DOTUSDT
DOT cup and handle#DOT/USDT
$DOT shaped a Cup & Handle pattern in 1h time frame!
🐮 breaking out the middle and upper line of descending channel that is the handle will confirm this pattern and will bring it up to touch 2 fib level of the cup which is around $8.4.
🐻 breaks down from the lower line of channel will invalid this pattern and can drop price to middle line of daily descending channel around $7.
Next Cycle for DOT Would Take Us This High...Hit follow to stay updated and the Like button if you find this useful.
This one's real simple. Consolidate on previous 3rd wave top and blast off to 100$, If we fall back into the range then likely an A wave of an ABC in red and the previous 5 wave cycle is correcting itself.
I'm leaning bullish on this one. We have had upwards of 30+ dollars tagged for the first cycle in the discord since December. We've had this pegged since 3-5$ and has been a huge gainer thus far.
If you don't have some DOT then here's the next area I'd be looking to consolidate at to pick some up for the next cycle.
Thanks for following and liking. Stay tuned for updates.
Polkadot: overview for August 23The support level was broken on the Daily timeframe on August 19 breaking through $7.68, and the trend is bearis h now. The market has been in the correction wave for the last several days.
A pullback selling opportunity will appear after the correction is finished and a bearish candle is formed on the Daily timeframe.
If the downward movement continues, then the price can move towards target #1 . It is the support level formed on July 25 – 27. Its borders are $6.71 – $6.52. If the new support is formed in the coming days, it will be the first target.
Short positions will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of August 10 – 15.
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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DOTUSDT - SELLHello traders,
today I have prepared an analysis of DOTUSDT for you, as with all other cryptocurrencies, we are in consolidation, which may send the price up or vice versa down after the end, but soon we will be in a very strong supply zone. After creating the signal I want to sell.
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Huge pump, If DOT renew it`s lows🚀Hi friends! DOT is close to it`s $6 lows where a lot of long traders stop losses are set. It`s the nice area, where the big player can collect enough liquidity to open a long and a huge growth can continue.
📊 The preconditions to open a long:
1. false breakout of the $6 key level where a lot of retail traders sl`s are set
2. volume growth which confirms that buyers makes it`s purchases
3. DOM and Footprint show us the huge LIMITS WALL to buy
4. of course, bullish BTC help DOT to PUMP
🚩 Last time DOT wasn`t strong enough to make break up of the rising wedge. It will be nice to see the strength of buyer during the false breakout of $6 key level and DOT will go to grow and brake up the falling wedge.
📊 The targets:
🔥 $9-9.5 - the closest value area and the resistance
🔥 $11.9 - the key level
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
POLKADOT PERSONAL ANALYSIS IN THE LONG TERM (SHOCKING REVEAL)The total evaluation for DOT asset is bearish . Please be mindful of your risk management when it comes to buying at certain level. It is truly key to recognize designated levels at which volume and trading activity can be found, I have already provided you with the volume profile on the left to assess your judgement. The green line as it shows is a representation of market structure activity that truly respects the descending triangle , however any move significant enough to breakout and confirm its stand outside of this is more than welcome. Hey, no one wants crypto dead you know! However, until then, I will short every rally in accordance with the November 2021 trendline and descending triangle trendline.
You may save this chart for future reference. Bookmark it! Do not forget to like, share and comment :D -- Come back here again when it plays in our favor or not!
Rising Broadening Wedge DOT 4hrA Rising broadening wedge is a bearish pattern most of the times
must break resistance line of $9.17 and flipping it to support.
if failed and price fell again $8.96 is the last support line
Breaking all support lines would have a potential dump to $7
$9.67 would be our current resistance on the uptrend
breaking this resistance lead us to around $10.5 which is the upper resistance of the wedge
Support and resistance zones for DOT / USDTWe managed to exit the downtrend channel marked with blue lines and change it to the current uptrend marked with yellow lines.
It is worth highlighting two areas of support that we have:
The first zone FROM $ 8.81 TO $ 8.24 and the second zone FROM $ 7.36 TO $ 6.78. THEN WE LOOK AT RESISTANCE ZONES AND CURRENTLY WE ARE TESTING A ZONE FROM $ 9.64 TO $ 10.61 IF YOU CAN CHOOSE IT, ANOTHER IMPORTANT RESISTANCE ZONE FROM $ 15.49 - $ 21.30.
IT IS WORTH NOTICE THAT ON A ONE-DAY INTEWRALE WE HAVE A LOT OF ENERGY FOR THE NEXT MOVEMENT AND THAT THE MACD INDICATOR CONFIRMS THE LOCAL IMPROVEMENT TREND.