DOTUSDT , Are you ready for 2nd Target ???Hello everybody
According to our previous analysis about DOT , We shown on chart a buy zone area that 2 times came in and there is a opportunities for buying and wait until reach our Target .
As seen on chart our first Tp was reached and now we are ready for 2nd one and after we break minor resistance that shown on chart we can go and reach to the 2nd target .
Dont forget that Dot is one of the amazing project in crypto
Dont forget stop loss and money management
Being with us , follow us and share us
Previous analysis
Good Luck
Abtin
DOTUSD
DOTUSDT , Where we are ?Hello guys
According to the chart that shown it , we are in up trend ( bullish trend ) but at this time we need Pullback to buy some dot or take long position for futures trader
We have a main zone that shown it on chart with yellow color and we shown a zone with pink color ( this pink zone its important area for the price if the price can close candle below than the pink area , the up trend can change the trend to down trend )
we think we can pull back to the red area and this is the attractive zone for buying some DOT :D
Dot is amazing and one of the Wonderful project in crypto for solving many things , we can say fundamental of project is powerful and because of that we can take more price over 100$
Dont forget Stop loss in any trading
if anyone have any question , send me messages and Ask :D :D :D :D
Good Luck
Abtin
DOTUSDT Consolidate and wait for entry!/Trading StrategyBYBIT:DOTUSDT
1H trend chart
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With the strong support zone, that was formed from long-term neckline, and the upper downtrend line.
Both keep price converging in a triangle formation, direction is still unknown.
So just wait for a break from this triangle.
If the upper downtrend line can be broken out, trading strategy as below.
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Profit Targets:
a) 35.320----Fib(1)
b) 37.005~37.685----Fib(1.272~1.382)
c) 41.510-----Fib(2)
Stop losses:
a) 32.430----Redhorizontal ray
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
DOT RUNNING! - UpdateDot has broken past the local golden pocket and the final major local resistance, and is currently pressed against the top of the major golden pocket,. which tracks back from the May - July dip.
Chart Patterns:
Dot rejected the bearish head and shoulders pattern that I had previously predicted on Sept 30th.
The Head and Shoulders pattern from September could be looked at as a symmetrical triangle with a target price the length of the tail (around $44)
The technical indicators shown:
MACD - Has turned up and is bullish green, which signals to me that DOT will break farther upwards.
RSI - Shows bullish RSI divergence moving forward. Note, I have the bearish RSI Divergence marked from April - MAY which signaled the major dump. The bullish RSI divergence SHOULD be the same, but opposite, strength as what we had in May.
Fix Range Volume indicator: Shows we have broken past the volume resistance.
ITG Scalper - Shows a buy signal from about a week ago.
My strategy:
First off, I would like to note that DOT in my opinion has been manipulated HEAVILY in the last few months and should be a top 5 project.
I closed position between 38 and 36, and started looking for a buy position when DOT bounced off of the $26 mark. I entered around the $28 mark and currently holding that position.
If we bounce off of the golden pocket with force, I will close position and look to reenter around 30, or on the break upward past the golden pocket.
If we break past the top of the golden pocket, my targets are: $44, $50 (this is ATH), $62.
Currently looking for a price target at the end of the bull run $100 by December, $250 if extended.
This is not Financial Advice.
Chart of the Day: DOTUSDBreakout with increasing relative strength, expanding positive MACD and 20EMA Daily clearing from the 50EMA Daily
I appreciate if you write in the comments all your questions and instruments which you would like me to see analyzed.
Thanks for pushing the like button, write your comment, and share with your friends. I would like to thank in you for all your support.
P.S. It's important that you make your own analysis and trade within your risk parameters.
DOT breakoutDOT broke out of our triangle pattern that has been forming since late august. We can see a strong bullish candle just tapping the most recent resistance level. If it closes above I will consider that a strong entry point.
We can also see the 50MA curling up and looking like it's about to form a golden cross. Volume seems to be increasing as well although there is room for improvement on that front.
DOT mirrored leveraged token. This is solely to look at in the future.
Green lines represent buy orders.
Dot Will hit 3 digits.
DOTUSDT Tries to decide direction!/Trading StrategyBYBIT:DOTUSDT
4H trend chart
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Currently, price is in a descending tunnel, and gained 3 support during consolidating
1) 144 and 169ema, now it gets back on 12ema
2) Price left a tail while rapidly broke down the bottom of tunnel.
3) Fib( 0.618)
With these 3 signals of bull, we could open position while tunnel is broken out, and trading strategy as below.
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Profit Targets:
a) 33.390----Fib(1)
b) 35.280~36.045----Fib(1.272~1.382)
c) 40.345-----Fib(2)
Stop losses:
a) 30.055----Orange horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!
Polkadot +29% Incoming ($38.83) Last time we saw a green dot indicator on the 2hr we saw a 29% increase over 3.5 days (45 bars) with no money flow. Today we just confirmed a green dot signaling a strong reversal of trend to the upside. In trend follows suite we should see a +29% increase probably more with the substantial amount of money flow.