DOT/USDT IN TRIANGLE!!Currently Dot Is In A Triangle A Breakout Can Get More Upside Movement But Im Expecting Breakdown Bcz Of Fear And Greed Index. Cuurently Fear And Greed Index Reached 82 Level.
What Is Fear And Greed Index?
The Fear And Greed Index Is A Tool Used By Some Investors To Gauge The Market. It Is Based On The Premise That Excessive Fear Can Result In Stocks Trading Well Below Their Intrinsic Values While, At The Same Time, Unbridled Greed Can Result In Stocks Being Bid Up Far Above What They Should Be Worth.
Stay Blessed..
DOTUSD
This is too much Accumulation to be honst.This is so great to see the 40$ support act as a strong barrier in front of sellers and it's wreaking their momentum after all the supply "sellers" will be done from selling which is so soon as we can see throw the volume and momentum the price will explode and as you know too much accumulation = the higher the price it could reach (all of that is related to market fundamentals "the supply and the demand)
from technical view:
we can see Bollinger band width is getting tight which also mean there is upcoming move "either up or down" but with having so many factors beside it it's gonna be up.
and it case of patterns we can see the triangle shape is getting formed and it's showing up the potential end of the accumulation.
DOT LOOKING HOT... WHERE TO GET IN?POLKADOT is looking to be one of the few alts looking good here ALTHOUGH I DO THINK WE WILL SEE ETH, ADA, and some others picking up soon. (maybe BNB, XRP, SOL... we'll get to that!)
Personally I'd be looking to get in on this one after a pullback and anything above 34.00 I CONSIDER BULLISH
If we get some upwards consolidation as I predict we will, we can watch for Head & Shoulder patterns (INVERSE AS WELL) OR just good old bull flags however H&S Patterns REALLY GIVE NICE ACCURATE TARGETS!
This will be a good one to watch and if it breaks out to the upside WE WILL LOOK AT THE DOTBTC CHART for potential targets while it is in price discovery mode!
I DO THINK DOT is very overdue for a breakout so I do see good potential here!
PolkaDot DOTUSDT - HUGE Secret Ascending Channel + New ATH soon- 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!
- If you want to see more of these ideas, hit "Like" & "Follow"!
DOT TRENDIt’s natural to be hunting for appealing investments inside the altcoin market right now. Once market leader Bitcoin scales to a new ATH, alts might be waiting in the wings for a rally in their very own. Now Polkadot makes a robust argument that its anticipated leap could come sooner than most of its peers, attributable to bullish market conditions.
If that is not an opportunity, i don't know what is opportunity
i really won't speak that much and tell you guys all Ethereum competitors broke their ATH in last couple of months like ADA and SOL and it's time for dot and i wont speak on how dot is revolutionary as long term investing cuz of the Decentralized Web 3 or the auctions.
Dot is just gonna fly like what i said with BNB when it was 41$ or ADA when it was 0.75$.
(DOT) POLKADOT - Cup and HandleHello everyone !
Today the Black Cat Trader is analyzing DOT based on a weekly chart.
What we can see :
- A nice Cup and Handle pattern has been printed on the weekly chart. We can see that prices recently broke the neckline at 37.80 $
- Using the pitchfork (low : 3,60 high : 49,78 Low : 10,37) we can see that prices are stuck between the median line and the intermediary lower line of the pitchfork.
What we can expect :
- The ideal scenario would be for prices to make a pullback on the neckline of the C&H pattern at approximately 36,50$ and then take off to go even higher. You can see that the expected pullback area is located exactly where the intermediary lower line of the pitchfork is.
- Using the trend-based fib extension we can mathematically expect prices to reach two targets that match with our C&H objective too (208,25$).
Take profit 1 : 85$ (1.618)
Take profit 2 : 131$ (2.618)
Take profit 3 : 177$ (3.618)
Take profit 4 : 208 $ (C&H objective)
Support 1 : Neckline of the C&H / Intermediary lower line of the PF
Support 2 : Mid-term ascending trendline
Support 3 : Lower line of the PF
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
DOTUSD Seems Promising in long term...Here's the Elliot wave analysis of DOTUSD...
At the moment, we have to wait a little before a buy confirmation...
Trend seems to be BUY, and analysis goes in that direction too, so let's go with it homies!!
Time to fire up your BOSS!!
DOT gonna make the difference lol!!
Regards,
Prab S.
DOTUSDT - Combine 2 candles and 2 appropriate points for entryBYBIT:DOTUSDT
1H trend chart
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Price left a long tail before, then rallied rapidly.
Here, we can combine them as 1 candle, means support level around $41 still works.
Now, it broke out this short-term downtrend line, so here is a first timing you can open long.
However, there is a resistance zone around $42.84, can confirm price stands at it or not.
In a nutshell, closure of previous candle $42.515 is 1st point
2nd point is $42.84 if stood firm of 1H chart.
I suggest that 2nd point, which is low-risk strategy.
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Profit Targets:
a) 44.81----Fib(1)
b) 46.21~46.77----Fib(1.272~1.382)
Stop losses:
a) 41.345----Red horizontal ray
b) 39.515----Red horizontal ray
I provide 2 SL, depended on the risk you can take!
-
If you like this analysis, give it a like and leave a comment below to share your perspective
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!
Polkadot (DOT) - Structure and TargetsA study in DOT, identifying a Fibonacci Channel containing the price action, a Pitch Fan providing lines of support and resistance, and an Elliot Wave apparently working its way towards a wave 5 climax.
What are your target levels for DOT and when will they hit?
THOT Dot Dot Dot Chart by CryptoKneeThe last chart was wrong about the omlu but pretty dang close to catching the pivot point. It broke a yuge resistance area, now it just has to come down and find some support and flip it. Have a bear and bull count on here, not saying the Wave 3 is done yet, the more PA pumps the better, more proportionate, it would look. Holding 38.50 would be pretty huge because a break below could turn it back into resistance pretty quick, I reckon. Either Bull or Bear could potential play off that level if it continues to show a reaction to the area. MO.
DOTUSDT - another short-term try of breaking out!BYBIT:DOTUSDT
1H trend chart
-
$42.38 is the closure of previous candle and broke out the short-term downtrend line
It's a nice timing for entry.
Trading strategy as below
-
Profit Targets:
a) 44.81----Fib(1)
b) 46.21~46.77----Fib(1.272~1.382)
Stop losses:
a) 41.2----Red horizontal ray
-
If you like this analysis, give it a like and leave a comment below to share your perspective
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!
Polkadot (DOT) - October 17Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(DOTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 10.16 point: expect the uptrend to continue
16.15-20.27 or more: Expected to create a new wave.
(1D chart)
A volume profile section is formed over the section 10.16-23.03.
Accordingly, if the price is maintained above this range, it is expected to create a new wave.
Also, if the price is maintained above the support and resistance zone formed over the 29.85-38.69 zone, the uptrend is expected to accelerate and record a new high.
If it falls from the 29.85 point, a short-term Stop Loss is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it 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.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it is not publicly available, 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 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.)
Dot inverse head and shoulder weeklyWeekly time frame is a clear inverse head and shoulder, as you can see we currently breaking the neckline of the resistance.
We should find support around the 45$
And if is it play out, the target will be around 69$