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Dogecoin (DOGEUSD) Elliott Wave Technical Analysis 8 November 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 8 November 2022,

Dogecoin (DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Triangle

Position: Wave 4

Direction Next higher Degrees: wave (5) of Motive

Details: The reversal of wave 4 is usually .382 x wave 3.

Wave Cancel invalid Level:

Dogecoin (DOGEUSD) Trading Strategy: The price tends to move sideways in the

retracement of wave 4. In most cases, wave 4 reverses .382 x wave 3 lengths, so waiting for

wave 4 to end may be necessary to rejoin the uptrend.

Dogecoin (DOGEUSD) Technical Indicators: MACD and MACD Histogram above

Zero-Line the price has bullish momentum.

Tradinglounge Analyst : Kittiampon Somboonsod

 

1116983700_DOGEday.thumb.png.b9368839160cfb654fdcf13671dc0ef4.png

 

 

 

Dogecoin (DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Triangle

Position: Wave 4

Direction Next higher Degrees: wave (5) of Motive

Details: The reversal of wave 4 is usually .382 x wave 3.

Wave Cancel invalid Level:

Dogecoin (DOGEUSD) Trading Strategy: The price tends to move sideways in the

retracement of wave 4. In most cases, wave 4 reverses .382 x wave 3 lengths, so waiting for

wave 4 to end may be necessary to rejoin the uptrend.

Dogecoin (DOGEUSD)Technical Indicators: MACD has a Hidden bullish divergence

MACD Histogram has a bullish divergence, Price tends to reverse.

1711384455_DOGEH4.thumb.png.08de051732df470c2bb97c43b7fcc8d0.png

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