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DOTBTC

PolkaDot DOTUSDT - Secret Parallel Channel, new ATH soon!- 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! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:DOTUSDLong
by UnknownUnicorn2537518
7
PolkaDot DOTUSDT - HUGE Secret Parallel Channel on the Daily!- Polkadot is very strong on the daily timeframe, as we can see. - The price broke out of the bullish falling wedge and now is unstoppable! - On the largest time scale, we can spot a huge blue parallel channel, which acts like a support and resistance. - 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! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:DOTUSDLong
by UnknownUnicorn2537518
11
Polkadot (DOT) - July 31Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSD 1W Chart) If the price holds above the 10.15772403 point, it is expected that the uptrend will continue. The 10.15772403-16.14614892 section is an important section, and if the price is maintained above the 16.14614892 point, it is expected to create a new wave. (1D chart) It remains to be seen if the 12.72032975-15.71092198 section can find support and move up. If the price holds above the 15.71092198 point, it is expected that it will revert to an uptrend and move higher. If it declines from the 10.15772403 point, it is likely to enter the mid- to long-term investment zone, so you need to trade cautiously. ------------------------------------- (DOTBTC 1W chart) The 39108 Satoshi-48719 Satoshi section is an important volume profile section. It is important to keep the price above the 39108 satoshi-48719 satoshi range as no proper wave was created. We'll have to see if we can find support at the 36000 satoshi point and move up to the 39108 satoshi-48719 satoshi section. (1D chart) It remains to be seen if the 38377 Satoshi-44645 Satoshi section can support and rise. If it declines at this rate, there is a possibility of entering the mid- to long-term investment area, so careful trading is required. If the price holds above the 44645 Satoshi point, it is expected that the uptrend will continue. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:DOTUSD
by readCrypto
Polkadot, what next?Chart Overview * 3 Day Dot/Btc Daily * Gann Box * Fibbonaci Circles (0.618 to 0.786) * Red Shaded Rectangle (Potential Resistance formed by VPVR) * Green Shaded Rectangle (Potential Support formed by VPVR) * Diagonal Cross/45 degree line (Blue) * Vertical Cross (Green) Analysis DOT is sitting within the Fibbonaci Circle and the two price/time Gann lines, the line below the price that forms the diagonal cross represents the 45 degree line which is considered an ideal balance of price and time and could form a strong support heading upwards. The line above could act as resistance keeping the price within a megaphone pattern. The green cross can act as pivotal price points which can push the price up or down. Conclusion Dot has seen a massive correction, more so than many other coins, even if it were to break down below the diagonal cross or 45 degree line, strong support is awaiting making the bearish argument hard to make. The bullish argument is strong, we are close to lots of support (the 45 degree line, the 0.786 circle, the green rectangle) and resistance is far ahead at 0.0006. Targets * Less Likely: Bearish = 0.00032 * More Likely: Bullish = 0.0006 What do you guys think, bullish or bearish? *Disclaimer: Not professional advice.
Long
by cmpkpersonal
1