03May
DOGEUSD Elliott Wave Technical Analysis May 04 2023
DOGEUSD Elliott Wave Technical Analysis May 04 2023
4Hour
Dogecoin /U.S.dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave C of Zigzag
Wave Cancel invalid Level: 0.1048
Details: Wave ((3)) is usually equal to 1.618 multiplied Length of wave ((1))
Dogecoin /U.S.dollar(DOGEUSD)Trading Strategy: There is additional downside risk of wave (3) impulse and aligns with prices below the MA200 line which provides an overview of the downtrend, looking for confirmation below the 0.0754 level.
Dogecoin /U.S.dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend MACD and RSI are Bullish Momentum
Daily
Dogecoin /U.S.dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: wave (Y) of Double corrective
Wave Cancel invalid Level: 0.1048
Details: : The price is likely to trade below 0.0491.
Dogecoin /U.S.dollar(DOGEUSD)Trading Strategy: There is additional downside risk of wave (3) impulse and aligns with prices below the MA200 line which provides an overview of the downtrend, looking for confirmation below the 0.0754 level.
Dogecoin /U.S.dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend MACD and RSI are Bearish Momentum
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