Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartPolkadot/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave ((1))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid level:Details: The increase in Wave 1 before the correction in Wave 2.Polkadot/ U.S. dollar(DOTUSD)Trading Strategy:
The wave 1 rally seems to be over, so watch out for a wave 2 correction. The price remains in an uptrend and we are looking for a re-trend.Polkadot/ U.S. dollar(DOTUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge 4hr ChartPolkadot/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave ((1))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid level:Details: The increase in Wave 1 before the correction in Wave 2.Polkadot/ U.S. dollar(DOTUSD)Trading Strategy:
The wave 1 rally seems to be over, so watch out for a wave 2 correction. The price remains in an uptrend and we are looking for a re-trend.Polkadot/ U.S. dollar(DOTUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.comMore By This Author:Elliott Wave Strategies SP500, Nasdaq 100, AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA, BITCOIN
Eicher Motors Stock – Elliott Wave Technical Analysis
Unlocking ASX Trading Success: QBE Insurance Group Limited
