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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.
by cryptodailyuk
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 ))
Long
by Andy1GP
1
🔥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.
by Yuriy_Bishko
5
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