🎲 #DOTPERP - LONG - #SCALP #IDEA 🎲
- Broken 2 key resistances with high volume
- Expected retrace is on the cards so aim for lower entry if possible
Take Profit 1: $9.789
Take Profit 2: $10.571
Setup: Dot is bearish on both the 1 h and 4 h timeframe. It shows signs of constantly getting rejected by the POC which is confluent with the 50 EMA. Furthermore, it is currently ranging but the OBV is making a lower low, signifying a divergence.
SL: Trail using the SAR( currently at 11.486 which is above the POC)
DOT has completed a 5 wave correction sequence in a downward channel from its highs into a weekly demand zone. Its had a high volume bottom as it come into the zone and closed with a rejection wick and pinball close on weekly. The trend has started to reverse and put in a HH on the 3D having reset on the RSI from being oversold and now trading above the MA and...
Looking at DOT and i am seeing a bullish crab on the one hour.
Please keep in mind i am still learning harmonics as well as trading.
I will look for a buy in the purple area.
DCA into the purple if you wish.
Buy order is placed at 22.315 with my stop loss below the red area. ( for me personally )
Would look to take profit in the white areas.
This most likely...
Trying a play on this potential head and shoulders play. But market must not fail now for this to be valid. Fingers crossed. Feel free to share disagreements or factors I'm missing. Or if you agree and can see it happen as well.
Do I have to scream at you for you to realise what is coming?
I have been in crypto since 2013, I have seen crashes, corrections, hype, hope, delirium and everything in between.
Now is the time.
So with a condescending Joe Biden whisper I say to you "be prepared".
Perfect Gartley and Bat patterns are on the watch for DOTUSDT.
We believe it is enough for crypto to go down and start showing some signs of rebound starting from this point.
If you trade futures, set your SL below A.
DOT is a now at very significant support. Current market conditions are a bit uncertain so we need to see if this support holds.
If it holds, that would be a nice long opportunity. If we lose the support, we need to see what happens around $20.
Near previous ATH would be the take profit levels we are looking for.
We would like to see a close above the 50 weekly...
the perma bears are excited today,
the media thinks the sky is falling,
and we, are just doing our thing.
swing dot from the local golden zone -> 100% extension for free moneys.
buy - $27.2
target - $34
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...