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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: Double Corrective.

Position: Wave ((Y)).

Direction Next higher Degrees: wave ((Y)) of IV.

Details: The corrective of Wave IV Maybe complete and the price Increase again in Wave V.

Dogecoin/ US Dollar (DOGEUSD) Trading Strategy: Wave IV appears to have ended at 0.2626, so the overall picture is a rally above 0.4804 of wave V, with a chance of testing 0.6174.

Dogecoin/ US 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: Double Corrective.

Position: Wave ((Y)).

Direction Next higher Degrees: Wave ((Y)) of IV.

Details: The corrective of Wave IV Maybe complete and the price Increase again in Wave V.

Dogecoin/ US Dollar (DOGE/USD) Trading Strategy: Wave IV appears to have ended at 0.2626, so the overall picture is a rally above 0.4804 of wave V, with a chance of testing 0.6174.

Dogecoin/ US Dollar (DOGE/USD) 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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