Elliott Wave Analysis TradingLounge Daily Chart, Tuesday, April 4

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Dogecoin/U.S. Dollar (DOGE-X)
DOGEUSD  Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: Wave I of Motive
Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).
Wave Cancel invalid Level:  0.0626

Dogecoin/U.S. Dollar (DOGEUSD)Trading Strategy: Dogecoin is recovering well. And we expect wave ((2)) to end at the level of 0.0710. Five rising waves from this point and a breakout from the MA200 line will support this idea. The price is likely to trade above the level of 0.1159 in waves ((3)).

Dogecoin/U.S. Dollar (DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend. The wave oscillators above Zero-Line momentum are Bullish.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, Tuesday, April 4
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 I of Motive
Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).
Wave Cancel invalid Level:  0.0626

Dogecoin/U.S. Dollar (DOGEUSD)Trading Strategy: Dogecoin is recovering well. And we expect wave ((2)) to end at the level of 0.0710. Five rising waves from this point and a breakout from the MA200 line will support this idea. The price is likely to trade above the level of 0.1159 in waves ((3)).

Dogecoin/U.S. Dollar (DOGEUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish.

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