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


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Elliott Wave Analysis TradingLounge Daily Chart, 30 August 23, 
Dogecoin/U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter  trend    
Mode: Corrective
Structure: Zigzag
Position: Wave (4)
Direction Next higher Degrees: wave ((3)) of Impulse
Wave Cancel invalid Level: 0.0717

Dogecoin/U.S. dollar(DOGEUSD)Trading Strategy: The price structure in the downtrend continues. Also, the price is below the MA200. The retracement is only short term in wave 4 to further decline in wave 5.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA


Elliott Wave Analysis TradingLounge 4H Chart, 30 August 23,  
Dogecoin/U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis 
Function: Counter  trend    
Mode: Corrective
Structure: Zigzag
Position: Wave (4)
Direction Next higher Degrees: wave ((3)) of Impulse
Wave Cancel invalid Level: 0.0717

Dogecoin/U.S. dollar(DOGEUSD)Trading Strategy: The price structure in the downtrend continues. Also, the price is below the MA200. The retracement is only short term in wave 4 to further decline in wave 5.

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

DOGEH4.thumb.png.68a472ba419ea7c7c4d28e4c1a7a6174.png

DOGE day.png

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