DOTUSD Elliott Wave Technical Analysis February 23 2023
4Hour
Polkadot /U.S.dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave I of Motive
Details: Sub-wave of Wave ((3)) The price continues its upward trend, any trad does not fall below 5.878.
Wave Cancel invalid level: 5.878
Polkadot /U.S.dollar(DOTUSD)Trading Strategy: Polkadot has recovered well, and managed to break through the MA200 line, it is also a third-wave rise. Therefore, the price tends to continue to rise above 7.887
Polkadot /U.S.dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. 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: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave I of Motive
Details: Wave ((3)) is usually 1.618 x length Wave ((1))
Wave Cancel invalid level: 5.878
Polkadot /U.S.dollar(DOTUSD) Trading Strategy: Polkadot has recovered well, managed to break through the MA200 line, it is also a third wave rise. Therefore, the price tends to continue to rise, which Wave 3 is usually equal to 1.618 multiplied Length of wave 1 at the level of 10.602.
Polkadot /U.S.dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish
