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Dogecoin / U.S. dollar(DOGEUSD) Elliott Wave Technical Analysis 8 January 24


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Elliott Wave Analysis TradingLounge Daily Chart, 8 January 24,

Dogecoin / U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((C))

Direction Next higher Degrees: wave II of Impulse

Wave Cancel invalid Level: 0.057

Details: Wave II trend Move to retest 78.6% of Wave I at 0.679

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Overall, Dogecoin is still in an uptrend. But it is in a period of correction in Wave 2 to continue rising in Wave 3. We predict that the retracement level is likely to go down to test the 78.6% level of Wave 1.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

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Elliott Wave Analysis TradingLounge 4H Chart, 8 January 24,

Dogecoin / U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((C))

Direction Next higher Degrees: wave II of Impulse

Wave Cancel invalid Level: 0.057

Details: Wave II trend Move to retest 78.6% of Wave I at 0.679

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Overall, Dogecoin is still in an uptrend. But it is in a period of correction in Wave 2 to continue rising in Wave 3. We predict that the retracement level is likely to go down to test the 78.6% level of Wave 1.

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

 

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