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DOTUSD

DOTUSDT - Buying timingBYBIT:DOTUSDT 1H trend chart - DOT is building an inverse head and shoulder pattern. Here is a nice entry timing, but it'll be better when price takes out 29.215 - Profit Targets: a) 30.40~30.880----Fib(1.272~1.382) b) 31.4----Fib(1.5) c) 33.58----Fib(2) Stop losses: a) 28.015-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
DOT - is going to skyrocket?A trend line has formed on the DOT chart. The price is slowly moving towards this trend line. It should be noted that each fall was accompanied by a large volume at the bottom. This is a good signal for the continuation of growth. In case of breakdown of the trend line, there might be a good opportunity for buying. But we should not reject the possibility of one more impulse downwards, collecting liquidity, and then resuming the growth. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
8
DOT - in these cases may be a good opportunity to buy!!!In a previous idea, we recommended buying DOT after a breakdown of the trend line. But the breakdown did not happen, the price corrected even more. In doing so, the price corrected 55% from its local high and there were huge liquidations. It's worth noting that there was a huge volume at the bottom on each fall. This is a good signal. In case of a false breakout of the 22$ level or a breakout of the trendline, there could be a good buying opportunity Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
11
Polkadot (DOTUSD) TESTING MAJOR SUPPORRT LEVEL!November was an awful month for DOT. Despite setting a new all-time high in early November, the price has been on a sharp downward trend. The sell-off escalated this week, where were saw price went from $40 to as low as $22!! Price broke the major support level, but quickly recovered. Now price is testing the major support level that starts at $28. Let's see if the price can end next week above $28! In that case, a bullish scenario is more likely. The major risk here is if price breaks below the final support level at 22.
BINANCE:DOTUSDLong
by EmpowerTrader
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