DOT - On supportLooks like this is an important level for DOT to hold in the short term. Already lost a trend line, which has also acted as resistance. If this support is lost then price should land on the blue support.
Fundamentals should wake up price action in the not too distant future though. Parachain auctions are not far away, although not sure exactly when yet, and I would expect that will lock up a lot of DOT and we could see a strong move at that point.
Until then, chart leans bearish vs BTC with this descending triangle forming.
DOTBTC
DOT - two scenarios 🤔😱DOT as well as ETH and other altcoins are locally wedged in a triangle. If the price breaks through the upper boundary of the triangle, that would be a good buying opportunity. It is safer to buy after breaking through and retesting the triangle as support.
If the price breaks the lower boundary, DOT is likely to go lower.
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P.S. I personally will open entry if the price will show it according to my strategy.
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PolkaDot DOTUSDT - HUGE Parallel Channel on the Daily chart!- Polkadot is strong on the daily timeframe , as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance .
- Target top of the chanel or 1:1 fib extension on the daily chart .
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Due to my Elliott wave count, the correction is totally over and we can expect a higher prices!
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POLKADOT INSANE PUMP ON THE HORIZEN if the blue trendline hold you can expect massive gains with polkadot ecosystem being next to pump in couple of months. I expect polkadot to surpass cardano as 3rd marketcap altcoin. Ye ye bla bla you can hate all you like but it will happen if this bullrun dont end. I also expect bitcoin to do 2017 pump in december. that will surely send dot to 500 dollar.
DOT with BTC pair in parallel channel#DOTBTC
BTC pair of DOT is trading inside a descending parallel channel, if this daily candle going to close below the blue support line, then price will drop more to the long term support zone, which is around the middle line of parallel channel.
In my point of view this support zone will hold the price and then we will see another rally to break the channel to touch 11900 sats.
DOT - bearish structure 😲After the big drop, bitcoin and all altcoins have started to recover, but for how long? Usually, the fall does not end with just one move, after the fall there is a consolidation and another momentum. All stop losses are under the low of the recent fall. Right now bitcoin and all altcoins are in bearish patterns. It is very likely that there will be a fall, a collection of stop losses, and then a rise.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DOT/USDT Ready for another 248% Gain..?#DOT/USDT TA Update:-
$DOT currently trading at $34
Already 280% up from bottom.
And I told to buy at every dip and also mentioned on Twitter.
Now..?
Right now $24-$28 is very strong support level.
Recently also Strong bounced back from this level.
$DOT is Potential for long term and My target will be $100 in mid term.
I am accumulated between $24-$28
If again market dump then I will add more $DOT
New Entry:- $28-$34
Targets:- $39/$48/$80/$100
Stop Loss:- below $24 I will exit and wait for next entry.
Support:- $28/$24
Resistance:- $39/$48/ATH