Polkadot
DOT/USDT TIME FRAME 1DHello and Welcome to my idea about DOT / USDT .
If we take a look at chart we can see how price just test all factors for start investing.
Price just pick 61.80% on fibbonaci. In the same time RSI is in the over-sold area and that means we can buy.
In my opinion next targets will be 32,38 and after 37,38.
Enjoy and see u next time.
POLKADOT - Do NOT Miss This 🔥🥵Polkadot is showing us clean price action and the buy zone is evident. We are currently in an ABC correction and anticipating the end of C wave shortly and the start of the next impulse.
We have the 0.88 fibonacci supporting our buy region as well as the double bottom.
Trade Idea:
- Watch for bullish pressure at around the $10 region
- Enter when there's a bullish Daily candle at buy zone
- Stops below $10
- Target recent highs as first target. -0.27 as second target. HODL the rest!
This trade should not be missed! Put your alerts on so you can stay up to date with DOT.
Goodluck!
DOT - in these cases may be a good opportunity to buy!!!In a previous idea, we recommended buying DOT after a breakdown of the trend line. But the breakdown did not happen, the price corrected even more. In doing so, the price corrected 55% from its local high and there were huge liquidations.
It's worth noting that there was a huge volume at the bottom on each fall. This is a good signal.
In case of a false breakout of the 22$ level or a breakout of the trendline, there could be a good buying opportunity
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Polkadot (DOTUSD) TESTING MAJOR SUPPORRT LEVEL!November was an awful month for DOT. Despite setting a new all-time high in early November, the price has been on a sharp downward trend. The sell-off escalated this week, where were saw price went from $40 to as low as $22!! Price broke the major support level, but quickly recovered. Now price is testing the major support level that starts at $28. Let's see if the price can end next week above $28! In that case, a bullish scenario is more likely. The major risk here is if price breaks below the final support level at 22.