DOTUSDT trade ideas
DOT - Still Bearish
Considering:
A new lower low was made (at 4.20) without RSI Divergence
The descending trendline is acting as strong resistance
Then the higher probability is that we will see a new lower low soon.
DOT. Still...?My attitude towards Polkadot is neutral. I just don’t understand where to use it and whether it makes sense. There was a lot of noise, capitalization caught up with a multi-billion $, but is it justified...? So far, it's hard to say, at first glance, no. The only thing that comes to mind is a tweet from Polkadot's official twitter that they are not a security. It seems that Gavin Wood himself wrote it in ecstasy.
DOTUSDTWith the completion of the previous trend, which was the beginning of the stop of the downward trend, here we have to wait for a break from the top to the next red zone
DOT/USDT - Potential Trend Reversal to BullishThis pair has formed 2 immediate bullish reversal patterns one is double bottom and another one is a falling wedge which indicates a potential upward swing.
DOTUSD ❕ support areaTD Sequential has formed an up reversal signal on the 4H TF.
On 1H TF we can see that price and RSI chart formed a convergence.
The price chart broke up through the 50EMA (30m TF)
I believe the asset will bounce if it holds the current support.
Dot HTF Elliot Wi present my interpretation for DOT EW . let me know if you have a better understanding
DOTUSDThello Traders,
As we can see on the graph DOT is forming a cypher pattern in 1 day chart which is bearish as per the technical if DOT broke downward then it will free fall use proper stop loss if you are trading DOT.
DOTUSDT broke the trendHello everyone Recently discussed DOTUSDT. According to the previous idea, we reached the 1st goal by 5.4. But then the price broke the trend, so there is no need to talk about achieving the 2nd goal. At the moment, the price is trampling at the lower level, it is also the resistance level of 5.15 and has been for quite a long time. Therefore, most likely we will go down to the level of 4.7
DOTUSDT Short Setup!DOTUSDT Technical analysis update
Short level: $5.120 - $5.150
Stop loss : $5.25
Take Profit 1 : $5.01
Take Profit 2 : $4.85
Take Profit 3 : $4.66
Always Keep Stop loss
Thanks
Hexa
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TradingView: @FarmanBangashh
DOTUSDT-SidewaysSell stop: 5.09
SL: 5.12
Lot: 333.3
R: 1%
Buy Stop: 5.396
SL : 5.33
R: 1%
Lot: 151.5
DOT/USDT - Sideways Trade PlanDOT/USDT is moving sideways in the 1-hour time frame. We can trade this pair based on their support and resistance levels if the pair breaks the 2nd resistant level we may enter a long position having SL below 1st resistance. Also, we may place a sell stop on the breakdown of the 2nd support level with SL above 1st support.
