DOT triangle breakoutPokadot seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 10.25 and even higher. Just bought...
ENTRY : local high @ 8.10
STOPLOSS (SL) : local low @ 7.80
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY - SL) @ 10.25
REWARD RISK RATIO (RRR) : 7.1
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
DOTBTC
Polkadot (DOT) - June 24hello?
Traders, welcome.
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(DOTUSDT 1W Chart)
3 important segments
- 9.26-10.13
- 13.64
- 18.42-19.37
An upward break above the key zone is required to continue the uptrend.
(1D chart)
Resistance: 9.26-10.13
Support: around 7.16
It needs to rise above 8.71 in order to turn to an uptrend in the short-term and mid-to-long term.
However, it is expected that the upward trend will continue only when it rises above the critical section 9.26-10.13.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.
(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.)
---------------------------------
DOT - is starting to outperform bitcoin !!As many altcoins, DOT has started to clearly outperform Bitcoin !!
Will be interesting to see how this further develops ....
DOT/USDT BUYING SETUP (SCALPING)Buying #DOT/USDT (SCALPING)
$DOT Breakout Ascending triangle and now has retesting . when correction showing low volume this is good for movement
BTC potential IHNS pattern and this the reason i brave to scalping setup
Buy zone : 7.6 - 7
Target : 7.88 - 8.2 - 8.49 - 8.79 - 9 - 9.5
Stop : 6.5
Polkadot (DOT) - June 7hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(DOTUSDT 1W Chart)
The section below 9.26-10.13 may be a mid- to long-term investment area.
To create a new wave, it must rise above 19.37.
(1D chart)
In the short and medium term, it needs to move above 10.13 and find support to turn into an uptrend.
However, since the MACD-P indicator point is formed at 11.03, the key is whether it can rise above this point.
If it falls below the 8.71-9.26 range, it may lead to further declines, so you need to trade cautiously.
(buy)
- After confirming the support in 11.03
(Stop Loss)
- When it falls below 10.13 and receives resistance
- When it falls below the 8.71-9.26 section
(Sell)
- When receiving resistance near 13.64
- When receiving resistance in the section 17.98-19.37
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.
(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.)
---------------------------------
#DOT/USDT 2HOUR UPDATE !Welcome to this quick DOT/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- DOT/USDT PARALLEL CHANNELdown side buy the green zone. PARALLEL CHANNEL.
Entry:-$8.57,$8.78
Traget:- 15%
Stoploss:- $8.05
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
DOTBTCbullish cfork
btc.dominance looks bearish
24% on offer here vs btc if we can bounce the btcrpice and totalcaps
dot eco coins bullish movr glmr astor all looking strong
dxy bearish and continuing to look so
alts nuked like crazy total 3 completely capitulated druing the luna incident
parachain still underated..
could be a generational long opp if the market returns bullish this year.
high risk out there rn tho be careful
#DOT/BTC 1DAY UPDATE BY CRYPTOSANDERS !!Welcome to this quick DOT/ BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-DOT/ BTC PARALLEL CHANNEL and buy the green zone and (SPOT CALL)
Entry:-0.0003000,0.0003333
Traget:- 50%
Stoploss:- 0.0002722
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Polkadot (DOT) - May 18hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(DOTUSDT 1W Chart)
The key is whether you can get support and rise in the volume profile section formed in the section 9.26-10.13.
In order to continue the upward trend in the medium to long term, it should rise above the 18.42-19.37 section.
(1D chart)
Since 9.26-10.13 is a mid- to long-term investment area, careful trading is required.
Therefore, it is important to see support by moving above 13.64.
However, since a volume profile section is also formed around 19.37, it is expected that the upward trend can be continued only when it rises above 19.37.
Therefore, below the 19.37 point, you need to conduct a transaction by purchase unit price to increase the number of coins you have in a transaction method that increases the number of coins for profit.
If possible, we recommend making a full-fledged investment in Jinhae after confirming the support at 19.37.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.
(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.)
---------------------------------
$DOT 3D Support Break + Adam and Eve Variation$DOT / Polkadot has broken a huge 3D support around 10.57, shown with the recent 3D candle's retest and failure, thus far. Big sell volume as well on the drop indicating it is likely a true move and not a fake.
I have not traded an Adam and Eve before, and this looks to be a variation of such, I think, don't quote me.
Levels are as follows, invalidated above 10.6 close.
POLKADOT - ROAD TO $200Good morning traders.
DOT/USDT the pair for today, lets begin.
In light of the recent Bitcoin dump, a lot of alts have found themselves at strong support, some below it and stables depegging from the dollar.
Question is, are we at the bottom now?
While i may not be able to clarify if we are at the bottom or not, it doesn't feel like it, I can however say this is a very good buying opportunity for many alts.
From the chart above we have the DOT price back at July 2021 levels, very strong support area. It could however make it's way down to our worst case scenario region which is also in line with the 1.236 fib support level dependng on Bitcoin's price action.
So far we have a Regular flat formed on the chart which in theory has it's C wave to be 61.8%-123.6% of wave AB.
Whether or not this is the bottom it is still a very good buying opportunity (but don't take my word for it).
If the Elliott wave theory is correct (and has been so far), targets for our wave 3 range from $175-$240 dollars(red zone) depending on where the bottom will be.
In the blue zone we have our Take profit region just to ensure we take some of the table in the case of exhaustion.
I expect this to fulfil over a lengthy timeframe given the state of the market but, you never know.
If you agree with this Idea pls like, share and comment your thoughts below.
As always feedback is appreciated!
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
$DOT 4HR Downtrend$DOT seeing a harsh downtrend on the 4HR, seeing recent buyers at the 14.5 level. IMO if we lose that, we see 14 even, lose that we see low 13. RSI and price seeing resistance simultaneously.
On the flip, if buyers can hold 14.5, this could be a decent breakout point. RSI resistance break could give an early signal.
Note, I personally see the recent RSI break under the 14MA as bearish > bullish momentum.
$DOT 1D Trendline Break$DOT broke a main support on the 4HR, while breaking a main support trendline on the 1D, and looks to have performed a retest and rejection, so far.
Still holding RSI support trendline on the 1D, something to note.
Any short here would likely be invalidated with a return to 17.3+