Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level:Details: Wave (II) is likely to end and price is rising again in wave (III).Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
The correction in wave II seems to be over so we focus on the five-wave rally of wave III. The price action remains in an uptrend, and we are looking for a re-entry into the trend.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge 4hr ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level:Details: Wave (II) is likely to end and price is rising again in wave (III).Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
The correction in wave II seems to be over so we focus on the five-wave rally of wave III. The price action remains in an uptrend, and we are looking for a re-entry into the trend.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.comMore By This Author:Elliott Wave Technical Forecast: James Hardie Industries Plc
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