DOTUSD
DOT RUNNING! - UpdateDot has broken past the local golden pocket and the final major local resistance, and is currently pressed against the top of the major golden pocket,. which tracks back from the May - July dip.
Chart Patterns:
Dot rejected the bearish head and shoulders pattern that I had previously predicted on Sept 30th.
The Head and Shoulders pattern from September could be looked at as a symmetrical triangle with a target price the length of the tail (around $44)
The technical indicators shown:
MACD - Has turned up and is bullish green, which signals to me that DOT will break farther upwards.
RSI - Shows bullish RSI divergence moving forward. Note, I have the bearish RSI Divergence marked from April - MAY which signaled the major dump. The bullish RSI divergence SHOULD be the same, but opposite, strength as what we had in May.
Fix Range Volume indicator: Shows we have broken past the volume resistance.
ITG Scalper - Shows a buy signal from about a week ago.
My strategy:
First off, I would like to note that DOT in my opinion has been manipulated HEAVILY in the last few months and should be a top 5 project.
I closed position between 38 and 36, and started looking for a buy position when DOT bounced off of the $26 mark. I entered around the $28 mark and currently holding that position.
If we bounce off of the golden pocket with force, I will close position and look to reenter around 30, or on the break upward past the golden pocket.
If we break past the top of the golden pocket, my targets are: $44, $50 (this is ATH), $62.
Currently looking for a price target at the end of the bull run $100 by December, $250 if extended.
This is not Financial Advice.
Chart of the Day: DOTUSDBreakout with increasing relative strength, expanding positive MACD and 20EMA Daily clearing from the 50EMA Daily
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DOT breakoutDOT broke out of our triangle pattern that has been forming since late august. We can see a strong bullish candle just tapping the most recent resistance level. If it closes above I will consider that a strong entry point.
We can also see the 50MA curling up and looking like it's about to form a golden cross. Volume seems to be increasing as well although there is room for improvement on that front.
DOT mirrored leveraged token. This is solely to look at in the future.
Green lines represent buy orders.
Dot Will hit 3 digits.
DOTUSDT Tries to decide direction!/Trading StrategyBYBIT:DOTUSDT
4H trend chart
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Currently, price is in a descending tunnel, and gained 3 support during consolidating
1) 144 and 169ema, now it gets back on 12ema
2) Price left a tail while rapidly broke down the bottom of tunnel.
3) Fib( 0.618)
With these 3 signals of bull, we could open position while tunnel is broken out, and trading strategy as below.
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Profit Targets:
a) 33.390----Fib(1)
b) 35.280~36.045----Fib(1.272~1.382)
c) 40.345-----Fib(2)
Stop losses:
a) 30.055----Orange horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!
Polkadot +29% Incoming ($38.83) Last time we saw a green dot indicator on the 2hr we saw a 29% increase over 3.5 days (45 bars) with no money flow. Today we just confirmed a green dot signaling a strong reversal of trend to the upside. In trend follows suite we should see a +29% increase probably more with the substantial amount of money flow.
DOT - two scenarios 🤔😱DOT as well as ETH and other altcoins are locally wedged in a triangle. If the price breaks through the upper boundary of the triangle, that would be a good buying opportunity. It is safer to buy after breaking through and retesting the triangle as support.
If the price breaks the lower boundary, DOT is likely to go lower.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
PolkaDot DOTUSDT - HUGE Parallel Channel on the Daily chart!- 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!
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DOTUSDt, POLKADOT USDT trade in the lead nowTrade active: DOTUSDT trade bounced back from 38% Fib level which trigger point to enter in DOT coin. I will prefer to enter DOTUSDT @ 26 level again and again to wait for 3X target. If trade crosses yellow triangle area then trade can bounce from supply zone area which is between $20-$15 level back towards 127% fib level. In both situation target and direction will be same.