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
DOTUSD.P trade ideas
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.
DOTUSD falling wedge and rsiDot are close to break the cfork on RSI , he need to going to higher than 50 on the RSI (30)
Tips : Use the RSI 30 and not the RSI14 / TO MUCH NOISY
Dot break the falling wedge and retest the support
20% SL
0.5% capital risk
2.5% of capital
if sl hit : lost of 0.5% of my entire portfolio
enter 2 of 0.5% will be done when the RSI breakout
DOT-USD - bounce around $8-10, prime opportunity around $5.30Fibs and S/R are telling the story again I think.
If BTC does really make another capitulation move, I think that DOT behaves as the title states perhaps.
The $5.30 area has beautiful confluence with S/R and fibs, and I certainly have some buys around that area personally : )
The patch of S/R around 8 to 10 dollars does have some decent confluence, too, and I would be willing to be we get a decent bounce there.
Yep, this is jumbled as Hell : )
DOT Trading ChannelLook for a retest of the lower channel for profits.
If 4H turns lower look for further PT between 12.25-12.50
Good Luck
Will there be a Bull Market for Polkadot?Key levels: 49.80, 28.60, 10.36
Hello and welcome! The wave structure according to Polkadot looks quite interesting. Since May 2021, the price has been in the corrective phase. This correction took the form of a zigzag. Counting the waves shows that this zigzag can be completed. If this is the case, then there is a probability for the unfolding of the third wave, which may be extended.
Also, I do not exclude that this zigzag can only be the first leg for the double zigzag wave 2.
DOT Bullish SharkDOT has a bullish shark pattern with the PCZ at the .886 retracement of about 8.2, it also has potential triple bullish divergence on the daily MACD
Polkadot | Big buy zone aheadBINANCE:DOTUSD
Think the green zone provides decent entries for a swing long for Polkadot. That's the idea. Trying to keep it as short as possible and concentrate on Bitcoin for deeper analysis.
Be patient and stay safe.
DOT ready to go?Staying neutral for now. I am waiting for a retest on the supply zone and then hope to see a pullback. Once it gets back to the demand zone I will look to place a long position. So seeing as it broke the triangle this usually means the uptrend will hopefully happen. Let's see how the prize reacts. Don't predict. Plan. :)
Dot Looks Extremely Cheap...Great coin and it's at the point now where I'm deciding to add more, I believe this coin will be well over $700 sooner than people think (1-2 years), Fear is high and the market is on sale once again this is the perfect time to start scaling into your favorite projects that have staying power.
Polkadot BottomQuick Update.
- if by chance DOT dip around 10$ ish, it's a free buy to charge your bag.
- Check BB Bands.
- Check January accumulation phase.
- i will link my previous DOT analyse in comments.
Happy Tr4Ding !
