DOTUSDT interesting price actionDOTUSDT is currently trading at the bottom of the ascending channel. A very interesting buying opportunity indeed. We are certainly taking this one serously.
DOT
Polkadot Mid-Range Decisions DOT, great potential with SEC considering labeling the coin as a commodity. When looking I feel neutral about the chart, we see a change of structure & yet not much impulsiveness during the April alt-coin rally. A test of lower support seems probable if the BTC retracement is coming in the following months and maybe even new lows.
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Been awhile since I looked at this.
2s can run together, so if you see 2 exp flats that can be a tattle tail sign of a 12,12.
Unfortunately, I can also see this.
Cheers!
POLKADOT: UPTREND CONTINUATIONMIL:DOT looks bullish after last crypto correction, looking for a bounce from this uptrend and a continuation to the upside.
Daily 200 MA & uptrend touch confluence gave me more confidence on this long. Plus, trade has more than 1:3 RRR.
Will keep updating this in here, make sure you follow me.
DOT chartDot price levels on the chart will watch for a break either up or down
No clear direction yet
DOT TREND WITH BUY OR SELL ZONESLike is write in the chart, buy if the big trend is breakout or sell if the small channel is breakout in down
DOT/USDT 1D ReviewHello everyone, let's look at the DOT to USDT chart on a one-day time frame. As you can see, the price remains above the uptrend line.
Let's start by drawing a support line. And as you can see, the price is in front of a very strong support at the so-called golden point Fib Retracement equal to $ 5.63, if the support is broken then the next support is $ 5.02 and $ 4.22.
Now let's move on to the resistances that the price has to overcome. First, we have a very strong resistance zone from $6.23 to $6.54, when we manage to break it, the second resistance is $6.85, the third at $7.32 and then the fourth at $7.90.
Looking at the CHOP indicator, we see that there is still some energy left, the MACD indicates a downtrend, however, the RSI is approaching the lower limit, which may indicate the approaching end of the correction.
DOTBTC 2023 outlook Polkadot price actionTime to look at my favourite altcoin and it's pretty dismal perfomance over the last year agaisnt BTC
I've outlined my basic outlook on the weekly chart using candle stick closes and Log fibs. Coincidentally its touched the .886 retrace to the T. Typical sign of weak altcoins to retrace all the way back to the .886 level. I'm pretty confident the bottom for DOT/BTC is in based on this and the fact that its nearly an 80% correction from ATH vs BTC
My mid term outlook is bullish (for a change) Looking at best case scenario retrace up to .618 from ATH placing it at the .0004830 sat region
I've marked out 3 different TP below and above this level respectively as I've become accustomed to DOT usually underperforming against market competitors. So my TP is more conservative vs others. With the exception of TP3 being higher as I see this as an ATH for this market cycle
Some thoughts on DOT
Personally this is my favourite altcoin of them all. Admittedly one should not have emotion when it comes to trading as we're all here to make money and not love
My bias is fundamentally based and I will probably always keep staking my DOT from my ledger for years to come
Point 1 - Its not a security, this gives institutional interest and clarity on adding it to their basket or portfolio
Point 2 - Highest DEV activity compared to other L1 : Link : www.thecoinrepublic.com
Point 3 - Interoperability (future proof)
Point 4 - Staking offline (my personal favourite)
Point 5 - Gavin Wood (some food for thought for the ETH maxi's)
There are more use cases to be made however one can only consider an argument valid if you can argue from both ends, So my concern for this project is as follows:
Point 1 - Concensus mechanism too slow. One of my dear friends informed me they wanted to launch TAO on their parachain but it was too slow for their timeline, in turn they self funded the crowdloan
Point 2 - Inflation. As great as APR is with Staking this shows inflation in the ecosystem and given that DOT has no FINITE market cap it can dampen price action in future
I'll be adding my DOT/USDT analysis to this post and updating it over time. As this is afterall my favourite ))
DOTUSDT on daily support, likely to head towards 6.4The price has hit the daily support. A long shall be favorable here. The target for the long should be the daily resistance around 6.4. If the price loses daily support, the price is very likely to bounce from weekly support marked on the chart. That support is very likely to hold and makes the long very favorable.
🔥POLKADOT IS GOING TO PUMP AFTER THE PULLBACK! $10 IS A TARGET.🔥Hi, friends! Polkadot is squeezing to the trendline and trying to break it down. I think that one more pullback from the trendline is highly possible and the breakdown will happen soon.
Bitcoin feels so weak and a fall to $ 25-27k is almost inevitable, so the 99% altcoins will follow BTC too, including DOT.
📊 TRADING PLAN FOR DOT:
1. squeeze and breakout of the trendline down
2. test the $5.75 key level as the support
3. volume growth
4. bullish BTC
✅ THE MAIN TARGETS FOR DOT:
🔥 $6.7 - the local highs
🔥$ 7.9 - the key level and local highs
🔥$ 10 - the key level and even number
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
an update on DOT's Bullish trendPrice finally managed to break the triangle. the price can easily reach the target(7.5) after a little correction.
Previous analysis
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
alt season or what?its cool isnt it?
just sit and whatch the beauty
but remember that we will see new lows after touching the tp1 or tp2 so becareful and dont be greedy
dotusdt shortshorts on dot filled the imbalance on the daily timeframe by 0.5 removed liquidity on the hour, after 20 minutes the closing of the hourly candle will allow you to enter the minimum stop position
DOTAs the most of alts follows Bitcoin and showing a huge triangel pattern and most of them have broken out but not all. On weekly it could start breaking 50RSI and starts trending. Dot showing it could reach 20$ in May with its bull rsi div and triangel breakout.
Polkadot (dot) or all of themLook at the picture and review the behavior of the past weeks and judge for yourself. My opinion is that the reason why all currencies go up on one day and all of them go down on the next day and repeat this behavior is this, and the price of these currencies has reached its real value, and with advertisements and main factors such as solar storms, it sometimes skyrockets. We all know its future, do you say stability or decline??
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.
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 $8.79.
Let's see how it unfolds as polkadot could start an impressive recovery soon.
Supports for DOTUSDT:
S1 6.39
S2 6.264
Resistances for DOTUSDT:
R1 6.49
R2 6.59
MM200: 6.264
EMAS: Pointed upwards, the asset usually follows the direction of this powerful indicator
RSI: Exhaustion of Buying Forces.
DOT's chance to reach 7.5$🌟DOT has created a bullish pattern which is an ascending triangle. The pattern will increase the price as much as the measured price movement (AB=CD). if this expected movement happens, the price shall end up near 7.5$!
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
Dot look like on fireI highly recommend u to buy DOT now
🔸As u see in weekly chart it consolidated a massive falling wedge since more than 27 months and now it going to breakout
🔸I think we can see DOT above 20$ in for midterm
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DOT possible breakout Hello everyone! I've observed an interesting development on the 1-hour timeframe - a local trendline has converged with an important Fibonacci level of 0.618. If this trendline is breached, we could potentially see a strong impulse towards the next level. As always, remember to trade safely and responsibly
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 ".
