💎 DOT has found support within the support zone marked by the 0.618 Fibonacci level and has broken out of a descending channel pattern, forming a W pattern supported by the 200 EMA. Additionally, the price is displaying a Break Of Structure(BOS), further increasing the likelihood of bullish momentum.
💎If the price manages to break above the first resistance area,...
DOTUSD is looking for great buying opportunity after forming reversal formation & strong buyer with a corrective formation to make a clearer movement to the upside. Expecting target to reach at 8$ for coming weeks.
Dot is a strong project
Dot currently lacks momentum
Do not park your money in DOT if you are looking for short term gains or to take more advantage of this bullish trend in the market
If you are looking to hold this for long then it's a yes to buy it
Dot needs to mitigate and then pierce through it's overhead supply in order to show an impulsive move to 7$
DOT/USDT Scalp Chart Analysis
Current Price: $5.19
- Anticipating a solid 8-10% upward surge!
- Strong support at $5, eyeing an entry between
- Targets: $5.48 & $5.72.
- Set Stop Loss at $4.90 for risk management.
💎 Paradisers, let's zoom into DOT/USDT on the daily chart. It's sketching out an inverse cup and handle formation. Interestingly, the handle's peak faced resistance at the Fibonacci's 0.5 level, bolstering the bearish narrative. The cup's top showcases a Lower High (LH), while the handle's peak indicates a Lower Low (LL).
💎 If DOT/USDT breaches the demand...
Polkadot is near support zone on hourly chart, we can take a small swing trade here.
We can go long after close of strong bullish candle near support zone.
We can keep the stoploss below the support zone.
We can keep the target near the next resistance zone.
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As you see in 1H Marked first OB and placed couple of entry limit orders. I thought first OB will mitigate so I placed order for SHORT but as you see Market Always Do What He Wants To Do!
Market changed his direction and we a pullback @7.381 toward down.
Then we can see a another BOS and a good BIG BULL CANDLES. So I marked my second OB for LONG.
Dot coin is creating a double bottom pattern which is about to breakout on upside.It is reteting on a lower level now.It could retest from the neckline another time and then will make a long move.RSI is also making a bull divergence.After retesting a long trade can be initiated of 1:2 R:R .Entry and exit level are as shown as the image.Check it out.
This is my first time publishing an idea. I'm a beginner in trading. Please bare with me if the analysis is wrong:)
It seems like Dot/usdt spot is about to form a cup and handle pattern in 4hr and 1 hr time frames. If a handle is formed, I'm planning to enter in the direction of the handle breakout if it is backed by the volume. TP1 can be the height of the...
share name : dotusdt
call type : poistional
- ab=cd with the golden retracement of .618
- gartley pattern with ab=cd on the base
- dot coin is working in the upside range
- bullish divergence
Buy dot coin with the
target 31.49, 55, 67
sl of 23.27