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


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Elliott Wave Analysis TradingLounge Daily Chart, 30 November 23,

Dogecoin/ U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: …..

Position: Wave 2

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 4.50

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy :Dogecoin recovered well from the 0.0573 level and even managed to expand in five waves. Actions in the same direction as a trend one level larger than itself develop in a five-wave pattern. And now the price is entering a correction period which will give us another opportunity to join the trend. Wait for the correction in wave 2 to be completed.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

26c18268ca6852ab15eff83d33e46fb8

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 30 November 23,

Dogecoin/ U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: …..

Position: Wave 2

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 4.50

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin recovered well from the 0.0573 level and even managed to expand in five waves. Actions in the same direction as a trend one level larger than itself develop in a five-wave pattern. And now the price is entering a correction period which will give us another opportunity to join the trend. Wait for the correction in wave 2 to be completed.

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

 

e8121c37d3ddf7a01a02c646d95cb4c2

 

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  • 4 weeks later...
On 30/11/2023 at 09:43, tradinglounge said:

Elliott Wave Analysis TradingLounge Daily Chart, 30 November 23,

Dogecoin/ U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: …..

Position: Wave 2

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 4.50

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy :Dogecoin recovered well from the 0.0573 level and even managed to expand in five waves. Actions in the same direction as a trend one level larger than itself develop in a five-wave pattern. And now the price is entering a correction period which will give us another opportunity to join the trend. Wait for the correction in wave 2 to be completed.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

26c18268ca6852ab15eff83d33e46fb8

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 30 November 23,

Dogecoin/ U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: …..

Position: Wave 2

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 4.50

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin recovered well from the 0.0573 level and even managed to expand in five waves. Actions in the same direction as a trend one level larger than itself develop in a five-wave pattern. And now the price is entering a correction period which will give us another opportunity to join the trend. Wait for the correction in wave 2 to be completed.

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

 

e8121c37d3ddf7a01a02c646d95cb4c2

 

Will ride it, if it retract to the yello line...

IMG_20231226_084603.jpg

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