Image by from Elliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave ((C))Direction Next higher Degrees: Wave IV of ImpulseWave Cancel invalid Level: Details: Wave IV May is complete and the price increase again in Wave VDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
Overall, Dogecoin remains in an uptrend. Moreover, it looks like the correction is over, and prices are rising again in the fifth wave. However, there may be a slight pullback before further increases. Look for opportunities to join the uptrend.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.Elliott Wave Analysis TradingLounge H4 ChartDogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Follow TrendMode: Motive Structure: ImpulsePosition: Wave ((3))Direction Next higher Degrees: Wave V of ImpulseWave Cancel invalid Level: Details: wave ((3)) Is Equal to 161.8% of Wave ((1)) at 0.2488Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
Overall, Dogecoin remains in an uptrend. Moreover, it looks like the correction is over, and prices are rising again in the fifth wave. However, there may be a slight pullback before further increases. Look for opportunities to join the uptrend.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com More By This Author:
Elliott Wave Technical Analysis: Dogecoin Crypto Price News For Tuesday, May 28
