Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trendMode: 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 to uptrend againDogeCoin/ U.S. dollar(DOGEUSD)Trading Strategy:
Dogecoin overall is still in the period of correction. In the position of wave (II) with a Zigzag pattern, the view is for a short-term pullback before rising again in wave (III). Wait for the correction to complete to rejoin the uptrend.DogeCoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is below the MA200 indicating a downtrend. The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge H4 ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave ADirection Next higher Degrees: Wave V of ImpulseWave Cancel invalid Level: Details: wave ((2)) Is Equal to 61.8% of Wave ((1)) at 0.1373.DogeCoin/ U.S. dollar(DOGEUSD)Trading Strategy:
Dogecoin overall is still in the period of correction. In the position of wave (II) with a Zigzag pattern, the view is for a short-term pullback before rising again in wave (III). Wait for the correction to complete to rejoin the uptrend.DogeCoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is below the MA200 indicating a downtrend. The Wave Oscillator is a Bearish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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