Dotlong
DOTUSDT - Double Bottom!DOTUSDT (1h Chart) Technical analysis
DOTUSDT (1h Chart) Currently trading at $7.55
Buy level: Above $7.53
Stop loss: Below $7
Target 1: $7.75
Target 2: $8.25
Target 3: $8.6
Target 4: $9
Max Leverage 3x
Always keep Stop loss
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DOT/USDTFalling Wedge
A falling wedge is always a bullish pattern. By definition, a falling wedge always follows a major rising trend and has 3 stages: major rising trend, correction, and continuation of a rising trend.
This pattern is appropriate in denoting a bullish momentum in the market in the future.
DOT/USDT INVERTED 3D CHART.Hi, Random trader here. DOT/USDT is one the strongest coin. So here;s the chart of DOT/USDT inverted 3D timeframe. Dot is foarming a rising wedge in 3D inverted chart. Current price of Dot is 7$ (strong support). I am expection 15-20 $ in next 1-2 months. This swing trade is recommended for only spot traders. As always wait for the perfect entry and enjoy the ride.
DOT - PolkadotDOT looking prime for a drop to sub $4 short term, when this correction is over! After a little dead cat bounce and continuation to the down side. None of my 4 indicators showing any bullish confirmation on the Weekly Time Frame. Next Bull Run top $1.2K -$2K.
- Weekly MACD (Bearish)
- Weekly Pekipek's Divergence BETA (Bearish)
- Weekly RSI (Bearish)
- Weekly Stochastic RSI (Bearish)
POLKADOT LONGS ✅✅✅Expecting bullish price action on POLKADOT from a weekly perspective as price is in a huge bullish market strucutre on the HTF premise, price rejected the bullish orderblock on the W1 that could act as a valuable area of ,,support,, if you will for the price and from there we can see a clear move to the upside.
What do you think ? Comment below.
DOT Struggling on Higher Timeframes In the last 5 months DOT has lost 70% of its value, it corrected till 0.886 on Fibonacci until it found a local bottom & bounced off $15.
DOT Higher timeframes:
However, DOT is still struggling to break above the supply at $23 - $24, which is now acting as a strong resistance on higher timeframes.
We need DOT to close a weekly candle above the supply zone $24 for further upside or else it will go for further correction.
DOT Lower timeframes:
On lower timeframes, we're currently retesting the breakout, if we hold it will retest the $23 - $24 supply zone.
Look for entries on lower timeframes for short term trade, for longterm look out for clear break through above the strong supply zone $23 - $24.
DOT Sign of Strength RallyThe DOT price has been observed in a horizontal re-accumulation trading range from Jan 21, 2022 to the present. The DOT price is pushing up against the trading range resistance in what appears to be an SOS rally.
I will make a long entry in this presumed SOS rally (around $21.5) and take profit around the next resistance cluster around $28. I may add to the position at the BU/LPS.
The upper and lower boundaries of the re-accumulation trading range are given by the horizontal black lines. Blue arrows mark volume spikes.
Wyckoff abbreviations: automatic rally (AR), change of character (CHoCH), sign of weakness (SOW), failed upthrust (FUT), selling climax (SC), sign of strength (SOS), back up (BU), last point of support (LPS), last point of supply (LSPY).
This is not financial advice. I am not your financial advisor. This is my opinion.