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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: Flat

Position: Wave ((C))

Direction Next higher Degrees: wave (C) of ((4))

Wave Cancel invalid Level:

Details: The corrective of Wave ((4)) before Increase again in Wave ((3))

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
Wave (3) appears to have ended and the price is now entering a correction phase in wave (4). So wait for the correction to complete to rejoin 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)

DOGEUSD Elliott Wave Technical Analysis 

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: Wave ((C))

Direction Next higher Degrees: wave (C) of ((4))

Wave Cancel invalid Level:

Details: The corrective of Wave ((4)) before Increase again in Wave ((3)).

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
Wave (3) appears to have ended and the price is now entering a correction phase in wave (4). So wait for the correction to complete to rejoin 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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