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DOTUSD

DOTUSD Analysis 02/12/2021Update: Dot has been having a tough time lately, since the parachains came out it hasn't seen the same bullish momentum that it previously had been seeing. today is the first day in a while dot has reacted better than btc/eth to a selloff, all day I had been waiting on a reversal pattern forming like a double bottom/inverse head and shoulders, eth made a new low which was a swing failure and as you can see dot hasn't came close to the previous low of last night. there are several things to look at for dot currently it is respecting this upwards sloping trend line, a break of this then we are aiming to bounce off of the previous low which is also my favourite bullish fib retrace the 0.382/0.414 box (highlighted in yellow), That would be ideal. Failing that a break down to this downward sloping trend line will be still bullish however, breaking this line will lead to a dumpy day looking at 0.236 but chances are more likely that we see a test of the previous swing low. To summarise, looking to hold this upwards trend line, hitting the green lines or staying in the wedge before breaking out. or we break the trend to the downside, hopefully creating a double bottom by bouncing in my box. WORST CASE we fall all the way down to the bottom white line before seeing a bounce if not its back to the previous swing low (start of the fib)
by ryanc49
Polkadot (DOT) - November 30Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (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. ------------------------------------------ (DOTBTC 1W chart) 0.0003911-0.0004872 or more: Expected to create a new wave. ------------------------------------------ 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
BINANCE:DOTUSD
by readCrypto
2
Polkadot in the triangleQuick Update. it's really important to understand this moves and to see where are the zones of potential breakout. ------------------------------------------------------------------------------------------------------------------------------------------------ - The next TP for DOT should be around 35$ (61.8 Fibo + Older Demand Zone) before attempting to come back to ATH. - in a bad case if DOT not break this triangle the rebuy Zones are composed in 3 parts : - 21.5$ ( Supported by 3X EMAs Golden Cross ) - 18.5$ ( Supported by EMA300 ) - 10$ ( Bottom again ) ------------------------------------------------------------------------------------------------------------------------------------------------ - i won't tell you where to buy but some Zones are not worthy to give a try ( When too close from the Triangle Exit). - Wait for a strong breakout or wait for a dip. - Manage your invest and buy wisely, don't go all in on the first buy. - Follow TheKing and his Dominance because only this influence strongly Polkadot trend. Happy Tr4Ding
KRAKEN:DOTUSDLong
by thecryer
4
Is DOT perhaps in Elliott Wave 3 of an impulsive move?I'm not a financial advisor, not giving financial advice. This is my first published idea on TV, and I'm doing it primarily to learn rather than teach/explain. I'm still getting comfortable with counting Elliott Waves, but so far, I think I have a good sense for it. With that said, I hope you'll read this description and share your thoughts on what I've proposed... I went to chart DOT against Elliott Wave theory on the weekly, originally thinking it was in wave 4 of an impulsive move (like I've counted BTC and many other coins to be in). So I went to the daily chart to count the "minute" daily waves within each weekly "minor" wave, but I couldn't find a verifiable 5-wave minute impulsive structure to fit inside of the minor impulsive wave 1. Which means I need to recount (can't force it). So I got to thinking...maybe DOT isn't currently in wave 4, it's in wave 3 ?? (!!!!!) Here's my wave count on the weekly chart: - You can see wave 2 retraces to just past the .786 Fib level from the beginning of wave 1 - The lengths of waves 3 & 4 were determined using Fibonnaci levels as well, with the length of wave 3 = 1.618 x length of wave 1, and wave 4 = .382 retracement level from beginning of wave 3 *above measurements all fall within reason under Elliott Wave theory It's a little messy, but you can also see the relationship the price action has with the 20 MA (colored green or red based on whether price is above or below it). Price stayed above 20 MA for all of wave 1. Wave 2 was triggered as price moved below the 20 MA. And now wave 3 has traded above the 20 MA until today, where it looks to be barely holding the line. It will be interesting to see if this weekly candle closes above or below the 20 MA. A close below followed by continued downward movement could negate my wave count. Also take note of the upward trend on the RSI 14 that started back in May. Would love to hear thoughts from other Elliott Wave charters. Are my counts reasonable or do you see it differently?
BINANCE:DOTUSD
by cbury10
$DOT - 39.36 15 Min Gap to Start Slow Swing Up in December *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. SMT does not believe in triangles, wedges, tendlines, channels, harmonics, etc. First is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The second thing to remember is price will move toward Liquidity and Balance. There are two gaps if you zoom in close enough at the bottom of the current turn and at the price I recommend to the opening of the trade. Yes there maybe wicks that enclose it but that doesn't always matter. I've seen these close on a daily timeline on EURUSD lately and turn right around. We're also in between a weekly and a monthly Fair Value Gap (Fair value gap is the gap between the wicks in a 3 candle succession) The monthly is filled and the weekly has been hit halfway. And that's all you need in SMT for price to recognize an imbalance and start moving in a bullish direction. However, my stop loss calls to hold for the full part of the weekly fair value gap just in case. However, I don't believe that will be the case. I think we will hit one of the two gaps whether it be today or tomorrow and that would also fill the imbalance that you can barely see. Now that the imbalances are taken care of what's next? To take care of the liquidity. Liquidity will rest at double lows, double highs, anywhere that a trader would have a possible limit order. The algorithm will attack these areas because retail will think the opposite. Such as the double highs where I have a silver line running across the top. Retail traders will see this as resistance and sell short. Smart Money knows this and they will get near it, pull it back to let people chase it south once it gets up to that area and then they will take the price up taking prices to hit short stop losses. Look at gold where there are 4 "resistance points" and the 5th time it pulls back and breaks through. Example: So be careful around these areas that's why I'm giving this timeline 2 weeks to work out because we'll end November on a red candle. December will once again be a green candle and it should start off strong. So that's why I have this end next Saturday. Any questions or comments please let me know. Happy Trading! :) The price is coming up so I need to release this.
Long
by BodiesXWix
4