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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: 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.

Chart

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.

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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