Elliott Wave Analysis: Dogecoin
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Elliott Wave Analysis TradingLounge Daily Chart, 18 August 2022, Dogecoin(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: wave ((4)) of Impulse Details: reduction in wave ((5)) before are rising again.
Wave Cancel invalid Level :
Dogecoin(DOGEUSD) Trading Strategy: Wave ((4)) seems to have finished and the price will drop again on wave ((5)), so it's good to look for another opportunity to join the downtrend.
Dogecoin(DOGEUSD) Technical Indicators: RSI returns from Overbought Zone
Analyst: Kittiampon Somboonsod
Elliott Wave Analysis TradingLounge 4H Chart, 17 August 2022, Dogecoin(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave 5
Direction Next higher Degrees: wave (C) of Zigzag Details: decrease again in wave ((5)).
Wave Cancel invalid Level :
Dogecoin(DOGEUSD) Trading Strategy: Wave ((4)) seems to have finished and the price wil drop again on wave ((5)), so it's good to look for another opportunity to join the downtrend.
Dogecoin(DOGEUSD) Technical Indicators: RSI Signals Bearish Divergence.
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