DOT currently hold strong Support area around 40usd. And I'm expecting some good gainz if we see a breakout here.
- Wait for the Candle closure above the reen Resistance box.
- Put your Stop Loss below the breakout candle or green support area.
- Take Profit: 45.5 usd or Trail it with a Trailing SL.
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I want to publish my analyze for Polkadot on tradingview (first time).
My idea: we are on micro wave 5 from Main wave 5 (END OF IMPULSIVE MOVEMENT).
We have 2 setup for end of wave 5 :
Setup 1 (cluster 1)= 46.359$ - 46.311$
Setup 2 (cluster 2)= 52.4$ - 51.44$
We have a divergence between MACD and Price (but we have to wait for confirm...
DOT has so far played out perfectly and my main target remains. With BTC consolidating at current price or creep up higher, DOT will be reaching my target easily.
Everything still looking amazing!! I am holding my DOT!!
Things to Note:
1. Price moving in Megaphone Pattern for the last 2.5 months
2. The target level of this pattern on the upside is $35.
3. Nearest support zone lies at $28-30
4. On the downside, if 28-30 doesn't hold, we can see $20.
5. Since we are in the Bull market, it is more likely to BO to the upside.
P.S: This is NOT investment advice. This chart is...
IMPORTANT TIP: CRYPTO Market IS AT TOP, On Weekly Timeframe BTC is Bearish. Still Alt Coins are Rising Continuously "Please Invest only 1-2% in Alts Whenever We Post Signals"
🎯Target 1: 40$
🎯Target 2: 45$
🎯Target 3: OPEN
we have seen a huge down trend in ALT coins as well in DOT ,right now this is compeleting a decsending channel in the 4h tf,this correction can end in some prices about 30 or 28 and then we will see a big uptrend move to 49 or 50 or so
Dot has been in consolidation for quite some time, and it is one of the superior cryptocurrencies that has an actual use case as far as fundamentals are concerned. And it has barely moved the needle over the last few weeks. It definitely has all the signs of a wyckoff accumulation phase though, and it seems like we could have some very impulsive moves as it just...
A coin with very good potential. More than 40 days DOT accumulates volume. I see the entry point only after the retest. I don't exclude the continuation of the movement in the range.
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$DOT currently trading at $37.50
Still waiting for breakout upward.
If breakout confirmed for 4hr candle closes above $40 then Ready for $60 easily (+50%)
✅ Buy: 36 - 38 ✅
1- $50 (25.03%)
2- $60 (50.02%)
3- $80 (100.0%)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $26.50
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Dot just broke the Symmetrical triangle pattern in search of ATH, TP1: 42 TP2:44 TP:47.
this is not Financial advice but merely a study of the patterns and market behaviours.
shooting the web to next long candle 🕸 🚀