Dot has been accumulating between a upward trend and it seems like it will breakout soon
I am expecting another massive run for upward trend
It is for a long term Hodl so don't wait for fast gains
Buy Zone : 0.50--0.58
TP1 : 0.00066533
TP2: 0.00073496
TP3: 0.00085433
SL: None for now
DOT / BTC
price show bullish accumulation pattern against BTC pair in previous high swing area
Holding above MA 20
The volume is strong
From previous experience...it can do massive Breakout soon..but if only BTC keep calm and Dominance drop a little
You can check too my previous idea about DOT against Tether (USDT) pair here 👇
Good luck
I just embarked on a journey to create custom trading strategies for major alts. I’m just sharing one of the analysis that I’m doing during this journey. I have not yet formed a consistent strategy, so this is merely for social sharing purposes and not meant as a trading signal or financial/trading/investment advice.
Polkadot Cryptocurrency price made breakout above the Ascending Triangle and now moving higher
Buying the breakout here below 0.00059
Stop loss : 0.00050
Target : 0.00057 , 0.00063 , 0.00075
DOT/USD is currently about to break the Bull Flag on the Daily: Once we get the push above $20 psychological, we can move towards 30.
=> This would lead to the trend to continue since the Bull Flag break at $6.
Correlation to BTC and ETH requires those stay at least neutral/sideways for Polkadot to move higher.
- Bull flag
- Good sentiment
- Crypto market recovering from FUD
- sitting on Value Area
- momentum testing resistance
Entry 1: here
Entry 2: 19.4 with confirmation
Trigger: Strong volume and hold over resistance area
TP: 23
SL: 14.5
Risk: 14.5%
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I will be looking for a strong breakout of ATH for the next major bull run. Can also enter a small position here in anticipation of the breakout,...
This is one i've been stalking for some time as well. DOT had a nice run up and met resistance pretty darn close to the ATH where it was rejected. It made another attempt building one of my favorite patterns to trade.
Three ways to play it:
1) Take a position around the current area if it fits your trade plan. This is the riskier entry but higher RR...
Dot is one of the leaders of DEFI coins and it is only going from one level accumulation to another. Higher and higher.
It just broke out of the last bull flag and already retested.
From the target it should re-accumulate for another level.
Really its almost Blue Sky ahead, price discovery. See under in comments the BTC pair chart, wich is showing more whats...
$DOT
Volume starting to gain momentum as it bounces from ~47k sats
Keeping the HH-HL sequence w/ UCTS remaining bullish across HTFs.. (~40% since UCTS Buy signal on the daily)
For now, looking for ~52k to hodl & aiming for a potential all time high retest/breakout..
#DOT
- Extremely bullish on daily & 4H
- Important support at $18.6
- Retested 50 EMA
- High volume
- MACD curling down (not on chart)
- RSI hidden bullish divergence
TP: $25
DOTUSDT (4H CHART) Technical Analysis Update
DOT/USDT currently trading at $19.60
Buy-level:$18-$20( Wait for the small retracement)
Stop loss: $16.95
Target 1: $25
Target 2: $30
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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