DOT/USDT 1 DAY UPDATE Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
DOT/USDT is making huge cup and handle pattern Broke out the support level and retested it.
Entry: ACCUMULATE BETWEEN $34 TO 35.5
Targets: 80% TO 100%
Stop Loss: BROKE OUT AND CLOSE DOWN SIDE THE WHITE SUPPORT LINE
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
DOTBTC
Polkadot (DOT) - November 30Hello?
Welcome, traders.
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(DOTUSD 1W Chart) - Medium to Long-Term Perspective
16.15-20.27 or more: Expected to create a new wave.
Above the 33.87 point is the highs section and we need to see if we can sustain the price above this section.
(1D chart)
First resistance zone: near the 41.70 point
Second resistance section: 49.39-51.95
Support section: 31.45-34.02
In order to turn into a short-term uptrend, the price must rise above the 38.69 point to hold the price.
It needs to rise above the 43.98 point to continue the uptrend.
A decline from the support zone would likely lead to a drop near the 23.03 point, so a short-term stop loss would be necessary if the price fell from the 29.85 point.
Since the volume profile section is formed over the 10.16-23.03 section, it is expected to create a new wave if it is supported within this section.
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(DOTBTC 1W chart)
0.0003911-0.0004872 or more: Expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the 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.)
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DOT/USDTDOT recently created the new ATH and now aggressively corrected it back to the major support zone. Currently, the price is holding above the support level, around $38 - $40. It is a must coin for long-term holding in your bag. Price is now at the support zone, so you can start accumulating between the zones. New ATH is expected when BTC starts to move.
DOT/BTC: Entry opportunity after break outThe DOT/BTC price came back down to support near the 0.0007650 area. This brings an opportunity for entry, to ride the next wave to the upside.
Disclaimer:
I am not a proffesional trader or investor. I post my ideas and analysis for fun only. This is not financial advice.
DOTUSDT , The price is in ...Hello guys
whats up ? Are you in profit or not ??
According to the chart you can see the price is it in upward trend and we are in correction wave , We shown on chart 2 zone and we expect that the price can support from there and can rise to the target
You can buy step by step in their zone
DOT is one of the most powerful project that wanna make connection between blockchain with parachain and ...
Previous analysis :
Good Luck
Abtin
Comparing SAND with DOT, BTC
#DOT/USDT vs #SAND. 👀
- Break to a new all-time high!
- rejection at 1.272 Fibonacci
- find support and consolidate between these Fibonacci’s 0.618, 0.702 and 0.786
Then the next impulse should start!
Key hier is 0.618 febonacci must hold!
Even on BTC, we see similar sat up 😊 the first market movers usually show what to come
For the rest of the market.
#BTC
- Break to a new all-time high!
- rejection at 1.272 Fibonacci
- find support and consolidate between these Fibonacci’s 0.618, 0.702 and 0.786…????
Then the next impulse should start!
As long this long-term pattern is intact everything is #BTD in my eyes. dips are gift
#BTD=BUYTHEDIP!!
All 3 (2013,2017,2021)full #BTC cycles saw a "mid-cycle" correction after testing the 1.618 Fibonacci extension level and all 3 bounce off the 1.272 fib.
#PatienceMan always wins!!
It's literally the only thing you need right now if you believe that the macro top isn't in yet.
Don't get robbed with this market correction instead treat them as black Friday.
always think on the bigger Picture zoom out!!. Corrections are healthy and part of the journey. Up only is a meme
What Are Fibonacci Retracement Levels?
Fibonacci retracements are considered to be hidden levels of support and resistance in the market. They are derived from the Fibonacci sequence of numbers that was discovered by Leonardo of Pisa, a 13th-century Italian mathematician. Fib retracements are internal retracements since they measure a price move that exists within a prior leg. The most common Fibonacci retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Although the 50% level is not an actual Fibonacci-based ratio, it has many important characteristics, and as such, is included as a level within most Fibonacci retracement tools.
it’s important to understand that we need to select two important swing points for plotting all Fibonacci levels. Additionally, the more confluence that you have around a certain price level, the more weight we can put on that particular area as potential support or resistance level.
There are a myriad of technical studies that one can utilize in attempting to find the strongest fib retracement levels. For example, a trader can use Fibonacci retracements in conjunction with other technical analysis tools such as candlestick patterns, pivot points, market profile, or Elliott wave analysis to confirm a high probability reversal zone.
Whatever combination of techniques are utilized, the primary goal in using Fibonacci retracements is to anticipate a potential termination point for a correction. The Fibonacci retracement tool is equally valuable for both shorter-term, and longer-term traders.
DOT/USD - Chilling on $40 support line. Can it pump? 🤔DOT has had quite a severe correction after reaching its current ATH at $55. It dropped 32%.
Now that we have found a good support level at around $40, DOT has a new chance to pump.
The indicators are bearish on the daily timeframe, but this can change quickly, particularly if on lower timeframes like 4-hour, the indicators can curve back up.
So long we hold above $40, DOT has a good chance to break above the resistance at $43.
Bias is neutral right now, but it will flip bullish the longer we sit above support.
Like and follow if you liked my idea!
dot long swing ~similar scenario as my last 2 posts, dot has a daily algorithmic buy signal starting to flash, will confirm at todays close.
i believe dot is in a deep sub-wave 4 here, and it's got one last leg to go, similar to btc.
my upside target for this sub-wave 5 = $64
it could break before then, so take profit along the way as needed.
keep an eye out for updates just in case something ends up changing.
DOT REVERSAL FROM A STRONG SUPPORT ZONEDOT has to flip $41.67 and go to $44, $46 and $48 (shorterm). DOT after a massive sell-off found the support at a strong uptrend trendline.
We have a bullish harmonics on daily timeframe with the strong trendline support.
As long as we hold this low we're moving up!
For longterm I see no reason for Polkadot to not hit $100 - $170 mark!
Let the final mega cycle begin and the real show will get started Handshake
Accumulate the dips while you can and when you can!
If you liked the idea, give it a thumbsup!
Dot is at the bottom of its ascending channel.RSI also shows a divergence, which is a good sign.
I think $55 is a reasonable target for Polkadot and if it breaks with a good volume, we will see a price discovery around $70.
But these targets need two prerequisites:
1. Bitcoin must be bullish or stable.
2. Dot needs to maintain its uptrend to break the $48 ~ $50 resistance.
DOTUSDT , We expect this kind of moveHello everybody
Acccording to our last and previous analysis , You watched the trend line is upward and in daily time frame we hadnt any signal for change trend and now we wanna be ready to move up , in daily analysis we are in support powerful zone and we expect that the price will support in here and is moving to go up and reach to last ATH
Dot is one the most powerful project that the founder of it : Dr.Gavin Wood
You know who is he ?
But becareful and dont forget to use your stop loss and attention to money management
Previous analysis :
Good Luck
Abtin
PolkadotPolkadot is beginning to weaken, not only in itself, but particularly in comparison to that of Bitcoin.
As we've discussed at length here on TW, Bitcoin continues to show some bullish sentiment due to its recent technical breakout in MARA/BTC. As long as this pertains, we'll stick with the majority of our position in Marathon Digital Holdings.
60 percent of my portfolio is currently in Marathon. The remaining 40 percent is spread out in alts. With that said, I might consider reallocating a good chunk of those alts into Marathon as a few of them show emerging weakness, both individually, but even more so when directly compared to Bitcoin.
On the Poladot versus Bitcoin chart, the price was once again rejected by the horizontal resistance zone - and this after a minor fakeout. On top of that, the price has recently dropped below the diagonal support as well and is presently trading in a weak spot.
And to add fire to the flames, we also have a 3-point RSI divergence on the daily chart.
If this bearish internal trend were to continue, it naturally doesn't mean the price of Polkadot may go down. All it means is that Polkadot will then be expected to under perform versus that of Bitcoin.
Let's then dig a bit deeper to find more clues of the overall market health condition.
If we proceed to look at Polkadot itself (as in compared to the USD), we can firstly detect that it's trading right at the horizontal support zone. On top of that, the RSI looks strong too and for two reasons.
Firstly, it has retraced quite much - by almost 20 points to be precise - from a mere and seeming price correction.
Secondly, it is still trading within a strong bullish red RSI channel.
So far it shows every sign of health. This in combination with the strong horizontal support zone and the thus far strong bull trend gives me no reason whatsoever to be bearish on Polkadot. Quite the opposite!
This means that if we put the just-turned-bearish DOT/BTC next to the nicely and bullish-looking DOT/USD we can technically conclude that Polkadot's trend is up, but that it is yet statistically bound to under perform versus that of Bitcoin. This in turn leaves us with the conclusion that Bitcoin is even more bullish.
To further add weight to our technical case - as in to further increase the probability of being correct - we will soon proceed to compare more individual alts and their respective strength-relationship to that of Bitcoin.
But for now, it's Bitcoin season 1 - altcoin season 0, yet with both looking technically bullish regardless.
PolkaDot DOTUSD - HUGE Parallel Channel on the Daily chart- Polkadot - DOT - Rank #8 -Coin
- 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"!
DOT two waysPolkadot is formign a bearish structure on the 4h chart, with what could even be a double top.
LONG:
If we hold the green zone I'll be looking to enter when we have a bullish structure (higher high and low) with a safe target around $60
SHORT:
If we break .382 FIB, the support zone and the 200EMA, I'll look for a retest of the .382 level for a sharp move down. Not too big of a target as the overall market sentiment remains bullish and the trend is your friend.
What do you believe is about to happen?
DOT/USD - Sharp rejection and a bearish cross. 😪DOT disappointed this week with a 15% drop in the past seven days. Moreover, it did not manage to hold above the support level at $48, falling behind it and turning it into resistance.
These are bearish signals, with MACD crossing on the negative side on the daily timeframe. When this happens, it is time to expect a correction and DOT is not different in this respect, particularly after a strong rally in October and early November that lead to a new all-time high at $55.
The next support level is found at $43 which should be well defended by bulls. Looking ahead, expect to see DOT approach the low $40s before the bulls may return to defend further losses in price.
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