Dotusdtlong
DOT Best buy entry? ✔Hello Traders. I hope you are having a wonderful day.
Today I want to share my thoughts on DOT. As you can see on 4H timeframe, DOT has a descending trend line which has touched it 3 times. So in my
opinion, the best strategy is the breakout strategy here. When the price breaks the line and makes a pullback to it, then you can enter with the SL
below the line.
TPs can be : 24.5 - 26 - 28.5
Polkadot (DOTUSDT) bullish inverse head and shoulders!DOTUSDT is testing the neckline of the inverse head and shoulders pattern at $22. Bitcoin has already broken out of the inverse head and shoulders , so lets see if Polkadot can follow. A break above $22 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.
As always, I’m not a financial advisor, do your own research, and stay safe!
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DOT complex correction is completedAs I said in the latest analysis about DOT, it was forming a expanded flat correction.
But after BTC collapsing, it seems the correction changed its formation to a complex one (as you see in the chart).
Also I think it's completed and will begin a impulsive wave soon.
$DOT - likely to find $60 soonNo double fake-out thesis playing again well
Mega day yesterday which wasn't completely expected
Eth money will likely rotate here also so that will help fuel it higher
I can't see there being too many dips in this unless BTC dies of death as it looks v solid
Just backtested 4H support and pushing through 4H resistance
DOT/USDT Fib and Pitchfork ProjectionsHello everyone, Cosmic here, will keep it short and sweet.
DOT/USDT
-Month is green
-Week is green
-Looking strong
-Pitchfork showing our path up over next few months, before entering BEAR market
-FIB suggests targets of:
$50-$65 - next few months, maybe $100 if we go parabolic
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Polkadot DOTUSD Possible Bullish ScenarioThings to Note:
1. Price moving in Megaphone Pattern for the last 2.5 months
2. The target level of this pattern on the upside is $35.
3. Nearest support zone lies at $28-30
4. On the downside, if 28-30 doesn't hold, we can see $20.
5. Since we are in the Bull market, it is more likely to BO to the upside.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
DOT Big Comeback! - Fibonacci AnalysisDOT is coming back with a BANG! It bounced back of strong at 0.78 Fib support and heading North.
Buy Zone: $32 - $38
Take Profit #1 $45,89
Take Profit #2 $48.27
Take Profit #3 $53.90
Disclaimer: This is not a financial advice. This information does not provide individually tailored investment advice and does not take anyone’s circumstances into consideration when discussing investments, nor am I registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any cryptocurrency.