Dogecoin Elliott Wave technical analysis [Video]

DOGE/USD Elliott Wave technical analysis 

Function: Counter trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave ((C)).

Direction next higher degrees: Wave I of Impulse.

Details: Wave ((4)) may is complete and the Price entry to uptrend again.

DogeCoin/ U.S. dollar (DOGEUSD) Trading Strategy: Dogecoin overall is still in the period of correction. In the position of wave (II) with a Zigzag pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.

DogeCoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

DOGE/USD Elliott Wave technical analysis four-hour chart

Function: Counter Trend.

Mode: Corrective.

Structure: Zigzag.

Position: Wave A.

Direction Next higher Degrees: Wave V of Impulse.

Details: wave ((2)) Is Equal to 61.8% of Wave ((1)) at 0.1373.

DogeCoin/ U.S. dollar (DOGEUSD) Trading Strategy: Dogecoin overall is still in the period of correction. In the position of wave (II) with a Zigzag pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.

DogeCoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Dogecoin Elliott Wave technical analysis [Video]