Photo by on Elliott Wave Analysis TradingLounge Daily ChartDogecoin/ U.S. dollar(DOGEUSD)Function: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid Level:Details: Wave (II) may not be complete, price is likely to be below 0.076Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
This is a 5-wave retracement of wave (C), where we are in the final stages of wave Y, which is likely to test the 0.076 level. So the overall picture is a short-term retracement before another rally.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is below the MA200 indicating a Downtrend. The Wave Oscillator is a Bearish Momentum.Elliott Wave Analysis TradingLounge 4hr ChartDogecoin/ U.S. dollar(DOGEUSD)Function: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid Level:Details: Wave (II) may not be complete, price is likely to be below 0.076Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
This is a 5-wave retracement of wave (C), where we are in the final stages of wave Y, which is likely to test the 0.076 level. So the overall picture is a short-term retracement before another rally.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators:
The price is below the MA200 indicating Downtrend. The Wave Oscillator is a Bearish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.comMore By This Author:
Elliott Wave Technical Analysis: Dogecoin Crypto Price News For Thursday, Oct 10
