DOTUSD
DOTUSDT 3D Medium-term trade with P/L = 10/1Today we will look at the global chart of the DOTUSDT trading pair on a 3-day time frame.
The last global idea on DOTUSDT we published 8 months ago, then the downward trend began, which continues to this day.
At that time, DOT buyers were very determined to continue the growth, because on 11.11.2021, the first parachains in the Polkadot ecosystem were to be launched.
But the situation on the Dotusd chart that we saw suggested that the price will soon begin to decrease, from $50 at least to the $14-18 zone.
Of course, we were criticized then in the comments under the idea, that we do not understand what we are writing, only growth and nothing more wrote users TW...
But what do we see now? The DOT price is 2 times lower than our pessimistic forecast from the previous idea.
Now DOT buyers are trying not to let the DOTUSDT price fall below the liquidity level of $6.50
Not bad conditions to try a medium-term trade for a small part of the deposit:
Entrance $6.50-6.70
Stop $6.365 (-5%)
Take $9.95 (+48.5%)
The profit/loss ratio is 10/1
Below $6.36, it is most likely not worth holding DOT, because then fall can continue to $5-5.20 area
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Polkadot (DOT) - July 11Hello?
Traders, welcome.
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(DOTUSDT 1W Chart)
Below 10.13 is likely to be a mid- to long-term investment area.
In particular, 7.16 and below are likely to be long-term investment areas.
Therefore, it is important to know whether it can move higher than 7.16.
(1D chart)
The contraction period of the Bollinger Bands (60) is short.
Therefore, a trend is expected to form in the near future.
It is expected that the period from the decline of 7.16 to the vicinity of 5.19 until it rises again to the vicinity of 7.16 is expected to be short.
Therefore, if you fail to overcome the psychological burden and make a stop loss when it leads to a further decline, there is a high possibility of a double loss.
Therefore, it is recommended to create room to buy when the price is falling.
The market can be very volatile if the BTC dominance declines while the BTC price is still in a downtrend.
It can be characterized by repeated short-term spikes and dips.
You need to think about whether you can't take advantage of it with your trading skills.
You should try to earn cash income by short-term trading coins (tokens) that you currently have or increase your holdings.
Otherwise, starting an investment in a new coin (token) may require a long period of time to turn into a profit even if the coin market turns upward as the dispersion of funds accelerates.
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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-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.)
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DOT/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
We're currently sitting on the big green support line, if we lose this we have another support around $3(unlikely)
We have already dropped by 88%
Going down to the bottom green line would be about a 94% drop from ATH
$6 to $3 is 50% drop.
We have a small unlikely chance for another 50% drop with a possible gains of 972%
Risk Reward ratio: 16 for current price @ $6.9
The more you can get at any price lower than current, your RR ratio is even higher.
Polkadot Adam & Eve Bottom Pattern (90%+ Potential Profits)We have a classic pattern show up on the DOTUSD (Polkadot) chart.
The low was set 13-June;
DOTUSD continues trading above support (light blue).
Currently, we can see prices challenging EMA10, which is the first barrier to conquer for the bulls to move ahead.
As the days go by and prices grow...
We can have a massive bullish wave!
First, easy 30%...
Followed by, 90%+.
You can find more on the chart.
Remember to plan ahead.
Remember patience...
The market gives, the market takes.
Be strong.
Play safe.
Thanks a lot for your support.
Namaste.
PolkaDot DOTUSDT - ABC completed! Elliott Wave + Channel- On the weekly/3D chart we can see a parallel channel and the price is currently on the support of the channel.
- Due to my Elliott Wave analysis - the ABC correction has been completed successfully and now we are prepared for another bullish market!
- 0.618 FIB is the strongest FIB level and the price si currently sitting on this level.
- If we take a look at the RSI indicator, we can spot a nice bullish divergence with a lower high!
- Wave 1 horizontal support (previous swing high) from 2020 is another great support that we have.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
Polkadot: Daily Review and Trading IdeasMarket Conditions
We are in the bearish trend, consolidation about the support.
Valuable Areas
$6.15 is the key support right now for bears. MAs with 20 and 50 periods are key resistance lines for bulls.
Trade Opportunities
If the price moves below $6.15 support, it is a bearish signal in the direction of the main trend. The main target for bears will be $3.75 support.
If the price moves above 20MA, we may expect a correction movement with the targets around 50MA and $10.00 resistance.
For shorting, it is possible to use bearish signals from daily and lower timeframes. For buying, I would use bullish signals from hourly time frames for better risk/reward ratio.
Day traders should follow the bearish sentiment and open short positions using any pullback to valuable resistance levels and lines from the hourly time frames.
Dot's Movement PredictionDot is in a Descending Parallel channel which means the Price is gonna keep Decreasing For now! This chart and Info are Provided by our Sponsor WHITEBIT Exchange. Please Check their Exchange Using the link down below.So as you can see the Price has been in a Pretty Big Descending Parallel channel and No break out has accrued yet! So This basically means the Price will Decrease for now and there is a little chance for Bulls to take The Trend.Right now the Price is at the middle of the channel. the odds of reaching the Bottom channel is Higher Than doing a Break out but in any case the Price shall either reach 4.8 (bearish) or 10 (Bullish)
-Dot is in a Descending Parallel channel
-No break out
-Trend will remain Bearish
-low chance for Bulls
-4.8 in bearish case
-10 in bullish case
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Thank you for seeing idea .
Have a nice day and Good luck
MY MINIMALIST CHART ANALYSIS FOR POLKADOT06.16..22
0420H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
My Bearish Bias: I do think that It will reach the 3.7 USD ZONE as it follows the trajectory of $BTC
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy and about at the bottom.
1. RSI 28: about RIPE for ENTRY
2. STOCHS at the almost LOW 21.6/22, looking at a correction anytime soon this week.
3. Volume on the sell side has increased, the spike that we were looking for. This means we have a lot of supply in the market. BUYERS are coming in for this kill.
4. If it breaks the 6.6 zone, the market will try to find strong support at the 3.3 zone, If it does not break, the 7 zone a zone of capitulation will be the reversal of the trend.
5. 3 entry points marked in orange price notes.
Looking back since the beginning of the year,
the Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My Minimalist BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Vive Le Diamond Hands!
DOTUSD ❕ downward channel in liquidity zonePolkadot is moving in the liquidity zone within the downward channel.
Trading volumes are declining.
Price has broken down the 100MA on the 1H Timeframe.
50MA has broken up 100MA on the 4H Timeframe.
I expect DOT to rise after the retest and price fixes in the channel.
DOT triangle breakoutPokadot seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 10.25 and even higher. Just bought...
ENTRY : local high @ 8.10
STOPLOSS (SL) : local low @ 7.80
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY - SL) @ 10.25
REWARD RISK RATIO (RRR) : 7.1
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
DOT (Analysis)The DOT was supported at the bottom of its bearish channel last week and is moving towards resistance at $ 8.5, forming a twin floor pattern. A negative reaction accompanied the first encounter with this range. Still, in the second encounter, due to the strength of buyers, there is a possibility of breaking the resistance ahead and continuing the upward movement until the next resistance in the $ 10 range.
The downtrend is broken, and if pullback moves to this uptrend and maintains $ 7.5 support, we expect the uptrend to continue with more strength towards higher resistance. The first resistance is in the range of 8.5, and the second resistance is in the range of $ 9. If the uptrend line breaks in the 4-hour timeframe, a price reversal warning will be issued again to lower support.
✅TS ❕ DOTUSD: area of the resistance✅✅DOT is moving in the area of the resistance level, again preparing for a rebound. I expect a fall.✅
🚀 SELL scenario: short to 7.47.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Polkadot (DOT) - June 24hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(DOTUSDT 1W Chart)
3 important segments
- 9.26-10.13
- 13.64
- 18.42-19.37
An upward break above the key zone is required to continue the uptrend.
(1D chart)
Resistance: 9.26-10.13
Support: around 7.16
It needs to rise above 8.71 in order to turn to an uptrend in the short-term and mid-to-long term.
However, it is expected that the upward trend will continue only when it rises above the critical section 9.26-10.13.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
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.)
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POLKADOT - Last Bearish Leg... 🚀In one of our previous analysis, we showed a short setup from $23 with targets of $10. We achieved that target and made raw gains of over 50%!
We blew past our short targets and now we are approaching the final legs of the bearish wave.
We are expecting bulls to jump in as soon as this final bear leg is over.
On lower timeframe we can see that we're making our way down for the final time.
Trade Idea:
- Watch for the final leg to end and bulls to step in - through trendline break, BOS, RSI etc
- Once bullish price action appears, enter with stop below the lows
- Targets: 25, 50, HODL rest for longer term
Goodluck and as always, trade safe!