Dogecoin DOGE (DOGE-USD) Price Chart Analysis

DOGEUSD Elliott Wave Technical Analysis June 30 2023

4Hour

Dogecoin/U.S.dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend    
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 6.717800
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))
Wave Cancel invalid Level:  0.1048

Dogecoin/U.S.dollar(DOGEUSD)Trading Strategy: The trend remains in bear market control. As the price structure in the downtrend has not yet ended in line with the price still below the MA200 line, the price is likely to continue falling. The increase could be just a short-term pullback.

Dogecoin/U.S.dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are  bearish momentum

Daily

Dogecoin/U.S.dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend    
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 6.717800
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))
Wave Cancel invalid Level:  0.1048

Dogecoin/U.S.dollar(DOGEUSD)Trading Strategy: The trend remains in bear market control. As the price structure in the downtrend has not yet ended in line with the price still below the MA200 line, the price is likely to continue falling. The increase could be just a short-term pullback.

Dogecoin/U.S.dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are  bearish momentum