DOT seems to be settling around the $5.99 support level, but will likely dip if/when BTC drops further. Here's an updated chart with the other major support areas marked. In case you're not familiar, CMF is Chaikin Money Flow - a useful indicator for determining breakouts and relative amount accumulation vs. distribution. As you can see from the chart, the price...
DOTUSDT coin is very new, so we do not have enough input. we should wait for a while before buying it. I will let you know when is the correct time:)
bought at 6.1. looking to sell once we observe blow top volume and when trend begins to weaken (typically in that order). not financial advice. stay safe.
Kind of hard to decide what arc to actually go off because nothing looks super perfect but this I would rate this as 'pretty good'. Just wait and see I suppose, personally I reduced my position a bit just so I wasn't over leveraged. Really need to get my coding skills up to scratch so I can actually play around with the blockchain tech instead of charting coins !!
DOT is good too move up , it has been react to 61.8 fibs level, so I expect we can go up and tp on the chart, but use tight SL because if BTC moves down can rekt alts and its price on the bottom.
When things get crazy in life it pays to zoom out. DOT seemed to be doing crazy things. It did... but when we look at the big picture we notice the patterns. When the hype is real take a step back and find those key entry and exit points.
Could have a winner with this chart, it resisted at that first line and has now poked through, lets see if it closes above
I feel pretty confident in the support levels drawn, probably more so if it breaks upwards - provided it breaks in the next couple hours. Another possibility is this and that probably looks better for if it drops. Won't really know until it happens and can see which one it decides to follow. LEND is also doing something similar right now, might chart it properly...
It's a graph like this which is most promising to trade with Futures! Clear support, and a 3% difference, so good to trade over a couple hours, but requires alot of attention because if it breaks up or down you don't want to be too slow to react (this trend started at midnight for me so I couldn't do anything fancy with it, but I have a long in place anyway :D )
It possible happens this week
This is my first time uploading here. Seeing the last time we had a correction, the price moved in a similar pattern. RSI is looking good and stochastic is going reverse to the upper side. The target would be 6.8, and then 9.
Take a second to look at the chart: GREEN LINE marks the previous resistance turned support: The last time the price of DOT touched the green line it did a 40% move to the upside RED LINE marks the prices where sellers are dumping DOT: The price is currently beneath the RED LINE, EXPECT the price to drop and touch the GREEN LINE ONCE MORE AND BLAST OUT TO 8$ Buy the dip
BINANCE:DOTUSDT Playing the D wave after that probable reversal/Pushback.
correction is a must..lets see how much lower it will go first. Anyway, Kadena is a DOT ecosystem.. it is BOOMING now ..look at my other ideas for $KDA.. $KDA is a hidden gem. fortune 100;500 companies already using it. but only 20mil market cap only. this can go x20-x50 long term.
Gah I was too impatient yesterday, should've backed myself! I noticed that all the alts retraced 50% from their highs when they had a major correction, so I had a short running on DOT and a couple others, but canned most of them too early. DOT and THETA were probably the best looking for a short yesterday. Kind of wondering if it'll test the 50% retracement if...
Hey, I am back with another Crypto Analysis, focused on Polkadot. Intro. 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 ! Today I took profit at $6.5 and rebought at $5.8, which is...