DOTUSD trade ideas
DOTUSD (1H) - Bearish reversalHi Traders
DOTUSD (1H Timeframe)
Waiting for the downward break of 5.0660 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 5.2400 would cancel the bearish scenario.
Trade details
Entry: 5.066
Stop loss: 5.240
Take profit 1: 4.960
Take profit 2: 4.790
Score: 5
Strategy: Bearish reversal
✴️ Polkadot's Correction Ends In A Double BottomRemember all those 5X leveraged trades we had for DOT at the beginning of the year?
It is said that opportunities are endless in this market.
It is also said that there is always a second chance, sometimes even a third and fourth chance present themselves.
Well, if you missed it once, here is your second chance.
Polkadot produced a double bottom pattern.
The first low happened 30-Dec. 2022 at $4.22.
The second low happened 10-Jun. 2023 at $4.22.
After we hit bottom, the only place left to go is up.
Also notice the classic ABC correction... All these signals are pointing to an upward move, a bullish wave; A relief rally in the least but growth.
Again, when in doubt, look around.
If doubt creeps in, we can look at the Altcoins that already moved ahead. They had similar patterns and yet we see a year long high, new daily high, growth all across.
Since we have thousands and thousands of Altcoins there will be variations in the charts but a rising wave lifts all boats.
After a 4 months long correction, it is time to go up.
- Notice that the bullish wave in January only lasted 51 days, from bottom to top.
- The correction went from 111 days from top to bottom... This is enough.
In any case, you can always prepare with a nice strategy in case something goes wrong.
This is not financial advice.
Remember that the markets are unpredictable and there is always risk involved.
I trust we are all adults and responsible for our own actions.
Thanks a lot for your support.
Namaste.
Polkadot going to $0,50? Polkadot dead?Polkadot is one of the worst performing altcoins.
On top of being a poor performer during the bullrun (compared to other coins), it is also the worst performer during the bear market.
It appears interest for polkadot has disappeared.
Polkadot has been in a downtrend for nearly 2 years. Downtrends tend to continue trending down until they continue up. There are no signs of a reversal. Based on the past history, it is possible polkadot will drop another 90% from its current valuation.
The chance of polkadot reaching its old all-time-high is, based on current situation, only 0.1%.
Is this what Coin Death looks like? Damn, RIP PolkadotIs this what Coin Death looks like? Damn, RIP Polkadot
POLKADOT - 1000% Move Coming!DOT has giving us an EASY trade setup.
The big wave 2 was an irregular FLAT correction, which consisted of an ABC wave (3-3-5 breakdown).
We are now in wave 3 and we've seen subwave 1 and currently in subwave 2. For confirmation of subwave 3, we can wait for the break of red trendline.
Trade Idea:
- Safe entry on break of red trendline
- Risk entry anywhere above invalidation level
- Stops below invalidation level
- Targets: 14, 24, 54, HODL the rest
Goodluck and as always, trade safe!
IS "dot" good for investment?The short answer is "not yet!"
The volume of transactions is constantly decreasing.
The rate of price decline has decreased and it will probably enter the accumulation period soon, but till than we have to wait. It seems that the whales still have no desire to enter.
Polkadot - In accumulation phase - Best time to buyPolkadot is in a big accumulation phase. This is when you buy into the ticket and wait. Depending on asset it could take months to years. In this case I would consider years. Eventually it will break up above 12$ and the recovery phase will begin.
Right now polkadot is very undervalued due to whats being built on their chain.
DOT Fallign EdgeDOT seems to have broken its falling edge and now its using long trend (green) as support.
Hopefully we will see price increase in the next upcoming weeks.
Polkadot Mid-Range Decisions DOT, great potential with SEC considering labeling the coin as a commodity. When looking I feel neutral about the chart, we see a change of structure & yet not much impulsiveness during the April alt-coin rally. A test of lower support seems probable if the BTC retracement is coming in the following months and maybe even new lows.
DOTUSD-Double Bottom-Bullish DivergenceDOTUSD is playing between support and resistances and we will wait for it's upward breakout. As soon it breaks upward, we have placed a buy stop order. We have found double bottom and bullish divergence too.
DOT - What a time to be alive!Foremost, I have been very happy that our last analysis on Polkadot got a lot of positive comments. Thanks to everyone!
Our last analysis on Polkadot absolutely NAILED the projected wave count, the only small difference is that we established an overshooting (b) wave.
Nevertheless, a lot of the Polkadot chart hints towards a "Make it" or "Break it" scenario, I don't want to instill fear in you guys but wave (ii) retraced a lot!
Polkadot got very near the crucial 0.786 retracement, and it's of great important for me that we don't breach below this retracement. The count wouldn't be invalidated, of course, but the longer we stay at these low prices, the more I get impatient with the upcoming wave (iii).
Let me say this clear, especially for long-term investors, we are at very attractive price levels and the fearmongering I see on here is just ridiculous. Polkadot experienced a VERY BRUTAL bear market and lost nearly -93% of it's value since November 2021, bearish investors who now call for "another" -50% price drop should zoom out and really think this through again. Don't get me wrong, it's always important to cover alternative scenarios and one should never underestimate the irrational nature of the markets. But the way I see people on here out "Doom-post" one another is just misleading and fooling inexperienced investors.
Stay strong guys, don't act on panic in these times - these troubling times will soon come to an end!
Please note that we are already invested Polkadot since the 29th of July and the 14th of February 2023, back then we announced our first positions here on tradingview.
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long #1 Polkadot ( DOTUSD )
AVERAGE EXECUTION PRICE: 7.33
STOP-LOSS: NONE
LONG TERM TARGET: 55$ and more
Long #2 Polkadot ( DOTUSD )
AVERAGE EXECUTION PRICE: 6.01$
STOP-LOSS: NONE
LONG TERM TARGET: 55$ and more
DOT MEGA BULLISH CLOSE ON 1HR TFDOT recently pushed past all MAs and retested. Should fly here shortly, however. Obviously do your own research. This is just my take. Overall trend is confluent on multiple timeframes btw. I should really start actually putting more effort into putting our my charts. Anyway, enjoy the weekend and the idea.
Oh yeah....Macd about to flip and RSI is over 50...
dotusdt shortshorts on dot filled the imbalance on the daily timeframe by 0.5 removed liquidity on the hour, after 20 minutes the closing of the hourly candle will allow you to enter the minimum stop position
DOTAs the most of alts follows Bitcoin and showing a huge triangel pattern and most of them have broken out but not all. On weekly it could start breaking 50RSI and starts trending. Dot showing it could reach 20$ in May with its bull rsi div and triangel breakout.
Head and Shoulders Pattern Massive Head and shoulders pattern for dot with the potential for a substantial breakout to the upside. The weekly start supports this with a bounce from the downward trend line after the previous breakout
DOTUSDTDOTUSD
If you're interested in USDT pair, the chart is very clean.
Bottom at 0.702 fibs, which is bullish as long we respect daily 6.30$
follow the TPs on the charts
DOTUSD - Bearish trend at H1 DOT is printing LLs and LHs at 1 hour timeframe - sign of bearish trend
Polkadot - DOT breakout patterns🔵🟢🔴👀We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀
That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨
Have a great day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
DOTUSD | Bullish DivergenceDOT is showing bullish divergence and it may be the better time to take buy entry from support. So you agree with this analysis?
DOTUSD - Double Top indicating bearishDouble top formed with no observable divergence. Should break out to bearish trend.
Polkadot Elliott Wave My Count Polkadot elliott wave principle theory my count
I would be glad if you write your thoughts in the comments.
This is purely my opinion, not any investment advice, trading at your own risk.
DOT/USD - SHORTDate: 26/03/2023
Technical Analysis:
The market respected a supply/demand zone initially.
Price broke the demand zone, which is now acting as supply, and came back to test and closed with a bearish doji.
In the Fibonacci retracement of the last down wave, there is a correction at the 0.5% level and a close with a doji candle.
In the 1-hour timeframe, there is an engulfing pattern at the 0.5% Fibonacci level, indicating a final correction of the Correction.
The market is currently in a clear downtrend.
Trade Plan:
Take Profit Target 1: The last lower low.
Take Profit Target 2: The daily supply/demand zone.
Stop Loss: Placed above the last lower made.
Risk per trade: 1% of capital. However, it is recommended to wait for a correction to enter with 0.5% risk.
Please note that this is a professional and clear trade plan for informational purposes only. It is important to conduct your own research and analysis before making any trading decisions. Additionally, please always remember to manage your risk carefully and never risk more than you can afford to lose.
