Classic! Eth broke trend line and took off. Eth hit .50% -.382 buy zone, broke down trend line and took off.
Classic set up! look for these on all time frames!
#elliot waves
DOTUSD.P trade ideas
[Watch it] DOT broke its wedge.Technically Long, but still unconfirmed. Look for VOLUME.
Have a stop, as a Bitcoin slump may change the odds.
DOT downtrend lineDOT is being pulled down temporarily by BTC.
The RED trend resistance line is pushing DOT.
Watch for support on the PURPLE, previous breakout major resistance line or on the 0.618/0.5 fibs
Good Luck
POLKADOT // ALT COIN SHORTALT COINS ARE CURRENTLY LEADING THE MARKET
Most Alt-coins have already broken the 0.236 support on Fibonacci retracement, this means it will have an effect on the Ethereum and Bitcoin prices.
By the end of today Ethereum should be below 2450, and bitcoin will go to 36000 if it breaks 37545.
DOT: Time is clockingRetraction Using Gann Box and Fibonacci.
The analysis above indicates one of the possibilities of an uptrend.
DOT buy levelLooking for DOT to come back to the trend line and 38-50 fibs for a potential buy area depending on price action and RSI. First TP would be at previous high which is a daily level.
DOT Next steps $20-$22DOT has been revitalized. Look at key Fib resistance at $20.64-$20.73 range.
Not sure how quick a new trend will appear with the increased looks and buys for DOT but looking very strong.
Good Luck
DOT Bull Flag PT $21DOT is in a Bull Flag formation after a major surge higher and setting up nicely for a PT to $21... looking like continuation here.
DOT: First time 21 EMA has crossed above 34 EMA since May 19!This is super bullish for DOT... this is the first time the 21 EMA has crossed above the 34 EMA and is showing that funds and moneyflow is coming into DOT.... Next up will be the 21 crossing above the 55 EMA.
DOT keeps advancing target $18DOT is trying to regain some dominance.
$17 is cleared and next stop is $17.84 to recapture a previous support line.
Watch for Upper channel target of $18.
Good Luck
DOT has Officially Bottomed PT1 $21 PT2 $28 PT3 $38DOT has officially bottomed and is on a bullish trend towards the 200 Day SMA. You can see that the flag formation I drew a while ago has completed and I'm more confident the bottom of the entire wave 4 pullback in BTC is over.
DOT will head higher from here as the institutional interest is large and it already has smart contracts running on Shiden Network.
The first five parachains have launched on Kusama (DOT's sister network) and there is a fully functional DeFi platform via Karura ALREADY OUT and increasing TVL everyday!
apps.karura.network
I expect DOT to continue to release massive upgrades over the coming weeks and buying here is a massive discount to fair value.
It sounds crazy but the Schiff has DOT headed to $38 by mid-August - the target is the median line.
It could be that we begin to hear more bullish announcements related to Diem and how FB Diem is using DOT .... see here:
Pontem to Use Polkadot to Connect Diem and DeFi
If a bigger announcement comes out in the next couple weeks or if a new project milestone is met - expect DOT to head back to $50 by end of August.
DOT aims for $17DOT is looking to advance to upper channel and resistance at $17
As soon as $16 is clear, this could rally fast
Good Luck
Polkadot (DOT) - July 31Hello?
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(DOTUSD 1W Chart)
If the price holds above the 10.15772403 point, it is expected that the uptrend will continue.
The 10.15772403-16.14614892 section is an important section, and if the price is maintained above the 16.14614892 point, it is expected to create a new wave.
(1D chart)
It remains to be seen if the 12.72032975-15.71092198 section can find support and move up.
If the price holds above the 15.71092198 point, it is expected that it will revert to an uptrend and move higher.
If it declines from the 10.15772403 point, it is likely to enter the mid- to long-term investment zone, so you need to trade cautiously.
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(DOTBTC 1W chart)
The 39108 Satoshi-48719 Satoshi section is an important volume profile section.
It is important to keep the price above the 39108 satoshi-48719 satoshi range as no proper wave was created.
We'll have to see if we can find support at the 36000 satoshi point and move up to the 39108 satoshi-48719 satoshi section.
(1D chart)
It remains to be seen if the 38377 Satoshi-44645 Satoshi section can support and rise.
If it declines at this rate, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
If the price holds above the 44645 Satoshi point, it is expected that the uptrend will continue.
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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)
DOT touch & go I think DOT completed the correction when it has returned to bottom of the long-term trend line at $10.5. The bounce was followed by increased volume which is indicator buyers took over control. RSI is stepping up and has moved beyond 50 level. Chart is looking good and every price that is close to support trendline (red line) is good buy (NFA). If Bitcoin stay stable and continue to rally, DOT should move up in price as well and return to ATH and beyond.
On a Weekly time frame DOT closed as bullish hammer which is very positive sign. Over the weekend monthly candle will be formed which will be important indicator for future price development.
