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DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart on the four-hour interval. As we can see, the price is moving in the uptrend channel. Let's start by marking the support spots for the price and we see that we first have a support zone from $6.46 to $6.21, however if the price goes lower we have a second support zone from $6.01 to $5.80. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting a strong resistance at $6.85 equal to 0.618 Fib. We continue to have a strong resistance at $7.31, once the price breaks it, it will move towards the resistance at $7.90. The CHOP index indicates that the energy has been used up, the MACD indicates that the uptrend is maintained, while the RSI has crossed the upper limit of the range, which, according to our rule, often ends with a price rebound and so we see a small correction.
by cryptodailyuk
DOTUSDT 2H Polkadot price has rebounded within the HKEX:6 ,239- HKEX:6 ,586 range, returning to the short/medium term uptrend. Invalidation of bullish move will occur if DOT fot chasing MM200 at $6.264 First resistance level for Polkadot is $6.49, break should come at 6.59. A breakout of this barrier could take DOT to levels of $8.79. Let's see how it unfolds as polkadot could start an impressive recovery soon. Supports for DOTUSDT: S1 6.39 S2 6.264 Resistances for DOTUSDT: R1 6.49 R2 6.59 MM200: 6.264 EMAS: Pointed upwards, the asset usually follows the direction of this powerful indicator RSI: Exhaustion of Buying Forces.
by ferulianov
Keep your eyes wide open on PolkaLong time since I posted anything but IDK i felt like i wanna do it again after couple years i guess. I became more Economically oriented since that's my field of study and that's what i am obsessed with the most. Generally speaking i don't trust any kinda of analysis anymore as i was before but i trust the psychology of market which the analysis of the charts create, non of the crypto will go up till the some certain stuff that goes in world settle down a bit but if i am gonna say one thing it's gonna be " Any one buys crypto right now he publicly announce that he is shorting - betting on - the entire world's bank system ". Till the next time, maybe after another couple years " Who knows ".
Long
by MGendyy
Indicators Point to Potential Bullish MomentumPolkadot (DOT) is currently trading at $6.190, with a slight increase of 0.67% over the past 24 hours. Not bad, not bad at all. But what does this tell us about the future of DOT's price? Well, let's start with the Fibonacci retracement levels. The 0.5 Fibonacci retracement level is currently sitting at $5.922, and it has been acting as a strong support level recently. Meanwhile, the 0 Fibonacci retracement level is at $6.698, and it could potentially act as a resistance level. When we take a look at the Bollinger bands, we can see that the upper band is at $6.528, the middle band is at $6.195, and the lower band is at $5.861. So, it seems like the price is pretty much hovering around the middle band, which could indicate a neutral stance. But wait, there's more! The RSI is currently at 49, which is a sign of neutrality as well. However, the Stochastic Oscillators are at 54, which could indicate a potential bullish momentum building up. The MACD is currently at 0.031, which is another sign of a potential bullish movement. And let's not forget about the EMA 50, which is currently at $6.201 and could act as a potential support level. Now, let's talk about the volume. The Volume Oscillator is currently at -19.66%, which means that the volume has decreased, indicating a potential lack of interest from buyers or sellers. So, what does all of this mean? Well, it seems like the price of Polkadot is currently in a bit of a neutral position. However, with the Stochastic Oscillators and MACD suggesting a potential bullish momentum building up, we could see a price increase in the future. If the price manages to break above the 0 Fibonacci retracement level at $6.698, we could potentially see a bullish movement toward the next Fibonacci level at $7.691. On the other hand, if the price breaks below the 0.5 Fibonacci retracement level at $5.922, we could potentially see a bearish movement toward the next Fibonacci level at $5.145. So, there you have it. While the current price of Polkadot may be neutral, there are several indicators that suggest a potential bullish movement could be on the horizon. Only time will tell, so let's sit back and see what happens.
by MonoCoinSignal
5
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to view the DOt/USDT chart on a one-day time frame.. First, we will use the yellow line to mark the downtrend line from which the price went up. Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is just below the first support, then we have a support zone from $6.11 to $5.93 in front of the price, third support at $5.74, and then fourth support at $5.49. Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32 Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates that we have entered an uptrend, while the RSI has left the downtrend.
by cryptodailyuk
Polkadot - DOT breakout patterns🔵🟢🔴👀We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀 That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨 Have a great day dear Crypto Nation😎 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:DOTUSDLong
by Crypto4Everybody
DOT/USDT 4HInterval Resistance and SupportHello everyone, welcome to the DOT chart on today's chart of USDT pair, on a one-day time frame. First, we will use the yellow line to mark the downtrend line from which the price has increased. Moving forward, we can move on to marking support areas as we begin a major correction. And here we see the price is just below the first support, then we have the $6.11 to $5.93 support zone ahead of the price, the third support at $5.74 and then the fourth support at $5.49. Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32 Please look at the CHOP index which indicates we have a lot of energy for the move ahead, the MACD indicates we have entered a downtrend while the RSI is in recovery.
by cryptodailyuk
DOT/USDT Chart Analysis Predicts Bullish Trend and Potential forDOT/USDT Chart Analysis Predicts Bullish Trend and Potential for New Highs:- Greetings traders, I would like to share my analysis on the #DOT/USDT chart with you all. As of now, DOT is trading at $6.35, and my analysis shows that the coin has bounced back from its $0.618 Fib Retracement level, indicating a bullish trend with the potential to hit new highs. Therefore, I am expecting an upward move before witnessing a potential down wick. I have also confirmed the trend by double-verifying that it will break its triangle pattern. My entry point for this trade would be around $6, with targets set at $6.7, $7.30, and $8, respectively. I have set my stop loss at $5.74 to limit potential losses. It's important to note that trading involves a certain level of risk, and it's crucial to assess your risk tolerance before entering any trades. In conclusion, I believe there is potential for profits to be made in this trade, and I encourage you all to keep an eye on the DOT/USDT chart for any potential trading opportunities.
Long
by CryptoPatel
2
Polkadot | Getting Ready for Wedge Breakout..!! #POLKADOT #DOT (Analysis) DOT has been Consolidating in Falling Wedge since January 2021. Seems like It's already Bottomed out& Ready to FLY but Not out of the Woods yet. Bulls need to Clear the Multi-Year Descending Trendline to Confirm the Wedge Breakout. Once Breakout Happens, Expecting +250-270% Bullish Rally in the Midterm. What is Polkadot (DOT) ? Polkadot is a blockchain platform that improves scalability, security, and interoperability. It uses a multi-chain architecture allowing customized blockchains to communicate in a unified network. DOT is the native token used for governance and staking. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
✴️ Polkadot Same Pattern & Elliot Wave Theory For EntertainmentThis is getting repetitive but let's do it, it will be worth it once we get the results. Now, the 5-Steps Pattern is not the Elliot Wave 5-Wave Up bullish impulse. I made the 5-Steps Pattern on the go to explain the current market situation. The EW impulse is the classic 1-2-3-4-5 wave pattern while the current market action can be explained in any way. The low in December, the start of a bullish wave in January, the correction ending mid-March which matches Elliots Wave 2 and the resumption of the bullish move, which coincides with Wave 3 of an 5-Up Wave pattern. (Count 1) This is what we are looking at on the Polkadot (DOTUSDT) chart. What you see depicted is a potential wave count. It can vary, look at Wave 4 on the following chart: (Count 2) See the huge difference? That's why people will hide the waves as shown on the main chart. Wave 2 is a simple correction and so Wave 4 should be complex and thus we would have to go with "Count 2", this is based on the law of alternation (we are talking full Elliot now). Going with this scenario we would have to break our view of a top in April and experience additional growth through May and maybe even June. This is a possibility we are fully open now as the closure of banks and the attacks on Bitcoin/Cryptocurrency will only make this bullish wave stronger. If people can't sell easily they will simply hold long-term. Bitcoin's next All-Time High is now set for a minimum of $250,000+. We were aiming for $185,000+ inflation, data not yet published, but as things develop it is likely that by next year the potential will be $500K or even more. The world is about to change forever and ounce the Fed CBDC is launched they will be doing helicopter money special edition, Covid handouts will be a joke compared to what is coming. DOTUSDT is trading above MA200 and looks ready to grow. Unless we get a sudden crash tomorrow we are set to experience higher highs and higher lows... For years to come. Namaste.
Long
by AlanSantana
1
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day interval. First, we will use the yellow line to mark the downtrend line from which the price went up. Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is just below the first support, then we have a support zone from $6.11 to $5.93 in front of the price, third support at $5.74, and then fourth support at $5.49. Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32 It is worth paying attention to the EMA Cross 10 and 30, we can see that the red line of the EMA Cros 10 is moving just below the EMA Cross 30, the crossing of the green line by the red line can confirm the change of the trend to an uptrend. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates that we have entered an uptrend, while the RSI has left the downtrend.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in tandem with USDT on a four-hour interval. As we can see, the price has broken out of the local downtrend channel which we have marked with blue lines and is struggling to hold the price. Let's start by marking the support spots for the price and we see that we first have support at $6.06 just as we return to the descending channel, but if the price goes lower, we have another support at $5.92, then at $5.81. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has now bounced off a strong resistance at $6.27, then we have a resistance at $6.35, a third resistance at $6.42, and then a fourth resistance at $6.48. The CHOP index indicates that there is some energy left for the next move, the MACD confirms the ongoing local uptrend, while the RSI has reached the upper part of the range after a nice price increase and now we have a healthy correction.
by cryptodailyuk