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...
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.
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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...
DOT has closed above the 200 day EMA and consolidated around 4.2 USD. It has started bouncing from this support and we can see a potential move towards 4.6 and 4.8. Stop loss should be placed below the support of 4.1 USD.
PolkaDot burst on to the scene back in mid August. It's been touted as the "Eth Chain Killer" once or twice, and after public statements that it should have a value of $5 with a 5b market cap, it shot up to a 5b market cap and became one of the top listed coins out there. I imagine the conversation at PolaDot went something like "I can't believe that actually...
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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