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DOTUSD Potential for Bullish Rise | 28th July 2022On the H4, with price breaking the descending channel, and showing a bullish flag pattern, we have a bullish bias that price might rise from our buy entry at 7.52, which is in line with pullback resistance to the take profit at 8.46, which is in line with overlap resistance. Alternatively, price may drop to our stop loss at 6.55, which is in line with the swing low support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BINANCE:DOTUSDLong
by Rockqet
Long Polkadot (DOT) vs USDTDOT finally found floor at $26. This area had to be tested as support once again and now it's ready to challange the ATH's IMO. DOTUSDT is testing MA200 from below and as long it trades above it and flips it to support, I'm bullish on DOT. This is an aggressive entry here, more convention entry would be once it flips $33 to support. One of my favorite crypto project out there that hasn't shown it's true potential yet. It's a Top 3 project IMO. Make sure to take profits on the way up. Good luck.
BINANCE:DOTUSDLong
by Cool_Dog
2
We just started the Crypto Season.🎊Hi Traders, After that crypto experienced the best days after "Crypto Winter", July is beginning the season with some bullish moves. However, at this moment we are having some red days one after another. As we can see in this H4 chart, BINANCE:DOTUSDT is consolidating in a small range at the moment. The pattern we are seeing is either a Bullish Flag or a Descending Triangle, as it is also testing the support that it created after forming an Inverting Head and Shoulder on the Highly timeframe. It looks like it is breaking to the downside, which is normal since there is some Liquidity residing below that retail Support. As well as it is Pull backing to the 0.5 Fibonacci level after the move.
Long
by yassin_khanji
DOTUSDT Preparing a HUGE Run-UpHi Everyone, Yesterday we mentioned that BINANCE:DOTUSDT was making a Pullback into the 0.5 Fibonacci level and it almost touched it. After breaking above the falling wedge (bounded by the yellow lines),BINANCE:DOTUSDT after that it consolidated for many hours in a tight range inside a wedge. As of right now, we are inside a Bullish flag, at its resistance level precisely. If it closes above the pattern, we might buy at the retest of the flag. However, if we don't break it, we will most probably look for a buying opportunity at support (of the flag).
Long
by yassin_khanji
2
Polkadot (DOT) - July 25Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) It is important to be able to rise above the 9.26-10.13 section. To do that, you need to make sure you can climb above the 7.16-7.74 section. (1D chart) Primary resistance: 8.49 Secondary resistance: 9.26-10.13 1st support: 6.60 2nd support: 5.19-5.67 We need to see if we can break above the 60 SMA line. ------------------------------------------------------------ ------------------------------------------- ** 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 MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** 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. (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.) ---------------------------------
by readCrypto
2
Polkadot - Bullish Divergence still in play Polkadot has a similar story to many alts and arguably Bitcoin itself. It had a decent Bullish divergence confirmation on July 13th, but has had a weak bounce since at only 34% to the high at $8.00 but if we can hold this area of support/demand in green at just over $7 then I think we could see this bullish divergence push higher toward $10-11.00 Below $7 I see us testing the lower green demand zone at around $6.50 and below that, well, we will see new lows imo. Definitely need to hold the first green area to remain bullish in the short term, otherwise it looks weak and frail for another leg down. Not a terrible time to begin accumulating if you're interested in this project long term. Remember, DOTS high was $54 USD which is a measly 650%, just depends if you see it breaking that high in the future. Again, accumulating over time because it could easily see $4-5 in the near future where you want some capital set aside to take advantage of when it bottoms out, if you believe in it imo. V
by cryptovatsik
DOT SHORT 4H INTERVALHello everyone, let's take a look at the 4H DOT vs. USDT chart. As you can see, the price has dropped below the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 7.38 T2 = $ 7.51 T3 = $ 7.62 and T4 = $ 7.73 Now let's move on to the stop loss in case of further market declines: SL1 = $ 7.26 SL2 = $ 7.00 SL3 = $ 6.77 and SL4 = $ 6.43 Looking at the CHOP indicator, we can see that in the 4H range we still have a lot of energy, while the MACD indicator shows a local downward trend.
Short
by cryptodailyuk
DOTUSDT 12h Possible scenario movement for Polkadot priceToday we will analyze the local situation on the DOTUSDT price schedule. But to begin with, we recommend that you familiarize yourself with our global idea of ​​DOTUSD on a 3-day timeframe. At the final price squeeze, sellers managed to spill the price below $6.36 to $6.02. However, buyers sharply bought the decline and closed the trading day at $6.46, after which the growth continued. If we compare the price rebound of DOT with other altcoins, we can say that it is average in terms of values, maybe even weaker than the average statistical rebound. However, if you believe in the prospects of the Polkadot project and ecosystem, but did not have time to buy it at the bottom, then fate may give you a second chance. Buying in the area $6.65-7.00 And further growth is possible according to the following route: $7.00 - $9.00 - $7.50 - $10.00 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
39
Polkadot Closes Full Green (100% Or More Still Available)Yesterday Polkadot (DOTUSDT) produced a full green candle and managed to close above EMA50 for the first time since March. The doors are open for massive bullish action. We have multiple targets to the upside but MA200 or the 1.618 Fib. extension level is the main one. From the current price, that's a 100%+ potential. (1,000%+ on 10X lev.) Are you certain that prices will go there? We have the same bottom pattern we looked many times in the past. Each altcoin trading pair that had this pattern, low on 12-May followed by lower low 13-June, etc. have gone all the way up to MA200 and EMA300. Polkadot is no exception, this altcoin pair will also grow. Namaste.
Long
by AlanSantana