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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: Zigazg

Position: Wave ((C))

Direction Next higher Degrees: wave II of Impulse

Wave Cancel invalid Level:

Details: Wave (II) may is complete and the Price entry to uptrend again

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy:
The second wave of Zigazg consolidation appears to be complete and the price increased again during the third wave. The overall picture therefore increased again. Look for opportunities to join the uptrend from a short-term correction within the third wave.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators:
The price is below the MA200 indicating a Downtrend. The Wave Oscillator is a Bearish 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 ((C))

Direction Next higher Degrees: wave II of Impulse

Wave Cancel invalid Level:

Details: Wave II may is complete and the Price entry to uptrend again

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy:
The second wave of Zigazg consolidation appears to be complete and the price increased again during the third wave. The overall picture therefore increased again. Look for opportunities to join the uptrend from a short-term correction within the third wave.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators:
The price is below the MA200 indicating a Downtrend. The Wave Oscillator is a Bearish Momentum..

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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