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Elliott Wave Analysis TradingLounge Daily Chart
Dogecoin/ U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Zigzag
Position:  Wave ((C))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: Wave ((4) may be complete and the Price entry to uptrend again.

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
A five-wave increase in the Impulse pattern, with the fourth wave now appearing to be complete, indicates that prices are rising again in the fifth wave. The overall picture is increasing again. Look for opportunities to join the upward trend from the correction.

Binance/ U.S. dollar(BNBUSD)Technical Indicators:
The price is below the MA200 indicating an Uptrend. The Wave Oscillator is a Bullish Momentum.

Elliott Wave Analysis TradingLounge H4 Chart
Dogecoin/ U.S. dollar(DOGEUSD)
DOGEUSD  Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave A
Direction Next higher Degrees: Wave V of Impulse
Wave Cancel invalid Level:
Details: wave ((2)) Is Equal to 61.8% of Wave ((1)) at 0.1373

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
The correction in wave ((2)) is likely to test the 61.8% level (0.1373) before rising again in wave ((3)). Waiting for the correction to complete to rejoin the trend further uptrend.

Binance/ U.S. dollar(BNBUSD)Technical Indicators:
The price is below the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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