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Elliott Wave Analysis TradingLounge Daily Chart, 1 December 23,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 1

Direction Next higher Degrees: wave (1) of Impulse

Wave Cancel invalid level:

Details: Wave 1 may have ended and prices are entering. Correction in Wave 2

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: The rise in wave (1) appears to have ended at the 5.876 level and the price is entering a correction period in wave (2), where the retracement of wave (2) is usually at .50 or .618 x volatility. Long Wave (1) Therefore, Theta Token's trend is still up. A reversal is just a correction to continue the wave (3).

Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 1 December 23,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 1

Direction Next higher Degrees: wave (1) of Impulse

Wave Cancel invalid level:

Details: Wave 1 may have ended and prices are entering. Correction in Wave 2

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: The rise in wave (1) appears to have ended and the price is entering a correction period in wave (2), where the retracement of wave (2) is usually at .50 or .618 x volatility. Long Wave (1) Therefore, Theta Token's trend is still up. A reversal is just a correction to continue the wave (3).

Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

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