Elliott Wave Technical Analysis: DOGEUSD - Wednesday, December 20

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Elliott Wave Analysis TradingLounge Daily Chart, 20 December 23,

Dogecoin / U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: Wave I of Impulse

Wave Cancel invalid Level: 0.0573

Details: the five-wave increase of wave 5

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: The wave 4 correction is likely to end at the 0.0862 level. We are looking at a five-wave rally of wave 5, which is likely to be above 0.1075. The overall outlook remains in the uptrend.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 20 December 23,

Dogecoin / U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: Wave I of Impulse

Wave Cancel invalid Level: 0.0573

Details: the five-wave increase of wave 5

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: The wave 4 correction is likely to end at the 0.0862 level. We are looking at a five-wave rally of wave 5, which is likely to be above 0.1075. The overall outlook remains in the uptrend.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

 

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