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


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Elliott Wave Analysis TradingLounge Daily Chart, 15 December 23,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((1)) of Impulse

Wave Cancel invalid level:

Details: Wave 3 is equal to 161.8% of wave 1 at 8.623

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot in the Uptrend Structure Impulse Wave 3 Rise is still missing two more moves to complete Wave 3. Therefore, we are still looking at the Wave 3 price target at 161.8% of Wave 1(8.623).

Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

f6216789bd0f79e1fe10cfcc71436291

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 15 December 23,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 3

Direction Next higher Degrees: wave (3) of Impulse

Wave Cancel invalid level:

Details: the five-wave increase of wave (3)

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot in the Uptrend Structure Impulse Wave 3 Rise is still missing two more moves to complete Wave 3. Therefore, we are still looking at the Wave 3 price target at 161.8% of Wave 1(8.623).

Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

 

fcc625006e53077f773cf6d311d58ca0

 

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On 15/12/2023 at 09:50, tradinglounge said:

Elliott Wave Analysis TradingLounge Daily Chart, 15 December 23,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((1)) of Impulse

Wave Cancel invalid level:

Details: Wave 3 is equal to 161.8% of wave 1 at 8.623

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot in the Uptrend Structure Impulse Wave 3 Rise is still missing two more moves to complete Wave 3. Therefore, we are still looking at the Wave 3 price target at 161.8% of Wave 1(8.623).

Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

f6216789bd0f79e1fe10cfcc71436291

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 15 December 23,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 3

Direction Next higher Degrees: wave (3) of Impulse

Wave Cancel invalid level:

Details: the five-wave increase of wave (3)

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot in the Uptrend Structure Impulse Wave 3 Rise is still missing two more moves to complete Wave 3. Therefore, we are still looking at the Wave 3 price target at 161.8% of Wave 1(8.623).

Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

 

fcc625006e53077f773cf6d311d58ca0

 

Thanks for the detailed TA but ,will grab it after this retracement.... Don't wanna catch the falling knives 😑

IMG_20231220_072209.jpg

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