DOTUSD
DOT mirrored leveraged token. This is solely to look at in the future.
Green lines represent buy orders.
Dot Will hit 3 digits.
DOTUSDT Tries to decide direction!/Trading StrategyBYBIT:DOTUSDT
4H trend chart
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Currently, price is in a descending tunnel, and gained 3 support during consolidating
1) 144 and 169ema, now it gets back on 12ema
2) Price left a tail while rapidly broke down the bottom of tunnel.
3) Fib( 0.618)
With these 3 signals of bull, we could open position while tunnel is broken out, and trading strategy as below.
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Profit Targets:
a) 33.390----Fib(1)
b) 35.280~36.045----Fib(1.272~1.382)
c) 40.345-----Fib(2)
Stop losses:
a) 30.055----Orange horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!
Polkadot +29% Incoming ($38.83) Last time we saw a green dot indicator on the 2hr we saw a 29% increase over 3.5 days (45 bars) with no money flow. Today we just confirmed a green dot signaling a strong reversal of trend to the upside. In trend follows suite we should see a +29% increase probably more with the substantial amount of money flow.
DOT - two scenarios 🤔😱DOT as well as ETH and other altcoins are locally wedged in a triangle. If the price breaks through the upper boundary of the triangle, that would be a good buying opportunity. It is safer to buy after breaking through and retesting the triangle as support.
If the price breaks the lower boundary, DOT is likely to go lower.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
PolkaDot DOTUSDT - HUGE Parallel Channel on the Daily chart!- 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"!
DOTUSDt, POLKADOT USDT trade in the lead nowTrade active: DOTUSDT trade bounced back from 38% Fib level which trigger point to enter in DOT coin. I will prefer to enter DOTUSDT @ 26 level again and again to wait for 3X target. If trade crosses yellow triangle area then trade can bounce from supply zone area which is between $20-$15 level back towards 127% fib level. In both situation target and direction will be same.
DOT/USDT Chart$DOT has a strong support at 27$, a long to 32$ is the scenario that I'm predicting. The S&P 500 index will also go up, which means that crypto should go up. With that being sad, a long position to DOT seems reseonable. Quick reminder that I'm not a financial advisor. Like, follow and comment your thoughts.