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DOTUSD

(DOT) POLKADOT - Cup and HandleHello everyone ! 
 Today the Black Cat Trader is analyzing DOT based on a weekly chart.  
 What we can see : - A nice Cup and Handle pattern has been printed on the weekly chart. We can see that prices recently broke the neckline at 37.80 $ - Using the pitchfork (low : 3,60 high : 49,78 Low : 10,37) we can see that prices are stuck between the median line and the intermediary lower line of the pitchfork. 
 What we can expect : - The ideal scenario would be for prices to make a pullback on the neckline of the C&H pattern at approximately 36,50$ and then take off to go even higher. You can see that the expected pullback area is located exactly where the intermediary lower line of the pitchfork is. - Using the trend-based fib extension we can mathematically expect prices to reach two targets that match with our C&H objective too (208,25$). Take profit 1 : 85$ (1.618) Take profit 2 : 131$ (2.618) Take profit 3 : 177$ (3.618) Take profit 4 : 208 $ (C&H objective) 
 Support 1 : Neckline of the C&H / Intermediary lower line of the PF Support 2 : Mid-term ascending trendline Support 3 : Lower line of the PF 
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 MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Long
by Hector_Bienvenu
DOTUSDT - Combine 2 candles and 2 appropriate points for entryBYBIT:DOTUSDT 1H trend chart - Price left a long tail before, then rallied rapidly. Here, we can combine them as 1 candle, means support level around $41 still works. Now, it broke out this short-term downtrend line, so here is a first timing you can open long. However, there is a resistance zone around $42.84, can confirm price stands at it or not. In a nutshell, closure of previous candle $42.515 is 1st point 2nd point is $42.84 if stood firm of 1H chart. I suggest that 2nd point, which is low-risk strategy. - Profit Targets: a) 44.81----Fib(1) b) 46.21~46.77----Fib(1.272~1.382) Stop losses: a) 41.345----Red horizontal ray b) 39.515----Red horizontal ray I provide 2 SL, depended on the risk you can take! - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
THOT Dot Dot Dot Chart by CryptoKneeThe last chart was wrong about the omlu but pretty dang close to catching the pivot point. It broke a yuge resistance area, now it just has to come down and find some support and flip it. Have a bear and bull count on here, not saying the Wave 3 is done yet, the more PA pumps the better, more proportionate, it would look. Holding 38.50 would be pretty huge because a break below could turn it back into resistance pretty quick, I reckon. Either Bull or Bear could potential play off that level if it continues to show a reaction to the area. MO.
by CryptoKnee
DOTUSDT - another short-term try of breaking out!BYBIT:DOTUSDT 1H trend chart - $42.38 is the closure of previous candle and broke out the short-term downtrend line It's a nice timing for entry. Trading strategy as below - Profit Targets: a) 44.81----Fib(1) b) 46.21~46.77----Fib(1.272~1.382) Stop losses: a) 41.2----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
4
Polkadot (DOT) - October 17Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSD 1W Chart) - Mid-Long-Term Perspective Above the 10.16 point: expect the uptrend to continue 16.15-20.27 or more: Expected to create a new wave. (1D chart) A volume profile section is formed over the section 10.16-23.03. Accordingly, if the price is maintained above this range, it is expected to create a new wave. Also, if the price is maintained above the support and resistance zone formed over the 29.85-38.69 zone, the uptrend is expected to accelerate and record a new high. If it falls from the 29.85 point, a short-term Stop Loss is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it is not publicly available, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
BINANCE:DOTUSD
by readCrypto
DOTUSDT - Good timing for entry!BYBIT:DOTUSDT 1H trend chart - $41.995 is a nice timing because confirmation of breaking out the downtrend line Also, potential double bottom is forming, so I regard it as a great time for entry. Trading strategy as below - Profit Targets: a) 43.240----Fib(1) b) 46.275~47.505----Fib(1.272~1.382) c) 50.135----Fib(2) Stop losses: a) 39.500----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
13