DOT resistance trend lines to overcomeThose 2 YELLOW trend lines will be important for DOT to advance to $30 (GREEN)
After each line is taken out, expect strong bullish action.
If rejected, DOT could face more lethargic activity.
Good Luck
DOTUSD.P trade ideas
Polkadot (DOT) - August 25Hello?
Welcome, traders.
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Have a nice day.
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(DOTUSD 1W Chart)
If the price is maintained above the volume profile section formed in the section 10.15772403-16.14614892, it is expected to continue the upward trend.
(1D chart)
Support section: 20.26700243-23.03314771 section
Resistance section: 29.84923340-33.86828748 section
It should move above the 38.69059855 point to accelerate the uptrend.
If it falls in the section 20.26700243-23.03314771, Stop Loss is required to preserve profit and loss.
However, it is possible to touch the section 10.15772403-16.14614892 and ascend, so you need to be prepared for this.
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(DOTBTC 1W chart)
What you can see from this chart is that the volume profile section is being formed in the 39108 Satoshi-48719 Satoshi section.
Accordingly, if the price is maintained above the 39108 Satoshi-48719 Satoshi section, it is expected that the upward trend will continue.
(1D chart)
It remains to be seen if the upward trend can be continued by rising above the 59700 Satoshi-62755 Satoshi section.
If it goes down, we should see if there is support in the 38377 satoshi-44645 satoshi zone.
If it falls in the 32421 Satoshi-36000 Satoshi section, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
$DOTUSD ... added more $DOT ... 26.00Added more $DOT at 26.00. Bottom of bull channel. Thankful for the dips as of late.
Winning Polkadot downward prediction for August-23-2021As indicated with marked 24-hour interval on the chart (8 AM ET August 23 -> 8 AM ET August 24 ), we had another correct prediction for Polkadot. The Remote Viewers from Precognitive Trading Group correctly predicted the Short direction for Polkadot . The data was collected through a scientific remote viewing protocol based on blind intuitive tasking for a professional Remote Viewer. The data indicated that the Polkadot will decrease in price during the observed 24-hour interval.
Thank you.
DOT in ascending channel currently looking for a breakoutDOT is one of the most promising and exciting new cryptospaces. Currently it is stuck around $28 or so at the top of its ascending channel. Its current price point was support for several dips in spring but has now turned into resistance. A breakout over the top of the channel here could push DOT on a rally towards its previous ATH of $47. While DOT has had a strong August, it still got hit harder than most during the mid-cycle correction and still about $40 down from ATH levels. It is possible to have a similar move as AVAX and Luna Terra which also fell extremely hard but are now inching towards or blasted past new ATHs.
I am looking to long until a potential September shakeout and take profits.
DOTUSD DIPBUY POSITIONDOTUSD Daily analysis.
Follow the trading risk management analysis;
With the dip, I will be entering the market with the follow.
Strong resistance; TP: 29.7380
Buy: 26.5400
SL: 26.1449
Always trade safe and Good luck!
Polkadot Advance Continuation pt. 2DOT/USD Continuation
Accumulated Gains Since Preliminary Entry (19.25): 50.07%
Prognosis: Dot fired up another leg into a new set of Fibonacci target Zones. 1.272% already hit and seeking more expansion. Possible retrace to 1.0 with reconsolidation.
Had you entered this trade with me at the preliminary and taken profit during the advancements and not exited, you would've netted 50.07% gains in 17 days. Not a bad return!
*Do you like big wins and big money? Do you have strong hands and patience?
I'm a full-time Wyckoff VSA crypto swing trader (since 2017) and I regularly seek out the most lucrative swings available on all the major exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones.
My win rates are between 80-85%. Follow me on TradingView and see for yourself.
I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals).
** Not financial advice. Please trade at your own risk.
DOT power moveDOT is aiming for $30 and has reached upper level and breached the pitchfork. Heavy resistance will be seen at this height.
Keep your eye on that YELLOW major ATH descending trend line. Once that is breached, DOT will move to ATH very quickly. It may not do that this pump. so watch for it
Good Luck
Short for me - bearish DIV on 4h in almost asset classes ATMHi folks!
See my latest posts for more perspective!
I will not take much of your time here, as it is just an update on previous ideas in BTCUSD:
We have had a massive bearish DIV on both RSI, MACD and Volume in almost all asset classes (BTC, major alts, stock indexes etc.) since the very end of july.
Thus, my reasoning applies to those assets as well although posted under DOTUSD.
Consecutive sell signals based on concurrent DIV in RSI and MACD on 4h very often lead to drops far below the first sell signal in the consecutive series.
I believe that the bullish move we saw since yesterday is a bull trap.
We might see a further bounce here, but trading is a probabilistic game and imo the expected value of a short here is tempting
- I just placed a short from 26.71 with SL 31 and TP 17.1.
To be even more sure, a suggestion is to wait until we potentially see a new DIV on the 1h as well on an even higher top - I would add to my position in that case.
DYOR.
NFA.
Never tak the words of others as a given - and do not take advise from anyone without skin in the game.
I wish you all well!
Long term play DOTLong term play DOT
Playing the ATH game for L1 with DOT, taking into consideration that it could dip 30% before going up
PolkaDot DOTUSDT - Secret Parallel Channel, new ATH soon!- Polkadot is strong on the daily timeframe, as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the daily time scale, we can spot a huge blue parallel channel, which acts like a support and resistance.
- Target top of the chanel or 1:1 fib extension on the daily chart.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Due to my Elliott wave count, the correction is totally over and we can expect a higher prices!
- If you want to see more of these ideas, hit "Like" & "Follow"!
DOT Long - Target $100SUMMAR: Long, final 5th wave impulse with a target $100 - super bullish
-- Technical --
ABC correction complete, broke out of large falling wedge, moving out of the accumulation phase.
Forming HLs and HHs.
Above the EMAs and MAs and almost above the 200 MA (very bullish sign).
Consolidating between 200 MA and EMAs with an uptrend.
-- Fundamentals --
DOT is the answer to ETH's scaling problems.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Dot derpderpin at dot. i am new to this, this is for my own journal. i drew some horizontal support lines from the past couple weeks. it's currently still on its uptrend but if it breaks down ehre i have the support targetsas horizonal lines
ETH and DOT evolving the sameA comparison between ETHUSD and DOTUSD
Massive upside will be seen for DOT if it plays out the way ETH did
Lets see how this develops further
DOT to $30Once DOT leaves the upper level of the pitchfork it will run up to the 1.272 fib at $29.83
There is a recharge to enter near the YELLOW line
Good Luck
Make or Break Level !!!Hopefully DOT takes support at the Blue line and gets back up in the rally.
Good to enter for long term.
Bullish on DOT.
All the Best
Regards
Golden Cross Signal !!!If holds $ 23.00 level good to go long
Target $ 24.5 & $ 29.00
Like, Subscribe, leave comments and support by Donation of Coins, if you need me to keep doing my analysis on a Pro Account.
Regards
DOT movements on fibsThe orange fibs are support and blue are the resistance and golden fibs - `I expect to see the last resistance fib to touch in memory to then turn bullish... September target 28.
DOT prepares for $22Watch for DOT breakout above the yellow descending trend line, could finally give the impulse to $22
DOT dominance (DOT.D) needed a cool down and is gearing up for 1.19 again
Good Luck
DOT Long- 30m MSB
- 4H close above LG
- 4H LGR created, was a sweep of the lows but managed to stay above the top of the closest LG.
Targets are the next above LGs.
My bias is up, we're in an uptrend. Nice scalps to make here.
