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

[tradinglounge]

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

 

 

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.