possible breakout of polkadot thick trendline is weekly trendline
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.
Technical analysis: . DOT/USDT is in downtrend. . It has Formed a Descending Triangle pattern which indicates the price has to come down. Take Profits: TP1= @ 5.30 TP2= @ 5 TP3= @ 4.60 SL= 5.82 HAPPY TRADING
PolkaDOT Upcoming Moves & Profit Taking Area discussed in details inside Investment Journey on CITA Platform.
Polkadot buy now @ 6 usd Stop loss 2.26 usd Target 61.050 usd Must use small lot 0.01 will take 6 month to 14 month time Duration to reach the target Trading idea based on pure price action and demand Area and listen i am share market person so i believe In long term
BINANCE:DOTUSDT DOT USDT REASON BINANCE:DOTUSDT 1)UPTREND 2) REVERSAL UP 1) in an up trend 2) In CHANNEL Breakout 3) High:DOT USDT Signal Type: LONG (RISK TRADE) TRADE WITH YOUR OWN RISK
dot can bounce from here this is a great support for dot now and also in history i am going with 2-3 leverage because of market conditions
I was waiting for the structure to break and return to the imbalance which was created to get me enter into a short trade. I'm just backtesting the concepts which I'm learning. 2.32% Loss (if made so) 8.57% Profit (might exit before hand)
Support & demand zone buy and sell target1 & target 2 zone
Looking at the $BTC price movement, it can be seen that Bitcoin will take a small correction, so $DOT will follow. And then it will bounce back from the given range. Daily candle patterns have crossed 21 and 50 SMA, and RSI 14 looks bullish. Wait for the US CPI.
DOTUSDT dot simply tested the trendline and there is a good chance it will go up.. So we can take a buy here a minimum of 10% we will get from this trade. And you hold after taking some profit after 10-14%
dot buy 10.47 and 9.45 stoploss this coin complete all correction
Dot make a head and shoulder pattern. Set entry sl and profit target price too
Dot is near its support, it can either bounce back from $10.3 or it can surpass $10.3 and bounce at $7.82 and it can reach from $16-$20
DOT is now testing the support line of the downtrend channel. A bounce is expected from this support line. If DOT breaks below the $13.74 support area then we see a dump towards the $10.29 major support level. The local resistance is $18.27 area and the major resistance is near $20 area.
For Polkadot to be bullish it must have to break the trendline. You can buy Dot near 16$
DOT is now again testing the major resistance area. A candle close above $23.23 resistance is bullish and we see more upward movement after it. The support level remains the same. You can add more DOT after the breakout.