DOGE/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Triple Corrective.
Position: Wave Z.
Direction next higher degrees: Wave (II) of Impulse.
Details: Wave (II) is likely to end and price is rising again in wave (III).
Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
Dogecoin/ U.S. dollar (DOGEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
DOGE/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Triple Corrective.
Position: Wave Z.
Direction next higher degrees: Wave (II) of Impulse.
Details: Wave (II) is likely to end and price is rising again in wave (III).
Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
Dogecoin/ U.S. dollar (DOGEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Dogecoin Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended Content
Editors’ Picks
AI tokens to watch for: TAO, NEAR, ICP surge amid Google, Meta investment pledges
Artificial Intelligence (AI) tokens such as Bittensor (TAO), Near Protocol (NEAR), and Internet Computer (ICP) surged on Tuesday with Trump’s energy and AI innovation push. The investment pledges were made by American tech giants, including Google and Meta.
Trump strikes deal to unblock crypto bills in House, GENIUS Act set for vote
Donald Trump announced on Wednesday that 11 of the 12 House representatives have agreed to support the GENIUS Act, which outlines a regulatory framework for stablecoins. The bill could face a full vote as early as Wednesday.
Top Crypto Gainers: ENS, CRV, SEI – Bulls eye further gains amid breakout runs, golden crossovers
The broader cryptocurrency market maintains bullish momentum, with altcoins such as Ethereum Name Service (ENS), Curve DAO (CRV), and Sei (SEI) extending gains amid Bitcoin (BTC) slipping below $118,000.
Crypto Week in jeopardy as House lawmakers fail to pass procedural motion
Lawmakers denied a procedural move that aimed to initiate formal deliberations on three cryptocurrency-related bills, including the GENIUS stablecoin, the CLARITY, and Anti-CBDC bills, which form the basis for the House Crypto Week.
Bitcoin: BTC hits new all-time high and enters price discovery mode
Bitcoin price prints a new all-time high near $118,900 on Friday, entering uncharted territory as bullish momentum accelerates. The surge in BTC was supported by rising corporate and institutional demand, with spot Bitcoin ETFs recording a total of $1.69 billion this week as of Thursday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.