DOGEUSD Elliott Wave Technical Analysis March 04 2023
4Hour
Dogecoin/U.S.dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Triangle
Position: Wave E
Direction Next higher Degrees: wave (Y) of Double Corrective
Details: Sideways movement of the triangle pattern. when finished The price will go down again in wave C
Wave Cancel invalid Level: 0.1
Dogecoin/U.S.dollar(DOGEUSD)Trading Strategy: Dogecoin is still in a bearish trend in a Double Corrective pattern, in the final series in wave (Y), we believe it is likely to trade below 0.06401.
Dogecoin/U.S.dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. 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 B
Direction Next higher Degrees: wave (Y) of Double Corrective
Details: Wave C is equal to wave A at 0.00656
Wave Cancel invalid Level: 0.1
Dogecoin/U.S.dollar(DOGEUSD)Trading Strategy: Dogecoin is still in a bearish trend in a Double Corrective pattern, in the final series in wave (Y), we believe it is likely to trade below 0.06401.
Dogecoin/U.S.dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish
