DOTUSD.PM trade ideas
Chart of the Day: DOTUSDBreakout with increasing relative strength, expanding positive MACD and 20EMA Daily clearing from the 50EMA Daily
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DOT OPORTUNITYCRYPTO PREMIUM SIGNAL:
📊DOT/USDT 📈BUY LIMIT: 27.91
📍SL 25.20
✅TP 29.46
✅TP 31.74
✅TP 34.48
Leverage 5x
📝After breaking the figure formed we expect after our various analyzes that the price is supported by the support formed in the old resistance and that the price will dip upwards, having the opportunity to earn a few hundred dollars in the next few days.
Polkadot +29% Incoming ($38.83) Last time we saw a green dot indicator on the 2hr we saw a 29% increase over 3.5 days (45 bars) with no money flow. Today we just confirmed a green dot signaling a strong reversal of trend to the upside. In trend follows suite we should see a +29% increase probably more with the substantial amount of money flow.
PolkaDot DOTUSDT - HUGE Parallel Channel on the Daily chart!- 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!
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PolkaDot head and shoulders patternNoticed what seems to be a head and shoulders pattern in Polkadot. Following an uptrend that started on July 19, 2021 Polka Dot now seems to be on the bottom part of the right shoulder. Fairly new to TA but from what I recall this is trend reversal pattern, and it would be expected to see a downward trend. Crypto currency in general does not behave similarly to equities and so this pattern likely signals nothing. Just thought it might be worth noting the pattern.