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


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Elliott Wave Analysis TradingLounge Daily Chart, 7 September 23, 

Polkadot/U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: counter Trend

Mode: Corrective

Structure: Zigzag 

Position: Wave B

Direction Next higher Degrees: wave (Y) of Double Corrective

Wave Cancel invalid level: 4.20

Details: We still want two moved so that Zigzag is complete

Polkadot/U.S. dollar(DOTUSD) Trading Strategy: The continuing downtrend in Wave ((5)) of the Diagonal Pattern, which has a trend falling to 3.279, Also the price below MA200 makes to  

pressured by sales force, So we still look find a moved Down

Polkadot/U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, MACD and RSI bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

DOTDay.thumb.png.d2a2e88af9c265127ea343a3ae50b797.png

 

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

Polkadot/U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: counter Trend

Mode: Corrective

Structure: Zigzag 

Position: Wave B

Direction Next higher Degrees: wave (Y) of Double Corrective

Wave Cancel invalid level: 4.20

Details: We still want two moved so that Zigzag is complete

Polkadot/U.S. dollar(DOTUSD)Trading Strategy: The Corrective of Zigzag We still want two moves for a Zigzag complete In the rising of wave B and falling in wave C, So the outlook still a downtrend and the price has a trend fall below 4.1355

Polkadot/U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, MACD and RSI bearish momentum.

DOTH4.thumb.png.d6859282514894ea67cbd93834dae7b7.png

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