DOTUSD Elliott Wave Technical Analysis February 03 2023
4Hour
Polkadot /U.S.dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: wave I of Motive
Wave Cancel invalid level: 4.23
Polkadot /U.S.dollar(DOTUSD)Trading Strategy: The rise of the first wave in an uptrend, upon completion, the price will retrace again in the second wave, but must not retrace more than 100% of the first wave. Gives us the opportunity to join the trend again. Wait for the second wave to finish.
Polkadot /U.S.dollar(DOTUSD)Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum
Daily
Polkadot /U.S.dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((1))
Direction Next higher Degrees: wave I of Motive
Wave Cancel invalid level: 4.23
Polkadot /U.S.dollar(DOTUSD) Trading Strategy: The rise of the first wave in an uptrend, upon completion, the price will retrace again in the second wave, but must not retrace more than 100% of the first wave. Gives us the opportunity to join the trend again. Wait for the second wave to finish.
Polkadot /U.S. dollar (DOTUSD)Technical Indicators: The price is below the MA200 indicating a downtrend. The wave oscillators above Zero-Line momentum are bullish
