05Nov
DOGEUSD Elliott Wave Technical Analysis 06 November 2022
Elliott Wave Analysis TradingLounge Daily Chart, 6 November 2022
4 Hour
Dogecoin (DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Sideway
Position: Wave 4
Direction Next higher Degrees: wave I of Motive
Details: The reduction of wave 4 is usually .382 x the length of wave 3.
Wave Cancel invalid Level: 0.07
Dogecoin (DOGEUSD) Trading Strategy: The price tends to move sideways in the
retracement of wave 4. In most cases wave 4 reverses .382 x wave 3 lengths, so it may be
necessary to wait for wave 4 to end to rejoin the uptrend.
Dogecoin (DOGEUSD) Technical Indicators: MACD ้has a bearish divergence MACD
Histogram below Zero-Linea slowdown in the uptrend
Daily
Dogecoin (DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Sideway
Position: Wave 4
Direction Next higher Degrees: wave I of Motive
Details: The reduction of wave 4 is usually .382 x the length of wave 3.
Wave Cancel invalid Level: 0.07
Dogecoin (DOGEUSD)Trading Strategy: The price tends to move sideways in the
retracement of wave 4. In most cases, wave 4 reverses .382 x wave 3 length, so it may be
necessary to wait for wave 4 to end to rejoin the uptrend.
Theta Token(THETAUSD) Technical Indicators: MACD and MACD Histogram above
Zero-Line the price has bullish momentum
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