2024-11-08 00:37
IndustryPolkadot Elliott Wave technical analysis
DOT/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave V.
Direction next higher degrees: Wave (C).
Details: The five-wave falling in wave V.
Five wave V retracement, the final wave of wave C before resuming the uptrend. We expect the price to drop to test the 2.227 level, so the overall picture is still a short-term decline before resuming the uptrend.
DOT/ U.S. dollar (DOT/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
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Polkadot Elliott Wave technical analysis
| 2024-11-08 00:37DOT/USD Elliott Wave technical analysis
Function: Follow Trend.
Mode: Motive.
Structure: Impulse.
Position: Wave V.
Direction next higher degrees: Wave (C).
Details: The five-wave falling in wave V.
Five wave V retracement, the final wave of wave C before resuming the uptrend. We expect the price to drop to test the 2.227 level, so the overall picture is still a short-term decline before resuming the uptrend.
DOT/ U.S. dollar (DOT/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
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