Elliott Wave Technical Analysis: DogeCoin (DOGEUSD)
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Elliott Wave Analysis TradingLounge Daily Chart, 26 October 2022,
DogeCoin (DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: C
Direction Next higher Degrees: wave (2) of Motive
Details: Pull back in wave 2, But must not be above 0.0892
Wave Cancel invalid Level: 0.0892
DogeCoin (DOGEUSD) Trading Strategy: The retracement in wave 2 is usually .618 x wave 1, but it is only a short-term pullback when wave 2 ends, the price will go down again and is an opportunity to open a short position
DogeCoin (DOGEUSD) Technical Indicators: MACD Histogram above Zero-Line, MACD has Bullish divergence The price has a chance of reversal.
Analyst: Kittiampon Somboonsod
DogeCoin (DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: C
Direction Next higher Degrees: wave (2) of Motive
Details: Pull back in wave 2, But must not be above 0.0892
Wave Cancel invalid Level: 0.0892
DogeCoin (DOGEUSD) Trading Strategy: The retracement in wave 2 is usually .618 x wave 1, but it is only a short-term pullback when wave 2 ends, the price will go down again and is an opportunity to open a short position
DogeCoin (DOGEUSD) Technical Indicators: MACD Histogram above Zero-Line, MACD has Bullish divergence. The price has a chance of reversal.
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I like the Elliot wave too, but I’ve found PPSignal CFB to be a bit more powerful. What dou you think?