Dotusdtlong
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.
DOTUSDT Double BottomsDOTUSDT has created Double Bottoms and completed a strong bullish breakout.
After the breakout, we have seen throwback from 37.71 the broken zone and now waiting for trading volume to open a buy trade near 45.00 to 47.
NOTE: Only buy when you see volume in the Circle. Otherwise, the setup will be invalidated.
Buying Zones
BZ1 45
BZ2 47
Stop Loss
37.15
Short Targets
TP1 52
TP2 60
Long Targets
TP3 70
TP4 76
It's a Spot Trading Setup. You will be responsible for any loss if you take in the Futures.
Happy Trading!