Get started

DOT

Will DOT handle the first target?Hello everyone, let's take a look at the DOT to USDT chart over the 1 hour timeframe. As you can see, the price broke above the local downtrend line. It is worth starting with determining the stop loss that we should take into account in the coming hours. As you can see, we chose 3 stop loss: SL1 - $ 10.75, SL2 - $ 10.09, SL3 - $ 9.54. Now let's move on to determining the targets that the price has in front of it and as you can see, the first one is at T1 - $ 11.34 with which the price is currently fighting, the next one is at T2 - $ 12.46. Looking at the CHOP indicator we can see that in the 1 hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows an upward trend.
by cryptodailyuk
SCENARIO 2 FOR A POLKADOT BOTTOMPls visit our last Polkadot analysis for better context. As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction. Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat correction for wave 2, comprising of a large ABC correction with the C wave being a 5 way impulse move marking a 100% retracement of our Wave AB and aligns perfectly with the downward trend channel price seems to have created. Make sure to apply proper risk management. Goodluck
by RektMyMom
BTC range retest. Consolidation is key.While most traders are warning of bear markets and crypto collapse, it is time for us to zoom out just a little bit. Bitcoin has been trading in a "range" for the best 2 years, and i think this fall will be much less severe than we think it is. My most likely scenario would be a wick under the previous supports, as to grab untouched liquidity from the lower levels, and maybe even fill the cma gap at 24k. THIS IS MIGHT BE OUR TIME TO BUY. 24K/28K IS GOLDEN AREA. If we are still trading in the range, a bounce should be expected with a long consolidation back to 35k levels. If we are no longer in a range, keep your stop losses tight and your risk management in order.
by nicolapolitopoulos
8
BTC- Update a few months laterHi, As you can see...$BTC is still not looking attractive in any sense of matter. The ALT coins are starting to decouple as seen in the previous cycles. IMO we have been in a bear market for quite some time now, waiting on BTC to finally capitulate. A test around $20,000 will offer some amazing risk/reward opportunities on almost all bluechips in crypto. I have over 60% of my portfolio in USD, waiting for the right time to buy. Every dip is not worth buying, no matter which Twitter influencer told you so. I will be splitting my holdings into two groups- Blue Chips and Meta-verse. META- $UOS $VRA $SUPER $PYR $FTM $SOUL BLUECHIPS- $BTC $ETH $DOT $LINK $ADAX $SOL
BITSTAMP:BTCUSDShort
by Goodland_UK
DOT on support, three price targets possibleHello everyone, let's take a look at the 1H DOT to USDT chart. As you can see, the price is moving below the local downtrend line. Let's start with marking the support line and as you can see the first support in the near future is $ 14.06, here it is worth setting the first stop loss, if the support breaks, the next support is at $ 12.75, here it is worth setting the second stop loss. Next we have a support zone from $ 11.36 to $ 8.07 Now let's move from the resistance line as you can see the first resistance is $ 16.19, if you can break it the next resistance will be $ 17.63 and $ 18.86. Looking at the CHOP indicator, we can see that in the 1H interval we have a lot of energy for new movement in the coming hours.
by cryptodailyuk
1
POLKADOT-Can a good news save an asset?Hello everyone Due to the bad news from wallsreet and Nasdaq, a big red bar appeared on every chart, on daily of coarse.It's not the first time we had more than 10% fall in crypto market. On daily chart of DOTUSDT, there's a double bottom pattern forming, which can take the price to our resistance level of 15.5$ and maybe break out of our bear trend line; As for our support, price levels of 14.5$ and 14$ are in place , plus a weekly trend line which held on good in the past couple of days. We may get a doji bar for today,because of the news and fear, so just don't expect that much from the market today. I will be glad to hear some feedback and questions.
by HubAlgo