Elliott Wave Technical Analysis: Dogecoin Crypto Price News For Wednesday, Oct 30
Photo by Executium on Unsplash
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
More By This Author:
Elliott Wave Technical Forecast: James Hardie Industries Plc
HDFC Life Insurance Stocks Elliott Wave Technical Analysis - Tuesday, October 29
Elliott Wave Technical Analysis: Nikkei 225 - Tuesday, Oct. 29
Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817