DOGE/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Zigazg.
Position: Wave ((C)).
Direction next higher degrees: Wave II 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 Zigazg 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 blow the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.
DOGE/USD four-hour chart
Function: Counter trend.
Mode: Corrective.
Structure: Zigzag.
Position: Wave ((C)).
Direction next higher degrees: Wave II 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 Zigazg 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 a Downtrend, The Wave Oscillator is a Bearish Momentum.
Dogecoin Elliott Wave technical analysis [Video]
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