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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 ((C)) of Zigzag

Wave Cancel invalid Level:

Details: wave 2 is likely to end and price is rising again in wave 3

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
The correction in wave II seems to be over so we focus on the five-wave rally of wave III and the price action remains in an uptrend. We are looking for a re-entry into the trend.

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

Elliott Wave Analysis TradingLounge 4hr Chart

Dogecoin/ U.S. dollar

DOGEUSD Elliott Wave Technical Analysis 

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((C))

Direction Next higher Degrees: wave ((C)) of Zigzag

Wave Cancel invalid Level:

Details: wave 2 is likely to end and price is rising again in wave 3

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
The correction in wave II seems to be over so we focus on the five-wave rally of wave III and the price action remains in an uptrend. We are looking for a re-entry into the trend.

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

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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