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Polkadot: overview for August 23The support level was broken on the Daily timeframe on August 19 breaking through $7.68, and the trend is bearis h now. The market has been in the correction wave for the last several days. A pullback selling opportunity will appear after the correction is finished and a bearish candle is formed on the Daily timeframe. If the downward movement continues, then the price can move towards target #1 . It is the support level formed on July 25 – 27. Its borders are $6.71 – $6.52. If the new support is formed in the coming days, it will be the first target. Short positions will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of August 10 – 15.
Short
by JIexa1701
Huge pump, If DOT renew it`s lows🚀Hi friends! DOT is close to it`s $6 lows where a lot of long traders stop losses are set. It`s the nice area, where the big player can collect enough liquidity to open a long and a huge growth can continue. 📊 The preconditions to open a long: 1. false breakout of the $6 key level where a lot of retail traders sl`s are set 2. volume growth which confirms that buyers makes it`s purchases 3. DOM and Footprint show us the huge LIMITS WALL to buy 4. of course, bullish BTC help DOT to PUMP 🚩 Last time DOT wasn`t strong enough to make break up of the rising wedge. It will be nice to see the strength of buyer during the false breakout of $6 key level and DOT will go to grow and brake up the falling wedge. 📊 The targets: 🔥 $9-9.5 - the closest value area and the resistance 🔥 $11.9 - the key level 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
Polkadot (DOT) - August 18hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) The key is to keep the price above 7.16 and move above 11.72. (1D chart) Resistance: 11.72 Support: 6.89-7.74 To rise above 9.75, it must be supported and climbed at or above 6.89-7.74. If not, you should be cautious as this could lead to further declines. - As the RSI indicator declines in the overbought zone, - The Stoch RSI indicator has entered the oversold zone. Therefore, if the volume does not decline as the volume increases, it is expected to create a pull back pattern and rise. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (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
As I said 😎Hi everyone, Yesterday I talked about how DOTUSDT was going to retest an important support level and bounce from it which it actually did. (link down below) Today we are looking at BTCUSDT where we just did a retest of the lower time frame head and shoulders and we are now at the major resistance level. In the last couple days, I mentioned that we were going to retest that resistance level multiple times and it did that. For now, I expect the price to consolidate a little bit on that resistance level before we break it to the upside. Notice that we removed the liquidity that was sitting on top of the last peak. In conclusion, I think that we are still bullish and we are going to make some nice moves the 2nd half of the year. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
Support and resistance zones for DOT / USDTWe managed to exit the downtrend channel marked with blue lines and change it to the current uptrend marked with yellow lines. It is worth highlighting two areas of support that we have: The first zone FROM $ 8.81 TO $ 8.24 and the second zone FROM $ 7.36 TO $ 6.78. THEN WE LOOK AT RESISTANCE ZONES AND CURRENTLY WE ARE TESTING A ZONE FROM $ 9.64 TO $ 10.61 IF YOU CAN CHOOSE IT, ANOTHER IMPORTANT RESISTANCE ZONE FROM $ 15.49 - $ 21.30. IT IS WORTH NOTICE THAT ON A ONE-DAY INTEWRALE WE HAVE A LOT OF ENERGY FOR THE NEXT MOVEMENT AND THAT THE MACD INDICATOR CONFIRMS THE LOCAL IMPROVEMENT TREND.
by cryptodailyuk
4