Dot moving in potential rising channel.
Kindly follow the suggested BUY zone on the chart
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio. We wish everyone success.
This is the Polkadot chart pairt with Bitcoin, whenever we see this Cup & Handle "Breakout" we can expect Polkadot to enter an amazing alt phase with targets above all time high!
Not financial advice and only valid "IF" this Cup & Handle breaks out and gets a confirmation!
Because of the btc dominance chart getting a pump btc is stronger then ALTS and the BTC Pairs are getting beat up.
DOT is holding up well just searching a weekly higher low. I think we will soon set that higher low in the green box.
If we would drop lower to the trend line that would be all in for me but i don't think we get that far.
Thanks for taking your time...
BTC pair of DOT is trading inside a descending parallel channel, if this daily candle going to close below the blue support line, then price will drop more to the long term support zone, which is around the middle line of parallel channel.
In my point of view this support zone will hold the price and then we will see another rally to break the channel to...
think this one has a very good couple of months...
strong reation to the deviation outside of bullish funnel
forming a pennant at the base of the funnel
probably breaks to theupside imo
i think the 1.618 extension by november is a possibility for this one as it seems to be leading the charge in terms of bullish l1s
dot-sol-atom-eth rn for me
Trading plan for DOTBTC
Dot have been range bound for about 45 days now. If DOT has a 6H close above the March monthly high, around 7665 i'm entering the trade
with the 3 targets above.
Invalidation will be added once this happens.
think this one extends to the top of the funnel and fib level in november
big q4 starting up now
deviation with btc going on a rampage but held the level and reclaimed bullish trendline indicating strenght
early strength in q4 probably means a massive q4
easy hodl 2-3months
That was sarcasm by the way. Thank you DOT for proving that strong alt projects are very much alive and no, BTC dominance is not 'too high'.
Expect more of this from more great projects for the rest of this year, and don't forget to take profits/tip your bartender.
Looks like this is an important level for DOT to hold in the short term. Already lost a trend line, which has also acted as resistance. If this support is lost then price should land on the blue support.
Fundamentals should wake up price action in the not too distant future though. Parachain auctions are not far away, although not sure exactly when yet, and I...
DOT formed H&S pattern, with target bellow 22,72$ (previous squeeze level)
Invalidation scenario for this pattern will be forming of falling wedge with further upward movement
Anyway, BTC weakness will push the price down until announce of Parachain auctions and voting about start