Elliott Wave Analysis TradingLounge Daily Chart,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

position: Wave ((Y))

Direction Next higher Degrees: wave II

Wave Cancel invalid level: 

Details: The decline of wave Y is likely to end and the price is re-entering the uptrend.

Polkadot / U.S. dollar(DOTUSD)Trading Strategy:

It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend.

Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Elliott Wave Analysis TradingLounge H4 Chart,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

position: Wave ((Y))

Direction Next higher Degrees: wave II

Wave Cancel invalid level: 

Details: the Decline of wave II Beware, a drop below 3.566 will break the uptrend.

Polkadot / U.S. dollar(DOTUSD)Trading Strategy:

It looks like the wave 2 correction is complete and the price is still likely to move up. Look for an opportunity to join the wave 3 uptrend.

Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Technical Analyst : Kittiampon Somboonsod

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