Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level:Details: Wave (II) may be complete and the Price entry to uptrend againDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
The second wave of Zigzag consolidation appears to be complete and the price increased again during the third wave. The overall picture therefore increased again. Look for opportunities to join the uptrend from a short-term correction within the third wave.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is below the MA200 indicating an Uptrend. The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge H4 ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave II of ImpulseWave Cancel invalid Level:Details: Wave II may is complete and the Price entry to uptrend againDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
The second wave of Zigazg consolidation appears to be complete and the price increased again during the third wave. The overall picture therefore increased again. Look for opportunities to join the uptrend from a short-term correction within the third wave.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is below the MA200 indicating an Uptrend. The Wave Oscillator is a Bullish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
More By This Author:Elliott Wave Technical Analysis: Soybeans – Thur., Aug. 1
Elliott Wave Technical Analysis: NextEra Energy Inc. – Thursday, Aug. 1
Elliott Wave Technical Forecast: ASX Limited
