Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level: Details: Wave (4) May is complete and the Price entry is to uptrend againDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
Overall, Dogecoin remains in an uptrend. It looks like the correction is over, and prices are rising again in the fifth wave. However, there may be a slight pullback before further increases. Look for opportunities to join the uptrend.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.
Elliott Wave Analysis TradingLounge H4 ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level: Details: Wave (4) May is complete and the Price entry is to uptrend againDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
Overall, Dogecoin remains in an uptrend. It looks like the correction is over, and prices are rising again in the fifth wave. However, there may be a slight pullback before further increases. Look for opportunities to join the uptrend.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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