Jump to content

Polkadot/U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 7 August 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 7 August 23,  

Polkadot/U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Flat

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Motive

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Wave Cancel invalid level: 4.26

Polkadot/U.S. dollar(DOTUSD)Trading Strategy: we considering the Corrective of wave ((2)) green which usually retracement between 50 - 61.8% of Wave ((1)), When wave ((2)) End the price increase again in wave ((3)) and the price rising above 5.228 is a signal for the new uptrend.

Polkadot/U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator are Bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com get trial here!

DOTDay.thumb.png.c82e1ea228572967adc591a7b684f32b.png

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 7 August 23,  

Polkadot/U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Flat

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Motive

Details: We are considering ending wave ((2)) from rising above 5.2288 level.

Wave Cancel invalid level: 4.26

Polkadot/U.S. dollar(DOTUSD)Trading Strategy: we considering the Corrective of wave ((2)) green which usually retracement between 50 - 61.8% of Wave ((1)), When wave ((2)) End the price increase again in wave ((3)) and the price rising above 5.228 is a signal for the new uptrend.

Polkadot/U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator are Bearish momentum.

DOTH4.thumb.png.6a732a335fba925a718a65f619d60d96.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
  • General Statistics

    • Total Topics
      22,982
    • Total Posts
      95,296
    • Total Members
      43,587
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    aroyi
    Joined 22/09/23 03:49
  • Posts

    • Additionally, you can explore SMM services, which offer the cheapest instagram comments and followers. This can expand your audience and drive traffic to your website through your Instagram page. By diversifying your approach, you can strengthen your online presence and attract more users to your site. 
    • Some indices in Asia saw a modest rebound, but the ASX200 and Nikkei continued to fall, following on from yet more heavy losses in the US. Stocks continue to take a battering from the realisation that the Fed would leave US rates at their current levels for a longer period than previously thought, leading to a reversal in equities and a resumption of the losses seen in the early part of September. Today's data is dominated by flash PMIs from around the globe, in the wake of a Bank of Japan statement that left policy unchanged and maintained its dovish outlook. While US futures have recovered slightly, European markets seem set for a choppy open.  
    • Howw? What's the cirteria? Sorry, I was out of the market because of my exam! 🥲
×
×
  • Create New...
us