Jump to content

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


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 4 May 23,  

Dogecoin /U.S.dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis 

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Zigzag

Position: Wave C

Direction Next higher Degrees: wave (Y) of Double corrective

Wave Cancel invalid Level: 0.1048

Details: : The price is likely to trade below 0.0491.

Dogecoin /U.S.dollar(DOGEUSD)Trading Strategy: There is additional downside risk of wave (3) impulse and aligns with prices below the MA200 line which provides an overview of the downtrend, looking for confirmation below the 0.0754 level.

Dogecoin /U.S.dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend MACD and RSI are Bearish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

DOGEday.thumb.png.766f41dc2ecf1f94ceafefb50263b3e1.png

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 4 May 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 C of Zigzag

Wave Cancel invalid Level: 0.1048

Details: Wave ((3)) is usually equal to 1.618 multiplied Length of wave ((1))

Dogecoin /U.S.dollar(DOGEUSD)Trading Strategy: There is additional downside risk of wave (3) impulse and aligns with prices below the MA200 line which provides an overview of the downtrend, looking for confirmation below the 0.0754 level.

Dogecoin /U.S.dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend MACD and RSI are Bullish Momentum.

DOGEH4.thumb.png.70734e18bd69e0c7a6a236ba502a01dc.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
  • image.png

  • Posts

    • Do you mean daily check-in the app could earn me 1 SOL? please how do i participate?
    • Hey everyone! 🌟 I recently came across the Bitget GoldVerse Community Campaign, and I think it's something you might want to check out, especially if you're into crypto gaming and airdrops. This campaign is exclusively for new Bitget APP users who register and download through a specified link. GoldVerse is a launch platform based on the TON ecosystem, designed to provide a fair, transparent, and secure environment for emerging projects. It's quickly becoming one of the most trusted token issuance platforms on TON, focusing on fairness, transparency, and community involvement. One of the coolest features is the GoldVersebot Mini-app on Telegram. Within just 10 days of its launch, it achieved over 1 million users! The game is super engaging—you can mine GDV coins by tapping in the Social Game, complete tasks, participate in activities, and invite friends to earn $GDV If you're looking for a fun way to earn some crypto and be part of a growing community, this might be worth your time. Plus, with the Bitget event, there are even more opportunities to earn rewards. Happy mining! ⛏️💰
×
×
  • Create New...
us