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Elliott Wave Analysis TradingLounge Daily Chart, 30 June 2023.

Dogecoin/U.S. Dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 6.717800

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Wave Cancel invalid Level: 0.1048

Dogecoin/U.S. Dollar (DOGEUSD) Trading Strategy: The trend remains in bear market control. As the price structure in the downtrend has not yet ended in line with the price still below the MA200 line, the price is likely to continue falling. The increase could be just a short-term pullback.

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

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 30 June 2023.

Dogecoin/U.S. Dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 6.717800

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Wave Cancel invalid Level: 0.1048

Dogecoin/U.S. Dollar(DOGEUSD) Trading Strategy: The trend remains in bear market control. As the price structure in the downtrend has not yet ended in line with the price still below the MA200 line, the price is likely to continue falling. The increase could be just a short-term pullback.

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

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