Overall, the correction in DOTUSD is entering its final phase in Wave C, likely testing the 5.245 level before rising again in Wave 3. Wait for the correction to complete before joining the uptrend again.DOT/ U.S. dollar(DOTUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.
Elliott Wave Analysis TradingLounge H4 ChartDOT/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 4Direction Next higher Degrees: wave C of FlatWave Cancel invalid level: Details: A short-term pullback in wave 4 before falling again in wave 5.DOT/ U.S. dollar(DOTUSD)Trading Strategy:
Overall, the correction in DOTUSD is entering its final phase in Wave C, likely testing the 5.245 level before rising again in Wave 3. Wait for the correction to complete before joining the uptrend again.DOT/ U.S. dollar(DOTUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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