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DOTUSDT Head and Shoulders is forming!/Bearish ProspectiveBYBIT:DOTUSDT 4H trend chart - From 9/22, Price rallied back to 33.495 which level is the invert Fibonacci retracement(0.382) after touching 25.505 Then pullback is ongoing and form a Head and Shoulders pattern. Currently, observe price will fall down 25.505, which is Neckline of H&S. If there is a candlestick get down through the neckline, H&S pattern is confirmed. - Short Profit Targets: a) 21.910-20.4551-----Fib(1.272~1.382) Stop losses: a) 25.505-----Neckline - However, should note the Key Zone is not only the Fib(1.272-1.382) level, but also Vegas tunnel_144/169ema. So it would easily show a support in the key zone. Bullish traders can observe if price rallied back to 144/169ema, despite price had touched 20.455. Next, it would transform into consolidation, then expect bullish continuation goes on.
Short
by EthanTW
DOT/USDT 1. That yellow line corresponds to the possibility that the bitcoin correction is over and we're going for a new ATH 2. If btc changed his mind and continued the correction, we would have 3 more waves in wave C waiting for us at DOT. For me, I like the second option more because DOT is an interesting project and so there would be better prices for the purchase. We would also thicken these zones more, which could act as stronger supports in the future. We still have enough days left in the month, we will see how the market decides, in any case the second option would be more advantageous in the long run :chart_with_upwards_trend:
by SimboSi98
2
DOT/USDT Price PredictionDOT hasn't had a big correction for a while. If DOT breaks out of the falling wedge we will see a correction between 34.2703 to 29.5545 if this is the case we would have a good buying opportunity. When we look at the RSI Indicator we can see that DOT is at a critical point, if we break below the 38.05 RSI line we will see a correction. If we manage to stay above 48.54 I think we will continue to remain bullish. I think we will see a huge pump after the correction. TP1: 37.6266 TP2: 42.3867 TP3: 44.8217 These are just my thoughts don't take this as financial advice. Good luck :) 😀We managed to hit our target on the double bottom pattern (14.04%). 😀
Short
by technicalFlami29
DOTUSDT Possible Head and ShouldersGood Day Traders. If you like my Idea please give me a follow and a thumbs-up! - Currently, we are in a nice descending triangle. - We can see potential Head and shoulders forming within the triangle - I'll wait for confirmation to drop below the neckline - trade safe - smile - I am not a financial advisor - make a plan, stick to it - trade what you are willing to lose - be safe - Test your own charts - be responsible! - and once again.... Smile Thumbs up, Follow and Comment BINANCE:DOTUSDT
by dstvst
4
DOT near DEMAND ZONE (Accumulation Going) - Ready to FLY#DOTBTC TA Update: 1. Zone 1 was Ascending Wedge which always follows a downward movement as it did. 2. Zone was a Falling wedge or we can say it was a distribution zone. After this, usually, Consolidation/Accumulation happens which happened in ZONE 3. 3. Zone 3 at the moment, is where accumulation is happening. DOT is consolidating between two levels (Daily Resistance @42212 & DEMAND ZONE 38200-37500) 4. In the coming days, we may see some accumulation and the price may touch 36000 for a retracement. After which we gonna see a rally upwards. 5. For DIP Buying you can set Buy Orders at 36000 sats. Or Anywhere in DEMAND ZONE. Right now its gonna come back to the demand zone. And we gonna see BULLISH Trend afterward. Note: SEPTEMBER was ALTS BLEED month due to the instability of Bitcoin Dominance & Bitcoin Price. Always Trade with caution. Alts follow bitcoin dominance. If Bitcoin Dominance is UP ► Alts Gonna DUMP If Bitcoin Dominance is DOWN ► ALts Gonna PUMP Now, DOT Price is gonna fall at the demand zone, I am looking to buy DOT at the demand zone for Huge Profits afterward. Please Ignore any mistakes if you found. Thanks, Your support is appreciated.
Long
by SmartMaxi
8