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Dogecoin Elliott Wave technical analysis [Video]

Dogecoin Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

DOGE/USD Elliott Wave technical analysis

Function: Follow trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((5)).

Direction Next higher Degrees: Wave V of Impulse.

Details: Wave ((5)) is equal to Wave ((1)) at 0.2182

DOGE/USD trading strategy

It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0.2382 level before correcting again.

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

Chart

DOGE/USD Elliott Wave technical analysis

Function: Follow trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((5)).

Direction next higher degrees: Wave V of Impulse.

Details: Wave ((5)) is equal to Wave ((1)) at 0.2182.

DOGE/USD trading strategy

It looks like Wave IV has finished correcting. And the price is rising again in Wave V. Wave V usually has the same length as Wave I. Therefore, we predict the trend of Wave V has a chance to test the 0.2382 level before correcting again.

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

Chart

Dogecoin Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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