Elliott Wave Analysis TradingLounge Daily Chart, 6 November 23,
Dogecoin / U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (1)
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level: 0.575
Details: the Corrective of wave ((VI)) maybe complete and five-wave rise will support ideaDogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin’s recovery from the 0.0574 level has evolved into a five-wave Impulse pattern, indicating that an uptrend is forming. The price is currently correcting again in a flat pattern. We will wait for wave C to complete to rejoin the trend.Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum. 
Elliott Wave Analysis TradingLounge 4H Chart, 6 November 23,
Dogecoin / U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (B)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 0.575
Details: Pull back of wave B before decline again in wave cDogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin’s recovery from the 0.0574 level has evolved into a five-wave Impulse pattern, indicating that an uptrend is forming. The price is currently correcting again in a flat pattern. We will wait for wave C to complete to rejoin the trend.Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum..thumb.png.f429d325b60fe22e55a6157540940a23.png)
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