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Elliott Wave Analysis TradingLounge Daily Chart, 28 September 23, 

Dogecoin/U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis 

Function: Counter trend    

Mode: Corrective

Structure: Triangle

Position: Wave (4)

Direction Next higher Degrees: wave (4) of Impulse

Wave Cancel invalid Level: 0.0717

Details: the corrective in wave (4) before a decline in wave (5)

Dogecoin/U.S. dollar(DOGEUSD) Trading Strategy: Dogecoin still is in a downtrend, of Wave C which has an opportunity equal to Wave A at 0.0329, also, the price below the MA200 Line creates pressure to continue the decline.

Dogecoin/U.S. dollar(DOGEUSD) Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com

(Click on image to enlarge)

Elliott Wave Analysis TradingLounge 4H Chart, 28 September 23,  

Dogecoin/U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis 

Function: Counter trend    

Mode: Corrective

Structure: Triangle

Position: Wave (4)

Direction Next higher Degrees: wave (4) of Impulse

Wave Cancel invalid Level: 0.0717

Details: the corrective in wave (4) before a decline in wave (5)

Dogecoin/U.S. dollar(DOGEUSD) Trading Strategy: Dogecoin still is in a downtrend, of Wave C which has an opportunity equal to Wave A at 0.0329, also, the price below the MA200 Line creates pressure to continue the decline

Dogecoin/U.S. dollar(DOGEUSD) Technical Indicators: The price is below the MA200 indicating a downtrend, and RSI has a Bearish momentum.

(Click on image to enlarge)

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