DOTUSD-Double Bottom-Bullish DivergenceDOTUSD is playing between support and resistances and we will wait for it's upward breakout. As soon it breaks upward, we have placed a buy stop order. We have found double bottom and bullish divergence too.
DOTUSD.P trade ideas
DOT - What a time to be alive!Foremost, I have been very happy that our last analysis on Polkadot got a lot of positive comments. Thanks to everyone!
Our last analysis on Polkadot absolutely NAILED the projected wave count, the only small difference is that we established an overshooting (b) wave.
Nevertheless, a lot of the Polkadot chart hints towards a "Make it" or "Break it" scenario, I don't want to instill fear in you guys but wave (ii) retraced a lot!
Polkadot got very near the crucial 0.786 retracement, and it's of great important for me that we don't breach below this retracement. The count wouldn't be invalidated, of course, but the longer we stay at these low prices, the more I get impatient with the upcoming wave (iii).
Let me say this clear, especially for long-term investors, we are at very attractive price levels and the fearmongering I see on here is just ridiculous. Polkadot experienced a VERY BRUTAL bear market and lost nearly -93% of it's value since November 2021, bearish investors who now call for "another" -50% price drop should zoom out and really think this through again. Don't get me wrong, it's always important to cover alternative scenarios and one should never underestimate the irrational nature of the markets. But the way I see people on here out "Doom-post" one another is just misleading and fooling inexperienced investors.
Stay strong guys, don't act on panic in these times - these troubling times will soon come to an end!
Please note that we are already invested Polkadot since the 29th of July and the 14th of February 2023, back then we announced our first positions here on tradingview.
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long #1 Polkadot ( DOTUSD )
AVERAGE EXECUTION PRICE: 7.33
STOP-LOSS: NONE
LONG TERM TARGET: 55$ and more
Long #2 Polkadot ( DOTUSD )
AVERAGE EXECUTION PRICE: 6.01$
STOP-LOSS: NONE
LONG TERM TARGET: 55$ and more
DOT MEGA BULLISH CLOSE ON 1HR TFDOT recently pushed past all MAs and retested. Should fly here shortly, however. Obviously do your own research. This is just my take. Overall trend is confluent on multiple timeframes btw. I should really start actually putting more effort into putting our my charts. Anyway, enjoy the weekend and the idea.
Oh yeah....Macd about to flip and RSI is over 50...
dotusdt shortshorts on dot filled the imbalance on the daily timeframe by 0.5 removed liquidity on the hour, after 20 minutes the closing of the hourly candle will allow you to enter the minimum stop position
DOTAs the most of alts follows Bitcoin and showing a huge triangel pattern and most of them have broken out but not all. On weekly it could start breaking 50RSI and starts trending. Dot showing it could reach 20$ in May with its bull rsi div and triangel breakout.
Head and Shoulders Pattern Massive Head and shoulders pattern for dot with the potential for a substantial breakout to the upside. The weekly start supports this with a bounce from the downward trend line after the previous breakout
DOTUSDTDOTUSD
If you're interested in USDT pair, the chart is very clean.
Bottom at 0.702 fibs, which is bullish as long we respect daily 6.30$
follow the TPs on the charts
DOTUSD - Bearish trend at H1 DOT is printing LLs and LHs at 1 hour timeframe - sign of bearish trend
Polkadot - DOT breakout patterns🔵🟢🔴👀We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀
That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨
Have a great day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
DOTUSD | Bullish DivergenceDOT is showing bullish divergence and it may be the better time to take buy entry from support. So you agree with this analysis?
DOTUSD - Double Top indicating bearishDouble top formed with no observable divergence. Should break out to bearish trend.
Polkadot Elliott Wave My Count Polkadot elliott wave principle theory my count
I would be glad if you write your thoughts in the comments.
This is purely my opinion, not any investment advice, trading at your own risk.
DOT/USD - SHORTDate: 26/03/2023
Technical Analysis:
The market respected a supply/demand zone initially.
Price broke the demand zone, which is now acting as supply, and came back to test and closed with a bearish doji.
In the Fibonacci retracement of the last down wave, there is a correction at the 0.5% level and a close with a doji candle.
In the 1-hour timeframe, there is an engulfing pattern at the 0.5% Fibonacci level, indicating a final correction of the Correction.
The market is currently in a clear downtrend.
Trade Plan:
Take Profit Target 1: The last lower low.
Take Profit Target 2: The daily supply/demand zone.
Stop Loss: Placed above the last lower made.
Risk per trade: 1% of capital. However, it is recommended to wait for a correction to enter with 0.5% risk.
Please note that this is a professional and clear trade plan for informational purposes only. It is important to conduct your own research and analysis before making any trading decisions. Additionally, please always remember to manage your risk carefully and never risk more than you can afford to lose.
DOTUSD-1HR-TF-BEARISH FLAGThe bearish flag is a candlestick chart pattern that signals the extension of the downtrend once the temporary pause is finished. As a continuation pattern, the bear flag helps sellers to push the price action further lower. No sign of divergence so, we can easily rely on bull flag continuation pattren. Dow theory and reversal pattren will not play its role.
SELL STOP VALUES:
EP: 5.81
SL: 6.07
TP1 = 5.55
TP2 = 5.03
RISK @ 2%
LOT SIZE: 3.56
Dot -bullish flag, waiting for breakoutThe DOT has formed a bullish flag, we await the breakout. In the event of a breakout, $6,600 and $7,000 could be targets.
DOT / USD, Double Bottom Chart Pattern AnalysisAccount Size: 9670
Risk: 1%
Buy Stop: 6.4
Stop Loss: 5.95
No. of Coins: 215
TP-1: 6.9
TP-2: 7.4
DOTUSD 1H - Bear TrendAnalysis:
DOTUSD is currently in a bearish trend. If the price breaks below 5.92 which is previous lower low level, it will be a sign of bear trend continuation. In this case we can enter in a short trade. For this trade the stop loss will be at 6.48 which is the previous lower high level.
------ Trade ------
Type: Short
Entry: 5.92
Stop Loss: 6.48
TP1: 5.36
TP2: 4.80
DOTUSD-Bearish Divergence-Falling WedgeDOTUSD has shown a bearish divergence by using RSI indicator. Now it is forming falling wedge. We predict that it's price will have a breakdown towards downside and we will place a Sell Stop order.
Possible 3 of a 3 of a 3Cute little nest in progress (1-2 1-2). That's how the price reacting to the bankrun?
Polkadot's Bear RunThis one isn't as clear either and looks like it wants to reverse.
It looks like it wants to go up.
The bearish cross can lead to just that, a short-term reversal but it signals a mid/long-term drop.
Look at the volume, it has been decreasing.
The Altcoins move together.
What one does the rest follows...
Polkadot (DOTUSD) is also likely to go down before the next bullish run.
Namaste.
DOT PERSONAL ANALYSIS IN THE NEXT 1-3 DAYS The total evaluation for the Polkadot asset is bearish in both long-term and short term time frames. The weekly chart has an obvious arch to the downside but in the hourly chart, you can see a more detailed scenario of where and when you can put a proper short position with confirmation of resistance. The projection can easily go to the downside up to 5.15$ with a MAX weekly downside up to 4.8-5$ -- After that, DOT is a barren wasteland to trade so its better to trade other assets for a better idea on direction and position.
Please take in consideration as well the upcoming CPI inflation data report and make sure to take profits appropriately.
DO NOT BE GREEDY.
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-Wamses
Polkadot Bullish Divergencespotted some bullish divergence on polkadot which looks promising as one of the market leaders, and one of the strongest parachain tokens. would be neat to see it turn around and help the market as a whole
Weekend update - Polkadot and our alt.(ii)Quite a few traders reached out to me in the last days since I posted our first updates on Polkadot and Vechain. Both coins could gain further momentum in the last days and slightly overshot our wave (i) top estimation.
Today we start with Polkadot, and before we dive into the count, I would like to highlight that everybody should carefully read our assumptions about a possible alt.(ii) which can be seen on the chart.
We assume that Polkadot established its original wave (i) high back on the 23rd of January at 6.813$. Since then the coin moved in multiple a-b-c waves which as of now point towards an expanded flat correction in which the upcoming wave (c) should deal the most damage. So we expect a very similar movement in most altcoins in the next days, the movements in polkadot and solana resemble an expanded flat. The rules are the same as described in our last article, the price should enter the blue retracement box and from there on should gain bullish momentum again.
We provided a more detailed count below, featuring the important alt.(ii). As of now it’s difficult to estimate how long this wave (ii) correction will last and the important question is now – will Polkadot already bottom after the upcoming yellow wave (c)?
This scenario would mean that Polkadot will decline in a 5 wave impulse in the next days and therefore would finish the whole wave (ii) correction already. Because of this, we will start to accumulate in this next wave already and won't speculate on a lower wave (c) marked in red.
Investors who aren’t familiar with the Elliot wave theory might be overwhelmed with this count, feel free to ask questions below in the comment section or just message us directly – we are happy to help!
Please note that we are already invested Polkadot since the 29th of July, back then we announced our first positions here on tradingview.
Long Polkadot (DOTUSD)
AVERAGE EXECUTION PRICE: 7.33
STOP-LOSS: NONE
LONG TERM TARGET: 55$ and more
