TradingView
Cross10XSignals
Mar 17, 2024 6:09 AM

DOTUSD Elliott wave count 

PolkadotCRYPTO

Description

Price overlapping makes me to think that we still are into wave 1 a leading diagonal.
If so, I expect the next support level to be the 0.382 - 0.5 Fib. retracement of wave ((3)).

Comment


Watching for evidences wave 4 of a leading diagonal ended 9.19.
Clearing 9.84 may be a clue that a zigzag correction ended 9.19
Not excluding a complex correction until clears 11.02

Comment


Below 10.045 we are looking to the downside to complete a complex correction WXY.
Possible target 8.08 area.

Comment


Above 8.49 we are looking to the upside to complete wave ((5)) of a leading diagonal

Comment


Unless DOT trades below 8.49, we'll look upper in wave (3) but price must clear 9.81
More