Elliott Wave Technical Analysis - Polkadot Crypto Price News Today

Elliott Wave Analysis TradingLounge

DOT/ 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 corrective of wave 2 May is ending and the price increase again in wave 3.

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

Overview DOTUSD remains in an uptrend, likely to surge sharply from the third wave surge, so look for opportunities to join the uptrend from a short-term pullback.

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

Crypto24.thumb.png.eede4f843e96235c8d4575f327f17d3c.png

DOT/ U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave (c)

Direction Next higher Degrees: wave 3 of Impulse

Wave Cancel invalid level:

Details: the corrective of wave 2 May is ending and the price increase again in wave 3.

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

Overview DOTUSD remains in an uptrend, likely to surge sharply from the third wave surge, so look for opportunities to join the uptrend from a short-term pullback.

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

Crypto24(1).thumb.png.a05754025ce012ea52b95d7e9ceaf539.png

Technical Analyst: Kittiampon Somboonsod


More By This Author:

Unlocking ASX Trading Success: Wesfarmers Limited
Natural Gas Commodity Elliott Wave Technical Analysis - Friday, November 22
Visa Inc. Stocks Elliott Wave Technical Analysis - Friday, November 22

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with