No double fake-out thesis playing again well
Mega day yesterday which wasn't completely expected
Eth money will likely rotate here also so that will help fuel it higher
I can't see there being too many dips in this unless BTC dies of death as it looks v solid
Just backtested 4H support and pushing through 4H resistance
DOT/USDT looks very bullish on the daily timeframe as it looks to breakout from a 3 month long consolidation zone spanning all the way back to February.
My targets for taking profits are highlighted on the chart and are situated at the following respective fib levels:
TP 1 at the 1.618 fib ($61)
TP 2 at the 2.618 fib ($82)
TP 3 at our final target just below...
- DOTUSDT hit a swing high.
- The market then retraced for a retest of the ascending trendline support and the 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- We could see a bounce off the ascending trendline support.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
. There is a possibility of temporary retracement to the suggested support line (0.00058400). If so, traders can set orders based on Price Action and expect to reach short-term targets.
. FILBTC is in an uptrend, and it is expected to continue.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
DOT/BTC is battling resistance near its previous high, if it flips the lower trend line into support this could indicate larger gains against BTC for DOT.
A close below could see a move back to the downside, this resulted in a 65% loss in Q4 last year.
. There is a possibility of temporary retracement to suggested support line (0.0002). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. DOT/Bitcoin DOTBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a...
DOTUSDT brokeout above the downtrend resistance. The market is currently printing the inversed head and shoulders reversal pattern. Breakout above the neckline resistance could be a bullish signal ⬆️. RSI confirmation 🔼.
Hey, I am back with another Crypto Analysis, focused on Polkadot.
Last time I was making an analysis on DOT, I was pretty bullish on it and bought at $4.35, which is not the best entry, but remember the point of making money is about to be, able to take your profit at a good level !