13Feb
DOGEUSD Elliott Wave Technical Analysis February 14 2023
DOGEUSD Elliott Wave Technical Analysis February 14 2023
4Hour
Dogecoin /U.S.dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave 5
Direction Next higher Degrees: wave (1) of Motive
Details: Wave 5 usually equals wave 1
Wave Cancel invalid Level: 0.1
Dogecoin /U.S.dollar(DOGEUSD) Trading Strategy: DogeCoin is still in a bearish price structure in a Zigzag pattern which is now developing in wave C. It is likely to trade below 0.060 but since it is the first drop in wave C, price may pull back to retest the 200 MA.
Dogecoin /U.S.dollar(DOGEUSD) Technical Indicators: The price is below the MA200 indicating a Down Trend. The wave oscillators Below Zero-Line momentum are bearish
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 (Y) of Double Corrective
Details: Corrective trend end, and the price declines again
Wave Cancel invalid Level: 0.1
Dogecoin /U.S.dollar(DOGEUSD) Trading Strategy: DogeCoin is still in a bearish price structure in a Zigzag pattern which is now developing in wave C. It is likely to trade below 0.060 but since it is the first drop in wave C, price may pull back to retest the 200 MA.
Dogecoin /U.S.dollar(DOGEUSD) Technical Indicators: The price is below the MA200 indicating a Down Trend. The wave oscillators Below Zero-Line momentum are bearish
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