Get started

Dotusdsignals

DOTUSDT completed Gartley | Upto 32.4% move expectedOn daily chart, the price action of Polkadot (DOT) has completed the final leg of Gartley pattern and entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern should be: Potential reversal or buying zone: $ 4.70 to $ 4.32 Fibonacci projection or sell zone: $ 4.99 to $ 5.72 Stop Loss: The potential reversal zone area that is up to $ 4.32 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 32.4% and as per the above-mentioned stop loss, the loss possibility is 8.1%. Note: Above idea is for educational purpose only.
Long
by moon333
1
DOTUSD, BTC movement shows confidence for DOT despite bearsIt has been an interesting 48 hours as DOT has bounced off a hard $6 sell cap. Once those orders were filled, it crept to a few cents above $6, but did not take off. I think this may have been due to several reasons, but I think there were a few causal factors. 1) XRP is stealing the limelight with an outstanding curve 2) BTC (KRACKEN:XBTUSD) had shown little interest in continuing the climb 3) DOT is an immature coin with a highly speculative future The fomo is hitting hard right now and we are seeing exaggerated bear traps across the board. I do not think those are a factor, YET. But we still need to be cognizant of the possibility of crowd mentality. Trading is some parts about math and most parts about psychology. So, looking forward to the next 6 hours, I think there is a good case for DOTUSD to climb past the previous high and clear the $6 mark. If we have enough momentum to continue past $6, we will see a sharp climb within the previous channel. Channel within a channel We've developed a secondary channel that is much more narrow as indicated by the cyan line. IF we have the momentum to break out of this channel, we can analyze our Fib graphs to see possible sell points. Don't let the bears win As we saw the fall off and sudden knee-jerk sell off, it is not supported by the 1D and 4H charts. The orange dotted bottom trend line has been on my chart for a few days now and has not been altered. I think it's important not to adjust it so we can keep track of the grumpy bears and wait for the bull traders to boost us back up to a positive rate of climb (gear up!). Upward Momentum The upward momentum is still existent in BTC, so as long as the market cap keeps growing, we can expect the market price to continue as well. Stagnation and bear traps mean that a sharp rise can occur at any time to correct in positive direction as well. Bummer Bear's Bottom Breakout Boo-hoo If the bears win tonight and stagnate the price action outside of the channel, then everything is null and void. We will reform in a parallel channel. There is no indication or reason for price action to be stuck where its at other than manipulation or bad sentiment. Good luck and much prosperity!
KRAKEN:DOTUSDLong
by popopig
DOTUSD Buy SignalPolkadot has been trading under a Lower Highs trend-line since September 01. Currently the RSI is rebounding off of the monthly Support Zone, so it is possible that this is the new Bottom. The first Lower High reached (even exceeded) the 0.618 Fibonacci retracement level, while the next one reached the 0.5. If is a progressive sequence, we can assume that the next Lower High will reach (at least) the 0.382 Fibonacci retracement level. That is currently marginally below 4.000. That is my target on a 1 week horizon. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Hunchocrypto1 --------------------------------------------------------------------------------------------------------
BINANCE:DOTUSDLong
by TradingShot
6