DOTUSD Elliott Wave Analysis – TradingLounge Daily Chart
Polkadot/U.S. Dollar (DOTUSD) Daily Chart Analysis
DOTUSD Elliott Wave Technical Analysis
Function: Trend Continuation
Mode: Motive
Structure: Impulse
Current Wave Position: Wave 3
Next Higher Degree Direction: Uptrend
Wave Cancel Invalid Level: Below Support Zone
DOTUSD Trading Strategy – Daily Chart
Polkadot (DOT) shows a bullish momentum, signaling the start of wave III after completing wave II as a Zigzag correction within the 50%–61.8% Fibonacci retracement zone. A confirmed breakout above the Bullish Level underscores a strong impulsive phase, consistent with Elliott Wave Theory's expectations for wave III. The immediate target price stands at $6.17. Traders are advised to align long entry positions with this advancing wave count to capitalize on DOT's potential upside.
Trading Strategies
Primary Strategy
✅ Swing Traders (Short-Term)
Entry Signal: A confirmed breakout above $4.40 (Bullish Level) suggests the beginning of wave III.
Risk Management
🟥 Stop Level: A drop below the red invalidation zone voids the current Elliott Wave structure.
DOTUSD Elliott Wave Analysis – TradingLounge H4 Chart
Polkadot/U.S. Dollar (DOTUSD) H4 Chart Analysis
DOTUSD Elliott Wave Technical Analysis
Function: Trend Continuation
Mode: Motive
Structure: Impulse
Current Wave Position: Wave 3
Next Higher Degree Direction: Uptrend
Wave Cancel Invalid Level: Below Support Zone
DOTUSD Trading Strategy – H4 Chart
DOTUSD continues its upward trend following a Zigzag correction completing wave II near a significant Fibonacci support area (50%–61.8%). The price has clearly broken above the Bullish Level, confirming the progression into wave III. With a projected short-term price target of $6.17, traders can utilize this structure to plan strategic buy entries in alignment with the broader bullish wave.
Trading Strategies
Primary Strategy
✅ Swing Traders (Short-Term)
Entry Signal: A break above the $4.40 Bullish Level affirms wave III’s start.
Risk Management
🟥 Stop Level: A decline beneath the red invalidation line nullifies the wave projection.
Technical Analyst: Kittiampon Somboonsod, CEWA
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