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Elliott Wave Analysis TradingLounge Daily Chart

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 I of Impulse

Wave Cancel invalid level:

Details: The increase in Wave 1 before the correction in Wave 2.

Polkadot/ U.S. dollar(DOTUSD)Trading Strategy:
The wave 1 rally seems to be over, so watch out for a wave 2 correction. The price remains in an uptrend and we are looking for a re-trend.

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

Elliott Wave Analysis TradingLounge 4hr Chart

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 I of Impulse

Wave Cancel invalid level:

Details: The increase in Wave 1 before the correction in Wave 2.

Polkadot/ U.S. dollar(DOTUSD)Trading Strategy:
The wave 1 rally seems to be over, so watch out for a wave 2 correction. The price remains in an uptrend and we are looking for a re-trend.

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

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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