Elliott Wave Analysis TradingLounge Daily Chart, 19 October 23,
Polkadot/U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave B
Direction Next higher Degrees: wave ((5)) of Diagonal
Wave Cancel invalid level: 4.20
Details: the fall not complete, decline .in wave ((5))
Polkadot/U.S. dollar(DOTUSD)Trading Strategy: Wave 5's decline appears to be nearing its end, with Wave 5 providing early warning of a correction or trend change. And we are waiting for a five-wave rally above 3.9076 to support this idea.
Polkadot/U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, RSI is a Bearish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H Chart, 19 October 23,
Polkadot/U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Diagonal
Position: Wave ((5))
Direction Next higher Degrees: wave V of Impulse
Wave Cancel invalid level:
Details: the fall not complete, decline .in wave ((5))
Polkadot/U.S. dollar(DOTUSD)Trading Strategy: Wave 5's decline appears to be nearing its end, with Wave 5 providing early warning of a correction or trend change. And we are waiting for a five-wave rally above 3.9076 to support this idea.
Polkadot/U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, RSI is a Bearish Momentum.
