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DOTUSD

Polkadot in the triangleQuick Update. it's really important to understand this moves and to see where are the zones of potential breakout. ------------------------------------------------------------------------------------------------------------------------------------------------ - The next TP for DOT should be around 35$ (61.8 Fibo + Older Demand Zone) before attempting to come back to ATH. - in a bad case if DOT not break this triangle the rebuy Zones are composed in 3 parts : - 21.5$ ( Supported by 3X EMAs Golden Cross ) - 18.5$ ( Supported by EMA300 ) - 10$ ( Bottom again ) ------------------------------------------------------------------------------------------------------------------------------------------------ - i won't tell you where to buy but some Zones are not worthy to give a try ( When too close from the Triangle Exit). - Wait for a strong breakout or wait for a dip. - Manage your invest and buy wisely, don't go all in on the first buy. - Follow TheKing and his Dominance because only this influence strongly Polkadot trend. Happy Tr4Ding
KRAKEN:DOTUSDLong
by thecryer
4
Is DOT perhaps in Elliott Wave 3 of an impulsive move?I'm not a financial advisor, not giving financial advice. This is my first published idea on TV, and I'm doing it primarily to learn rather than teach/explain. I'm still getting comfortable with counting Elliott Waves, but so far, I think I have a good sense for it. With that said, I hope you'll read this description and share your thoughts on what I've proposed... I went to chart DOT against Elliott Wave theory on the weekly, originally thinking it was in wave 4 of an impulsive move (like I've counted BTC and many other coins to be in). So I went to the daily chart to count the "minute" daily waves within each weekly "minor" wave, but I couldn't find a verifiable 5-wave minute impulsive structure to fit inside of the minor impulsive wave 1. Which means I need to recount (can't force it). So I got to thinking...maybe DOT isn't currently in wave 4, it's in wave 3 ?? (!!!!!) Here's my wave count on the weekly chart: - You can see wave 2 retraces to just past the .786 Fib level from the beginning of wave 1 - The lengths of waves 3 & 4 were determined using Fibonnaci levels as well, with the length of wave 3 = 1.618 x length of wave 1, and wave 4 = .382 retracement level from beginning of wave 3 *above measurements all fall within reason under Elliott Wave theory It's a little messy, but you can also see the relationship the price action has with the 20 MA (colored green or red based on whether price is above or below it). Price stayed above 20 MA for all of wave 1. Wave 2 was triggered as price moved below the 20 MA. And now wave 3 has traded above the 20 MA until today, where it looks to be barely holding the line. It will be interesting to see if this weekly candle closes above or below the 20 MA. A close below followed by continued downward movement could negate my wave count. Also take note of the upward trend on the RSI 14 that started back in May. Would love to hear thoughts from other Elliott Wave charters. Are my counts reasonable or do you see it differently?
BINANCE:DOTUSD
by cbury10
$DOT - 39.36 15 Min Gap to Start Slow Swing Up in December *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. SMT does not believe in triangles, wedges, tendlines, channels, harmonics, etc. First is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The second thing to remember is price will move toward Liquidity and Balance. There are two gaps if you zoom in close enough at the bottom of the current turn and at the price I recommend to the opening of the trade. Yes there maybe wicks that enclose it but that doesn't always matter. I've seen these close on a daily timeline on EURUSD lately and turn right around. We're also in between a weekly and a monthly Fair Value Gap (Fair value gap is the gap between the wicks in a 3 candle succession) The monthly is filled and the weekly has been hit halfway. And that's all you need in SMT for price to recognize an imbalance and start moving in a bullish direction. However, my stop loss calls to hold for the full part of the weekly fair value gap just in case. However, I don't believe that will be the case. I think we will hit one of the two gaps whether it be today or tomorrow and that would also fill the imbalance that you can barely see. Now that the imbalances are taken care of what's next? To take care of the liquidity. Liquidity will rest at double lows, double highs, anywhere that a trader would have a possible limit order. The algorithm will attack these areas because retail will think the opposite. Such as the double highs where I have a silver line running across the top. Retail traders will see this as resistance and sell short. Smart Money knows this and they will get near it, pull it back to let people chase it south once it gets up to that area and then they will take the price up taking prices to hit short stop losses. Look at gold where there are 4 "resistance points" and the 5th time it pulls back and breaks through. Example: So be careful around these areas that's why I'm giving this timeline 2 weeks to work out because we'll end November on a red candle. December will once again be a green candle and it should start off strong. So that's why I have this end next Saturday. Any questions or comments please let me know. Happy Trading! :) The price is coming up so I need to release this.
Long
by BodiesXWix
4
DOT/USD - Chilling on $40 support line. Can it pump? 🤔DOT has had quite a severe correction after reaching its current ATH at $55. It dropped 32%. Now that we have found a good support level at around $40, DOT has a new chance to pump. The indicators are bearish on the daily timeframe, but this can change quickly, particularly if on lower timeframes like 4-hour, the indicators can curve back up. So long we hold above $40, DOT has a good chance to break above the resistance at $43. Bias is neutral right now, but it will flip bullish the longer we sit above support. Like and follow if you liked my idea!
by DU09
2
DOT REVERSAL FROM A STRONG SUPPORT ZONEDOT has to flip $41.67 and go to $44, $46 and $48 (shorterm). DOT after a massive sell-off found the support at a strong uptrend trendline. We have a bullish harmonics on daily timeframe with the strong trendline support. As long as we hold this low we're moving up! For longterm I see no reason for Polkadot to not hit $100 - $170 mark! Let the final mega cycle begin and the real show will get started Handshake Accumulate the dips while you can and when you can! If you liked the idea, give it a thumbsup!
Long
by TychonTrades
1
Polkadot Schemei never been a moon boy but i like to predict hope. Everything is always depending on theKing but if we get a new bullish impulse before next year, DOT could follow his master this way. Remember to manage your invests, Don't go all in, follow BTC movements, keep money to rebuy in case of fail. The Key is yourself. This chart is still conservative in the numbers to reach. -------------------------------------------------------------- Trading Parts -------------------------------------------------------------- TP1 = 75$ ish TP2 = 100$ ish -------------------------------------------------------------- Happy Trading
KRAKEN:DOTUSDLong
by thecryer
10