similar scenario as my last 2 posts, dot has a daily algorithmic buy signal starting to flash, will confirm at todays close.
i believe dot is in a deep sub-wave 4 here, and it's got one last leg to go, similar to btc.
my upside target for this sub-wave 5 = $64
it could break before then, so take profit along the way as needed.
keep an eye out for updates just...
We are in a strong uptrend since low in July. Making higher highs and higher lows. Trading above the 200SMMA.
Since August the 21SMMa crossed the 50SMMA and is increasing the gap continuously. Trendline is strong support.
After consolidating in the second half of October, DOT reached an ATH on 01/11 ($51.6)!
However the RSI is 3 points points...
The cryptomarket corrected today after the release of economic data from the US, the US Dollar index almost hit 93, hence gained some weight over all assets traded against it.
There are various patterns on other altcoins, some like AUDIO even gained more than it lost today but we'd like focus on Polkadot.
So far it's above the dynamic support,...
Dont usually trade dot because I think its a piece of shit. Most new scams are - and no, just because everyone on Twatter says its amazing, does not make it so - it does more than likely mean they are selling you their coins, however. Looks good here though, I must admit, and id be lucky to get a long at marked levels.
There is a breakout confirmation on DOTUSDT, there is a possible Inverted head and shoulders formation as well, hence expecting a jump towards 27, 27.5, 28.8 and 29.5
Wait for a breakout from 2.260
derpin at dot. i am new to this, this is for my own journal. i drew some horizontal support lines from the past couple weeks. it's currently still on its uptrend but if it breaks down ehre i have the support targetsas horizonal lines
- 30m MSB
- 4H close above LG
- 4H LGR created, was a sweep of the lows but managed to stay above the top of the closest LG.
Targets are the next above LGs.
My bias is up, we're in an uptrend. Nice scalps to make here.
Simple but effective the Ascending Triangle.
This strategy has been very valuable during this market cycle because it allows you to find more
buying pressure (Good Bullish Indicator) .
H1 pattern hopefully she closes before I wake up tomorrow perk of my Time Zone ;) .
I could trying break the pattern down but It'll be a lot easier showing you.