Dogecoin (DOGEUSD) Elliott Wave Technical Analysis 4 October 2022
Dogecoin (DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave B
Direction Next higher Degrees: Wave (2) of Motive
Details: The price is still on a short-term downtrend. There is an opportunity to trade below 0.0491 but must not pullback above 0.068
Wave Cancel invalid Level: 0.068
Dogecoin (DOGEUSD)Trading Strategy: Bear Market Efforts The price tends to trade below 0.0491, which could be an opportunity to open a short position. but must not pullback above 0.068
Dogecoin (DOGEUSD)Technical Indicators: The price is below the MA200, and
MASO line. momentum is bearish.
(Click on image to enlarge)
Dogecoin (DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Direction Next higher Degrees: Wave (3) of Motive
Details: The price is still on a short-term downtrend. There is an opportunity to trade
below 0.0491 but must not pullback above 0.068
Wave Cancel invalid Level: 0.068
Dogecoin (DOGEUSD)Trading Strategy: Bear Market Efforts The price tends to trade
below 0.0491, which could be an opportunity to open a short position. but must not
pullback above 0.068
Dogecoin (DOGEUSD)Technical Indicators: The price is below the MA200, and
MASO line. momentum is bearish.
(Click on image to enlarge)
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