DOTUSD Elliott Wave Analysis - TradingLounge Daily Chart
Polkadot/U.S. Dollar (DOTUSD) Day Chart Analysis
DOTUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave C
Direction Next Higher Degrees: Wave (II) of Impulse
Wave Cancel Invalid Level: Not specified
Details: Wave II is equal to 61.8% of Wave I at 5.225
Polkadot/U.S. Dollar (DOTUSD) Trading Strategy:
Polkadot remains in a correction phase. Currently in wave (II) with a double corrective pattern, anticipating a short-term pullback before an upward movement in wave (III). Awaiting the correction's completion to rejoin the uptrend.
Polkadot/U.S. Dollar (DOTUSD) Technical Indicators:
- The price is below the MA200, indicating a downtrend.
- The Wave Oscillator shows bearish momentum.
DOTUSD Elliott Wave Analysis - TradingLounge H4 Chart
Polkadot/U.S. Dollar (DOTUSD) 4-Hour Chart Analysis
DOTUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave C
Direction Next Higher Degrees: Wave (II) of Impulse
Wave Cancel Invalid Level: Not specified
Details: Wave II is equal to 61.8% of Wave I at 5.225
Polkadot/U.S. Dollar (DOTUSD) Trading Strategy:
Polkadot remains in a correction phase. Currently in wave (II) with a double corrective pattern, anticipating a short-term pullback before an upward movement in wave (III). Awaiting the correction's completion to rejoin the uptrend.
Polkadot/U.S. Dollar (DOTUSD) Technical Indicators:
- The price is below the MA200, indicating a downtrend.
- The Wave Oscillator shows bearish momentum.
Technical Analyst: Kittiampon Somboonsod
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