Jump to content

Dogecoin/U.S.dollar(DOGEUSD) Elliott Wave Technical Analysis 30 May 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 30 May 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: The trend remains in bear market control. As the price structure in the downtrend has not yet ended in line with the price still below the MA200 line, the price is likely to continue falling. The increase could be just a short-term pullback.

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.69a38cf2ad688e059a6851237261213a.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 30 May 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: Wave C of Expanded Flat is usually equal to 1.618 multiplied Length of Wave A

Wave Cancel invalid Level: 0.1048

Dogecoin/U.S.dollar(DOGEUSD)Trading Strategy: The trend remains in bear market control. As the price structure in the downtrend has not yet ended in line with the price still below the MA200 line, the price is likely to continue falling. The increase could be just a short-term pullback.

Ripple /U.S.dollar(XRPUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bullish momentum.

DOGEH4.thumb.png.84e0b3cbf9c51ebf74621014b2a3ec5e.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
      22,982
    • Total Posts
      95,297
    • Total Members
      43,586
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    aroyi
    Joined 22/09/23 03:49
  • Posts

    • Hi @Sureforex Thanks for sharing a great post.   All the best - MongiIG
    • Additionally, you can explore SMM services, which offer the cheapest instagram comments and followers. This can expand your audience and drive traffic to your website through your Instagram page. By diversifying your approach, you can strengthen your online presence and attract more users to your site. 
    • Some indices in Asia saw a modest rebound, but the ASX200 and Nikkei continued to fall, following on from yet more heavy losses in the US. Stocks continue to take a battering from the realisation that the Fed would leave US rates at their current levels for a longer period than previously thought, leading to a reversal in equities and a resumption of the losses seen in the early part of September. Today's data is dominated by flash PMIs from around the globe, in the wake of a Bank of Japan statement that left policy unchanged and maintained its dovish outlook. While US futures have recovered slightly, European markets seem set for a choppy open.  
×
×
  • Create New...
us