Price growth could continue to the $9.680 rangeGiven that the potential for an intraday trend reversal has emerged for DOT, if buyers can keep the price above $6.523, price growth could continue into the $9.680 range in the medium term. If the resistance of the ceiling of the descending channel is completely broken, it will be possible to reach the target of $9.680. Of course, pullbacks should not be ignored, and a return to the lows in the $5.102 - $5.374 range is possible. The last point is that if the previous ceiling at $6.523 is broken before the pullback, we can consider the $6.523 support as a safe zone for a pullback.
DOT
DOTUSDT | DECRYPTERS |POLKADOT Hi people welcome to Team Decrypters
We are buying DOT in spot for MID - Short term and Allocating 2% of portfolio
#Decrypters #dot #dotusdt #usdt #polkadot
Reasons :-
--A trendline breakout is a situation in which the price of an asset moves outside of a previously established trendline. This can signal a potential change in the direction of the trend and can be used as a buy or sell signal by traders
--Volume Profile is a charting technique that uses historical volume data to display the distribution of trading activity at different price levels., Traders use this information to identify areas of support and resistance, as well as to identify potential trading opportunities
💥☃️🌲Polkadot Analyze (Road Map)!!!🗺️💥☃️🌲(+200%😱)❗️❓Today, I showed you the Polkadot road map🗺️.
Polkadot is running near the heavy support zone.
I expect Polkadot will go down a little more and then start to rise to a heavy resistance zone( about +200%)😱.
🔆Suggestion: If you want to add DOT to your portfolio, you can wait to break the downtrend line and SMA 100(Daily TF).
Polkadot Analyze ( DOTUSDT ) Timeframe Weekly⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💲 Dot 0.618 Within Reach 💲💲 Dot 0.618 within reach
💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave.
💲 Nearest strong resistance zone: around the 0.618 fibo level of the downward wave.
💲 Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Dot continues its path northward bouncing perfectly from the support zone set by the fibo level of 0.236 of the downward wave. After such a quick return, there is a very high chance of seeing the 0.618 level of the downward wave in the next few days.
💲 The scenario I'm playing out is a continuation of the upside to the 0.618 area of the downward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
DOT/USDT Breaking LTB After Reaction at POCBINANCE:DOTUSDTPERP
DOT is breaking the long-term LTB after suffering a price reaction in the POC of a session between August and December 2020, see that this zone remained reactive for prices.
But now it's easy to think like that since it already happened, however, here I'm going to leave a study done on May 11, 2022 where the 4.39 range was already plotted on my screen, waiting for a price reaction.
These plotted regions were reactive, some more, some less, but if you see the price reaching a certain region and consider it important, you can operate more objectively.
See how the price arriving in an area where it is interested in being traded works
Let's dissect this movement, the numbers are clear possible trades in my view.
See that on possible entry 1 it was a falling knife buy, few traders have the stomach for limit buys against the move, but the price level showed strong supply absorption and paid a great risk return.
Next we have the possible entry, number 2, see that this is already a clearer and calmer entry for many operators, either by buying limited below the last minimum, with the reading of 3 consecutive breakout failures or the purchase with a stop order at signal bar breakout with projected movement objective.
If the operator was unsure with entry number 2, he would have confirmation a few bars ahead, with an opportunity for entry number 3, with a slightly higher price and even so with a potential risk, favorable return, see that this is the entry of the late ones, it sometimes does not occur.
And finally entry number 4, which can also be a position increase, this operation 4 would be the purchase of a pullback in the price RANGE in which the buying demand managed to absorb the offer, and consequently the demand should take the market to at least a test in extreme zones where the greatest supply of assets will be found.
So the point here is, mark your charts here on TradingView in order to find the best zones where the price should show strength, be it buying or selling and trade in favor of the price reaction.
At the moment DOT/USDT is working in an area that is not very favorable for purchases, but these are the levels that I am looking to trade
Daily and 4 hours - 5.29 / 5.10 / 4.68
For those who like Fibonacci, the 5.29 and 5.00 range is also important and is confluent with the reference ranges plotted in the study.
This idea intends to find relevant zones for Pullbacks in DOT/USDT in search of a purchase for a new high Swing, if these zones do not show a reaction, it is possible that the balance of forces returns in the market and the context becomes more lateral.
🚨Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.
🔥🚩FALSE BREAKOUT ON SHIB CAN LEAD THIS ALTCOIN TO 47% PUMP🔥 Hi friends! Shiba is falling with any other market. After the last false breakout of the key level at $0.014, the price fell by -40%. So you can see how good this pattern work and I explain you how to enter a long trade using the same approach.
Now the price already made a false breakout and pumped by 23% after this. I think if SHIB will make a more deep fall, it will be a good chance to open a trade.
📊 THE PRECONDITIONS TO OPEN A LONG:
🔥 false breakout of the key level of $0.00829
🔥 test of the trendline (confirmation of additional support)
🔥 bullish BTC
🚩 The success test of trendline can confirm DOM and Footprint. It's absolutely free scalping tools that help me to track the whales orders and buy/sell crypto with them.
✅ THE MAIN TARGEST FOR SHIB:
1. $0.0093 - the key level
2. $0.01 - the key level and local high
3. $0.015 - value area
Traders, what do you think about SHIB? Do meme coins has a future at crypto market? Write your thoughts in comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
✴️ Polkadot | The Beauty of TradingHere what's great about trading cryptocurrencies.
The beauty of trading in general... Endless opportunities.
If you miss one pair, one asset, crypto or stock... There is always another one and another one and another one.
It doesn't matter if you like to be LONG or SHORT, the market will provide opportunities always, in all timeframes you just have to do your job.
That's why my focus is 100% on studying and personal growth.
In order to be able to grow money, to make money "fast", I have to be able to make it slow and since opportunities are endless, I can take my time in preparation because when I am ready, the market will still be there waiting... Without the right preparation we make mistakes and these mistake will lead us to lose money instead of earn.
There can never be a hurry... If by any chance you have to hurry, you are desperate, you can take this as the strongest signal that you have to wait and can't trade.
I use this all the time.
If I want to do something and I get excited about it, that's the signal that I am not ready I need more time before I get this done.
It applies to trading... If you have to "run", "do it fast"... Then you might want to sit it out and see what happens... If you miss an opportunity no problem, endless opportunities are available within the financial markets and honestly all throughout this world.
Here is Polkadot (DOTUSDT), just today the downtrend is broken, which opens the door for additional growth.
So, if you missed one pair, here is another one.
Once we start looking at the smaller altcoins, pretty soon, we will find more and more and more and more...
If you feel you missed anything do not fret about it.
You can come right here to this very platform and visit my profile, you will find so many opportunities it will be hard to pick one.
We had plenty of time to prepare... But it is never too late to get started, whatever happened just adapt and change.
Namaste.
DOTUSD - one more leg down - SHORTDOTUSD remains in the downtrend.
A small pump to get rejected from the downsloping resistance line is still possible, however in our opinion one more leg down is coming. RSI has not been oversold yet.
The buy zone for the next bull market is between $4,70 and $3,50.
Don´t rush to buy.
Patience is a key