DOGEcoin Is Trading In A Higher Degree Corrective Phase

Today we will talk about DOGEUSD, its price action from technical point of view and wave structure from Elliott Wave perspective.DogeCoin has been very popular for the last couple of weeks, but looking at the bigger picture, we can see a completed five-wave cycle from the lows. And, if you are familiar with Elliott Waves, then you know that after every five waves, a three-wave A-B-C pullback follows, which according to the textbook pattern, usually retrace back to the previous wave (4) swing low.

As you can see, there’s still room down to ideal 0.020-0.03 support level considering that wave C is still missing, so we may have to wait more time before new opportunity on the long side may show up.



Check more of our analysis in members-research, and test our services for 7 days. Visit EW-Forecast for details!

Read Full Article


Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here