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.
Details: Wave (4) may is complete and the Price entry to uptrend again.
Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy: Overall, Dogecoin remains in an uptrend. Moreover, it looks like the correction is over. And prices are rising again in the fifth wave. But there may be a slight pullback before increasing. So look for opportunities to join the uptrend.
Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.
DOGE/USD Elliott Wave four-hour chart
Function: Counter trend.
Mode: Corrective.
Structure: Zigzag.
Position: Wave ((C)).
Direction next higher degrees: Wave I of Impulse.
Details: Wave (4) may is complete and the Price entry to uptrend again.
Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: Overall, Dogecoin remains in an uptrend. Moreover, it looks like the correction is over. And prices are rising again in the fifth wave. But there may be a slight pullback before increasing. So look for opportunities to join the uptrend.
Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.
Dogecoin Elliott Wave technical analysis [Video]
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