DOT bounced off the bullish trendline and EMA 200 with a good volume & also break high from Doji Candlestick in TF 4H.
The first confirmation if breakout the ascending triangle pattern & will go to test ATH soon.
Bullish Piercing Line Reversal
This is a two-period candle pattern occurring after a downward trend. The first candle shows a steady downward trend. The second candle opens below the closing price of the first candle and closes between the middle and the top of the first candle’s body. This pattern indicates the reversal of the trend and it is highly reliable.
Currently I see a nice formation for a swing trade. Please see the chart with marked resistance, support and trend lines.
Buy 34.40
SL 33
TP 40
What do you think?
WHY DOT
- I believe we are entering the part of the bull run where market cap takes precedence over other analysis.
- I believe Dot is in a perfect place at 35B entering the super cycle.
- Dot gets compared to ETH very often.
- ETH & DOT have one important thing in common from one another... TIME
- ETH launched right before the last bull run. DOT launched right...
# LMSA just bottomed again
# Another 4 degree pennant formed with potential breakout to the upside
# Symmetrical triangle formation
Full Disclosure:
# I own (long) DOTUSD
# This is an observation, not a recommendation to buy/sell. Do your own due diligence.
Polka is ready to move up. If BTC doesn´t do bigger dump, this highcap can do another perfect step.
The question isn´t if DOT will go up... the question is: Today? Tomorrow?... We´re couple of day close to do big move.
So, be patient, set up SL and be ready to take some profits.
LbL_CZ
Long DOT idea long term into wave 5 analysis
Here is a trading idea for DOT USDT, after forming a perfect triple three, it is time for DOT to breakout after we hit the last leg on this latest C wave.
After we hit our C wave down into our last leg target on the triple three, we aim for breakout into our final and last wave 5 up. Into the space :)
Obv. this is...
#DOTUSDT
39 entry 1 (60%)
37.4 entry 2 (40%)
Take Profit 1: 42
Take Profit 2: 47
Take Profit 3: 50
Take Profit 4: 54
Stop Loss 32
Reward: 41%
DOTUSDT is making ascending triangle pattern which is a bullish continuation pattern and usually breakout in upward direction.
We need to wait for the breakout to take the trade.
Note: Trade at your own risk as crypto...
💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
