Woow !!! Polkadot (DOT) Has Completed Bullish Setup For Another Rally Upto 99%

Woow !!! Polkadot (DOT) Has Completed Bullish Setup For Another Rally Upto 99%

By moon333 | moon333 | 10 Oct 2020


Hey, friends hope you are well and welcome the new update on Polkadot (DOT). In this video you will watch how: 

On a daily chart, the price action of DOT is moving in a down channel and making a powerful attempt the breakout the resistance of this channel.

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On the small-time period 4-hour chart the price action has broken out all simple moving averages with the time period of 25, 50, and 100.

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Now I would like to draw your attention towards a powerful bullish move of the Polkadot coin that it has formed a bullish Gartley pattern in the US Dollar market and the Bitcoin markets as well. The patterns and targets are as below:

 

Polkadot with US Dollar pair Gartley move:

The priceline of Polkadot (DOT) with USDT pair has formed bullish Gartley on the 2-day chart.

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The targets as per the Fibonacci sequence of Gartley are:

 

Potential reversal or buying zone: $3.85 to $3.03 (this is stop loss as well)

Fibonacci projection or sell zone: $4.49 to $6.04

 

Polkadot with Bitcoin pair Gartley move:

The priceline of Polkadot (DOT) with the Bitcoin pair has formed bullish Gartley the same as with US Dollar pair on the 2-day chart.

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The targets as per Fibonacci sequence of Gartley are:

 

Potential reversal or buying zone: 0.00037629 to 0.00031935 btc

 

Fibonacci projection or sell zone: 0.00042099 to 0.00052901 btc

Conclusion:

The price action of Polkadot is showing a very positive gesture as it has broken out all SMAs with a time period of 25, 50, and 100 on a 4-hour chart and likely to breakout the resistance of the channel soon. However, we should use the potential reversal zone as stop-loss because if this PRZ level will be broken down then the price action of DOT may move more down for the completion of the Butterfly move.

 

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moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

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