Polkadot (DOT) - May 18hello?
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(DOTUSDT 1W Chart)
The key is whether you can get support and rise in the volume profile section formed in the section 9.26-10.13.
In order to continue the upward trend in the medium to long term, it should rise above the 18.42-19.37 section.
(1D chart)
Since 9.26-10.13 is a mid- to long-term investment area, careful trading is required.
Therefore, it is important to see support by moving above 13.64.
However, since a volume profile section is also formed around 19.37, it is expected that the upward trend can be continued only when it rises above 19.37.
Therefore, below the 19.37 point, you need to conduct a transaction by purchase unit price to increase the number of coins you have in a transaction method that increases the number of coins for profit.
If possible, we recommend making a full-fledged investment in Jinhae after confirming the support at 19.37.
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** 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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DOTUSD
Polkadot: Taking a HeaderSplash! Polkadot has taken a header into our blue trading area, a shape we generally use to mark long-term entry opportunities in our chart analyses. As soon as the altcoin has finished wave ii in magenta there, we expect it to move upwards. Once it has climbed above the resistance at $22.50, Polkadot should have enough drive to make it above the next mark at $50.55 as well.
DOTUSD ❕ lower boundary of channelAfter the formation of the pattern head and shoulders, Polkadot rebounded.
During the rise, the DOT broke up the downtrend line.
Price is rising on rising volumes.
At 30m Timeframe above 200MA, at 1H Timeframe above 100MA.
50MA breaks through 100MA on 30m Timeframe.
Price is at the lower boundary of the descending channel, and stochastic RSI is overbought on 30m Timeframe.
I expect price may go down to retest the support level, but once it fixes above it, it will rise to the resistance level.
What problems is DOT solving that cant be solved with BTCWhat problems is Polkadot solving that can`t be solved on the Bitcoin blockchain and network? Even the most serious altcoins are overvalued and will never see any application for solving real-life problems in production. A close below $26 could create an ugly scenario for people invested in this token. Called the $25 support when the rising wedge broke out on 12-nov, but it looks like this is a short stop to the next support level.
DOTUSD ❕ downward wedgePolkadot came out of the descending channel.
Volatility and trading volumes have decreased, and the current price movement looks like the formation of a downward wedge.
Buyback of the price under the support level happened on the candlesticks with long shadows.
I expect that the price can reach the resistance level if it fixes above the support level. It is important to watch the price reaction to the trend line.
DOT - Going lower?⭐️ BTC bearish
⭐️ Level is seen on all timeframes
⭐️ Level is at round number
⭐️ 5th touch
⭐️ Level is 71 days old
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
DOT daily looks to have hit bottom and has turned bullish?DOT daily is in such a great position for upside.
DeMark 9 reads it has hit bottom. support levels
are listed and starting price targets are listed.
Watch for the retracment to the Golden Pocket
range for the first consoldidation zone. Fear meter
is in our faces...what does that tell you?
Great trading week ahead.
DOT daily chart is ready to Rock N ROLLDOT daily chart is looking very bullish...everything that it needs
to break thru is all in the red circle.The white decending treadline,
we have the 50/100 ema,
bull market support band, the Hull suite indicator.
RSI is looking great and macd is as well. we have
Bullish Divergence on all cylinders, time to Rock nRoll
DOT testing support trend line-If Bitcoin continues to slump, DOT will be in confirmed bear market territory breaking down the diagonal trend line.
-The chandelier exit still has not printed a SELL signal on the weekly, however, it appears to be heading that way.
- Be very cautious with your entries here as we may see capitulation down to the $10 - $12 levels and possibly further downside, depending on where btc finds support.
-Not financial advice. (: