DOT/USDT Analysis 22/10/2021Been looking into DOT a good amount the past few days and have noticed it's really nice to trade and with the bullish momentum recently it's been a good market indicator of direction and because it is a smaller coin than the usual BTC/ETH it is more volatile!
I know that is risk but it is charting really nice and catching it right can lead to excellent gains,
I am currently looking at this rising channel which we have tested several times this morning but it is now looking like a breakdown is imminent, I have marked the possible breakdown target. this looks extremely bearish but I think we would look for a potential double bottom on the bigger time frames singling the end of this small dump.
we could break to the upside, it wouldn't surprise me for price to hit everyones SL and swing fail to the downside before a quick break back up, I have marked the possible price target in that case.
I am following DOT with all of my current trades as it seems to be a clearer indication of where the market is going and the gains are better when you time it right.
DOTUSD
DOTUSD Target Price 45.572DOTUSD. Entry Price 42.901.
Confluence:
Horizontal Support Level
EMA 10 Level
EMA 20 Level
DOT - READY TO BREAKOUT AND TEST/BREAK ATH!ALTS ARE LOOKING GOOD TODAY! BTC looking like its pulling back to turn previous ATH into support!
This is a perfect opportunity for alts to catch up and do their thing here!
DOT - IS LOOKING READY TO BREAK OUT AND POSSIBLY BREAK ATH VERY SOON!
BBWP FLASHED A BUY SIGNAL!
MACD looking EXACTLY how we want to see it before a pump!
This is a low risk situation IMO!
GET READY, ITS LOOKING TO BE A GOOD DAY FOR ALTS!
✅DOTUSDT - Again, it did as we presumedBYBIT:DOTUSDT
1H trend chart
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Congrats! Remember to take some profit at 1st TP if you are following my trading plan.(link as below)
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Next, you can hold it until TP2, or even TP3.
Also could sell it anytime you satisfy!
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Anyway, have a great profit!
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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!
DOT/USDT : Breaking out the pennantBINANCE:DOTUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#DOT is breaking of the current pennant now !
EMA50 has reached the movement so it can be the next support after breakout or rejection from here.
Also MACD is having a bullish crossover and it's still moving in bullish zone.
- Factors are massively bullish for #DOT and based on FIB extension's level, It can Reach $60 after a breakout above ATH.
So current breakout can be a lead for #DOT to reach the ATH and the it'll follow #BTC for sure !
🔴 Nothing has been confirmed yet; So wait for the breakout confirmation and a retest on the broken trendline.
keep following this Idea, I'll try to update it after the confirmation ASAP.
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
DOTUSDT - Good time to take entry/Trading straytegyBYBIT:DOTUSDT
1H trend chart
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Price has finally broken out the downtrend line.
Also it took the trend line with a great solid candle.
Now, it is facing some resistance from Fib(0.5)
So, if price can be keeping at $42.225, trading strategy as below.
We can still gain a good R-R ratio over than 2
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Profit Targets:
a) 44.81----Fib(1)
b) 46.22~46.785----Fib(1.272~1.382)
c) 49.985----Fib(2)
Stop losses:
a) 41.310----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DOT/USDT IN TRIANGLE!!Currently Dot Is In A Triangle A Breakout Can Get More Upside Movement But Im Expecting Breakdown Bcz Of Fear And Greed Index. Cuurently Fear And Greed Index Reached 82 Level.
What Is Fear And Greed Index?
The Fear And Greed Index Is A Tool Used By Some Investors To Gauge The Market. It Is Based On The Premise That Excessive Fear Can Result In Stocks Trading Well Below Their Intrinsic Values While, At The Same Time, Unbridled Greed Can Result In Stocks Being Bid Up Far Above What They Should Be Worth.
Stay Blessed..
This is too much Accumulation to be honst.This is so great to see the 40$ support act as a strong barrier in front of sellers and it's wreaking their momentum after all the supply "sellers" will be done from selling which is so soon as we can see throw the volume and momentum the price will explode and as you know too much accumulation = the higher the price it could reach (all of that is related to market fundamentals "the supply and the demand)
from technical view:
we can see Bollinger band width is getting tight which also mean there is upcoming move "either up or down" but with having so many factors beside it it's gonna be up.
and it case of patterns we can see the triangle shape is getting formed and it's showing up the potential end of the accumulation.
DOT LOOKING HOT... WHERE TO GET IN?POLKADOT is looking to be one of the few alts looking good here ALTHOUGH I DO THINK WE WILL SEE ETH, ADA, and some others picking up soon. (maybe BNB, XRP, SOL... we'll get to that!)
Personally I'd be looking to get in on this one after a pullback and anything above 34.00 I CONSIDER BULLISH
If we get some upwards consolidation as I predict we will, we can watch for Head & Shoulder patterns (INVERSE AS WELL) OR just good old bull flags however H&S Patterns REALLY GIVE NICE ACCURATE TARGETS!
This will be a good one to watch and if it breaks out to the upside WE WILL LOOK AT THE DOTBTC CHART for potential targets while it is in price discovery mode!
I DO THINK DOT is very overdue for a breakout so I do see good potential here!
PolkaDot DOTUSDT - HUGE Secret Ascending 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"!
DOT TRENDIt’s natural to be hunting for appealing investments inside the altcoin market right now. Once market leader Bitcoin scales to a new ATH, alts might be waiting in the wings for a rally in their very own. Now Polkadot makes a robust argument that its anticipated leap could come sooner than most of its peers, attributable to bullish market conditions.
If that is not an opportunity, i don't know what is opportunity
i really won't speak that much and tell you guys all Ethereum competitors broke their ATH in last couple of months like ADA and SOL and it's time for dot and i wont speak on how dot is revolutionary as long term investing cuz of the Decentralized Web 3 or the auctions.
Dot is just gonna fly like what i said with BNB when it was 41$ or ADA when it was 0.75$.
(DOT) POLKADOT - Cup and HandleHello everyone !
Today the Black Cat Trader is analyzing DOT based on a weekly chart.
What we can see :
- A nice Cup and Handle pattern has been printed on the weekly chart. We can see that prices recently broke the neckline at 37.80 $
- Using the pitchfork (low : 3,60 high : 49,78 Low : 10,37) we can see that prices are stuck between the median line and the intermediary lower line of the pitchfork.
What we can expect :
- The ideal scenario would be for prices to make a pullback on the neckline of the C&H pattern at approximately 36,50$ and then take off to go even higher. You can see that the expected pullback area is located exactly where the intermediary lower line of the pitchfork is.
- Using the trend-based fib extension we can mathematically expect prices to reach two targets that match with our C&H objective too (208,25$).
Take profit 1 : 85$ (1.618)
Take profit 2 : 131$ (2.618)
Take profit 3 : 177$ (3.618)
Take profit 4 : 208 $ (C&H objective)
Support 1 : Neckline of the C&H / Intermediary lower line of the PF
Support 2 : Mid-term ascending trendline
Support 3 : Lower line of the PF
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)