POLKADOT UPDATE | DOTUSDWould be great to see a breakout above the falling wedge upper line with a retest to form inverse H&S
If that happens, could easily run 50% towards $9.3-9.5 area
Things take time.
DOTUSD.P trade ideas
DOT break weekly trend, confirmation soon?DOT is undervalued...if you asked me. And now we see DOT break the weekly trend. If the weekly close confirm the break, we can see some big action. Interesting times now with many opportunities and "big range trading". Let's hope the bullish sentiment stays intact so we can ride on all our long-trades :)
Polkadot - Bullish medium-term scenario - Potential 50% gainsPolkadot forming a long-TF ascending triangle on Daily
2nd bottom & re-test of the ascending triangle seams to be confirmed by:
- RSI bottomed and about to breakout (same levels as mid-july 2021 selloff)
- Current overall market reaction
- 23.6 Fib level acting once again as nice support
- MA 100 & 200 seem to re-create a similar pattern as during mid-july 2021 selloff
Potential 50% gains until EO Feb 2022.
Entry at 19-20$
Stop loss at 17.90$
--> Target 28-31$
Happy Trading!
PolkaDot - Bullish NOW -Hi the "whales calves" - Following this week crazy (amazing/great) moves, even if Ethereum remains the one and well oriented to the upside, would consider PolkaDot for a change; as the technical configuration appears clear. Preference to consider that the market completed its wave 4 bearish consolidation and a new bullish acceleration to take place on the current levels... Have Fun - Stay Safe
DOT Potential Tower TopKeep an eye out for a potential tower top to form. DOT is testing the 4H EMA 8 and is above the 4H MA 200, though the upper shadows makes it look due for a tower top.
#Long DOTUSDSymmetrical triangle breakout observed from top.
TP set as per back of the triangle
Stoploss set few pips below the bottom slope of triangle
DOT - Bounce in sight
After reaching 2 of my 3 pullback targets (see related idea), DOT got back on the downhill wagon and set a new short term low.
Nevertheless, we had a nice rejection candle which also gave us bullish RSI divergence (red line). A break of the falling wedge would lead to a recovery with first target at the 7.70-8.00 region.
DOTUSDT Falling wedge + bullish divergence in many indicatorsI'm deeply in love, don't you know pump it up, you got 2 pump it up.mp3
DOT SELL!!!DOT just reacted off the demand area. Looking to sell towards the supply area for a swing buy position. Let's see how it plays out.
Big oportunity,RiskReward 1-5 it deserves a try "If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
DOT short from 6.5 to 5.5Short on DOT from 6.5 to 5.5, there's a lot going on in this chart, old downward sloping resistance being respected, old support becoming new resistance. also, downward trending support levels still valid
$DOT | In A Channel: Rinse & RepeatDOTUSD while not at extreme levels on RSI, is still touching upper Bollinger Bands in a tight channel signaling LESS volatility. Which means, it should follow a consistent path of UP & DOWN trend. Couple this with the fact of the previous candle rejected at resistant, I predict this price to come back down to below the 20 MA right before the short term support line.
Rinse and repeat type of trade here.
Dot Fractal...Think we could be shaping up for a big alt run where alt l1s do very well as networks grow due to a rapid increase in blockchain adoption.
PolkaDot - Bullish above 6.2290The outlook is leading credence to a further rise to the upper end of the last weeks flat trading range and the mustard yellow line joining the highs.
PolkaDot - DOT/USD - Bullish signal triggeredBINANCE:DOTUSDT triggered a bullish pattern (double bottom) and is currently accelerating up in a wave 3 - leading credence to a 'direct' further rise.
dotusd will correct for wave 2 then massive highim analysing a leading diagonal wave 1
I think we are in a correction for a wave 2 , let cross fingers to catch the boom
Polkadot longPolkadot broke trough off the upper boundary of descending channel. Bullish movement to resistance level at 7.6 is expected to happen.
DOT LONG IDEADOT is slowly moving down towards a strong support area in a descending wedge formation - I expect a bounce on or before this region
Polkadot: 22% drop or $7 retest ?Hello all and thanks for your continuous support.
As the entire market, so does polkadot headed south today.
Currently trading inside a falling wedge pattern, the chances for breaking bullish out of this pattern are very little. As such, my bearish price target for this pattern formation is $4.70. This is our 161.8% fibonacci retracement level.
The $4.7 is the lowest horizontal support level since December 2020.
Keep an eye on the descending line of support of this falling wedge pattern sitting at $6. If we loose this level we are going to $4.7. This will be another 22% drop. If the price successfully breaks above the fib golden pocket we have a chance of retesting the $7.
Thanks for reading, and stay tuned. Enjoy.
DOTUSD (Polkadot): Bearish Continuation
Dotusd closed below a key daily demand area.
Now, the coin will most likely keep falling to a current low - 0.602
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Alt Season...Many will instantly dismiss the idea of any cryptos going up anytime soon - however I believe we're in the early stages of an alt season/potential new bull run - this cycle could last years also and new highs will come naturally - ETH is probably the most important asset in the world right now and everything important is gravitating towards it - I believe everything is going on the blockchain to some degree and the infrastructure is being built before our eyes - the innovation spark of this next alt cycle will be layer 2s imo which will onboard loads of new users seamlessly to layer 1's like ETH making the whole Web 3 narrative a reality and speed up the adoption curve.
