Dogecoin (DOGEUSD) Elliott Wave Technical Analysis

Peter Mathers • by Kittiampon Somboonsod

Elliott Wave Analyst - tradinglounge • Nov 28, 2022 at 12:05 AM EST

Overall, there is a chance that the rate will continue to decrease.

Dogecoin (DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave B

Direction Next higher Degrees: wave (Y) of Double Corrective

Details: Wave B retraces in a zigzag pattern at the end, and prices will drop again in wave C.

Wave Cancel invalid Level: 0.1581

Dogecoin (DOGEUSD) Trading Strategy: The structure in the larger image is reduced with a double corrective pattern in the lower (Y) wave, but because the internal sub-wave of the wave is not yet complete. Overall, there is a chance that the rate will continue to decrease.

Dogecoin (DOGEUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The Wave oscillator below Zero-Line Momentum is bearish

Elliott Wave Analysis TradingLounge 4H Chart, 28 November 2022

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