23Jan

Polkadot/U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 23 January 24

Ranjeet | 23 Jan, 2024 | Polkadot, DOTUSD, U.S. dollar, DOT Crypto, Polkadot and U.S. dollar, Polkadot / U.S. dollar, Crypto Analysis, Elliott Wave, Technical Analysis, Elliott Wave Analysis, Crypto, Trading Strategy, Crypto Trading | Cryptocurrencies | 0 Comments | Return|

Elliott Wave Analysis TradingLounge Daily Chart, 23 January 24,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave A

Direction Next higher Degrees: wave (II) of Impulse

Wave Cancel invalid level: 3.566

Details: Wave (II) is Equal to 61.8% of wave (I) at 5.826

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot's rise appears to have ended at the 9.585 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.

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!

Previous: UNIUSD

DOTUSD-Day-Crypto-Ch...

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 23 January 24,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave A

Direction Next higher Degrees: wave (II) of Impulse

Wave Cancel invalid level: 3.566

Details: Wave (II) is Equal to 61.8% of wave (I) at 5.826

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot's rise appears to have ended at the 9.585 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.

Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.

DOTUSD-4Hr-Crypto-Ch...

Related

AAVEUSD Elliott Wave Analysis: Technical Insights, Price Predictions, Bullish Trends, and Strategies for Smarter Crypto Trading

AAVEUSD Elliott Wave Analysis: Technical Insights, Price Predictions, Bullish Trends, and Strategies for Smarter Crypto Trading

Ranjeet | 0 Comments

This article provides an in-depth AAVEUSD Elliott Wave analysis, covering technical insights, price ...

Read More >
XRP Price Prediction: Elliott Wave Signals Bullish Breakout to $3.88 with Key Fibonacci Zones for Swing Trade Opportunities

XRP Price Prediction: Elliott Wave Signals Bullish Breakout to $3.88 with Key Fibonacci Zones for Swing Trade Opportunities

Ranjeet | 0 Comments

Analyse XRP's Elliott Wave setup with forecasts showing a bullish breakout to $3.88. Includes Fi...

Read More >
Polkadot Elliott Wave Technical Forecast: DOT Crypto Price Set for Reversal as Wave 2 Nears Completion with Strong Wave 3 Ahead

Polkadot Elliott Wave Technical Forecast: DOT Crypto Price Set for Reversal as Wave 2 Nears Completion with Strong Wave 3 Ahead

Ranjeet | 0 Comments

Polkadot (DOT) is in a wave 2 correction phase, with potential bullish reversal near $3.62–$3.94. E...

Read More >
U.S. Dollar / Swiss Franc (USDCHF) Elliott Wave Forecast: Ongoing Wave 4 Correction Signals Bearish Wave 5 Setup Below 0.89168 Invalidation Threshold

U.S. Dollar / Swiss Franc (USDCHF) Elliott Wave Forecast: Ongoing Wave 4 Correction Signals Bearish Wave 5 Setup Below 0.89168 Invalidation Threshold

Ranjeet | 0 Comments

USDCHF Elliott Wave analysis covers both daily and 4-hour charts, confirming a corrective Wave 4 wit...

Read More >
Unlocking Elliott Wave Technical Analysis of Gold Commodity: A Comprehensive Guide to Price Trends and Investment Strategies

Unlocking Elliott Wave Technical Analysis of Gold Commodity: A Comprehensive Guide to Price Trends and Investment Strategies

Ranjeet | 0 Comments

This article offers an in-depth look at the gold commodity market, providing readers with a detailed...

Read More >
Spotify (SPOT) U.S. Stocks Elliott Wave Technical Analysis shows Completion and Ending Diagonal Breakout — Potential Bullish Reversal

Spotify (SPOT) U.S. Stocks Elliott Wave Technical Analysis shows Completion and Ending Diagonal Breakout — Potential Bullish Reversal

Ranjeet | 0 Comments

Spotify’s SPOT shows a near-complete Wave iv correction on daily and 1‑hour charts. Look for an en...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE

Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Quick Links

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on