DOT - We are about to break 44 DAYS old trendline!Reasons to take long:
⭐️ BTC bullish
⭐️ Trendline is 44 days old
⭐️ Trendline is clean
⭐️ In the end of local formation
⭐️ Slowly squeezing to the trendline
⭐️ 4th touch
⭐️ 35 ATR
⭐️ Over VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
DOTUSDT
DOT bouncing off support and in descending wedge DOT is bouncing off the lower blue support line that I have (picture below)
This is a very strong support level, and on top of that it is doing this in a descending wedge pattern, which is a special bullish pattern.
HOWEVER, this coin has NOT BROKEN THE WEDGE YET.
That means, wait for the break, then go long.
First resistance would be red line,
second resistance is around $16.
DOTUSDT short term biasKeeping in view the situation of the BTC and bearish cycle on macro-level, DOT is poised to fake out or fake impulse towards upside, which will trap the bulls and it will suddenly break down and take a dip. Rate hikes and inflation will have its effect on the BTC so as on the ALTS.
Areas to keep in my mind for shorting are 8.4 and 7.6. I
t might drop from the current price as well. More confirmation for short entries can only be taken on lower time frames if some one wants to take short positions.
DOTUSDT 4h : Short or What?Hello Everyone :)
As you can see the price is at the support zone and if its break this support i will open a short position ...
⚠️ This Analysis will be updated ...
📅 07.12.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
DOTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for DOTUSDT
As we analyzed on July 5, we predicted a rising trend and now you observe that the price faced a rise in the days after that date. Now we have R3 and R1 which used to be support areas. R2 is a resistance line and the disability of the price to rise is clear. And S1 is our support area that includes the support of the price since the past. At the present, we have the fluctuation of the price over S1 and we predict it will rise to R1 and then it may be rejected and fall to S1. In case we receive confirmation candles over R1 and the price is able to fix itself, then a rise would be waiting for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
DOTUSDT 3D Medium-term trade with P/L = 10/1Today we will look at the global chart of the DOTUSDT trading pair on a 3-day time frame.
The last global idea on DOTUSDT we published 8 months ago, then the downward trend began, which continues to this day.
At that time, DOT buyers were very determined to continue the growth, because on 11.11.2021, the first parachains in the Polkadot ecosystem were to be launched.
But the situation on the Dotusd chart that we saw suggested that the price will soon begin to decrease, from $50 at least to the $14-18 zone.
Of course, we were criticized then in the comments under the idea, that we do not understand what we are writing, only growth and nothing more wrote users TW...
But what do we see now? The DOT price is 2 times lower than our pessimistic forecast from the previous idea.
Now DOT buyers are trying not to let the DOTUSDT price fall below the liquidity level of $6.50
Not bad conditions to try a medium-term trade for a small part of the deposit:
Entrance $6.50-6.70
Stop $6.365 (-5%)
Take $9.95 (+48.5%)
The profit/loss ratio is 10/1
Below $6.36, it is most likely not worth holding DOT, because then fall can continue to $5-5.20 area
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Polkadot (DOT) - July 11Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(DOTUSDT 1W Chart)
Below 10.13 is likely to be a mid- to long-term investment area.
In particular, 7.16 and below are likely to be long-term investment areas.
Therefore, it is important to know whether it can move higher than 7.16.
(1D chart)
The contraction period of the Bollinger Bands (60) is short.
Therefore, a trend is expected to form in the near future.
It is expected that the period from the decline of 7.16 to the vicinity of 5.19 until it rises again to the vicinity of 7.16 is expected to be short.
Therefore, if you fail to overcome the psychological burden and make a stop loss when it leads to a further decline, there is a high possibility of a double loss.
Therefore, it is recommended to create room to buy when the price is falling.
The market can be very volatile if the BTC dominance declines while the BTC price is still in a downtrend.
It can be characterized by repeated short-term spikes and dips.
You need to think about whether you can't take advantage of it with your trading skills.
You should try to earn cash income by short-term trading coins (tokens) that you currently have or increase your holdings.
Otherwise, starting an investment in a new coin (token) may require a long period of time to turn into a profit even if the coin market turns upward as the dispersion of funds accelerates.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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.)
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DOT / USDT 1DAY CHARTHello everyone, let's take a look at the 1D DOT to USDT chart as you can see the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 7.38
T2 = $ 8.05
T3 = $ 8.58
and
T3 = $ 9.11
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6.81
and
SL2 = $ 6.37
Looking at the CHOP indicator, we can see that in the 1D range we are gaining more and more energy, and the MACD indicator shows a local upward trend.
DOT/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
We're currently sitting on the big green support line, if we lose this we have another support around $3(unlikely)
We have already dropped by 88%
Going down to the bottom green line would be about a 94% drop from ATH
$6 to $3 is 50% drop.
We have a small unlikely chance for another 50% drop with a possible gains of 972%
Risk Reward ratio: 16 for current price @ $6.9
The more you can get at any price lower than current, your RR ratio is even higher.
PolkaDot DOTUSDT - ABC completed! Elliott Wave + Channel- On the weekly/3D chart we can see a parallel channel and the price is currently on the support of the channel.
- Due to my Elliott Wave analysis - the ABC correction has been completed successfully and now we are prepared for another bullish market!
- 0.618 FIB is the strongest FIB level and the price si currently sitting on this level.
- If we take a look at the RSI indicator, we can spot a nice bullish divergence with a lower high!
- Wave 1 horizontal support (previous swing high) from 2020 is another great support that we have.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
DOT broke down symmetrical triangle#DOT/USDT
#update
$DOT broke down from lower line of symmetrical triangle.
🐻 current support zone can cause a pullback to broken trend zone to confirm it as resistance, then continue the bearish trend.
🐮 last support before $5.5 is around $6.5 that if bulls hold this zone they may change the game.
DOT reversal pattern will comingThe supply zone that we identified in last week’s analysis has once again proved to be too strong for DOT to break through. The bears came in full force near the supply zone at $8.5, causing the price to dive straight to the crucial support level at $6.50.
After approaching the support at $6.63 DOT has been trading in a very tight range. A reversal must be seen soon. Otherwise, the support will keep getting weaker, resulting in a breakdown. If this support is not held, we can expect a new 52-week low to be set by DOT. A slight RSI divergence that is hinting towards a reversal is also visible. However, the buying volumes are currently nowhere to be seen.
This is why traders should avoid buying DOT until it is able to register a strong bounce from the support level. Once a bounce is seen, we can confirm the formation of a triple bottom pattern. Traders then can set targets at the supply zone at $8.50. It is important for traders to be patient and wait for a clear reversal before buying DOT as a breakdown could still be seen.
DOTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for DOTUSDT
Referring back to our last analysis on June 21, we predicted a falling trend and now you observe that this has happened we have all our targets hit. At this chart, we have R2 and R1 as our resistance areas that the unsuccessful attempts of the price to rise is clear in them. And S1 is our support line that expresses the support of the price at several points. At the moment, we have the price fluctuating over S1. We expect the price to fall to S1 and then by a rise toward R1, we will have two possibilities. Either the price is going to fix over this area and more rise will happen for that to R2. Or the price will start a decline toward S1 and even below that.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck