DOTUSD Elliott Wave Analysis - TradingLounge Daily Chart
DOT/USD (DOTUSD) Daily Chart Analysis
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: Not specified
Details: The decline in Wave Y appears to be concluding, with DOTUSD likely to re-enter its uptrend.
DOT/USD (DOTUSD) Trading Strategy
The Wave II correction seems to end, suggesting the price is re-aligning with the main uptrend. Traders should look for opportunities to re-enter positions aligned with the upward trend.
DOT/USD (DOTUSD) Technical Indicators
DOTUSD Elliott Wave Analysis - TradingLounge H4 Chart
DOT/USD (DOTUSD) 4-Hour Chart Analysis
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: Not specified
Details: The decline in Wave II is critical. Be cautious, as a drop below 3.566 could invalidate the current uptrend.
DOT/USD (DOTUSD) Trading Strategy
The Wave II correction appears to be concluding, with the price likely re-entering the main uptrend. Look for potential opportunities to re-join the upward trend.
DOT/USD (DOTUSD) Technical Indicators
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: Uniswap / U.S. Dollar (UNIUSD) Elliott Wave Technical Analysis
Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here
Access 7 Analysts Over 200 Markets Covered. Chat Room With Support
