the price of Dot had a breakout from the falling wedge, leading to amazing profits. The price also had a breakout from a descending channel, which is a bearish pattern characterized by a series of lower highs and lower lows that form a downward sloping trendline.
A falling wedge is a chart pattern that occurs in a downward trending market and is characterized by...
In the daily time frame, the price is above the bearish channel and also in the range of the important bearish order block.
If this analysis is confirmed in lower time frames, enter the short position with more confidence.
You can move the stop loss during the trade to get more profit.
Back in June in proposed a long trade on DOT weakness, whose first targets were roughly 17$ and 25$, to be evaluated within 3-6 months.
DOT proved to move much slower than i originally expected, both ways, mainly due to markets uncertainty.
Yet scenario is basically unchanged to me, the log chart above is still self-explanatory.
I do think such targets will be...
🔥Hi, friends! The US Department of Justice announced today that it will take international action regarding cryptocurrencies. A lot of liquidity starts to flow into the market. Retailers start to sell their crypto on this FUD.
According to this, I make a fresh update for Polkadot. Now DOT is testing $5.73 key level which is really important support. If the...
It is very likely that the DOTUSDT price is currently in the process of forming a global reversal trend pattern - "Inverted Head and Shoulders"
Of course, the final confirmation of the pattern's formation will come after the DOT price is firmly established above $10, and buyers will need to make a lot of effort to achieve this.
Looking at the chart, we can say...
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for DOTUSDT
As we analyzed on January 24, we expected a rise for the price and in this chart we have this expectation happening correctly. In this chart, R3, R2, and R1 are our resistance areas in which the unsuccessful triumphs of price is obvious. And S1...
DOT is in a Downtrend channel and as you can see rejected from upper band and also we are in pivot area in weekly and daily also div is clear on daily , if price drop below 5.9 we will go down again , as as market show us blood will be in the market ,
anyway if you are in long position suggest to close and if you want to make short position put stop above 6.82 ...
When you start a new trade, the action needs to go in your direction right after you jump in.
If you are on the long side, then prices should start growing soon after.
If you are on the short side, then prices should drop dropping soon after.
Buying long and seeing a drop right after is a negative signal, just as buying short and seeing a price increase...
Hello everyone, I invite you to review the DOT chart in pair to USDT on a one-day timeframe. Let's start by marking the downtrend line, which the price has broken above, and we are currently moving above the uptrend line.
Let's move on to denoting the resistances that the price must overcome, and here we see that the first resistance is at $7.14, the second...
PolkaDOT has undeliverd in the last bullrun on my opinion.
The project is super strong and they have one of the best dev teams there is.
Also great comunity.
It's one of my top 3 favorites.
Great ecosistem, fast network, original aproach.
Let's go DOT!
This are only my humble ideas. It's not a financial advise!
Take care of your hard worked money!
DOT is usually trading below the radars of the big cryptocurrency influencers although it is already proven to be superior with its all technical advancements and future implementation as outlined in the roadmap. But this is not a pro-Polkadot post, so I will keep it simple.
1. Long-term downtrend - broken.
2. 21-EMA - flipped
3. $6-$6.2 horizontal...
Today, I showed you the Polkadot road map🗺️.
Polkadot is running near the heavy support zone.
I expect Polkadot will go down a little more and then start to rise to a heavy resistance zone( about +200%)😱.
🔆Suggestion: If you want to add DOT to your portfolio, you can wait to break the downtrend line and SMA 100(Daily TF).
Polkadot Analyze ( DOTUSDT ) Timeframe...
DOTUSDT has recently had a breakout from a falling wedge pattern.
A falling wedge is a bullish reversal chart pattern that is formed when the price is trending downwards but starts to converge in a tighter range.
This pattern is characterized by a series of lower highs and lower lows that are connected by two trendlines that are sloping downwards.