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.
I think we might be seeing an inverted head and soulders pattern in daily chart from DOT/BTC. Upside potencial goes to aproximately 0.00075 by this pattern. Shall we wait for the confirmation. In the way to the high point of the pattern it might be a resistance from a suport point of the last bear, breaking could throw the prices above the pattern prediction.
Okay is Front-testing something right now to make a good decision :D.
Traveler pk003: I have decided DOT will not be regulated, Don't care and I don't know what BTC (Bitcoin) is in the future.
AI code 1.382, 6184.108.40.2062,
"Anything can happen"...
Upon looking at the chart, I see accumulation going on while the price is trying to trend even higher. I also see a fractal confluence, others are listed in the chart.
Happy long weekend, we should see dot/BTC higher if my analysis for this instrument is correct; technically speaking.
Disclaimer: Trading any financial products carries financial risk, do your...
Dots had a solid run over the last month, i only traded this on spot and was happy to ride the waves, how ever im feeling a possible retracement coming at the moment.
We have hit a level of resistance and after the run we have had and the 3 impulsive moves, I would be expecting a descent market correction over the next few weeks.
Bull case is a sharp and short...
Dot is printing a beautiful hammer candle on the weekly with a nice wick down through 8W MA, 20W MA and 21W EMA. Hammer candle signifies a bullish reversal and if BTC just holds in its range above its 8W MA (45k) DOT will pump to ATH. Parachain auctions are brewing with an intended launch of Mid-October. Interest over the next month will be HIGH.
It's testing the 1 hr vwap, can it get enough mojo to break above and rally?
DOT/USD is already in rally mode. Waiting on DOT/BTC to do the same.
Interesting that ADA is dumping, I hope we see equal value arbitrage between ADA and DOT pairs. That would be awesome. I remain bullish on DOT and Bearish on ADA. Don't care what BTC does because it doesn't exist in...
If btc continues strong and the market stays bullish. this perfect bull flag on the handle of a cup and handle is extremely bullish. Retraces and retest on another daily is possible. Dip or bust if bitcoin becomes volatile, and alts dump. There is a bear div that will need to be punched through.
Hey all, i think due to the shape of DOT's previous run, it made sense to think of it in terms of a channel instead of a standard fib retracement/extension. Currently in XLM but can't wait to get back into DOT! Looking to triple in these coming months at least. Everything looks awesome for the next 6 months.