DOTUSD Elliott Wave Technical Analysis 13 December 2022
4 Hour
Polkadot / U.S.dollar (DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Diagonal
Position: Wave 5
Direction Next higher Degrees: Sub-wave of Wave C
Details: wave 5 in diagonal is likely to end at the level of 4.972
Wave Cancel invalid level: 4.972
Polkadot / U.S. dollar (DOTUSD)Trading Strategy: Polkadot is still under selling pressure as it remains below MA200 and MA50, but showing signs of recovery from the 4.972 level, but selling pressure remains. But even so, as we believe, the price structure in the downtrend has already ended at the level of 4.972, if it falls below, An idea in an uptrend will be broken.
Polkadot / U.S. dollar (DOTUSD) Technical Indicators: The price is below the MA200 MA50, indicating a downtrend. The wave oscillators below Zero-Line momentum are bearish
Daily
Polkadot / U.S.dollar (DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Diagonal
Position: Wave 5
Direction Next higher Degrees: Sub-wave of Wave C
Details: wave 5 in diagonal is likely to end at the level of 4.972
Wave Cancel invalid level: 4.972
Polkadot / U.S. dollar (DOTUSD)Trading Strategy: Polkadot is still under selling pressure as it remains below MA200 and MA50, but showing signs of recovery from the 4.972 level, but selling pressure remains. But even so, as we believe, the price structure in the downtrend has already ended at the level of 4.972, if it falls below, An idea in an uptrend will be broken.
Polkadot / U.S. dollar (DOTUSD) Technical Indicators: The price is below the MA200 MA50, indicating a downtrend. The wave oscillators below Zero-Line momentum are bearish
