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05/14/2024 02:45:00 GMT

Dogecoin Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

Elliott Wave Analysis TradingLounge Daily Chart,

Dogecoin/ U.S. dollar (DOGEUSD)

DOGE/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave ((C)).

Direction next higher degrees: Wave IV of Impulse.

Details: Wave IV May is complete and the price increase again in Wave V.

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: Overall, Dogecoin remains in an uptrend. Moreover, it looks like the correction is over. And prices are rising again in the fifth wave. But there may be a slight pullback before increasing. So look for opportunities to join the uptrend.

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

Doge

DOGE/USD Elliott Wave four-hour chart

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave ((C)).

Direction next higher degrees: Wave IV of Impulse.

Details: Wave IV May is complete and the price increase again in Wave V.

Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: Overall, Dogecoin remains in an uptrend. Moreover, it looks like the correction is over. And prices are rising again in the fifth wave. But there may be a slight pullback before increasing. So look for opportunities to join the uptrend.

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

Doge

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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