Polkadot (DOTUSD) Elliott Wave Technical Analysis 11 October 2022

[tradinglounge]

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: The decrease in wave (5) tends to equal the thrust behind the triangular pattern at the

5.603 level.

Wave Cancel invalid level: 6.54

Polkadot (DOTUSD) Trading Strategy: still in a downtrend The decline in wave (5) is likely

to equal the momentum behind the triangle pattern at the 5.603 level. This could be a

short-term trading opportunity in a downtrend.

Polkadot (DOTUSD)Technical Indicators: The price is below the MA50 and MA200 lines,

MACD is below the Zero line, and the trend is bearish.

 

 

 

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: The decrease in wave (5) tends to equal the thrust behind the triangular pattern at the

5.603 level.

Wave Cancel invalid level: 6.54

Polkadot (DOTUSD)Trading Strategy: still in a downtrend The decline in wave (5) is likely

to equal the momentum behind the triangle pattern at the 5.603 level. This could be a

short-term trading opportunity in a downtrend.

Polkadot (DOTUSD)Technical Indicators: The price is below the MA50 and MA200 lines,

MACD is below the Zero line, and the trend is bearish.