Jump to content

Polkadot /U.S.dollar(DOTUSD) Elliott Wave Technical Analysis 3 February 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 3 February 23,

Polkadot /U.S.dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((1))

Direction Next higher Degrees: wave I of Motive

Wave Cancel invalid level: 4.23

Polkadot /U.S.dollar(DOTUSD) Trading Strategy: The rise of the first wave in an uptrend, upon completion, the price will retrace again in the second wave, but must not retrace more than 100% of the first wave. Gives us the opportunity to join the trend again. Wait for the second wave to finish.

Polkadot /U.S. dollar (DOTUSD)Technical Indicators: The price is below the MA200 indicating a downtrend. The wave oscillators above Zero-Line momentum are bullish.

TradingLounge Analyst: Kittiampon Somboonsod

 

405510167_DOTDay.thumb.png.c4c640cccf62339beef298cb5b979488.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 3 February 23,

Polkadot /U.S.dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: Wave (C)

Direction Next higher Degrees: wave I of Motive

Wave Cancel invalid level: 4.23

 

Polkadot /U.S.dollar(DOTUSD)Trading Strategy: The rise of the first wave in an uptrend, upon completion, the price will retrace again in the second wave, but must not retrace more than 100% of the first wave. Gives us the opportunity to join the trend again. Wait for the second wave to finish.

Polkadot /U.S.dollar(DOTUSD)Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum.

909413206_DOTH4.thumb.png.dc635d4e683813c5c134460ed92e7730.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...
us