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Dogecoin/U.S.dollar(DOGEUSD) Elliott Wave Technical Analysis 4 April 23


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Elliott Wave Analysis TradingLounge Daily Chart, 4 April 23,  
Dogecoin/U.S.dollar(DOGEUSD)
DOGEUSD  Elliott Wave Technical Analysis 
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: Wave I of Motive
Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).
Wave Cancel invalid Level:  0.0626


Dogecoin/U.S.dollar(DOGEUSD)Trading Strategy: Dogecoin is recovering well. And we expect wave ((2)) to end at the level of 0.0710. Five rising waves from this point and a breakout from the MA200 line will support this idea. The price is likely to trade above the level of 0.1159 in waves ((3)).


Dogecoin/U.S.dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA




Elliott Wave Analysis TradingLounge 4H Chart, 4 April 23,  
Dogecoin/U.S.dollar(DOGEUSD)
DOGEUSD  Elliott Wave Technical Analysis 
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: Wave I of Motive
Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).
Wave Cancel invalid Level:  0.0626

Dogecoin/U.S.dollar(DOGEUSD)Trading Strategy: Dogecoin is recovering well. And we expect wave ((2)) to end at the level of 0.0710. Five rising waves from this point and a breakout from the MA200 line will support this idea. The price is likely to trade above the level of 0.1159 in waves ((3)).


Dogecoin/U.S.dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish.

DOGEH4.thumb.png.ef67e468cb82e3cf79347772ed63c271.png

DOGE Day.png

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