DepositPhotosElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)Function: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid Level:Details: Wave (II) may not be complete, price is likely to be below 0.076Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:This is a 5 wave retracement of wave (C), where we are in the final stages of wave Y, which is likely to test the 0.076 level, so the overall picture is a short term retracement before another rally.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.
Dogecoin/ U.S. dollar(DOGEUSD) 4hr ChartFunction: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid Level:Details: Wave (II) may not be complete, price is likely to be below 0.076Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:This is a 5 wave retracement of wave (C), where we are in the final stages of wave Y, which is likely to test the 0.076 level, so the overall picture is a short term retracement before another rally.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum
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Technical Analyst : Kittiampon SomboonsodSource : Tradinglounge.comMore By This Author:Trading Strategy Update: Holding Long Positions On Stocks & Indices With Bullish Bias
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