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11/13/2024 03:29:07 GMT

Polkadot Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

DOT/USD Elliott Wave technical analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((1))

Direction next higher degrees: Wave I of Impulse

Details: The increase in Wave 1 before the correction in Wave 2.

Polkadot/ US Dollar (DOT/USD) trading strategy: The wave 1 rally seems to be over, so watch out for a wave 2 correction and the price remains in an uptrend and we are looking for a re-trend.

Polkadot/ US Dollar (DOT/USD) technical indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

DOT

DOT/USD Elliott Wave technical analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((1))

Direction next higher degrees: Wave I of Impulse

Details: The increase in Wave 1 before the correction in Wave 2.

Polkadot/ US Dollar (DOT/USD) trading strategy: The wave 1 rally seems to be over, so watch out for a wave 2 correction and the price remains in an uptrend and we are looking for a re-trend.

Polkadot/ US Dollar (DOT/USD) technical indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

DOT

Polkadot Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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