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DOT

1hr DOT chart TA by GrokAI This chart is a technical analysis of the Polkadot (DOT) price on the Binance exchange, using the Tether US (USDT) as the trading pair. Here's a breakdown of the key elements shown: Candlestick Chart: The main part of the chart shows the price movement of DOT over time. Each candlestick represents one day. The recent price action shows a significant upward movement, followed by a sharp decline. Fibonacci Retracement Levels: The horizontal lines with percentages (0.236, 0.382, etc.) are Fibonacci retracement levels. These levels are used to identify potential support and resistance levels. The price has retraced to around the 0.5 level after the recent peak. Volume: The bars at the bottom of the candlestick chart represent the trading volume. Higher volume during the price increase suggests strong buying interest, while the volume during the decline indicates selling pressure. MACD Indicator: Below the price chart, there's the Moving Average Convergence Divergence (MACD) indicator. It consists of: MACD Line (blue): The difference between the 12-day and 26-day EMA of the price. Signal Line (orange): A 9-day EMA of the MACD line. Histogram: The difference between the MACD and signal lines. The MACD crossing below the signal line can be a bearish signal, suggesting potential for further price decline. Analysis: The recent price spike followed by a sharp decline might indicate a correction after a bullish run. The price has retraced to around the 0.5 Fibonacci level, which could act as a support level if the price finds stability here. The volume increase during the price rise and subsequent fall suggests strong market reactions, both in buying and selling. The MACD indicator has turned bearish with the MACD line crossing below the signal line, which might suggest that the downward trend could continue unless there's a significant buying volume that pushes the price back up. Conclusion: Short-term Outlook: The price might test lower Fibonacci levels (0.618 or lower) if the bearish momentum continues. Watch for any bullish divergence in the MACD or a significant increase in buying volume for signs of a reversal. Long-term Outlook: If the price holds above the 0.618 Fibonacci level and there's a bullish crossover in the MACD, it could indicate a potential for another upward move. Remember, technical analysis should be combined with other forms of analysis (like fundamental analysis) for more accurate predictions. Also, market conditions can change rapidly, so it's essential to keep an eye on real-time data and news related to Polkadot or broader market trends.
Long
by jasonciviello
Dot Target why 20$ KUCOIN:DOTUSDT BINANCE:DOTUSDT BINANCE:DOTUSDT.P CRYPTOCAP:DOT --- ### **1. Fibonacci Retracement Analysis** - **Levels Observed**: - **0% (High)**: **55.081** (all-time high or recent significant high). - **0.236**: **42.594**. - **0.5**: **28.625** (midpoint of retracement). - **0.618**: **22.381**. - **0.65**: **20.688** (golden pocket). - **0.786**: **13.491**. - **1.0 (Low)**: **2.168** (all-time low or recent significant low). --- ### **2. Current Price** - The price is currently around **7.790**, significantly lower than the golden pocket (0.618–0.65) and closer to the lower Fibonacci levels. --- ### **3. Take-Profit Level at $20** - **Why $20?** - **Golden Pocket Zone**: The **0.618–0.65 Fibonacci zone** is considered a high-probability reversal area. Many traders set their take-profit just below this zone to ensure profit capture before significant resistance is encountered. - **Psychological Level**: The $20 price point serves as a psychological resistance, where many traders might exit, amplifying sell pressure. - **Confluence with Historical Data**: Previous price action near this level likely showed significant resistance/support, aligning with Fibonacci levels. --- ### **4. Resistance and Support Zones** - **Major Resistance Levels**: - **22.381–20.688**: The golden pocket and primary target zone. - **28.625**: Midpoint retracement, another key resistance level. - **Support Levels**: - **13.491**: **0.786 Fibonacci level**, which may act as a strong base for further upward momentum. - **2.168**: All-time low or significant recent low. --- ### **5. Potential Price Scenarios** - **Bullish Case**: - If the price breaks through **13.491**, it could rally toward the golden pocket zone near **20.688–22.381**. - A breakout beyond **22.381** could extend the rally toward **28.625** or even higher. - **Bearish Case**: - If the price fails to hold **13.491**, it may revisit lower levels, potentially near the all-time low of **2.168**. --- ### **6. Strategy and Recommendations** - **Entry Point**: - Current prices near **7.790** are ideal if the upward trend continues. - **Take-Profit**: - The take-profit at **$20** is conservative and aligns with the golden pocket zone. - **Stop-Loss**: - Set below **13.491** to minimize losses if the trend reverses. --- ### **7. Market Psychology** - Many traders use Fibonacci retracement levels to define take-profits. The golden pocket is a popular area where selling pressure increases, causing potential reversals.
Long
by YokubjonUmedovich
Best Buy in DOT📊 DOT/USDT Analysis 🔹 The price remains in a short-term downtrend, currently testing the dynamic resistance of the descending trendline. 🔹 The EMA50 ($7.26) is acting as strong resistance, and breaking above it could trigger a bullish wave. 🔹 Key support lies in the $6.11 - $6.90 range, and losing this zone might lead to further downside risk. 🔹 If resistance levels are broken, the next target could be the $10.42 range. 🚀 📈 RSI Indicator suggests reduced selling pressure and a potential trend reversal. 💡 What do you think of this analysis? Is DOT ready for a breakout? 🤔
Long
by ehsancrypto72
2
PolkaDot DOT Has Just Flashed Insane Long Signal!Hello, Skyrexians! Recently we made BINANCE:DOTUSDT analysis for you, where told you that huge pump ahead. There was a price at $5. After that price reached $11 and showed the significant correction. Now most of people are talking that DOT is scam and will reach $2, but we have other opinion. Let's take a look at the daily time frame. As we mentioned before the growth from the bottom to $11 was just the wave 1 of the bull run. May be you don't believe me, but the shape of this wave looks like 5 Elliott waves impulse. Correction has a clear zigzag shape and has been finished inside the 0.61 Fibonacci retracement zone. It was ABC in wave 2. We have seen recently the green dot printed by Bullish/Bearish Reversal Bar Indicator . This is strong long signal. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . The next expected move is the wave 3 inside global wave 3. It shall be rapid without corrections. We expect the nearest target between $19 and $22 in the upcoming 2 months. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
10
Is DOTUSDT Preparing for a Reversal?Yello, Paradisers! DOTUSDT has been moving within a descending channel, presenting a textbook retracement pattern. Now, all eyes are on the crucial support zone, which could be the key turning point for the next move. 💎If DOTUSDT reaches this support zone and forms bullish patterns like a bullish I-CHoCH (Internal Change of Character), a W-pattern, or even an inverse head and shoulders, the probabilities for a bounce significantly increase. This could signal a potential bullish reversal from this critical area. 💎However, in the case of panic selling or deeper retracement, we may see a bounce from the strong support zone below. But remember, confirmation is key—bullish patterns in these zones will strengthen the case for a reversal. 💎If DOTUSDT breaks below the strong support zone and closes a candle there, this would invalidate the bullish setup. In such a scenario, waiting for new price action to develop is the smarter, safer move. Staying patient and disciplined is essential here. Trade strategically, avoid impulsive moves, and let the market show its hand before jumping in. Remember, the best trades come to those who wait for the highest probability setups. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
10
DOT - Getting ready to bounce back#DOT/USDT #Analysis Description --------------------------------------------------------------- + DOT is forming a higher low and price is getting consolidated within the zone. + I'm expecting a clear bounce back from this zone. + Price can easily reach the previous ATH --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 7.47 Stop Loss: 4.8 ------------------------------ Target 1: 10 Target 2:16 Target 3: 23 Target 4: 31 Target 5: 40 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
DOT is gonna have trouble for bullish movementDOT/USDT Daily Analysis: Inverse Cup and Handle Pattern Emerging Polkadot (DOT) appears to be forming a bearish inverse cup and handle pattern on the daily time frame, signaling potential downside if the pattern confirms. Here’s the breakdown: 📌 Pattern Structure: Cup Formation: The large, rounded top indicates a loss of upward momentum, culminating in a clear resistance zone around $7.50-$8.00. Handle Formation: A minor consolidation or relief rally, currently forming as a descending structure near the neckline, which is a key bearish continuation signal. 📏 Key Levels to Watch: Neckline Support: The yellow horizontal line at approximately $7.00 is critical. A breakdown below this level would confirm the bearish pattern. Measured Move Target: The projected downside is calculated by measuring the height of the "cup" and projecting it downward from the neckline. This suggests a potential target near $4.70 (red support zone). 📉 Bearish Case: A breakdown below the neckline with strong volume could accelerate selling pressure, leading to a significant drop toward the measured move target. The red arrow indicates the expected price trajectory if the neckline support fails. 💡 Invalidation: If DOT manages to hold the neckline and break above $8.00, the bearish pattern could be invalidated, opening the door for a bullish move. 📊 Conclusion: The inverse cup and handle pattern suggests a bearish outlook for DOT/USDT, with a possible move toward $4.70 if the neckline breaks. Traders should watch for volume confirmation on the breakdown and set proper risk management strategies. Do you think DOT will hold the neckline, or is a breakdown imminent? Share your thoughts! 👇
Short
by Cryptonic_Trading
DOT. Consolidation & Recovery. Ready for the Next Breakout.BINANCE:DOTUSDT At the moment, I believe most altcoins have hit their lows, making this an excellent opportunity to look for entry points. After reaching their minimums, prices have entered consolidation phases and started to recover gradually. I expect a return to the structure, brief sideways trading, and a subsequent upward breakout. The $7.5–$6.7 range looks quite appealing for buys, with targets at $9.712–$11.649. DYOR.
Long
by trendbooster
4
DOTUSDT | FIRST LINE OF DEFENSEDOTUSDT: Potential Support at the Green Box In this analysis, the green box emerges as a promising support area worth keeping on our radar. This zone holds significance for two reasons: It represents a key demand area, where buying interest could outweigh selling pressure. It serves as the first line of defense, a crucial level that could prevent further downside. Trading Strategy Lower Time Frame Reactions: The focus is on monitoring price action within the green box and the adjacent blue box zone. Long Trade Opportunities: If the price shows favorable reactions (e.g., bullish patterns or increased volume) in these areas, it can set the stage for well-structured long trades. This approach emphasizes precision and patience, allowing for entries that align with market dynamics. Summary The green box in DOTUSDT is a zone to watch closely as a potential pivot for the next upward move. Stay alert to lower time frame signals to fine-tune trade setups and capitalize on this opportunity. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Long
by XU99