- Currently number 9 coin on coinmarketcap. I don't really understand, very overpriced in my opinion.
- False breakout last day above 2 previous highs with no continuation to the upside.
- You can buy this coin for a cheaper price in the future.
- 2 USD is the target.
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DOT just broke out of the Ascending Triangle pattern and is about to return to the $4.5 zone to retest the broken resistance zone. Then It will rise to the $5.2 zone over the next few days. The highest target I can expect for DOT is the $6 zone in this bull run.
However, if the $4.5 zone fails to stop DOT, I think we should sell out and wait for a more positive...
4H Ichimoku is looking extremely bullish for a swing trade
-Lagging span is running super-wide
- Crossing of conversion line above baseline
-Kumo cloud beneath price.
-Stop is placed at profit target #1
hoping for profit target #2
DOTUSDT is creating a triangle in c-fork.
IF the price will break daily resistance and turns it into support, According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
Trade idea. Possible inverse head and shoulders in the making.
Price successfully reclaimed and retested 200 EMA on 4H and currently holding above 20 EMA as well.
There is also hidden bullish divergence in the making.
A successful break and retest of 4.44 level may indicate continuation with a potential profit of 20%.
Everything on the chart.
View on Polkadot DOT/USD (19 Oct 2020)
This is one of the promising coin/crypto in the Cryptosphere.
I expect it shall resume it's Bullish trend soon.
As long as $3.5 region is support well, it will break its down trend line and breaks up soon to $4.5 to $5.3 region.
DYODD, all the best and read the disclaimer too.
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The DOTUSD daily chart could get even more bullish if we break the 0.5 fib level as mentioned in previous ideas. Polkadot DOT is about to complete important milestones by the end of this year and provide additional integration functionality to other existing blockchains. Its price action is looking good provided be get about the 0.5 fib level. We need to check the...