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 II of Impulse
Wave Cancel Invalid Level:
Details: Wave (II) may be complete, indicating the price is entering an uptrend again.
Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy:
The second wave of Zigzag consolidation appears to be complete, and the price is increasing again during the third wave. The overall trend has turned bullish. 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: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction Next Higher Degrees: Wave II of Impulse
Wave Cancel Invalid Level:
Details: Wave II may be complete, indicating the price is entering an uptrend again.
Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy:
The second wave of Zigzag consolidation appears to be complete, and the price is increasing again during the third wave. The overall trend has turned bullish. 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: Polkadot / U.S. Dollar (DOTUSD) Elliott Wave Technical Analysis
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