#Elliottwave #DOGEUSD #Dogecoin #Cryptocurrency
Dogecoin (DOGEUSD) Daily Chart, 6 November 2022,
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
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