Elliott Wave Technical Analysis: Dogecoin/U.S. Dollar - Friday, Aug. 18

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Elliott Wave Analysis TradingLounge Daily Chart, 18 August 2023.
Dogecoin/U.S. Dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Follow trend   
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: wave ((3)) of Impulse
Wave Cancel invalid Level: 0.0717
Dogecoin/U.S. Dollar(DOGEUSD) Trading Strategy: Wave(3) fall, where we are missing two more moves to complete the five-wave pattern. and will keep the price below 0.0537
Dogecoin/U.S. Dollar(DOGEUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. Wave oscillators are bearish momentum.
Analyst: Kittiampon Somboonsod, CEWA

​Elliott Wave Analysis TradingLounge 4H Chart, 18  August 2023.
Dogecoin/U.S. Dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Follow trend   
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: wave ((3)) of Impulse
Wave Cancel invalid Level: 0.0717

Dogecoin/U.S. Dollar(DOGEUSD) Trading Strategy: Wave(3) fall, where we are missing two more moves to complete the five-wave pattern. and will keep the price below 0.0537

Dogecoin/U.S. Dollar(DOGEUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. Wave oscillators are bearish momentum.


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