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DOTUSD Potential for Bullish Continuation| 26th January 2023Looking at the H4 chart, my overall bias for DOTUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. With price tapping into my buy entry at 6.124, where the overlap support and 23.6% Fibonacci line is, we are looking to take profit at 7.415, where the previous swing high is. Stop loss will be placed at 5.704, where the previous overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:DOTUSDLong
by Rockqet
Polkadot DOT price growth is still aheadIt is very likely that the DOTUSDT price is currently in the process of forming a global reversal trend pattern - "Inverted Head and Shoulders" Of course, the final confirmation of the pattern's formation will come after the DOT price is firmly established above $10, and buyers will need to make a lot of effort to achieve this. Looking at the chart, we can say that the rebound of the DOTUSD price from the bottom can be called quite weak compared to other altcoins. Buyers of Polkadot token have not broken "shorts stops" yet, which are most likely hiding above levels $7.20 and $8.20, which are the first targets for growth. Once this target will reach - when the shorts' stops are broken - a price correction may begin. The medium-term target for DOT price is growth to $10+. Long-term target - growth in the range of $19-23.5 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
53
BTC/USD POSSIBLE CORRECTION From technical point of view we can see that price came to the upper trend line which is the copy paste of lower trend line. From psychological point of view I see a lot of FOMO. "bull run started" "load your bags or stay poor" "generational lows" "what if I missed a bull run again. I need to buy now" When you look at the WALL STREET CHEAT SHEET - PSYCHOLOGY OF MARKET CYCLE I see another (probably last) push lower which is the step from anger to depression. ( link to Wall St. cheat sheet psychology of market cycle therobusttrader.com ) On a long run I still think that these levels are good levels to get in but you can face at least 30% drawdown . This is only my point of view. Do your own research and trade your own analysis.
BITSTAMP:BTCUSDShort
by Cognitiq
3
Price growth could continue to the $9.680 rangeGiven that the potential for an intraday trend reversal has emerged for DOT, if buyers can keep the price above $6.523, price growth could continue into the $9.680 range in the medium term. If the resistance of the ceiling of the descending channel is completely broken, it will be possible to reach the target of $9.680. Of course, pullbacks should not be ignored, and a return to the lows in the $5.102 - $5.374 range is possible. The last point is that if the previous ceiling at $6.523 is broken before the pullback, we can consider the $6.523 support as a safe zone for a pullback.
by MonoCoinSignal
DOTUSDT | DECRYPTERS |POLKADOT Hi people welcome to Team Decrypters We are buying DOT in spot for MID - Short term and Allocating 2% of portfolio #Decrypters #dot #dotusdt #usdt #polkadot Reasons :- --A trendline breakout is a situation in which the price of an asset moves outside of a previously established trendline. This can signal a potential change in the direction of the trend and can be used as a buy or sell signal by traders --Volume Profile is a charting technique that uses historical volume data to display the distribution of trading activity at different price levels., Traders use this information to identify areas of support and resistance, as well as to identify potential trading opportunities
Long
by DECRYPTERS
1
💥☃️🌲Polkadot Analyze (Road Map)!!!🗺️💥☃️🌲(+200%😱)❗️❓Today, I showed you the Polkadot road map🗺️. Polkadot is running near the heavy support zone. I expect Polkadot will go down a little more and then start to rise to a heavy resistance zone( about +200%)😱. 🔆Suggestion: If you want to add DOT to your portfolio, you can wait to break the downtrend line and SMA 100(Daily TF). Polkadot Analyze ( DOTUSDT ) Timeframe Weekly⏰ (Log Scale). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
💲 Dot 0.618 Within Reach 💲💲 Dot 0.618 within reach 💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave. 💲 Nearest strong resistance zone: around the 0.618 fibo level of the downward wave. 💲 Technical environment: - Moving averages: 50/50 - MACD: Uptrend - RSI: Uptrend 💲 Price action: Dot continues its path northward bouncing perfectly from the support zone set by the fibo level of 0.236 of the downward wave. After such a quick return, there is a very high chance of seeing the 0.618 level of the downward wave in the next few days. 💲 The scenario I'm playing out is a continuation of the upside to the 0.618 area of the downward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Long
by InvestMate
1
DOT/USDT Breaking LTB After Reaction at POCBINANCE:DOTUSDTPERP DOT is breaking the long-term LTB after suffering a price reaction in the POC of a session between August and December 2020, see that this zone remained reactive for prices. But now it's easy to think like that since it already happened, however, here I'm going to leave a study done on May 11, 2022 where the 4.39 range was already plotted on my screen, waiting for a price reaction. These plotted regions were reactive, some more, some less, but if you see the price reaching a certain region and consider it important, you can operate more objectively. See how the price arriving in an area where it is interested in being traded works Let's dissect this movement, the numbers are clear possible trades in my view. See that on possible entry 1 it was a falling knife buy, few traders have the stomach for limit buys against the move, but the price level showed strong supply absorption and paid a great risk return. Next we have the possible entry, number 2, see that this is already a clearer and calmer entry for many operators, either by buying limited below the last minimum, with the reading of 3 consecutive breakout failures or the purchase with a stop order at signal bar breakout with projected movement objective. If the operator was unsure with entry number 2, he would have confirmation a few bars ahead, with an opportunity for entry number 3, with a slightly higher price and even so with a potential risk, favorable return, see that this is the entry of the late ones, it sometimes does not occur. And finally entry number 4, which can also be a position increase, this operation 4 would be the purchase of a pullback in the price RANGE in which the buying demand managed to absorb the offer, and consequently the demand should take the market to at least a test in extreme zones where the greatest supply of assets will be found. So the point here is, mark your charts here on TradingView in order to find the best zones where the price should show strength, be it buying or selling and trade in favor of the price reaction. At the moment DOT/USDT is working in an area that is not very favorable for purchases, but these are the levels that I am looking to trade Daily and 4 hours - 5.29 / 5.10 / 4.68 For those who like Fibonacci, the 5.29 and 5.00 range is also important and is confluent with the reference ranges plotted in the study. This idea intends to find relevant zones for Pullbacks in DOT/USDT in search of a purchase for a new high Swing, if these zones do not show a reaction, it is possible that the balance of forces returns in the market and the context becomes more lateral. 🚨Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.
Education
by leandrosander_
🔥🚩FALSE BREAKOUT ON SHIB CAN LEAD THIS ALTCOIN TO 47% PUMP🔥 Hi friends! Shiba is falling with any other market. After the last false breakout of the key level at $0.014, the price fell by -40%. So you can see how good this pattern work and I explain you how to enter a long trade using the same approach. Now the price already made a false breakout and pumped by 23% after this. I think if SHIB will make a more deep fall, it will be a good chance to open a trade. 📊 THE PRECONDITIONS TO OPEN A LONG: 🔥 false breakout of the key level of $0.00829 🔥 test of the trendline (confirmation of additional support) 🔥 bullish BTC 🚩 The success test of trendline can confirm DOM and Footprint. It's absolutely free scalping tools that help me to track the whales orders and buy/sell crypto with them. ✅ THE MAIN TARGEST FOR SHIB: 1. $0.0093 - the key level 2. $0.01 - the key level and local high 3. $0.015 - value area Traders, what do you think about SHIB? Do meme coins has a future at crypto market? Write your thoughts in comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
10