Hi everyone
Polkadot broke the main descending channel 3 days ago and still could remain above it
MACD on daily chart shows positive signs and price stuck into ICHI cloud.
if the price can close above ICHI cloud then bulls have strong chance to take the main role.
below the 34$ level though price is at the risk of more drop so our next key support level
would...
A trend line has formed on the DOT chart.
The price is slowly moving towards this trend line. It should be noted that each fall was accompanied by a large volume at the bottom. This is a good signal for the continuation of growth. In case of breakdown of the trend line, there might be a good opportunity for buying. But we should not reject the possibility of one...
In short term you can consider the provided targets to buy DOT (just if it breaks the bearish trendline and keep itself on bullish mega-channel midline, then we can buy DOT at current price, but it is better to buy it at 3 or 4 parts!)
In mid term it is bullish and can see $100 and above
DOT is in Web3 category which will be trend in 2022 after metavers
DOTUSDT trade hit our first target. Now trade has new opportunity to go up 2.5X.
Don't forget to support by share your ideas and hit like and subscribe button.
Since beating the ATH with a minimal margin, DOT has been very weak, losing over 35% in a month.
Looking at the chart, a massive bullish triangle can clearly be drawn. With DOT trading down for weeks, there's a possibility that DOT will continue to do so and lose even more value.
In the case of a further drop (or even a big sell-off of BTC), I'm expecting...
Top of the Mornin' !
Dot has a great run, although I'm still missing a fifth wave to the top.
We've bounced twice from the resistance, but the lows keep being higher - this suggests a higher probability to break it and reach the top - which imho will be at $82.
If we break down from the supporting trendline - we can possibly retest only ATH at around $50.
Cheers!
#DOT/USDT TA update :-
$DOT is good potential for Long term.
Now Support 1 ✅
BTW 400% did from our first Entry.
And 130% did from 2nd entry.
Now I am buying some and if more dip I will add more around $28
Target still $100
If $35 support break then next Price we can see around $28
Support :- $35/$28/$24
Resistance :- 48
#DOT in it's #USDT pair is in the Uptrend channel and retested important supporting level including dynamic and static support in the area of 33 and it can make new high based on fibo levels
targets : 39 - 43 - 47 - 55 - 69
Stoploss : 32
Rebuy: 29 - 27 - 26 - 23
DOT recently bounced of 2 fibonacci levels.
The bigger fib was drawn from the lowest point to the highest point (pink fibonacci).
The smaller fib was drawn from the recent higher low to the highs (blue fibonacci).
This indicates to us to that there's bullish buying pressure now. We also so a breakout of the red descending trendline indicating to us that the...
The chart shows a Positive divergence in the RSI indicator.
You WILL see the Buy signal in the stock indicator.(Maybe to night 😃)
You can see the broken downtrend line.
Will it reach the moon? (Will you change your car?🚗)😃😃
BINANCE
