20Apr
DOGEUSD Elliott Wave Technical Analysis April 20 2023
DOGEUSD Elliott Wave Technical Analysis April 20 2023
4Hour
Dogecoin /U.S.dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: Wave ((2)) of Motive
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: Wave((2)) retracement at a satisfactory level. We expect trading below 0.0804 and 0.0626 respectively in waves((3)), and a five-wave decline will confirm this idea.
Dogecoin /U.S.dollar(DOGEUSD)technical Indicators: The price is above the MA200 indicating an UpTrend The wave oscillators above Zero-Line momentum are Bullish
Daily
Dogecoin /U.S.dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Combined
Position: Wave (Y)
Direction Next higher Degrees: Wave B or 2
Details: The reduction is still not over. The price is likely to trade below 0.0491.
Wave Cancel invalid Level:
Dogecoin /U.S.dollar(DOGEUSD)Trading Strategy: Wave((2)) retracement at a satisfactory level. We expect trading below 0.0804 and 0.0626 respectively in waves((3)), and a five-wave decline will confirm this idea.
Dogecoin /U.S.dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend The wave oscillators above Zero-Line momentum are Bullish
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