Dogecoin/ U.S. dollar(DOGEUSD) Elliott Wave Technical Analysis 13 March 24

[tradinglounge]

Elliott Wave Analysis TradingLounge Daily Chart, 13 March 24,

Dogecoin/ U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: Wave (I) of Impulse

Wave Cancel invalid Level: 0.0770

Details: Wave III may be complete watch out for the Corrective

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:

Dogecoin enters full uptrend The current surge of Wave III is likely to end. And the price is entering a period of correction in wave 4 before rising again in wave 5. Wait for the correction to complete before entering the trend again.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

 

 

 

Elliott Wave Analysis TradingLounge 4Hr Chart, 13 March 24,

Chainlink/ U.S. dollar(LINKUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: Wave (I) of Impulse

Wave Cancel invalid Level: 0.0770

Details: Wave III may be complete watch out for the Corrective

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:

Dogecoin enters full uptrend The current surge of Wave III is likely to end. And the price is entering a period of correction in wave 4 before rising again in wave 5. Wait for the correction to complete before entering the trend again.

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

 

 

[Imam]

Not gonna sell tho... Got almost perfect entry... 😁🤞

[XTRAVAGANZA]

4 hours ago, Imam said:

Not gonna sell tho... Got almost perfect entry... 😁🤞

i shorted it with good leverage here, will long it once i get a get entry yah

[kentpaul]

are there any pedigree dog coins? I am worried that doge coin is a bit of a mongrel, the likes of which you see by the thoudand in most emerging makets (apart from China). surely there are better pedigree dogs that could be immortalised in a coin?

[tradinglounge]

They are just Meme tokens, ok for short term pump dump trades. but not HODLing

[Imam]

On 13/03/2024 at 19:58, XTRAVAGANZA said:

i shorted it with good leverage here, will long it once i get a get entry yah

Shorted as well...🤞

[AhmedMarsh]

Of course, it's just one piece of the puzzle. I'm also factoring in other indicators and news before making any trading decisions. Risk management is key, and I'm always cautious about jumping in blindly.

[Imam]

7 hours ago, AhmedMarsh said:

Of course, it's just one piece of the puzzle. I'm also factoring in other indicators and news before making any trading decisions. Risk management is key, and I'm always cautious about jumping in blindly.

Okay then, this one should be considered ya...