DOTUSD - A Quick 10% Gain After Breaking Trend LinePolkadot seems to have just broken through that long descending trend line after testing this line a few times historically. There's a good area for the price to head to of recent consolidation so we'll be aiming for around 10% gains to reach the bottom edge of this area after a Buy signal from Crypto Tipster v2.
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DOT
DOT\USDT Bearish ChannelIn the daily time frame, the price is above the bearish channel and also in the range of the important bearish order block.
If this analysis is confirmed in lower time frames, enter the short position with more confidence.
You can move the stop loss during the trade to get more profit.
DOTUSD Futures ( DOTUSD03G2023 ), H4 Potential for Bullish RiseTitle: DOTUSD Futures ( DOTUSD03G2023 ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 6.705
Pivot: 6.326
Support: 6.030
Preferred case: Looking at the H4 chart, my overall bias for DOTUSD03G2023 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Expecting price to retest the pivot at 6.326, where the 38.2% Fibonacci line is before continue heading towards the resistance at 6.705, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 6.326, where the 38.2% Fibonacci line is, before heading towards the support at 6.030, where the previous swing low is.
Fundamentals: There are no major news.
$Neer next move! $Nuum. $dot $ksmAs I mentioned before (NEER successfully won a parachain crowadloan by Kusama and marked a record high of participants.. I expect this project to do very well in the short and long run.)
(Circulating Supply: 22.6M)
(Mcap: 5-6 M)
Team is delevering and working on more deliverables according to the plan, they are also working on $nuum which is somthing you need to look up if you are interested in this project. #Bitcounty #Pionner are doing well.
Technical part:
It looks like it is forming a giant Adam and Eve pattern. I think it is worth looking at.
Good luck.
DOT / USDT 1D CHART - Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT on a one-day timeframe. Let's start by marking the downtrend line, which the price has broken above, and we are currently moving above the uptrend line.
Let's move on to denoting the resistances that the price must overcome, and here we see that the first resistance is at $7.14, the second resistance is at $8.06, the third is at $8.96 and the fourth is at $10.24.
Looking the other way, we can similarly determine the places of support. And here we have the first support at $6.23, the second at $5.85, then we can mark the support zone from $5.55 to $5.20, and the second support zone from $4.78 to $4.20.
As we can see, the EMA Cross 10 and 30 indicate an uptrend, the CHOP index indicates entering a local downtrend, while the RSI shows a rebound and a downtrend.
DOTUSD Futures ( DOTUSDT), H4 Potential for Bullish ContinuationTitle: DOTUSD Futures ( DOTUSDT), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 7.222
Pivot: 6.539
Support: 6.201
Preferred case: Looking at the H4 chart, my overall bias for DOTUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 7.222, where the previous swing high is.
Alternative scenario: Price could head back down to break the pivot at 6.539, where the 38.2% Fibonacci line is, before heading towards the support at 6.201 where the 50% Fibonacci line is.
Fundamentals: There are no major news.
DOT on the brink of a major breakoutHi all,
DOT is usually trading below the radars of the big cryptocurrency influencers although it is already proven to be superior with its all technical advancements and future implementation as outlined in the roadmap. But this is not a pro-Polkadot post, so I will keep it simple.
1. Long-term downtrend - broken.
2. 21-EMA - flipped
3. $6-$6.2 horizontal resistance - broken.
What is next is the $7 mark, which is where the next major multi-timeframe resistance and former support area is situated. Additionally, it is the last high the token made on the weekly timeframe, which makes it important for the mid-term bullish reversal scenario. Lastly, that level was when DOT was initially halted back in 2020 triggering a 40 percent correction, so it is a sensitive one with a lot of trading activity around it.
I'm pretty convinced a clean breakout here will result in a major push towards the $9-$10 zone.
Let me know what you think in the comments
Regards
DOTUSD Potential for Bullish Continuation| 26th January 2023Looking at the H4 chart, my overall bias for DOTUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. With price tapping into my buy entry at 6.124, where the overlap support and 23.6% Fibonacci line is, we are looking to take profit at 7.415, where the previous swing high is. Stop loss will be placed at 5.704, where the previous overlap support is.
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Trading Idea 022: PolkadotMarket Conditions:
- trend reversal situation
- consolidation around the resistance
- bullish sentiment in the market
Key Level and Lines:
- $6.50 resistance
- downtrend line
Trading Ideas:
- go long after consolidation below the resistance if the price moves above it
- go short if the price bounces from the resistance supported by bearish sentiment.
PolkaDOT - It has to do much more in the next bull marketPolkaDOT has undeliverd in the last bullrun on my opinion.
The project is super strong and they have one of the best dev teams there is.
Also great comunity.
It's one of my top 3 favorites.
Great ecosistem, fast network, original aproach.
Let's go DOT!
This are only my humble ideas. It's not a financial advise!
DYOR allways!
Take care of your hard worked money!
Cheers!!!
Polkadot DOT price growth is still aheadIt is very likely that the DOTUSDT price is currently in the process of forming a global reversal trend pattern - "Inverted Head and Shoulders"
Of course, the final confirmation of the pattern's formation will come after the DOT price is firmly established above $10, and buyers will need to make a lot of effort to achieve this.
Looking at the chart, we can say that the rebound of the DOTUSD price from the bottom can be called quite weak compared to other altcoins.
Buyers of Polkadot token have not broken "shorts stops" yet, which are most likely hiding above levels $7.20 and $8.20, which are the first targets for growth.
Once this target will reach - when the shorts' stops are broken - a price correction may begin.
The medium-term target for DOT price is growth to $10+.
Long-term target - growth in the range of $19-23.5
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BTC/USD POSSIBLE CORRECTION From technical point of view we can see that price came to the upper trend line which is the copy paste of lower trend line.
From psychological point of view I see a lot of FOMO.
"bull run started"
"load your bags or stay poor"
"generational lows"
"what if I missed a bull run again. I need to buy now"
When you look at the WALL STREET CHEAT SHEET - PSYCHOLOGY OF MARKET CYCLE I see another (probably last) push lower which is the step from anger to depression. ( link to Wall St. cheat sheet psychology of market cycle therobusttrader.com )
On a long run I still think that these levels are good levels to get in but you can face at least 30% drawdown .
This is only my point of view. Do your own research and trade your own analysis.
Price growth could continue to the $9.680 rangeGiven that the potential for an intraday trend reversal has emerged for DOT, if buyers can keep the price above $6.523, price growth could continue into the $9.680 range in the medium term. If the resistance of the ceiling of the descending channel is completely broken, it will be possible to reach the target of $9.680. Of course, pullbacks should not be ignored, and a return to the lows in the $5.102 - $5.374 range is possible. The last point is that if the previous ceiling at $6.523 is broken before the pullback, we can consider the $6.523 support as a safe zone for a pullback.
DOTUSDT | DECRYPTERS |POLKADOT Hi people welcome to Team Decrypters
We are buying DOT in spot for MID - Short term and Allocating 2% of portfolio
#Decrypters #dot #dotusdt #usdt #polkadot
Reasons :-
--A trendline breakout is a situation in which the price of an asset moves outside of a previously established trendline. This can signal a potential change in the direction of the trend and can be used as a buy or sell signal by traders
--Volume Profile is a charting technique that uses historical volume data to display the distribution of trading activity at different price levels., Traders use this information to identify areas of support and resistance, as well as to identify potential trading opportunities
💥☃️🌲Polkadot Analyze (Road Map)!!!🗺️💥☃️🌲(+200%😱)❗️❓Today, I showed you the Polkadot road map🗺️.
Polkadot is running near the heavy support zone.
I expect Polkadot will go down a little more and then start to rise to a heavy resistance zone( about +200%)😱.
🔆Suggestion: If you want to add DOT to your portfolio, you can wait to break the downtrend line and SMA 100(Daily TF).
Polkadot Analyze ( DOTUSDT ) Timeframe Weekly⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💲 Dot 0.618 Within Reach 💲💲 Dot 0.618 within reach
💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave.
💲 Nearest strong resistance zone: around the 0.618 fibo level of the downward wave.
💲 Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Dot continues its path northward bouncing perfectly from the support zone set by the fibo level of 0.236 of the downward wave. After such a quick return, there is a very high chance of seeing the 0.618 level of the downward wave in the next few days.
💲 The scenario I'm playing out is a continuation of the upside to the 0.618 area of the downward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀