Dogecoin Crypto Price News Today Elliott Wave Technical Analysis

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Elliott Wave Analysis TradingLounge Daily Chart
Dogecoin/ U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis 
Function: Counter trend    
Mode: Corrective
Structure: Zigazg
Position:  Wave ((C))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level: 
Details: the corrective of Wave 4 before entry to uptrend again

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
The fourth wave correction is likely to go down to test the 0.1169 level before rising again in the fifth wave. Therefore, the overall outlook is for a short-term pullback to continue rising. Wait for the correction to complete to re-enter the trend.

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




Elliott Wave Analysis TradingLounge H4 Chart
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: 
Details: We missing one Move down in wave 5 before the price entry to Uptrend again   


Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
A fourth wave correction came before falling again in the fifth wave. Therefore, the overall picture is a continuous decline. Wait for the correction to complete to re-enter the trend.

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

Technical Analyst : Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

 

 

Edited April 22 by tradinglounge

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