Polkadot (DOTUSD) Elliott Wave Technical Analysis 9 September 2022

Elliott Wave Analysis TradingLounge Daily Chart, 9 September 2022, Polkadot (DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: Wave ((2)) of Motive

Details: wave ((2)) is usual y .618 or .786 x wave ((1)).

Wave Cancel invalid Level: 6.0041

Polkadot (DOTUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at 7.74 could be an opportunity to open a long position.

But the price must not reverse below 5.99.

Polkadot (DOTUSD)Technical Indicators: MACD has a Hidden Bul ish divergence, and price has an opportunity reversal.

TradingLounge Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, 9 September 2022,

Polkadot (DOTUSD)

DOTUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: Wave ((2)) of Motive

Details: wave ((2)) may be completed and the price building in the sub-wave of wave ((3)) is likely to trade above 9.659 but not below 6.0041

Wave Cancel invalid Level: 6.0041

Polkadot (DOTUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at 7.74 could be an opportunity to open a long position.

But the price must not reverse below 5.99.

Polkadot (DOTUSD) Technical Indicators: MACD has a Bullish divergence, and price has an opportunity for reversal.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

nagnauq
2022-09-09
nagnauq
Thanks
Miaoj
2022-09-09
Miaoj
ok
jieqi
2022-09-09
jieqi
👍
Jothebake
2022-09-09
Jothebake
k
yeo
2022-09-09
yeo
K
PeiYi99
2022-09-09
PeiYi99
Hihi

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TradingLounge Daily Chart, 9 September 2022, Polkadot (DOTUSD)</p><p>DOTUSD Elliott Wave Technical Analysis</p><p>Function: Counter trend</p><p>Mode: Corrective</p><p>Structure: Double Corrective</p><p>Position: Wave (Y)</p><p>Direction Next higher Degrees: Wave ((2)) of Motive</p><p>Details: wave ((2)) is usual y .618 or .786 x wave ((1)).</p><p>Wave Cancel invalid Level: 6.0041</p><p>Polkadot (DOTUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at 7.74 could be an opportunity to open a long position.</p><p>But the price must not reverse below 5.99.</p><p>Polkadot (DOTUSD)Technical Indicators: MACD has a Hidden Bul ish divergence, and price has an opportunity reversal.</p><p>TradingLounge Analyst: Kittiampon Somboonsod</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c0f6d158d17e1994d917c25e167a0662\"></p><p>Elliott Wave Analysis TradingLounge 4H Chart, 9 September 2022,</p><p>Polkadot (DOTUSD)</p><p>DOTUSD Elliott Wave Technical Analysis</p><p>Function: Counter trend</p><p>Mode: Corrective</p><p>Structure: Double Corrective</p><p>Position: Wave (Y)</p><p>Direction Next higher Degrees: Wave ((2)) of Motive</p><p>Details: wave ((2)) may be completed and the price building in the sub-wave of wave ((3)) is likely to trade above 9.659 but not below 6.0041</p><p>Wave Cancel invalid Level: 6.0041</p><p>Polkadot (DOTUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at 7.74 could be an opportunity to open a long position.</p><p>But the price must not reverse below 5.99.</p><p>Polkadot (DOTUSD) Technical Indicators: MACD has a Bullish divergence, and price has an opportunity for reversal.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1cba8d511d6879c0745eb7572bbee647\"></p></body></html>","htmlText":"<html><head></head><body><p>Elliott Wave Analysis TradingLounge Daily Chart, 9 September 2022, Polkadot (DOTUSD)</p><p>DOTUSD Elliott Wave Technical Analysis</p><p>Function: Counter trend</p><p>Mode: Corrective</p><p>Structure: Double Corrective</p><p>Position: Wave (Y)</p><p>Direction Next higher Degrees: Wave ((2)) of Motive</p><p>Details: wave ((2)) is usual y .618 or .786 x wave ((1)).</p><p>Wave Cancel invalid Level: 6.0041</p><p>Polkadot (DOTUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at 7.74 could be an opportunity to open a long position.</p><p>But the price must not reverse below 5.99.</p><p>Polkadot (DOTUSD)Technical Indicators: MACD has a Hidden Bul ish divergence, and price has an opportunity reversal.</p><p>TradingLounge Analyst: Kittiampon Somboonsod</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c0f6d158d17e1994d917c25e167a0662\"></p><p>Elliott Wave Analysis TradingLounge 4H Chart, 9 September 2022,</p><p>Polkadot (DOTUSD)</p><p>DOTUSD Elliott Wave Technical Analysis</p><p>Function: Counter trend</p><p>Mode: Corrective</p><p>Structure: Double Corrective</p><p>Position: Wave (Y)</p><p>Direction Next higher Degrees: Wave ((2)) of Motive</p><p>Details: wave ((2)) may be completed and the price building in the sub-wave of wave ((3)) is likely to trade above 9.659 but not below 6.0041</p><p>Wave Cancel invalid Level: 6.0041</p><p>Polkadot (DOTUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at 7.74 could be an opportunity to open a long position.</p><p>But the price must not reverse below 5.99.</p><p>Polkadot (DOTUSD) Technical Indicators: MACD has a Bullish divergence, and price has an opportunity for reversal.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1cba8d511d6879c0745eb7572bbee647\"></p></body></html>","text":"Elliott Wave Analysis TradingLounge Daily Chart, 9 September 2022, Polkadot (DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Double Corrective Position: Wave (Y) Direction Next higher Degrees: Wave ((2)) of Motive Details: wave ((2)) is usual y .618 or .786 x wave ((1)). Wave Cancel invalid Level: 6.0041 Polkadot (DOTUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at 7.74 could be an opportunity to open a long position. But the price must not reverse below 5.99. Polkadot (DOTUSD)Technical Indicators: MACD has a Hidden Bul ish divergence, and price has an opportunity reversal. TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 9 September 2022, Polkadot (DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Double Corrective Position: Wave (Y) Direction Next higher Degrees: Wave ((2)) of Motive Details: wave ((2)) may be completed and the price building in the sub-wave of wave ((3)) is likely to trade above 9.659 but not below 6.0041 Wave Cancel invalid Level: 6.0041 Polkadot (DOTUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at 7.74 could be an opportunity to open a long position. But the price must not reverse below 5.99. 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