03Apr
DOTUSD Elliott Wave Technical Analysis April 03 2023
DOTUSD Elliott Wave Technical Analysis April 03 2023
4Hour
Polkadot/U.S.dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (I) of Motive
Details: Wave 3 equals 1.618 multiplied Length of wave 1
Wave Cancel invalid level: 5.1566
Polkadot/U.S.dollar(DOTUSD)Trading Strategy: DOT is recovering well. And we expect wave ((2)) to end at the 5.15 level. Five rising waves from this point and a breakout of the MA200 line will support this idea. The price is likely to trade above the 9.89 level in waves ((3)).
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
Daily
Polkadot/U.S.dollar(DOTUSD)
DOTUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (I) of Motive
Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 9.9455
Wave Cancel invalid level: 5.1566
Polkadot/U.S.dollar(DOTUSD)Trading Strategy: DOT is recovering well. And we expect wave ((2)) to end at the 5.15 level. Five rising waves from this point and a breakout of the MA200 line will support this idea. The price is likely to trade above the 9.89 level in waves ((3)).
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
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