Elliott Wave Technical Analysis: Polkadot, Oct.11,

Polkadot (DOT-X)

DOTUSD Elliott Wave Technical Analysis

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Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher degrees: Wave ((5)) of Motive

Details: The decrease in wave (5) tends to equal the thrust behind the triangular pattern at the 5.603 level.

Wave Cancel invalid level: 6.54

Polkadot (DOTUSD) Trading Strategy: Still in a downtrend. The decline in wave (5) is likely

to equal the momentum behind the triangle pattern at the 5.603 level. This could be a short-term trading opportunity in a downtrend.

Polkadot (DOTUSD)Technical Indicators: The price is below the MA50 and MA200 lines, MACD is below the Zero line, and the trend is bearish.

Polkadot (DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher degrees: Wave ((5)) of Motive

Details: The decrease in wave (5) tends to equal the thrust behind the triangular pattern at the 5.603 level.

Wave Cancel invalid level: 6.54

Polkadot (DOTUSD)Trading Strategy: Still in a downtrend. The decline in wave (5) is likely to equal the momentum behind the triangle pattern at the 5.603 level. This could be a

short-term trading opportunity in a downtrend.

Polkadot (DOTUSD)Technical Indicators: The price is below the MA50 and MA200 lines, MACD is below the Zero line, and the trend is bearish.


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