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Dogecoin Elliott Wave technical analysis [Video]

Dogecoin Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

Elliott Wave Analysis TradingLounge Daily Chart.

DOGE/USD Elliott Wave technical analysis 

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((3)).

Direction next higher degrees: Wave I of Impulse.

Details: Wave ((3)) is likely to test the 161.8% level of wave ((1)).

Dogecoin/ US dollar (DOGEUSD) trading strategy: It looks like the wave IV correction is complete and the price is still likely to move up. Look for an opportunity to join the wave V uptrend.

Dogecoin/ US dollar (DOGEUSD) technical indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.

Doge

DOGE/USD Elliott Wave technical analysis 

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((3)).

Direction next higher degrees: Wave I of Impulse.

Details: Wave ((3)) is likely to test the 161.8% level of wave ((1)).

Dogecoin/ US dollar (DOGEUSD) Trading Strategy: It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.

Dogecoin/ US dollar (DOGEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish 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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