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DOTUSD trade ideas

Chart of the Day: DOTUSDBreakout with increasing relative strength, expanding positive MACD and 20EMA Daily clearing from the 50EMA Daily I appreciate if you write in the comments all your questions and instruments which you would like me to see analyzed. Thanks for pushing the like button, write your comment, and share with your friends. I would like to thank in you for all your support. P.S. It's important that you make your own analysis and trade within your risk parameters.
COINBASE:DOTUSDLong
by Stefan_Gauci
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! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:DOTUSDLong
by UnknownUnicorn2537518
7
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.
KRAKEN:DOTUSD
by herbeaton87
1