Elliott Wave Analysis - Daily Chart, Dogecoin/ U.S. dollar(DOGEUSD)

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: Wave I of Impulse

Wave Cancel invalid Level: 

Details: Wave ((3)) is likely to test the 161.8% level of wave ((1)).

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

It looks like the wave IV correction is complete and the price is still likely to move up. Look for an opportunity to join the wave V uptrend.

Technical Indicators: The price is above the MA200 indicating an uptrend, the Wave Oscillator is a Bearish Momentum.

Elliott Wave Analysis H4 Chart, Dogecoin/ U.S. dollar(DOGEUSD)

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: Wave I of Impulse

Wave Cancel invalid Level: 

Details: Wave ((3)) is likely to test the 161.8% level of wave ((1)).

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

It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.

Technical Indicators: The price is above the MA200 indicating an uptrend, the Wave Oscillator is a Bearish Momentum.

Technical Analyst : Kittiampon Somboonsod

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