wave 1 of Impulse

Wave Cancel Invalid Level: N/A

Details: Wave (II) may be complete, and the price may enter an uptrend again.

Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy:

The second wave of Zigzag consolidation appears to be complete. The price increased again during the third wave, suggesting an overall bullish outlook. Look for opportunities to join the uptrend from a short-term correction within the third wave.

Dogecoin/ U.S. dollar (DOGEUSD) Technical Indicators:

• The price is below the MA200, indicating an uptrend.
• The Wave Oscillator shows bullish momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Ripple / U.S. Dollar (XRPUSD) Elliott Wave Technical Analysis

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 170 Markets Covered. Chat Room With Support