Polkadot (DOTUSD) Elliott Wave Technical Analysis 11 October 2022

tradinglounge · 2022-10-11T01:50:27+0000

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.

By tradinglounge,
October 11, 2022 in Cryptocurrency and Blockchain

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Polkadot (DOTUSD) Elliott Wave Technical Analysis 11 October 2022

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