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Polkadot (DOTUSD) Elliott Wave Technical Analysis 5 October 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 5 October 2022,

Polkadot (DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher degrees: Wave ((5)) of Motive

Details: Final decline of the fifth wave

Wave Cancel invalid level:

Polkadot (DOTUSD)Trading Strategy: Bear Market Efforts The price tends to trade

below 5.98, which could be an opportunity to open a short position. but must not pullback

above 6.78

Polkadot (DOTUSD)Technical Indicators: The price is below the MA200, and

MASO line. momentum is bearish.

Tradinglounge Analyst Kittiampon Somboonsod

 

1800753193_DOTDay.thumb.png.86a16e47446bdfe23bcc3c77aca7925a.png

 

 

Polkadot (DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher degrees: Wave ((5)) of Motive

Details: Final decline of the fifth wave

Wave Cancel invalid level:

Polkadot (DOTUSD)Trading Strategy: Bear Market Efforts The price tends to trade

below 5.98, which could be an opportunity to open a short position. but must not pullback

above 6.78

Polkadot (DOTUSD)Technical Indicators: The price is below the MA200, and

MASO line. momentum is bearish.

1503914751_DOTH4.thumb.png.53b79d8fecd3e88cc3de4dcfe04f3e47.png

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