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Polkadot/U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 15 August 23

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Elliott Wave Analysis TradingLounge Daily Chart, 15  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 5.219 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!






Elliott Wave Analysis TradingLounge 4H Chart, 15   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 5.219 level.
Wave Cancel invalid level: 4.842

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 5.219 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.77d91f5c4bc3fe7f3786ffe18eef56a3.png

DOT Day.png

DOT H4.png

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