DOGEUSD Elliott Wave Technical Analysis 28 November 2022
4 Hour
Dogecoin (DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave B
Direction Next higher Degrees: wave (Y) of Double Corrective
Details: Wave B retraces in a zigzag pattern at the end, and prices will drop again in wave C.
Wave Cancel invalid Level: 0.1581
Dogecoin (DOGEUSD) Trading Strategy: The structure in the larger image is reduced with a double corrective pattern in the lower (Y) wave, but because the internal sub-wave of the wave is not yet complete. Overall, there is a chance that the rate will continue to decrease.
Dogecoin (DOGEUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The Wave oscillator above Zero-Line Momentum is bullish
Daily
Dogecoin (DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave B
Direction Next higher Degrees: wave (Y) of Double Corrective
Details: Wave B retraces in a zigzag pattern at the end, and prices will drop again in wave C.
Wave Cancel invalid Level: 0.1581
Dogecoin (DOGEUSD) Trading Strategy: The structure in the larger image is reduced with a double corrective pattern in the lower (Y) wave, but because the internal sub-wave of the wave is not yet complete. Overall, there is a chance that the rate will continue to decrease.
Dogecoin (DOGEUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The Wave oscillator below Zero-Line Momentum is bearish
