Jump to content

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


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 20 April 23,  

Dogecoin /U.S.dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis 

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Double Combined

Position: Wave (Y)

Direction Next higher Degrees: Wave B or 2

Details: The reduction is still not over. The price is likely to trade below 0.0491.

Wave Cancel invalid Level:

Dogecoin /U.S.dollar(DOGEUSD)Trading Strategy: Wave((2)) retracement at a satisfactory level. We expect trading below 0.0804 and 0.0626 respectively in waves((3)), and a five-wave decline will confirm this idea.

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

 

DOGEDay.thumb.png.1e9368c34a1074e29b29e88c77f5ee4a.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 20 April 23,  

Dogecoin /U.S.dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis 

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Flat

Position: Wave (C)

Direction Next higher Degrees: Wave ((2)) of Motive

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Wave Cancel invalid Level: 0.1048

Dogecoin /U.S.dollar(DOGEUSD)Trading Strategy: Wave((2)) retracement at a satisfactory level. We expect trading below 0.0804 and 0.0626 respectively in waves((3)), and a five-wave decline will confirm this idea.

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.29ebce28d6a0f860007160f776c013bf.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,102
    • Total Posts
      92,960
    • Total Members
      42,479
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    vnquacom
    Joined 02/06/23 07:27
  • Posts

    • Good Morning, Please could the [LOUP] Innovator Deepwater Frontier Tech ETF be listed and made available for the ISA tax wrapper, pretty please? Many thanks, Sam
    • Okta Inc., Elliott Wave Technical Analysis Okta Inc., (OKTA:NYSE): Daily Chart, 2 June 23, OKTA Stock Market Analysis: Okta has been moving as expected, looking for further upside into wave {iii} despite the sharp correction we had with yesterday’s session.   OKTA Elliott Wave Count: Wave {ii} of 3. OKTA Technical Indicators: Below all averages. OKTA Trading Strategy: Looking for upside resumption into wave {ii}.   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!       Okta Inc., OKTA: 1-hour Chart, 2 June 23 Okta Inc., Elliott Wave Technical Analysis OKTA Stock Market Analysis: Looking for the correction in wave {ii} to be nearly completed, as we might resume lower into wave (c) to complete the correction, knowing we are very close to invalidation level. Should we break the red line we could then have been in a flat correction in wave 2.   OKTA Elliott Wave count:  Wave  (c) of {ii}. OKTA Technical Indicators: Below all averages. OKTA Trading Strategy: Looking for support at 66.7 to hold.
    • Hey fellow traders! I wanted to share some exciting news with you all regarding the AUDUSD currency pair. Over the past few days, I've been closely monitoring its movements, and I'm thrilled to report a significant development. The price has finally broken below the immediate support level at 0.6564, indicating a successful breakout. Now, here's the exciting part. The price is currently retracing towards this former support level, which has now transformed into a resistance zone. If the price fails to break and close above this resistance level, there is a high potential for a bearish push, with a target towards the major support at 0.6177. This presents a fantastic opportunity for us traders to profit from the downward movement, potentially gaining a massive 400 pips. Keep a close eye on the price action and watch for any signs of rejection at the resistance zone. If the bears take control, it could be a rewarding trade! Remember, always exercise caution and implement appropriate risk management strategies. Good luck and happy trading!  
×
×
  • Create New...