Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily Chart,Dogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave ((5))Direction Next higher Degrees: wave V of ImpulseWave Cancel invalid Level:Details: Wave ((5)) is equal to Wave ((1)) at 0.2182Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:It looks like Wave IV has finished correcting and the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0.2382 level before correcting again.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.TradingLounge Analyst: Kittiampon Somboonsod, CEWASource: Tradinglounge.comElliott Wave Analysis TradingLounge 4H Chart,Dogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave ((5))Direction Next higher Degrees: wave V of ImpulseWave Cancel invalid Level:Details: Wave ((5)) is equal to Wave ((1)) at 0.2182Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:It looks like Wave IV has finished correcting and the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0.2382 level before correcting again.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.
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