DOTUSD trade ideas
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.
DOT_SHOT , 20USD ~ 25USD 2021_09_28 Hello
This is a polka dot chart.
Most coins are downtrend.
In fact, I'm keeping my short sell and I personally think Bitcoin hits 38K.
I have a personal opinion that Bitcoin will go up after reaching 38K, so after Bitcoin reaches 38K, I will buy back and watch the ups and downs before going into a short buy.
this is just my personal opinion
Good luck everyone.
2021-09-28
Head and shouldersCrypto does not produce anything no matter what people who are passionate about crypto say. It is a ponzi scheme and it will never replace the US dollar.
With that being said this is another opportunity to short. Head and shoulders where the right shoulder is taller than the left shoulder are my favorite and we have one here. Good luck
bearish on dot for trade I am looking at this 15 min chart and thinking we will see dot hit $26USD again before we continue on the full bull run again. if this is the case my long positions will execute and I look to settle them within 12 hours and take 10%.
this is not financial advice just an idea I am looking to do.
DOT update 9/21 9:00 AM ESTDot has broken the downward channel from yesterday and is currently at the tail end of an upward trajectory. Using our fib I see a pull back to the 28-27 levels. Long-term (the next 2-3 months) I see a lot of positive momentum for DOT. Massive fundamentals will be pouring into the polkadot ecosystem and I see this making the price soar up to the 40-50 range by years end and I feel within a year we will flirt with a $100 dot.