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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: 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

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.

Chart

Dogecoin 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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