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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: Zigzag.

Position: Wave ((C)).

Direction next higher degrees: Wave ((C)) of Zigzag.

Details: wave 2 is likely to end and price is rising again in wave 3.

Dogecoin/ US Dollar (DOGE/USD) Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend.

Dogecoin/ US Dollar (DOGE/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

DOGE

DOGE/USD Elliott Wave technical analysis

Function: Counter trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave (B).

Direction next higher degrees: Wave (B) of Zigzag.

Details: wave 2 is likely to end and price is rising again in wave 3.

Dogecoin/ US Dollar (DOGE/USD) Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend.

Dogecoin/ US Dollar (DOGE/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

DOGE

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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