#Dogecoin #DOGEUSD #Elliottwave #Analysis

Dogecoin (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 B retraces in a zigzag pattern at the end, and prices will drop again in wave C.
Wave Cancel invalid Level: 0.1581

Dogecoin (DOGEUSD) Trading Strategy: The Dogecoin price overview has a short-term rally in wave B due to the Elliott wave price structure and the price is above both the MA50 and MA200 lines, giving the price a chance to test the resistance area at the level of 0.12499. Likely to trade below 0.049

Dogecoin (DOGEUSD)Technical Indicators: The price is ฺabove the MA200 MA50, indicating an uptrend. The Wave oscillator above Zero-Line momentum is Positive