Photo by Executium on Unsplash

Elliott Wave Analysis TradingLounge Daily Chart, 14 March 24,

Dogecoin/ U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: Wave (I) of Impulse

Wave Cancel invalid Level: 0.0770

Details: Wave III may be complete watch out for the Corrective

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:

Dogecoin is entering a full uptrend. The current surge of Wave III is likely to end, and the price is entering a correction period in wave 4 before rising again in wave 5. Wait for the correction to complete before re-entering the trend.

Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com

Elliott Wave Analysis TradingLounge 4Hr Chart, 14 March 24,

Dogecoin/ U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: Wave (I) of Impulse

Wave Cancel invalid Level: 0.0770

Details: Wave III may be complete watch out for the Corrective

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:

Dogecoin is entering a full uptrend. The current surge of Wave III is likely to end, and the price is entering a correction period in wave 4 before rising again in wave 5. Wait for the correction to complete before re-entering the trend.

Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

More By This Author:

Elliott Wave Technical Analysis: McDonald’s Corp.
Elliott Wave Technical Analysis: Copper - Wednesday, March 13
Elliott Wave Technical Analysis: GBPUSD - Wednesday, March 13