Elliott Wave Analysis TradingLounge daily chart.
DOGE/USD Elliott Wave technical analysis
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: It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 2 uptrend.
Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bearish Momentum.
DOGE/USD Elliott Wave technical analysis
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: It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend.
Dogecoin / U.S. dollar (DOGEUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bearish Momentum.
Dogecoin Elliott Wave technical analysis [Video]
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