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Dogecoin Elliott Wave technical analysis [Video]

Dogecoin Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

DOGE/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave III.

Direction next higher degrees: Wave (I) of Impulse.

Wave cancel invalid level: 0.0770.

Details: Wave III is Equal to 161.8% of Wave I at 0.1575.

DOGE/USD trading strategy

Dogecoin has entered a full-blown uptrend. Which is currently an increase of Wave III with a chance to test the level of 0.1575. Therefore, Dogecoin overall is in an uptrend. And there is still a chance to increase continuously.

Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

DOGE/USD daily chart

Chart

DOGE/USD Elliott Wave technical analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: Wave (I) of Impulse

Wave Cancel invalid Level: 0.0770

Details: Wave III is Equal to 161.8% of Wave I at 0.1575

DOGE/USD trading strategy

Dogecoin has entered a full-blown uptrend. Which is currently an increase of Wave III with a chance to test the level of 0.1575. Therefore, Dogecoin overall is in an uptrend. And there is still a chance to increase continuously.

Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

DOGE/USD four hour chart

Chart

DOGE/USD Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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