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Elliott Wave Analysis TradingLounge Daily Chart, 19 October 23, 
Polkadot/U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: counter Trend
Mode: Corrective
Structure: Zigzag 
Position: Wave B
Direction Next higher Degrees: wave ((5)) of Diagonal
Wave Cancel invalid level: 4.20
Details: the fall not complete, decline .in wave ((5))

Polkadot/U.S. dollar(DOTUSD)Trading Strategy: Wave 5's decline appears to be nearing its end, with Wave 5 providing early warning of a correction or trend change. And we are waiting for a five-wave rally above 3.9076 to support this idea.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
source : Tradinglounge.com

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Elliott Wave Analysis TradingLounge 4H Chart, 19 October 23,  
Polkadot/U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Diagonal
Position: Wave ((5))
Direction Next higher Degrees: wave V of Impulse
Wave Cancel invalid level:
Details: the fall not complete, decline .in wave ((5))

Polkadot/U.S. dollar(DOTUSD)Trading Strategy:  Wave 5's decline appears to be nearing its end, with Wave 5 providing early warning of a correction or trend change. And we are waiting for a five-wave rally above 3.9076 to support this idea.

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

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