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DOTUSD trade ideas

Polkadot (DOT) - October 17Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSD 1W Chart) - Mid-Long-Term Perspective Above the 10.16 point: expect the uptrend to continue 16.15-20.27 or more: Expected to create a new wave. (1D chart) A volume profile section is formed over the section 10.16-23.03. Accordingly, if the price is maintained above this range, it is expected to create a new wave. Also, if the price is maintained above the support and resistance zone formed over the 29.85-38.69 zone, the uptrend is expected to accelerate and record a new high. If it falls from the 29.85 point, a short-term Stop Loss is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, 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 regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of 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 is not publicly available, 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.)
BINANCE:DOTUSD
by readCrypto
Chapter 1 of the DOT Story - Polkadot Parachains Polkadot is just really getting started. Today the parachains were announced and the PA reacted instantly. A famous saying goes "show me the charts, I'll tell you the news". Well right at the end of a near perfect cup n' handle, parachains were announced. Coincidence? Fibonacci? Random word to sound smart yet mystic-like? Whether you buy in now or the retest around $37-$40, this is your choice. But 5-10 years down the line when 1 DOT token will be valued over $10,000, you are not going to care whether you bought the retest or not. $10,000 how? Simple. Polkadot is a layer 0 solution. It is naturally going to solve every other blockchain's problems of scalability vs speed vs decentralisation with its parachains. Don't be surprised if we see a Solana or an Ethereum bidding for a parachain someday to fix their own issues that won't be solved by their (dare I say) centralised base layers. If there is 1 token that will not only overtake ETH, but overtake BTC, I have my money on DOT. Assuming of course nothing drastic happens to their code. Why? DOT's utility is made to drive the price up. When the community are leasing DOT tokens for up to 2 years at a time - multiply that by 100 (for the number of parachains) and then add the fact there will be a large chunk put into staking for governance and, furthermore, DOT's that will be in corporations and countries' balance sheets/crypto reserves, what's left is a very little supply of DOTs left circulating for us. Let history remember this.
BINANCE:DOTUSDLong
by yas_btc_eth
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