Polkadot / U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 31 January 24
Elliott Wave Analysis TradingLounge Daily Chart, 31 January 24,
Polkadot / U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: wave (II) of Impulse
Wave Cancel invalid level: 3.566
Details: Wave (II) maybe is complete at 5.992 level and the price increase again in Wave (III)
Polkadot / U.S. dollar(DOTUSD)Trading Strategy:
Wave II correction appears to have ended at the 5.992 level and prices are entering an uptrend in Wave III, looking for an entry opportunity. Join the trend again in an upward direction.
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
Source : Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4Hr Chart, 31 January 24,
Polkadot / U.S. dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: wave (II) of Impulse
Wave Cancel invalid level: 3.566
Details: Wave (II) maybe is complete at 5.992 level and the price increase again in Wave (III)
Polkadot / U.S. dollar(DOTUSD) Trading Strategy:
Wave II correction appears to have ended at the 5.992 level and prices are entering an uptrend in Wave III, looking for an entry opportunity. Join the trend again in an upward direction.
Polkadot / U.S. dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillators a bearish Momentum.
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.
- floopi·01-31Interesting analysis! Hoping for the best in Wave III. 🚀LikeReport