DOGE/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Double Corrective.
Position: Wave ((Y)).
Direction Next higher Degrees: wave ((Y)) of IV.
Details: The corrective of Wave IV Maybe complete and the price Increase again in Wave V.
Dogecoin/ US Dollar (DOGEUSD) Trading Strategy: Wave IV appears to have ended at 0.2626, so the overall picture is a rally above 0.4804 of wave V, with a chance of testing 0.6174.
Dogecoin/ US Dollar (DOGEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
DOGE/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Double Corrective.
Position: Wave ((Y)).
Direction Next higher Degrees: Wave ((Y)) of IV.
Details: The corrective of Wave IV Maybe complete and the price Increase again in Wave V.
Dogecoin/ US Dollar (DOGE/USD) Trading Strategy: Wave IV appears to have ended at 0.2626, so the overall picture is a rally above 0.4804 of wave V, with a chance of testing 0.6174.
Dogecoin/ US Dollar (DOGE/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Dogecoin Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended Content
Editors’ Picks
Bitcoin Price Forecast: BTC holds above $100K following Fed’s Michael Barr resignation
Bitcoin edges slightly down to around $101,300 on Tuesday after rallying almost 4% the previous day. The announcement of Michael S. Barr’s resignation as Fed Vice Chair for Supervision on Monday has pushed BTC above the $100K mark.
Injective Price Prediction: INJ 3.0 upgrade reduces the token supply
Injective price extends its gains for the seventh day in a row, trading above $26 on Tuesday after rallying more than 25% the previous week. The announcement of the INJ 3.0 upgrade on Sunday, which focuses on significantly decreasing the token supply, could further fuel the ongoing rally.
Solana Price Forecast: Open Interest reaches an all-time high of $6.48 billion
Solana price trades slightly down on Tuesday after rallying more than 12% in the previous week. On-chain data paints a bullish picture as SOL’s open interest reaches a new all-time high of $6.48 billion on Tuesday.
Ripple's XRP eyes rally to new all-time high after 40% spike in open interest
XRP open interest surged by 40% in the past 24 hours. Buying pressure across exchanges and investment products helped XRP to maintain a bullish outlook. XRP could be on the verge of a massive breakout after testing the resistance of a bullish pennant.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.