PolkaDot on the 1.6iv Fibo levelshark harmonic pattern:
1.61 iv=4.47
1.61 BC=3.6 and the price action level
the target of (4) wave:
2.24 iv-v=24
DOTUSD.P trade ideas
DOT Slow BleedI don't really see support until around $3.50. DOT just keeps putting in new lows, contrary to the market. Short the relative weakness until it regains the EMA 8 in a substantial way or another MA.
$DOT : POLKADOT Road Map$DOT
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
11.30.22
0913H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Forecast Entries for a BULL SWING.
Smart money wants a REBOOT of 2018 and all is possible for the forecasted entries based on numbers and the character of the market Let us see how price action reacts on a DAILY chart .
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created using data on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume , Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology .
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
DOTUSD [Engulfing Candlestick] Target Price is 5.5220. Engulfing Candlestick formed at Pivot Point at price level 5.2538.
dot looking like a good buythis is my long term dot strat, this is a weekly tf so this could take a very long time to play out. but dot and its eco system is so oversold and looking like some really good buys now in the the short term. been in a falling wedge for quite some time now. im a buyer anywhere from $4 to $5. not financial advice im willing to accumulate dot all next year if needed. this may not be quite the bottom yet be we are very close.
DOTUSD Accumulation . 6 months+ - 1year+ HOLDDOTUSD Buy : 5.5$
DCA : 4.8$ , 3.8$
Hold 6months - 1.5 years
3xbuy signals
DOTUSD SHOULD BE BOTTOMED NOW Dip under 5$ ended up with a bullish dragonfly doji.
And we are up up.
We are bottomed.. buy and hold.
Target is over 100$ for ATH
DOTUSD Can't stop this death spiral unless the 1D MA200 breaks.Polkadot (DOTUSD) has been trading within a Channel Down pattern since the November 08 2021 High. Our previous DOT analysis was on July 16, which hit its target with the help of that pattern:
In early November the price broke above it marginally but as it failed to cross the 1D MA200 (orange trend-line), the 1D RSI formed a top (red circle) and caused the price to drop. As you see, this pattern is consistent with both previous Lower Highs, a 1D RSI on these levels forms a top and causes the price to drop aggressively.
This 'Death spiral' can only stop with a break above the 1D MA200, which is the Resistance since January 05. Until then, we can expect DOT to make a new Lower Low either on the 0.786 Fib around 5.00 or even lower on the 0.618 Fib (4.50 - 4.00) before the end of the year.
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Polkadot - I'm Interested..Polkadot is one I am eyeing closely for the next bullrun - with everything going on with Solana who knows what develops over the coming months/year.
I have my bids below if we get there, but clearly short-term resistances above and a key s/r level we're trading below as of now.
Daily candle closes in a couple hours and I think that will be telling of where it heads in the coming weeks.
Let me know your thoughts in the comments!
Cheers
DOT: Cycle bottom in at $4.3?DOT could be trading in a 1:1.618 ABC expanded flat correction with bottom targets at the cluster of fibs/support at ~$4.3. Dot just crossed another fib ring, so good chance the breakdown is coming soon. Looking at the volume profile, the most amount of DOT accumulated was also at $4.3. As DOT capitulates, I'd like to see more volume come in to signify a bottom.
POLKADOT UPDATE | DOTUSDWould be great to see a breakout above the falling wedge upper line with a retest to form inverse H&S
If that happens, could easily run 50% towards $9.3-9.5 area
Things take time.
DOT break weekly trend, confirmation soon?DOT is undervalued...if you asked me. And now we see DOT break the weekly trend. If the weekly close confirm the break, we can see some big action. Interesting times now with many opportunities and "big range trading". Let's hope the bullish sentiment stays intact so we can ride on all our long-trades :)
Polkadot - Bullish medium-term scenario - Potential 50% gainsPolkadot forming a long-TF ascending triangle on Daily
2nd bottom & re-test of the ascending triangle seams to be confirmed by:
- RSI bottomed and about to breakout (same levels as mid-july 2021 selloff)
- Current overall market reaction
- 23.6 Fib level acting once again as nice support
- MA 100 & 200 seem to re-create a similar pattern as during mid-july 2021 selloff
Potential 50% gains until EO Feb 2022.
Entry at 19-20$
Stop loss at 17.90$
--> Target 28-31$
Happy Trading!
PolkaDot - Bullish NOW -Hi the "whales calves" - Following this week crazy (amazing/great) moves, even if Ethereum remains the one and well oriented to the upside, would consider PolkaDot for a change; as the technical configuration appears clear. Preference to consider that the market completed its wave 4 bearish consolidation and a new bullish acceleration to take place on the current levels... Have Fun - Stay Safe
DOT Potential Tower TopKeep an eye out for a potential tower top to form. DOT is testing the 4H EMA 8 and is above the 4H MA 200, though the upper shadows makes it look due for a tower top.
#Long DOTUSDSymmetrical triangle breakout observed from top.
TP set as per back of the triangle
Stoploss set few pips below the bottom slope of triangle
DOT - Bounce in sight
After reaching 2 of my 3 pullback targets (see related idea), DOT got back on the downhill wagon and set a new short term low.
Nevertheless, we had a nice rejection candle which also gave us bullish RSI divergence (red line). A break of the falling wedge would lead to a recovery with first target at the 7.70-8.00 region.
DOTUSDT Falling wedge + bullish divergence in many indicatorsI'm deeply in love, don't you know pump it up, you got 2 pump it up.mp3
DOT SELL!!!DOT just reacted off the demand area. Looking to sell towards the supply area for a swing buy position. Let's see how it plays out.
