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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: Double Corrective

Position: Wave Y

Direction Next higher Degrees: Wave (II) of Impulse

Wave Cancel invalid Level:

Details: Wave (II) is likely to end and price is rising again in wave (III).

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. The price action remains in an uptrend, and 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)

DOGEUSD Elliott Wave Technical Analysis 

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

Direction Next higher Degrees: Wave (II) of Impulse

Wave Cancel invalid Level:

Details: Wave (II) is likely to end and price is rising again in wave (III).

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. The price action remains in an uptrend, and 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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