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DogeCoin (DOGEUSD) Elliott Wave Technical Analysis 26 October 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 26 October 2022,

DogeCoin (DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: C

Direction Next higher Degrees: wave (2) of Motive

Details: Pull back in wave 2, But must not be above 0.0892

Wave Cancel invalid Level: 0.0892

DogeCoin (DOGEUSD) Trading Strategy: The retracement in wave 2 is usually .618 x

wave 1, but it is only a short-term pullback when wave 2 ends, the price will go down again.

and is an opportunity to open a short position

DogeCoin (DOGEUSD) Technical Indicators: MACD Histogram above Zero-Line, MACD

has Bullish divergence The price has a chance of reversal.

Tradinglounge analyst: Kittiampon Somboonsod

 

512543982_DOGEday.thumb.png.fed92fa8e860574ec867c499d7a72414.png

 

 

 

 

DogeCoin (DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: C

Direction Next higher Degrees: wave (2) of Motive

Details: Pull back in wave 2, But must not be above 0.0892

Wave Cancel invalid Level: 0.0892

DogeCoin (DOGEUSD) Trading Strategy: The retracement in wave 2 is usually .618 x

wave 1, but it is only a short-term pullback when wave 2 ends, the price will go down again.

and is an opportunity to open a short position

DogeCoin (DOGEUSD) Technical Indicators: MACD Histogram above Zero-Line, MACD

has Bullish divergence The price has a chance of reversal.

2141780109_DOGEH4.thumb.png.451ce1d35f5d95e7151f3b0ae0d6bfde.png

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