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Dogecoin (DOGEUSD) Crypto Price News Today Elliott Wave Technical Analysis By Tradinglounge

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Elliott Wave Analysis – TradingLounge Daily Chart
Dogecoin / U.S. Dollar (DOGEUSD)
DOGEUSD – Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Direction (Next Higher Degrees): Pending
Invalidation Level: Pending
Dogecoin / U.S. Dollar (DOGEUSD) – Trading Strategy
Overview:
Wave (2) completed between 0.16113–0.16525 as a Zigzag correction. The price has now moved into the final phase of wave 3, which includes five sub-waves. A short-term retracement could occur, targeting 0.22363.
Trading Strategies:
✅ Swing Trade Strategy (Short-Term Traders):
Watch for the end of wave 5 near 0.2236 and consider booking partial profits.
Monitor for signs of divergence or weakening momentum near this level to prepare for wave (4) correction.
🟥 Invalidation Point:
The uptrend structure is invalidated if the price falls below 0.18000.

Elliott Wave Analysis – TradingLounge H4 Chart
Dogecoin / U.S. Dollar (DOGEUSD)
DOGEUSD – Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Direction (Next Higher Degrees): Pending
Invalidation Level: Pending
DOGEUSD – Trading Strategy Recap (H4 Chart)
Overview:
Wave (2) ended between 0.16113–0.16525, following a Zigzag structure. Price is in the latter part of wave 3, expected to peak around 0.22363.
Trading Strategies:
✅ Swing Trade Strategy (Short-Term):
Consider profit-taking as wave 5 concludes near 0.2236.
Watch for divergence or slowing momentum as possible signals to prepare for a correction wave.
🟥 Invalidation Level:
The structure becomes invalid if the price dips below 0.18000.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
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The material does not contain (and should not be construed as containing) personal financial or investment advice or other recommendations, or an offer of, or solicitation for, a transaction in any financial instrument. The information does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Tradinglounge accepts no responsibility for any use that may be made of these comments and for any consequences that result.
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