In this chart, you will see the future DOTUSDT Support and Resistance and with that, you can trade long and Short but remember one thing that if it breaks this support you need to short and your take profit will be next Support but if it will not be able to break that support level then you can trade long accordingly and you can set your take profit at on resistance level.
Polkadot has been consolidating for some weeks and is retesting demand zone right now.
50MA and 200MA are about to make a golden cross, this looks quite bullish for mid-term!
Current Price= 29.211
Buy Entry = 29.326 - 26.790
Take Profit= 35.665 | 42.994 | 51.954
Stop Loss= 22.971
Risk/Reward= 1:1.5 | 1:2.94 | 1:4.7
Expected Profit= +27.11% | +53.23% | +85.17%...
I still wait for the long term correction, prices will drop at some point, don't forget it.
But for now I can see a positive trend and the altcoins price going up again, the bull run is not over because a few whales sold off. My general feeling about the crypto markets is that the price are slowly but surely going up again. Good luck
IF this breaks through, these are my potential price targets this bull run. Descending wedge breakout target, previous ATH, cup and handle, and 2.618 Fib Retracement level for the top. Obviously RSI is getting overbought, and this last leg is going to be very volatile. Set stops, secure profits. $60-100 has been my EOY range since March, this fits in perfectly....
made this a few weeks ago, should follow 1 of the 2 arrows (I believe blue but red is a possibility with BTC on the rise).
any feedback will be appreciated.
haven't taken the alt bleed that I believe will happen if btc pulls back.