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


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Elliott Wave Analysis TradingLounge Daily Chart, 3 April 23,  

Polkadot/U.S.dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Motive

Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 9.9455

Wave Cancel invalid level: 5.1566

Polkadot/U.S.dollar(DOTUSD)Trading Strategy: DOT is recovering well. And we expect wave ((2)) to end at the 5.15 level. Five rising waves from this point and a breakout of the MA200 line will support this idea. The price is likely to trade above the 9.89 level in waves ((3)).

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, CEWA

 

DOTDay.thumb.png.0edce5502bd57472a0db9a39be60ad20.png

 

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

Polkadot/U.S.dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Motive

Details: Wave 3 equals 1.618 multiplied Length of wave 1 

Wave Cancel invalid level: 5.1566

Polkadot/U.S.dollar(DOTUSD)Trading Strategy: DOT is recovering well. And we expect wave ((2)) to end at the 5.15 level. Five rising waves from this point and a breakout of the MA200 line will support this idea. The price is likely to trade above the 9.89 level in waves ((3)).

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

DOTH4.thumb.png.cf998369bfda9fac3a71a6c163804b2a.png

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