Dotusdtlong
DOT explosion?Here we go, guys. This baby is boiling up. DOT has broken resistance with great volume and has now been successfully retested. It is a great buy opportunity with 36 as a target. How BTC will behave in the next week or so will dictate how fast DOT will reach its final short-term target of 50 dollars. A 3-month HnS has been complete. However, DOT now has to hold above the resistance without falling below the old low. Right now, it looks really healthy and ready to shoot up.
Tomorrow I will plan a live stream if you are interested, where I will go through BTC structure and my thoughts on possible future movements.
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DOT 4H uptrend price actionThe current impulse wave faced a resistance area (purple PRZ) which price showed lots of reactions to this area before. the short term correction wave can be ended if the price shows a meaningful reaction to the static PRZ (green PRZ) which is reinforced with level 38.2 of Fibonacci retracement. if the price break this PRZ down with a full body candle it can decrease to the bottom line of the channel where the level 78 of Fibonacci and static PRZ (blue PRZ) can support the price.
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DOTUSDT : TP1 Reached ✅ +42% ✅✅✅Last Analysis In 12.Aug.2021 : In this area where the price is located, a very good opportunity has been created for the buying position, the Stop loss and capital management should be observed .
Target 1 : 29$
Target 2 : 35$
Target 3 : 48$
Now : Result : TP1 Reached ✅✅✅ +42%
DOT is in an uptrend, The trend is your friend. You will never know when the trend ends, on the 4H Chart, it's textbook analysis that we are trending upwards.
Until you see a rejection in more upside, and breaks the trend line, you can consider some shorts, as for now, you're good if you're long.
Take profits when it breaks the trendline on the 4h chart.
💡Don't miss the great buy opportunity in DOTUSD @PolkadotTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (20.99).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOTUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 24.58
TP2= @ 28.62
TP3= @ 31.31
TP4= @ 35.10
TP5= @ 42.63
SL= Break below S2
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DOTUSDT CwH Formation | Breakout & Retest DoneDOTUSDT CwH Formation | Breakout & Retest Done +74% Profit Ahead
NOTE: Do your own analysis. Do proper risk and money management. Spot trading only.
Do not use more than 10% Risk of your account.
Entry: 21.016
TP1: 23.990
TP2: 26.097
TP3: 28.576
TP4: 31.302
TP5: 36.755
SL: 18.785 | 10% Loss