DOT
DOT for 1 hour interval!Hello everyone, let's take a look at the 1H DOT to USDT chart as you can see the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 8.29
T2 = $ 8.81
and
T3 = $ 9.47
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 8.00
SL2 = $ 7.71
SL3 = $ 7.48
SL4 = $ 7.24
and
SL5 = $ 6.90
Looking at the CHOP indicator, we can see that in the 1 hour interval we have little energy and the MACD indicator shows a local downward trend.
DOT triangle breakoutPokadot seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 10.25 and even higher. Just bought...
ENTRY : local high @ 8.10
STOPLOSS (SL) : local low @ 7.80
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY - SL) @ 10.25
REWARD RISK RATIO (RRR) : 7.1
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Polkadot Soon To Go Bullish (125% Target Mapped)We will be looking at 3 signals on the Polkadot (DOTUSDT) chart.
1) As MA200 trends down, prices tend to trend upwards.
2) Bottom pattern formation. The same bottom pattern we've been seeing in multiple charts is also present here.
3) Mirror image. On the left side we have red/down, on the right side the mirror image would be green/up.
These are the signals.
The light blue line at the bottom of the chart is the stop-loss.
We use manual stop-loss (full candle close below this line).
This is not financial advice.
The charts can always change.
Keep in mind that trading is not risk free.
Do your own research before trading.
Make sure to comment, like, follow & share for more.
Thank you for reading.
Namaste.
DOT (Analysis)The DOT was supported at the bottom of its bearish channel last week and is moving towards resistance at $ 8.5, forming a twin floor pattern. A negative reaction accompanied the first encounter with this range. Still, in the second encounter, due to the strength of buyers, there is a possibility of breaking the resistance ahead and continuing the upward movement until the next resistance in the $ 10 range.
The downtrend is broken, and if pullback moves to this uptrend and maintains $ 7.5 support, we expect the uptrend to continue with more strength towards higher resistance. The first resistance is in the range of 8.5, and the second resistance is in the range of $ 9. If the uptrend line breaks in the 4-hour timeframe, a price reversal warning will be issued again to lower support.
Risk on in DOT DOT has often been viewed as an alt layer 1 solution. Some call it a layer 0, as it is seeking to link unique blockchains into a single collective, cohesive network.
For comparisons sake, if viewed as a layer 1, then DOT's market cap as a percentage of ETH has dropped to 4%. So keep risk mgmt monitored closely.
DOT benefits from deflationary pressures as more tokens are locked up or bonded with every parachain auction.
For clarity in jargon: Parachains are individual networks running in parallel to create a harmonized, interoperable ecosystem.
In May, they announced liquid staking to their (POS) network of blockchains, to reward additional revenue by earning extra yield in decentralized finance (DeFi) applications.
We recently saw a massive growth in trading volume, however what resulted was a decline in price. This spike was an indicator of bearish sentiment.
DOT / USDT loklanie changes the trend to a downward trendHello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price has come above the downtrend line and back below that line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 7.91
T2 = $ 8.29
and
T3 = $ 8.77
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 7.60
SL2 = $ 7.38
SL3 = $ 7.16
SL4 = $ 6.86
and
SL5 = $ 6.47
Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a change in the local trend to a downward trend.
Polkadot facing resistanceThis one looks/feels just like Cardano.
We are looking at DOTUSDT (Polkadot) and we see that prices are trading above EMA10 and EMA21, which is always good... But resistance is being faced at EMA100.
This same level has rejected growth twice already this month and is the immediate challenge.
If DOTUSDT can manage to break and close above $8.06, we can expect much higher prices.
On the contrary, a rejection can lead to a test of the last low.
This is shaky spot...
This is the decision spot...
This is where you hear people talking about coin flip, 50/50...
We go GREEN and we use a tight stop-loss.
I think we are ready to go up.
Namaste.