Elliott Wave Analysis TradingLounge Daily Chart, 15 December 23,
Polkadot / U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: wave ((1)) of Impulse
Wave Cancel invalid level:
Details: Wave 3 is equal to 161.8% of wave 1 at 8.623
Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot in the Uptrend Structure Impulse Wave 3 Rise is still missing two more moves to complete Wave 3. Therefore, we are still looking at the Wave 3 price target at 161.8% of Wave 1(8.623).
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, 15 December 23,
Polkadot / U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Direction Next higher Degrees: wave (3) of Impulse
Wave Cancel invalid level:
Details: the five-wave increase of wave (3)
Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot in the Uptrend Structure Impulse Wave 3 Rise is still missing two more moves to complete Wave 3. Therefore, we are still looking at the Wave 3 price target at 161.8% of Wave 1(8.623).
Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
