DOTUSD ❕ downward wedgePolkadot came out of the descending channel.
Volatility and trading volumes have decreased, and the current price movement looks like the formation of a downward wedge.
Buyback of the price under the support level happened on the candlesticks with long shadows.
I expect that the price can reach the resistance level if it fixes above the support level. It is important to watch the price reaction to the trend line.
DOTUSD
DOT - Going lower?⭐️ BTC bearish
⭐️ Level is seen on all timeframes
⭐️ Level is at round number
⭐️ 5th touch
⭐️ Level is 71 days old
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
DOT daily looks to have hit bottom and has turned bullish?DOT daily is in such a great position for upside.
DeMark 9 reads it has hit bottom. support levels
are listed and starting price targets are listed.
Watch for the retracment to the Golden Pocket
range for the first consoldidation zone. Fear meter
is in our faces...what does that tell you?
Great trading week ahead.
DOT daily chart is ready to Rock N ROLLDOT daily chart is looking very bullish...everything that it needs
to break thru is all in the red circle.The white decending treadline,
we have the 50/100 ema,
bull market support band, the Hull suite indicator.
RSI is looking great and macd is as well. we have
Bullish Divergence on all cylinders, time to Rock nRoll
DOT testing support trend line-If Bitcoin continues to slump, DOT will be in confirmed bear market territory breaking down the diagonal trend line.
-The chandelier exit still has not printed a SELL signal on the weekly, however, it appears to be heading that way.
- Be very cautious with your entries here as we may see capitulation down to the $10 - $12 levels and possibly further downside, depending on where btc finds support.
-Not financial advice. (:
DOT - Targets of this buyingBYBIT:DOTUSDT
4H trend chart
-
DOT is breaking out the downtrend line currently.
So here is a good entry for long, and trading strategy as below.
-
Profit Targets:
a) 19.665-----Fib(1
b) 20.365~20.650-----Fib(1.272~1.382)
c) 22.245-----Fib(2)
Stop losses:
a) 17.860-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Polkadot slow mode- in my older analyze i predicted Polkadot bottom around 15.5$ :
Here older post :
- the problem with common alts is they are naturally following TheKing moves.
- if TheKing stays weak then altcoins will just standby and wait for his next move, then some will move harder if BTC pump and weaker if BTC dump.
- Polkadot is an heavy project with so much parachains, in the future i see DOT number 3 on CMC next to BTC and ETH.
- Many concurents as Solana or Luna made bigger moves than DOT, because they are going very fast, deploying multiples projects at the same time causing multiples bugs on their chains.
- Polkadot is safer, they are building slowly but surely
------------------------------------------------------------------
Trading Part
------------------------------------------------------------------
- if u check Weekly MACD in graph u will notice that it made a flat move
- Normally we had to turn bullish 3 weeks ago but we stayed weak, could consider that as fight between bulls and bears or a consolidation.
- in the worst case a good buying zone is around 13$, i don't see any lower bottom for DOT.
- if we are in a consolidation then a buy is possible right now but it's pure gamble, i recommend to wait.
- TP are accorded to Fibo and simple :
--- TP1 : 30$
--- TP2 : 40$
--- TP3 : 80$
------------------------------------------------------------------
Stay Safe and Happy Tr4Ding !
DOTUSD ❕ trend lineAfter the previous Polkadot idea, the price successfully reached the target, made a false liquidity zone breakout and corrected back, forming an uptrend line. On the correction, volumes decreased and volatility increased. I expect a fixing above the liquidity level and reaching the target indicated on the chart.
DOT/USDT Now in Buying Zone ( Polkadot is 400% Potential )#DOT/USDT TA Update:-
$DOT currently trading at $19
Already did 50% profit.
Now..?
I am again Buying some here.
Entry :- $17-$19
- Bounced from TrendLine Support
- Bullish Engulfing
- Parallel channel Breakout
I am expecting $65 Target for Mid term.
#PolkaDot is Strong potential in Long term.
Stop Loss:- $18
Long term Holder Stop Loss:- $14
Targets:- $30/$40/$65
📚Learn More💰Earn More - Head and Shoulders in DOTUSD📚 LEARN MORE
💰 EARN MORE
With ForecastCity
Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower peak (right shoulder).
A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal.
This illustrates that the upward trend is coming to an end.
When a Head and Shoulders formation is seen in an uptrend, it signifies a major reversal.
The pattern is confirmed once the price breaches the neckline support
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the highest point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
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Be sure to leave a comment; let us know how you see this opportunity and forecast.
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📚Learn More💰Earn More - Head and Shoulders in DOTUSD📚 LEARN MORE
💰 EARN MORE
With ForecastCity
Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower peak (right shoulder).
A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal.
This illustrates that the upward trend is coming to an end.
When a Head and Shoulders formation is seen in an uptrend, it signifies a major reversal.
The pattern is confirmed once the price breaches the neckline support
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the highest point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
I am making a gamble on EdgewareHi folks!
Long time no see, as the market has been largely untradeable in my view!
Now, I still think the market is in a chop,
but it might be tempting to bet some small funds on a bounce these days due to the really fearful sentiment and the very low liquidity in the markets.
In that sense, I have researched some potential candidates for long-shot bets, and I believe that the Edgeware project is extremely undervalued
from a fundamental standpoint - at least measured in multiples to the crypto market.
(Due to its potential both as a general purpose DAO and smart contract platform, its really decentralized community and the fact that it`s built on substrate)
In addition, the technicals look really good (Massive bullish divergence, very low liquidity on the downward move, two consecutive buy signals).
I am making a punt here, and I just thought I`d share it!
DYOR.
NFA.
Never take the word of others as a given, and never take advise from someone without skin in the game.
I wish you all well :)
Analysis Polkadot ( Dot/usdT ) Buy DotIn Open In 3 Step And Hold 3 Month:
$ 23.70
$ 17
$ 11
Get Target and Save In 4 Step:
$ 32
$ 38
$ 54
$ 80
We can expect Polkadat to reach this price ceiling.
Check out Polkadat (DOT) for in-network data:
Social Valium Index, which is the measure of social activity of this project, which has been examined in a period of 6 months
From the time the price rose, the support on this network also increased to the point where the price could reach its historical ceiling. The social level of this project could also reach its highest level, but when the price decreased, its activity level also decreased. The price reached very strong support and social support started to rise again, which is why the price did not fall further and kept the price in these areas.
The next case is social engagement or social interaction, which has the same trend as the Social Valium index, but the point is that before the price reaches its historical ceiling, we see that in this index it has been able to check itself and network interaction. Increase his social status a lot and attract a lot of attention to himself, and after the price dropped and reached his own support area, he was supported and made the price lower.
We will examine the next case of visiting the site and during a 6-month return, we checked that at the beginning of this return, the site visitors were seven hundred thousand and it was able to reach two million and four hundred !!! And now the number of visitors is one million and eight hundred thousand.
Site traffic by country
First place: America 18%
Second place: English 4%
Third place: Russia 4%
Other countries 75%
By source: 55% by searching with the words Polkadat or dot or stacking
Next rank 25% of visitors who enter the site directly
And the rest to enter the site through social networks
Data within the .NET network
From December 20, we are witnessing an increase in the number of addresses of the holders of this currency code, which has increased by 60,000 thousand holders. Well, this can show us a positive expectation.
The number of daily transactions has taken a momentary decline and has reached almost its lowest level in the last 4 months.
The next index, the volume of transactions reached 764 million from November 1. It was fluctuating there and reached its price floor on August 23, 2021
If we pay close attention to the volume chart of transactions, it has a relatively upward momentum, so that if the price can maintain this range and the volume of transactions continue to this upward momentum, we can see the possibility of increasing motivation by traders.
The next index shows the number of active addresses and the number of new addresses according to the index by falling in this price range if we do not see signs of demand and if the price can not stabilize itself and active and new addresses decrease. That the incentive to demand has decreased and the good result is that the risk scenario for the price will be strengthened and investors will buy in the next rounds.
The next indicator of sticking is the amount of dots that are stacked daily. If we are careful, we will see that 2.5 million dots come out of the stick, which means that the dot market is risky and it is a sign that investors are interested in buying at a lower price.
But the next indicator is Open Interest.com, which after registering its ATH price, we saw that Open Interest decreased, and considering that the price fluctuates in a support range, Open Interest is almost bloody and indecisive. Shows the trader
And we look at the Funding Rate dot index and see that most traders are short or short-term, and it seems that they seem to expect the price to go lower because most of the trades that open are short-term.
Fundamentals dot
The current market cap is $ 26.330 billion
The historic ATH cap was priced at $ 54.98 on November 4, 2021
Field of activity: Smart Contract Platform
Maximum token stock: Approximately 1.155 billion
Working inventory is approximately 1.076 billion units
Listed in many reputable exchanges
Polkadat is a smart contract, but its main purpose is to create cooperation between different Chinese blocks, which is the general problem that the Chinese blocks have with each other is that they do not communicate with each other. It has attracted the attention of many.
Polkadot (DOT) - April 19hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(DOTUSDT 1W Chart)
Resistance: around 19.37
1st support: around 13.64
2nd support: around 9.26
If it rises above 19.37, it is expected to create a new wave.
(1D chart)
(buy)
- After confirming the support in the section 17.69-19.37
- If possible, it's good to see support in 19.37.
(Stop Loss)
- When it falls below 16.16
(Sell)
- When receiving resistance near 25.07
- When resistance is received in the section 33.80-36.76
Several indicators are set in the section 17.69-19.37.
As such, I think it is a section that will play the role of support and resistance well.
Therefore, it is important to find support or resistance in the 17.69-19.37 section.
If it rises above 36.76, we expect a full-fledged uptrend to continue.
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** 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.)
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