DOTUSD trade ideas
DOTUSD (4H) Bullish reversalHi Traders
DOTUSD (4H Timeframe)
Waiting for the upward break of 43.02 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 37.32 would cancel the bullish scenario.
Trade details
Entry: 43.02
Stop loss: 37.32
Take profit 1: 46.37
Take profit 2: 52.07
Score: 5
Strategy: Bullish reversal
Polkadot Schemei never been a moon boy but i like to predict hope.
Everything is always depending on theKing but if we get a new bullish impulse before next year, DOT could follow his master this way.
Remember to manage your invests, Don't go all in, follow BTC movements, keep money to rebuy in case of fail.
The Key is yourself.
This chart is still conservative in the numbers to reach.
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Trading Parts
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TP1 = 75$ ish
TP2 = 100$ ish
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Happy Trading
Educational. How to trade a broadening wedge pattern? In this video:
* How to spot and draw a broadening wedge pattern.
* What constitutes an official broadening wedge pattern.
* Is the pattern bullish or bearish?
* What is the probability of breaking down vs. moving further up?
* How to measure target down and how to measure target up?
* Other notes to make on how to trade.
DOT Daily Stochs Ready For Lift OffWe see multiple factors coming together for DOT after the sell off market wide.
Stochastic RSI has found its bottom here on the Daily chart and now pointing up, with RSI pointing up in agreement.
The price action and underlying momentum wave are primed to flip approximately $42 price to very strong support.
Parachain auctions and WEB3 are just around the corner, just look at EGLD as well.
Entries at this point may see good gains in short and long term!
O7
DOTUSD - possible shortHello all,
DOTUSD has recently broken out of the midterm rising wedge pattern.
Now it seems like it is going to form an AAD pattern on 1H-4H time frame.
Possible points for successful entry, scale-in, SL and TP are pointed on
the graph. Good luck!
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision.
DOT Polkadot could be in a great position for a supbounce scalp For you scalpers out there DOT is at the support area of a long broadening wedge. I really wanna wait for candle confirmation to make the actual trade myself but it looks do-able. SL @ 37.33. The biggest issue right now with all of this is Bitcoin. BTC controls how the rest of the market acts. Right now BTC is falling day by day after getting to ATHs last week. So it needs to be monitored with your trade. When scalping you NEED to always watch Bitcoin and use BTCs momentum in conjunction with your scalp trade. DOT still has an excellent outlook and hopefully we see a bounce here and a rise back up to resistance.
Polkadot Bullish Trend: LongPolkadot has established a clear channel and is currently testing support.
Expect reversal with DOT to begin bullish action and enter price discovery as the auctions gain momentum and the Polkadot ecosystem begins to expand.
Reference is the Polkadot test network, Kusama ($KSM) to see impact of auctions on price and mCap.
Fundamental: Parachain Auction Underway
- Phase 1: Auctions #1 thru #5
** Begin: November 11, 2020
** End: December 16, 2021
- Phase 2:
**Begin: December 23, 2021
**End: March 10, 2022
DOT, reached the trend support level.The following content is machine translation:
At present, it has reached the trend line. If it steps back in the past two days, it is a good position to have multiple layouts near the trend line.
From the wave point of view, if there is a rebound here, it is most likely to be the fifth wave.
You can play near the trend line, and you can stop the loss if you break the trend line.
DOT POLKADOT Big Move Incoming! TARGET $600DOT played out a nice rounded top and corrected bouncing off the curved trend line. Its almost done its consolidation/correction and its on to the next big move up to about $600! This one isn't done yet so hold on to your hats. Not financial advice just my opinion. Thank you for checking out my chart, follow me for frequent updates and if you have any charts you would like me to look at please let me know. Happy trading and stay safe my friends!
MY MINIMALIST CHART ANALYSIS FOR POLKADOT$DOT
11.16.21
2353H +8 PACIFIC
ALERT: ENTRY POINTS
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
JUST DYOR ENTRIES. Watch for Price action/ RSI and STOCH, VOLUME, and FIBS. Set your tight stop loss as any geopolitical, natural/man-made calamities will change the course for our TARGET AREAS OF VALUES.
REMINDER:
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
You can CLICK AND hold THE CHART and PAN or DRAG IT.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!
DOTUSD (4H) Bullish reversalHi Traders
DOTUSD (4H Timeframe)
Waiting for the upward break of 49.42 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 43.91 would cancel the bullish scenario.
Trade details
Entry: 49.42
Stop loss: 43.91
Take profit 1: 52.43
Take profit 2: 57.8
Score: 7
Strategy: Bullish reversal