TIME TO SHORT DOTThere is a strong Double top and the price has come down consistently with more red candles. Has broken my support and is now heading towards previous resistance. All indicators suggest a good downtrend. What do you think?
DOTUSDT trade ideas
💡Don't miss the great buy opportunity in DOTUSDT @PolkadotTrading suggestion:
There is a possibility of temporary retracement to the suggested support line (40.5750).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DOTUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 46.7900
TP2= @ 51.0800
TP3= @ 55.0000
TP4= @ 60.0000
TP5= @ 65.7300
SL= Break below S2
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It's a great buy opportunity in DOTUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (31.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DOTUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 35.640
TP2= @ 37.730
TP3= @ 39.850
TP4= @ 42.200
TP5= @ 47.360
TP6= @ 53.110
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
POLKADOT long trade setup !!!crypto currencies are bullish recently ,
Here is my long trade setup in DOT/USDT .
💡 Don't miss the great buy opportunity in DOTUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (19.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DOTUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 21.7
TP2= @ 23.6
TP3= @ 25.0
TP4= @ 27.0
TP5= @ 30.0
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
DOT ANALYSISMY DOT ANALYSIS IS THAT THERE IS A STRONG BUY SINCE THE PRICE HAS BROKEN OUT THE PREVIOUS HIGH (ABOVE $10.6 AREA)
DOT/USDT DOT forming an ascending triangle on the 1 hourly. It broke out of the pattern with significant volume and confirmed the breakout with a retest.
