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Dogecoin / U.S. dollar(DOGEUSD) Elliott Wave Technical Analysis 6 November 23

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Posted
Posted 
Elliott Wave Analysis TradingLounge Daily Chart,  6 November 23, 
Dogecoin / U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis 
Function: Follow trend    
Mode: Motive
Structure: Impulse
Position: Wave (1)
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level: 0.575
Details: the Corrective of wave ((VI))  maybe complete and five-wave rise will support idea

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin's recovery from the 0.0574 level has evolved into a five-wave Impulse pattern, indicating that an uptrend is forming. The price is currently correcting again in a flat pattern. We will wait for wave C to complete to rejoin the trend.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend,  RSI is a Bullish  Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA





Elliott Wave Analysis TradingLounge 4H Chart, 6 November 23,  
Dogecoin / U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis 
Function: Counter trend    
Mode: Corrective
Structure: Flat
Position: Wave (B)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 0.575
Details: Pull back of wave B before decline again in wave c

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin's recovery from the 0.0574 level has evolved into a five-wave Impulse pattern, indicating that an uptrend is forming. The price is currently correcting again in a flat pattern. We will wait for wave C to complete to rejoin the trend.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend,  RSI is a Bullish  Momentum.

 

 

Crypto23.thumb.png.ef1df49944273acc3728ac557384a0e1.png

 

Crypto23(1).thumb.png.f429d325b60fe22e55a6157540940a23.png

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  • 1 month later...
Imam Valued Contributor

Imam

Posted
Posted
On 06/11/2023 at 10:26, tradinglounge said: 
Elliott Wave Analysis TradingLounge Daily Chart,  6 November 23, 
Dogecoin / U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis 
Function: Follow trend    
Mode: Motive
Structure: Impulse
Position: Wave (1)
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level: 0.575
Details: the Corrective of wave ((VI))  maybe complete and five-wave rise will support idea

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin's recovery from the 0.0574 level has evolved into a five-wave Impulse pattern, indicating that an uptrend is forming. The price is currently correcting again in a flat pattern. We will wait for wave C to complete to rejoin the trend.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend,  RSI is a Bullish  Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA





Elliott Wave Analysis TradingLounge 4H Chart, 6 November 23,  
Dogecoin / U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis 
Function: Counter trend    
Mode: Corrective
Structure: Flat
Position: Wave (B)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 0.575
Details: Pull back of wave B before decline again in wave c

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin's recovery from the 0.0574 level has evolved into a five-wave Impulse pattern, indicating that an uptrend is forming. The price is currently correcting again in a flat pattern. We will wait for wave C to complete to rejoin the trend.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend,  RSI is a Bullish  Momentum.

 

 

Crypto23.thumb.png.ef1df49944273acc3728ac557384a0e1.png

 

Crypto23(1).thumb.png.f429d325b60fe22e55a6157540940a23.png

Perfectly retraced... Time to hop in?

IMG_20231230_095739.jpg

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