DOTUSD
PolkaDot DOTUSD - HUGE Parallel Channel on the Daily chart- Polkadot - DOT - Rank #8 -Coin
- Polkadot is strong on the daily timeframe , as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance .
- Target top of the chanel or 1:1 fib extension on the daily chart .
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Due to my Elliott wave count, the correction is totally over and we can expect a higher prices!
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DOT two waysPolkadot is formign a bearish structure on the 4h chart, with what could even be a double top.
LONG:
If we hold the green zone I'll be looking to enter when we have a bullish structure (higher high and low) with a safe target around $60
SHORT:
If we break .382 FIB, the support zone and the 200EMA, I'll look for a retest of the .382 level for a sharp move down. Not too big of a target as the overall market sentiment remains bullish and the trend is your friend.
What do you believe is about to happen?
DOT/USDT : Targeting $87, Holding the zone of interest ! BINANCE:DOTUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#DOT has found a support on broken ATH's zone. ( Daily supply zone )
Now based on FIB retracement's levels; If current support zone holds the bullish bias, Then we'll might retest the higher FIB's level at $87.57 which is named as FIB's 1.618 level.
📊 Also EMA50 has reached the movement and it can act as a support here.
📈 Swing traders can enter at current market price ( ±3% ) with a invalidation as a three candles close below the entry zone !
📚 Full strategy on chart's movement :
- Bulls will hold the upper hand till we moving above the $41.70's. ( Master candle's low )
Any engulf below the mentioned level will turn the bias into Neutral-bullish and an engulf below the lower master candle's low ( $33.57 ) will cause an invalidation into bullish movement in major bias !
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
DOT/USD - Sharp rejection and a bearish cross. 😪DOT disappointed this week with a 15% drop in the past seven days. Moreover, it did not manage to hold above the support level at $48, falling behind it and turning it into resistance.
These are bearish signals, with MACD crossing on the negative side on the daily timeframe. When this happens, it is time to expect a correction and DOT is not different in this respect, particularly after a strong rally in October and early November that lead to a new all-time high at $55.
The next support level is found at $43 which should be well defended by bulls. Looking ahead, expect to see DOT approach the low $40s before the bulls may return to defend further losses in price.
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PolkaDot Still $100 Potential of entered in bearish Zone ..?#DOT/USDT TA update:-
$DOT lovers Still hoping $DOT can hit $100
Is it Possible..?
Yes It is Possible if #DOT hold $40-$44
I can expect bounce back from this Level.
First $DOT need to break $54 resistance which is Current All time High.
Above $54 Its Clear way toward $100
But Below $43-$44 Level I am bearish .
Support:- $43
Resistance:- $54
DOTUSD❗ Support level 45$⚡DOT break the all-time high resistance with big candle. This is starting of a new rally in DOT. The lower support area $45 and $38-$40 area. DOT is in price discovery so there are no such resistances but always keep eye on round figures like $60 and $70.
Have a nice trade!
Your Solldy.
DOTUSD on the 1D MA50 targeting +$100Polkadot has been one of the hottest high cap cryptos since September's correction. The application of the Fibonacci Channel shows even more effectively how well it has been repeating the early 2021 rally.
As seen on this 1D chart, DOT rallied with the support of the 1D MA50 (blue trend-line) in Q1 2021. On the current sequence, the 1D MA50 has been supporting since August 01. It is therefore possible that as long as it holds, DOT will go after the 5.0 Fibonacci extension (horizontal) which is around $150. It is the firms thesis that this crypto will reach at least $100 during this run.
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DOT moon soonI think there is a nice chance for a long trade.
As you can see, as soon as we pass this level we are in no man's land and the roof is the stars.
Auctions will start soon. The conditions are there. The price must break the structure with strength. I don't want a low price crawling on the support. In fact, it is also possible to witness fakeouts.
Stay awesome!
DOTUSDT , We are ready to go to the moon step by stepHello guys
We back with Dot
This amazing blockchain that is the future
In here according to our previous analysis the price exactly move from our buy zone and move to our target exactly , and we are in ATH and now we need some rest and pullback then we have rally to go to new target
The price can come down to 41$ but we should but in some step to have new price of buy and have nice R/r
Previous analysis :
Do it correct and go to GOD
Good Luck
Abtin
Polkadot price to explode to $100Polkadot price saw a massive uptick in buying pressure on November 1, which pushed it into the price discovery mode for a brief period. However, this run-up was based on fumes, which has led to consolidation under a crucial resistance barrier. A breach of this level is likely to propel DOT to new highs.