Elliott Wave Analysis TradingLounge Daily Chart,
Dogecoin/ U.S. dollar(DOGEUSD).
DOGE/USD 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:
Details: Wave ((4) may is complete and the Price entry to uptrend again.
DogeCoin/US Dollar(DOGEUSD)Trading Strategy:
Dogecoin overall is still in the period of correction. In the position of wave (II) with a Zigzag pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.
DogeCoin/US dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge H4 Chart,
Dogecoin/ U.S. dollar(DOGEUSD).
DOGE/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Zigzag.
Position: Wave A.
Direction next higher degrees: Wave V of Impulse.
Wave Cancel invalid Level:
Details: Wave ((2)) Is Equal to 61.8% of Wave ((1)) at 0.1373.
DogeCoin/US dollar(DOGEUSD)Trading Strategy:
Dogecoin overall is still in the period of correction. In the position of wave (II) with a Zigzag pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.
DogeCoin/US dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
Technical analyst: Kittiampon Somboonsod.
DOGE/USD Elliott Wave technical analysis [Video]
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