Polkadot DOTUSD Possible Bullish ScenarioThings to Note:
1. Price moving in Megaphone Pattern for the last 2.5 months
2. The target level of this pattern on the upside is $35.
3. Nearest support zone lies at $28-30
4. On the downside, if 28-30 doesn't hold, we can see $20.
5. Since we are in the Bull market, it is more likely to BO to the upside.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Dotusdtanalysis
DOTUSDT 4H The price is in a price range and moves between support and resistance levels
In the last collision with the ceiling of the channel, the price performs a sharp breakout downwards. After Sharp Kendall moves, it creates a long show.
After the creation of Long Shodo and near the support, the selling pressure of the price decreases. Currently, the price is on the support level and can make higher returns.
Due to the previous move, the price is expected to create a suffering box for the support procedure, and after that, by breaking, it can create a sharp movement.
DOT Big Comeback! - Fibonacci AnalysisDOT is coming back with a BANG! It bounced back of strong at 0.78 Fib support and heading North.
Buy Zone: $32 - $38
Take Profit #1 $45,89
Take Profit #2 $48.27
Take Profit #3 $53.90
Disclaimer: This is not a financial advice. This information does not provide individually tailored investment advice and does not take anyone’s circumstances into consideration when discussing investments, nor am I registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.
DOTUSDT Double BottomsDOTUSDT has created Double Bottoms and completed a strong bullish breakout.
After the breakout, we have seen throwback from 37.71 the broken zone and now waiting for trading volume to open a buy trade near 45.00 to 47.
NOTE: Only buy when you see volume in the Circle. Otherwise, the setup will be invalidated.
Buying Zones
BZ1 45
BZ2 47
Stop Loss
37.15
Short Targets
TP1 52
TP2 60
Long Targets
TP3 70
TP4 76
It's a Spot Trading Setup. You will be responsible for any loss if you take in the Futures.
Happy Trading!