Polkadot / U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 25 January 24

Elliott Wave Analysis TradingLounge Daily Chart, 25 January 24,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave A

Direction Next higher Degrees: wave (II) of Impulse

Wave Cancel invalid level: 3.566

Details: Wave (II) is Equal to 61.8% of wave (I) at 5.826

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot's rise appears to have ended at the 9.585 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.

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

Elliott Wave Analysis TradingLounge 4H Chart, 25 January 24,

Polkadot / U.S. dollar(DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave A

Direction Next higher Degrees: wave (II) of Impulse

Wave Cancel invalid level: 3.566

Details: Wave (II) is Equal to 61.8% of wave (I) at 5.826

Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot's rise appears to have ended at the 9.585 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.

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

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Comments

a9032
01-26
a9032
Interesting analysis, I'm in! 🚀
LenaAnne
01-26
LenaAnne
Interesting analysis!

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2

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Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.</p><p>Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.</p><p>TradingLounge Analyst: Kittiampon Somboonsod, CEWA</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cccc027b353f4db266332ff3102c9825\" tg-width=\"1024\" tg-height=\"595\"></p><p></p><p></p><p></p><p>Elliott Wave Analysis TradingLounge 4H Chart, 25 January 24,</p><p>Polkadot / U.S. dollar(DOTUSD)</p><p>DOTUSD Elliott Wave Technical Analysis</p><p>Function: Counter Trend</p><p>Mode: Corrective</p><p>Structure: Zigzag</p><p>Position: Wave A</p><p>Direction Next higher Degrees: wave (II) of Impulse</p><p>Wave Cancel invalid level: 3.566</p><p>Details: Wave (II) is Equal to 61.8% of wave (I) at 5.826</p><p>Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot's rise appears to have ended at the 9.585 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.</p><p>Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/973040fe06cb17bc17ffcde2d0c95a84\" tg-width=\"1024\" tg-height=\"595\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p>Elliott Wave Analysis TradingLounge Daily Chart, 25 January 24,</p><p>Polkadot / U.S. dollar(DOTUSD)</p><p>DOTUSD Elliott Wave Technical Analysis</p><p>Function: Counter Trend</p><p>Mode: Corrective</p><p>Structure: Zigzag</p><p>Position: Wave A</p><p>Direction Next higher Degrees: wave (II) of Impulse</p><p>Wave Cancel invalid level: 3.566</p><p>Details: Wave (II) is Equal to 61.8% of wave (I) at 5.826</p><p>Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot's rise appears to have ended at the 9.585 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.</p><p>Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.</p><p>TradingLounge Analyst: Kittiampon Somboonsod, CEWA</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cccc027b353f4db266332ff3102c9825\" tg-width=\"1024\" tg-height=\"595\"></p><p></p><p></p><p></p><p>Elliott Wave Analysis TradingLounge 4H Chart, 25 January 24,</p><p>Polkadot / U.S. dollar(DOTUSD)</p><p>DOTUSD Elliott Wave Technical Analysis</p><p>Function: Counter Trend</p><p>Mode: Corrective</p><p>Structure: Zigzag</p><p>Position: Wave A</p><p>Direction Next higher Degrees: wave (II) of Impulse</p><p>Wave Cancel invalid level: 3.566</p><p>Details: Wave (II) is Equal to 61.8% of wave (I) at 5.826</p><p>Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot's rise appears to have ended at the 9.585 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.</p><p>Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/973040fe06cb17bc17ffcde2d0c95a84\" tg-width=\"1024\" tg-height=\"595\"></p><p></p></body></html>","text":"Elliott Wave Analysis TradingLounge Daily Chart, 25 January 24, Polkadot / U.S. dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave A Direction Next higher Degrees: wave (II) of Impulse Wave Cancel invalid level: 3.566 Details: Wave (II) is Equal to 61.8% of wave (I) at 5.826 Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot's rise appears to have ended at the 9.585 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend. 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 Elliott Wave Analysis TradingLounge 4H Chart, 25 January 24, Polkadot / U.S. dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave A Direction Next higher Degrees: wave (II) of Impulse Wave Cancel invalid level: 3.566 Details: Wave (II) is Equal to 61.8% of wave (I) at 5.826 Polkadot / U.S. dollar(DOTUSD)Trading Strategy: Polkadot's rise appears to have ended at the 9.585 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 61.8. % Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend. 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