Dogecoin/U.S. dollar(DOGEUSD) Elliott Wave Technical 12 October 23

[tradinglounge]

Elliott Wave Analysis TradingLounge Daily Chart, 12 October 23
Dogecoin/U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis 
Function: Follow trend    
Mode: Motive
Structure: Impulse
Position: Wave (5)
Direction Next higher Degrees: wave C of Zigzag
Wave Cancel invalid Level: 0.0618
Details: the wave 5 trend decline to 0.0496

Dogecoin/U.S. dollar(DOGEUSD)Trading Strategy:  Dogecoin is still in a downtrend. The price structure is a continuous decline of wave 5 and the price has support around 0.0496, which is the target for testing.

Dogecoin/U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish Momentum

TradingLounge Analyst: Kittiampon Somboonsod, CEWA





Elliott Wave Analysis TradingLounge 4H Chart, 12 October 23,  
Dogecoin/U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis 
Function: Follow trend    
Mode: Motive
Structure: Impulse
Position: Wave (5)
Direction Next higher Degrees: wave C of Zigzag
Wave Cancel invalid Level: 0.0618
Details: the wave 5 trend decline to 0.0496

Dogecoin/U.S. dollar(DOGEUSD)Trading Strategy:  Dogecoin is still in a downtrend. The price structure is a continuous decline of wave 5 and the price has support around 0.0496, which is the target for testing.

Dogecoin/U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend,  RSI is a Bearish Momentum.

[Imam]

Grabbed on this retracement.... Let it run ya!