BINANCE:DOTUSD
DOT formed an upward sloping accumulation structure and entered an uptrend in the price channel after large investors performed the final shakeout (Spring) to shake off small investors at the bottom of the price channel.
This accumulation structure shows that the strength of the Buyers is overwhelming the Sellers.
That gives investors the right...
polkadot is forming a inverse h/s, as polkadot has been a bit lagging behind i do expect this to break out these next few weeks and retest, i drew a line to what i kind of expect. technical target lines up with the .38 fib level as well, with any pattern we see declining volume as we near the end up the pattern. want to see higher volume then normal when we break...
If this rolls over you might be lucky to get out at $6.90.
I am looking to buy back in near $4.30
Bull run in a bear market...
NOT FINANCIAL ADVICE!!!!!
DOTUSD BULLISH LONG
LONG FROM (NOW): 7.749
consolidation area 1: 7.557 - 7.906
consolidation area 2: 10.843 - 11.838
TAKE PROFIT: 11.814
i will be waiting for this to continue to: 14.088
but for now, SL: 6.512
entry:7.749
take profit: 11.814
Another trade I've taken today is here on DOT. Once again, my proprietary blend of custom indicators are all flashing green. Reinforcing the bullish signal is, of course, good volume support on the underside of price along with all SMAs (50,100,200). RSI is hot but not in overbought territory as, it would seem, everything else is. I can see us double-topping...
Recent bullish crypto movement gives DOT token opportunity to run side by side. Breaking upper trendline gives DOT strength to retest 50% of move down.
Hello traders as you can see Polkadot is displaying a but signal on the CE, the stochastic RSI is also starting to come up as well as BB% indicating increasing volatility. Waiting for a fractal conformation I believe the bottom is in for DOT. We can also see some volume on the weekly. Polkadot could see $26 as a starting point
This Month FORECAST
Opportunity for DOTUSD. This setup trading idea is for SWING. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Let's take a deep dive into the Polkadot BINANCE:DOTUSD 2-hour chart. We may have already completed Wave (2). However, there's a possibility of a further descent to the 61.8 or 78.6% retracement levels. This wouldn't be surprising, given that it's quite brief for a Wave (2) in the time-based Fibonacci zone. Despite this, the overall chart still appears...
It looks long with a correction to the nearest level up to 6.34, perhaps even lower from the zone of 6.25-6.31, from there you can look for buy points up to the level of 6.63 - 6.83
5.85 is the .618 retracement on DOT, which lands perfectly on the support band.
If you would like to make more DOT, you could stake it as well for 1 year.
Head and Shoulder Breakdown: DOT's daily chart shows a bearish reversal with a head and shoulder pattern breakdown.
Crucial $6.50 Support Breached: The bearish momentum intensifies as Polkadot's price falls below the key $6.50 level, aligning with the 50% Fibonacci level.
Risk of Dropping Below 200-Day EMA: If the current sell-off pushes DOT below the 200-day EMA,...
Key Analysis Points
Current Market Scenario: DOT price reveals a significant bullish trend, poised for a breakout.
Performance Highlight: With a 79% increase in intraday trading volume, DOT price shows strong momentum.
Technical Outlook: If DOT breaks past $8.35, it could soar to $12, marking a potential 40% hike.
Market Catalysts: Bitcoin Spot ETF approval has...
Wave 1 of the 5th wave is in?
This is how I am playing it.
Around 8.20 is my next target for wave 2.
8.80-11 targets for wave 3.
After that we could see some pain I believe.
This could also flop.
NOT FINANCIAL ADVICE!!
Let's see that 50K BTC!!
