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: The second wave of Zigzag consolidation appears to be complete. And the price increased again during the third wave. The overall picture therefore increased again. 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 is a Bullish Momentum.
DOGE/USD Elliott Wave daily chart
DOGE/USD Elliott Wave four-hour chart
Function: Follow trend.
Mode: Motive.
Structure: Impulse.
Position: Wave ((3)).
Direction next higher degrees: Wave 1 of Impulse.
Details: Wave (II) may is complete and the Price entry to uptrend again
Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy: The second wave of Zigzag consolidation appears to be complete. And the price increased again during the third wave. The overall picture therefore increased again. 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 is a Bullish Momentum.
Dogecoin Elliott Wave technical analysis [Video]
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