Elliott Wave Analysis TradingLounge Daily Chart, 1 December 23,
Polkadot / U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 1
Direction Next higher Degrees: wave (1) of Impulse
Wave Cancel invalid level:
Details: Wave 1 may have ended and prices are entering. Correction in Wave 2
Polkadot / U.S. dollar(DOTUSD)Trading Strategy: The rise in wave (1) appears to have ended at the 5.876 level and the price is entering a correction period in wave (2), where the retracement of wave (2) is usually at .50 or .618 x volatility. Long Wave (1) Therefore, Theta Token's trend is still up. A reversal is just a correction to continue the wave (3).
Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H Chart, 1 December 23,
Polkadot / U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 1
Direction Next higher Degrees: wave (1) of Impulse
Wave Cancel invalid level:
Details: Wave 1 may have ended and prices are entering. Correction in Wave 2
Polkadot / U.S. dollar(DOTUSD)Trading Strategy: The rise in wave (1) appears to have ended and the price is entering a correction period in wave (2), where the retracement of wave (2) is usually at .50 or .618 x volatility. Long Wave (1) Therefore, Theta Token's trend is still up. A reversal is just a correction to continue the wave (3).
Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
