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.
DOT
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🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
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.
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.
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..!!
✴️ 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.
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.
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.
6.640, an important point for the long termHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(DOTBTC 1W chart)
The question is whether it can move above 0.0002 728 and break out of the downtrend channel.
If not, it is expected to lose the power to rise even more.
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(DOTUSDT chart)
(1W chart)
You need to rise above 7.530 to get out of the bottom section.
If the price holds above 10.131, we expect a full-fledged uptrend.
To do so, the key is whether the price can be maintained above 5.192.
(1D chart)
We need to see if we can get support around 5.956 and move up along the uptrend line.
If that fails, you should check for support around 5.674.
At 6.640, the HA-Low indicator on the 1M chart was created.
Therefore, if it rises to around 6.640 and is confirmed to be supported, I think it is possible to buy from a long-term perspective.
However, it is expected that we will need to stock up on strength to break through the 7.530-10.131 section upward, so we need to calm down and proceed with the purchase slowly.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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DOT/USD - SHORTDate: 26/03/2023
Technical Analysis:
The market respected a supply/demand zone initially.
Price broke the demand zone, which is now acting as supply, and came back to test and closed with a bearish doji.
In the Fibonacci retracement of the last down wave, there is a correction at the 0.5% level and a close with a doji candle.
In the 1-hour timeframe, there is an engulfing pattern at the 0.5% Fibonacci level, indicating a final correction of the Correction.
The market is currently in a clear downtrend.
Trade Plan:
Take Profit Target 1: The last lower low.
Take Profit Target 2: The daily supply/demand zone.
Stop Loss: Placed above the last lower made.
Risk per trade: 1% of capital. However, it is recommended to wait for a correction to enter with 0.5% risk.
Please note that this is a professional and clear trade plan for informational purposes only. It is important to conduct your own research and analysis before making any trading decisions. Additionally, please always remember to manage your risk carefully and never risk more than you can afford to lose.
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price is moving in the local downtrend channel.
Let's start with the support line and as you can see the first support in the near future is $5.96, if the support is broken then the next support is $5.76.
Now let's move on to the resistance line, as you can see the first resistance is $6.10, if you manage to break it, the next resistance will be $6.22, $6.31 and $6.41.
Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD is on the verge of entering a downtrend, while the RSI shows a definite rebound, which creates room for new price increases.
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a four-hour interval. First, we will use the yellow line to mark the uptrend line from which the price has gone down, then with the blue lines we will mark the downtrend channel in which the price is moving in the lower range.
Going further, we can move on to marking support areas in a situation where the correction will deepen. Currently, the DOT price has fallen below the strong support at 0.618 FIB and now the first support is at $6.09 and the second support is at $5.92.
Looking the other way, we will start by marking a strong resistance zone from $6.37 to $6.51, when the price goes up from this zone, the next resistance is at $6.62, the third at $6.73, and then the fourth at $6.89.
At this point, it is worth looking at the EMA Cross 10 and 30, as we can see the red EMA Cross 10 curves, while when it crosses the green EMA Cross 30 from above, it will give us confirmation of the return to the downtrend.
As you can see on the CHOP index, we have a lot of energy for further moves, MACD confirms the ongoing local downtrend, while on the RSI we have a rebound and we have gone to the lower part of the range, which gives us room for new increases.
DOT/USDTPolkadat has reached a strong support zone on the DOT/BTC chart.
But it is not in a bad situation on the DOT/USDT chart and it can climb up to the range I specified. However, according to the situation of Bitcoin and the possibility of its correction, as well as observing the divergence in rsi, there is a possibility of correction up to the range of $5.6.
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price has decisively broken the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $6.36, if the support is broken then the next support is $6.25, $6.16 and $6.06.
Now let's move to the resistance line, as you can see the first resistance is $6.59, if you manage to break it, the next resistance will be $6.71, $6.80 and $6.90.
Looking at the CHOP indicator, we see that the energy is being consumed, the MACD indicates a local uptrend, while the RSI indicator has touched the upper limit and we immediately see a price correction.
Polkadot's Bear RunThis one isn't as clear either and looks like it wants to reverse.
It looks like it wants to go up.
The bearish cross can lead to just that, a short-term reversal but it signals a mid/long-term drop.
Look at the volume, it has been decreasing.
The Altcoins move together.
What one does the rest follows...
Polkadot (DOTUSD) is also likely to go down before the next bullish run.
Namaste.