Polkadot
Polkadot DOT with bullish divergence but RSI resistancePolkadot DOT with bullish divergence but RSI resistance
Breaking the RSI resistance would be a first bullish signal.
Flipping MA Ribbon green the next step.
Breaking the huge volume resistance at $34.85 would be "Breaking news" itself.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Trading this range bounding on $DOT !!Ranges over Ranges
Deviations over Deviations
This chart is rather easy to approach compared to others, especially BTC.
My first game plan is to short $DOTUSDT at the range high
Confluences at that level:
1- H12 supply
2- retest of the range high after the deviation (This is mainly how I like to trade)
3- H4 order block
Target:
Ultimately the range low at $15 (Daily range)
Why am I looking for shorts:
1- We have Monday's low to sweep
2- We made a market structure break (msb) today to the downside so the MTF bias is bearish
3- Strong rejection at the EQ (Daily range), so naturally you should look for the range low after such rejection
Share me your ideas about this, let's get this trade together
I will share my long setup too so if you are interested follow me on tradingview and stay tuned
Don't forget to hit the like button :)
DOT - The Journey Of Two Paths...The much beloved Polkadot (DOT) is at a point of inflection in its journey. It has reached a point where it could have either a strong bullish or bearish run. In this trade idea, I will discuss each possibility and you can see which trade idea you would like to initiate.
TO BUY DOT?
How did we get to this point? When looking at DOT on the 1 Day chart, the price has fallen to a very longer-term level of resistance; dating back to 2020. This level of resistance is probably due to the large amounts of DOT that is staked and provides a strong level of support. If your Bitcoin thesis is that BTC has reached its lows and will start to consistently rebound, then this presents a good DOT buying opportunity
LONG: Enter at Current Market Price
Stop-Loss: $14
Take Profits: $22.50, $27,60, $30.80, $38.00
TO SHORT DOT?
DOT and many other alt-coins could have a bloody several weeks or even months if Bitcoin is not able to maintain its current price levels and BTC starts crashing down to the $20k range. With this, you could short DOT as there is no resistance from the current price levels down to the $7 range. Although many people have DOT staked for long periods of time, there reaches a point where the price gets too low for them and they start unstaking and selling.
SHORT: Enter at Current Market Price
Stop-Loss: $20
Take Profits: $10.30, $8.25, $4.20
Let me know your comments & opinions below.
Cheers!
$DOT - buy low, they say... - PoldaDOTI like the accumulation, that is going on here, nice higher lows higher highs in the very long term.
The first big correction turned at the 886. Now once more, price is at the 886 since the low in July 2021 and the ATH.
This could clearly be a spot to accumulate DOT for the long term.
Stay safe!
DOT/USDT Ready to $65 ( 311% from here ) ?#DOT/USDT TA Update:-
$DOT currently trading at $16.72
Now Trading at Strong support level and As per Trend Line this is Triple bottom support.
Now..?
I am expecting upward move from this level.
Most important point = If $DOT hold $14-$15 level Support.
If hold this level then we can see $DOT target could be $65-$70
Need to break $19 resistance for Turn into Bullish mode.
My Trigger for Bull zone = If price hit $19.60 then Bull will triggered.
Keep an eye on $14-$15 level.
If break this level then we can see $8
Support:- $14/$8
Resistance:- $19.60/$31/$44
DOT/USDT TA: 22.3.7Polkadat is below its downtrend and has lost support at 18-19$.
The next support is in the range of 13.8-15$, which can be touched if the bullish trendline (red) is counted.
The next valid support is in the 10-11$ area.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 7.Mar.22
⚠️(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
polkadot is ready for Wave G NOTE :
Personally, I have been a staunch opponent of digital currencies for a year now, but as I said before, I have recently seen good endurance and demand in this bloody market, and now I hope to climb.
I think that the banks and financial institutions of the world, with the decline of all markets and its uncertain future in the war, have a good excuse to have a good profit in this market from the people.
Governments are also supporting the burning of money and the reduction of inflation
Polkadot (DOT) - March 3Hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(DOTUSD 1W Chart)
If support is found above the 16.15 point, I would expect it to move above the 20.27 point.
However, to turn into an uptrend, it must rise at least 23.0 points.
If it falls below the 16.15 point, it is expected that the price will fall near the 10.16 point, so you need to trade cautiously.
(1D chart)
The 20.22-23.31 interval is an important interval that determines the trend.
Therefore, it is important to rise to the 20.22-23.31 section and find support.
The next volatility period is around March 12.
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(DOTBTC 1W chart)
0.0003 911 - 0.0004 872 section: volume profile section
If it falls below the 0.0003 911 point, it may move up near the 0.0003 242 point, so trade with caution.
It needs to rise above the 0.0005 287 point to turn into an uptrend.
However, it is expected that the uptrend will continue only when it deviates from the downtrend line.
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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 the price trend is in an upward trend or a downward trend, 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 be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for 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 was not disclosed, 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.)
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BTC Possible Change In SentimentI have been very confident and clear about my views on BTC, SOL, ETH & POL. Mainly due to my outlook on BTC as 'bearish' (forecast 20K to 25K). If BTC drops it's likely that the other cryptos across the board will fall also - however, this is not always the case.
Nonetheless, I'm looking at the imbalance on the weekly change (orange lines) and I'm monitoring how price will react to these. If we close above these levels on the weekly chart, then I'm currently disregarding my bearish outlook and thinking of a bullish run higher for the crypto market accords the board. I have not price targets as yet, now is time for me to sit and be patient and allow more data. Of course on the daily chart price action is more clear, but the weekly chart gives me a more longer term view and that's what I'm looking at for crypto. Once the longer term view appears to be clearly one sided & bullish - I will look to become more invested. On the other hand, if price drops to ridiculously lower prices, then i I will look to become aggressively invested.
Be patient, be confident & do your own research.
Their will always be opportunity once there is knowledge & experience on the table.
Don't rush the money, rush for excellence.
- Maradona Capital
$DOT / USD - PoldaDOT is so rdy - LONGPolkadot just made a full 886 retrace with a Type 2 return, double bottom right at the 886
now just look what happened after last full retrace
One could easily setup a trade here and stop out below the double bottom sind you don't wanna have anything to do with DOT below that major accumulation structure.
Take your profits wisely according to those fiblevels. 38-61 is the golden zone but keep some for the moon ;)
Good luck on your trading, stay safe!
DOT/USDT TA UPDATE!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this DOT/USDT update. DOT is trading inside a falling wedge in the daily time frame.
Once it breaks out from this falling wedge and 21D ma then it will pump hard. All we need is to hold above $17 the daily candle. Also, RSI is printing a bullish divergence in the daily time frame and MACD is also looking bullish.
So overall I'm quite bullish on Polkadot as long as it does not break below the $17 level.
You can buy some here and add more up to $17. If any daily candle closes below the $17 then I'll exit from this trade.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!