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 ((C)) of ZigzagWave Cancel invalid Level:Details: wave 2 is likely to end and price is rising again in wave 3Dogecoin/ 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 and the price action remains in an uptrend. 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. dollarDOGEUSD Elliott Wave Technical Analysis Function: Counter trendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: wave ((C)) of ZigzagWave Cancel invalid Level:Details: wave 2 is likely to end and price is rising again in wave 3Dogecoin/ 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 and the price action remains in an uptrend. 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:Unlocking ASX Trading Success – Scentre Group
Elliott Wave Technical Analysis – Salesforce Inc.
Elliott Wave Technical Analysis – Coffee Commodity
