PolkaDot (DOTUSDT) is in the process of producing a major retrace... Let's see what the chart has to say.
Here we have an "initial high" in December 2023; notice that in March 2024 a higher high is hit but this is a "weak higher high" because the peak price stays too close in the vicinity of the previous high.
➖ A weak high means weak bullish engagement;
➖ Weak...
Polkadot is looking sweet to move towards 200EMA with those nice rejections near the middle line of Bollinger Bands.
We suggest keeping an eye on that line and overall on the Polkadot; we might see some good results here!
Swallow Team
This is an update on $dotusdt. It now seems clear to me that we have completed the primary degree wave 1-yellow and we are in some kind FLAT for wave 2-yellow which we will be ending coming days or weeks at around the 50-70% Fibonacci zone.
The next point of interest or right place to DCA is anywhere withing the box. Remember I warned you about all these huge...
Hello Trader BINANCE:DOTUSDT.P
there is a bounce back and there is a second retest for the double bottom area, it is confirmed to be bullish for a short time.
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Disclamer: Not Financial Advice
Polka Dot (DOTUSD) is looking strong on the chart as it is forming a rounding bottom pattern. This pattern is a bullish indicator that signals a reversal of the downtrend. It also implies that the market is now attracting more buyers than sellers.
I have defined three potential targets for Polka Dot in the next few months. Right now, it is a perfect time to enter...
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🔍Entry: 8.893
🛑Stop Loss: 8.512
🎯Take Profit: 9.304-9.688
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Disclaimer: I don't have a fundamental basis to actually believe in this scenario, but what I see on the chart I see on the chart.
With that out of the way, the shown scenario of an impulse followed by a rather big flat correction, which might be done now, would be extremely bullish, since it would suggest new all time highs (that would be a 13x from here at...
BINANCE:DOTUSDT has been making lower lows as the whole market plunged a few days ago. There is a high likelihood that the market will continue falling, testing the lows. I think the market might just move sideways before there is a clear trend. I expect the market to move downward to an even number at 5.00. Notice the market forms a range zone, followed by a...
Polkadot has also made a good downward movement, with prices breaking all FVG zones and also EMAs.
We are now seeking a potential further movement to lower zones here, but only if we see a good breakdown of the current zone (where prices find it hard to hold the zone and sellers are slowly taking over).
Swallow Team
This could be Polkadot for the bull run. Price might retrace to $5.6 but i highly doubt it with the presence of strong volume an relative strength index already above the previous high syncing with the price action, it is a strong indication of buyers taking charge and imminent price surge.
Again as I have emphasised on previous analysis, do not time a perfect...
220 days in the ascending channel
DOT @monthly resistance 9.6$, we want to see the clear break and the price must hold above it
Price can go to the top of channel 66% move
Enter if the price holds above the resistance
TP1 = 11.888
TP2 = 15.9
NFA
