Elliott Wave Analysis TradingLounge Daily Chart
Pokadot/ U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave C
Direction Next higher Degrees: wave (II) of Impulse
Wave Cancel invalid level:
Details: Wave II Is equal to  61.8% of  Wave I at 5.225

Pokadot/ U.S. dollar(DOTUSD)Trading Strategy:
Second wave correction before rising again in the third wave with a flat pattern. The current status is a short-term pullback in wave B before falling again in wave C, so wait for the correction to complete to join the uptrend again.

Pokadot/ 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 H4 Chart
Pokadot/ U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow  Trend
Mode: Motive
Structure: Impulse
Position: Wave 4
Direction Next higher Degrees: wave C of Flat
Wave Cancel invalid level:
Details: A short-term pullback in wave 4 before falling again in wave 5.

Pokadot/ U.S. dollar(DOTUSD)Trading Strategy:
Second wave correction before rising again in the third wave with a flat pattern. The current status is a short-term pullback in wave B before falling again in wave C, so wait for the correction to complete to join the uptrend again.

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

(Click on image to enlarge)

(Click on image to enlarge)

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