DOTUSD.P trade ideas
DOT, reaching the vicinity of the general trend.The following content is machine translation:
On the daily chart, the DOT target reached the major trend line and stopped falling and rebounded slightly.
This is the bottom from the trend line.
There is a lot of room above this based on cyclical pullback gains.
In terms of operation, you can try to place more orders and fall below the stop loss below the major trend line.
DOT Buy Opportunity Bulls currently defending strong support area ... There is opportunity to scale in . All indicators in red but oscillators are positive. Be patient don't be tempted to rush in , I have bought on support but have set limit orders lower . If you look around there are others such as UNI, TEZOS, GRT with some bull activity entering the market and somewhat at bargains. HOT TIP: Look around for coins solving transaction speeds for institutions such as Hashgraph and others one's that solve transaction speed and bulk orders coming from Forex and stocks, particularly rat poison stocks like Pfizer, Astriod Zeneca back into Jeff Bezos's account , Soros, governments. ha ha. Blackrock , Vanguard may be taking profits soon so be very careful in stocks.
DOT Polkadot Trend change trade ideaHanging around decent support levels, within the channel, and small risk reward at these levels for stop loss.
Plenty of resistance levels to contend with, and will need a solid bullish market to continue up.
This is a favorite crypto for myself in 2022 and beyond
Still neutral until crypto sector sentiment picks up
$DOTUSD potential entry point (3/5)Conviction: 3/5
could drop further to MT support (Sep 2020)
General Thesis
two possible paths, one bouncing off ST support (Jul 2021) and the other bouncing off MT support (Sep 2020)
2nd scenario seems more likely (just a guess)
recently did a bullish divergence in December 2021, so this could be it
Potential Risks
BTC pair looks attractive, although could play out via BTCUSD weakness, rather than DOTUSD strength
DOTUSD 2D: 1000%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview?
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DOTUSD 2D: 1000%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: read entire idea before
execution. Tagged as BULLISH because I expect
reversal once we hit 8/9 USD.
🔸 Summary and potential trade setup
::: DOTUSD D2 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: previously massive BULL TRAP after
::: FAILURE to break CYCLE HIGH
::: get ready to BUY LOW later
::: expecting BEAR TRAP near 8/9USD
::: i.e. FAKE BREAKDOWN of key S/R
::: best reload bulls near 8/9USD later
::: expecting 1000% bull run
::: re-test of sliding S/R line
::: near 100 USD later
::: BULLS stay out be ready later
::: expecting short-term correction
::: BULLS get ready to BUY after CORRECTION
::: TP bulls is +1000% gains later
::: expecting decent gains soon
::: 40-55% pullback short-term
::: recommended strategy: BUY/HOLD after CORRECTION
::: TP BULLS +1000% gains / 25 USD
::: BEST reload BULLS near 8-9 USD
::: TP BULLS is 100 USD final EXIT
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
DOTUSD Fail To Continue After ATH, Reversal Possible
Hello traders:
Similar like ETH, we can see DOT's price has reach ATH, but did not continue upwards after.
Instead, we see a potential double tops, and a Head and Shoulder developing. Good signs of bearish reversal possibility.
Wait for the right shoulder to develop, as a bearish continuation correction on the lower time frame,
that can be the confirmation to enter if price develops into the right price action.
Thank you
DOT - It´s so symmetrical!DOT´s chart is so symmetrical that it almost looks fake.
The uptrend from July/21 can be divided in 3 almost identical parts with a strong resistance/support level between each one of them.
We also have a small head and shoulders (H&S) pattern (blue) that was broken took us from one level to the next one.
Now, we´re testing the neckline of a larger H&S pattern (red). Breaking this could be disastrous and take us down to the low 10´s (or not so disastrous if you´re a futures trader and take a short leveraged trade).
Since this is also 61.8% pullback from the whole DOT lifecycle, this could be a tough one for bears to crack. The black trendline is key for bulls. I won´t take any trades until support or trendline are broken.
Dot can lose half of its valueLike a lot of coins, Dot is not feeling good as well
After a run that started in July and ended with a new ATH in first days of November, Dot has started to roll back and now is trading exactly in the horizontal support
The price action from September by now can be also viewed as a large H&S and a break under the neck-line could accelerate losses.
If the selling pressure in the crypto market continues, I would net be surprised for this coin to drop to 10-12 support zone.
Only price back above 32 would put a pause to this bearish scenario.