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DOT

🔴 DOT - Are You Patient?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DOT has been overall bearish for a while and it is now approaching a strong weekly support and round number 5.0 in green. DOT is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. For the bulls to take over from a long-term perspective , we need a break above the channel and last major high in gray. Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 4.0 - 5.0 support. In this case, as price approaches the support again, we will be looking for short-term buy setups. From a short-term perspective , for the bulls to take over, we need a break above the previous minor resistance in orange. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
18
Whether it can rise above 5.67 is the keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTBTC 1W chart) It must rise above 0.0003 911 to gain the power of rising. ---------------------------------------- (DOTUSDT 1M Chart) Whether it can rise above 7.16-9.26 is the key. (1W chart) The key is whether it can be supported and rise at 5.11 and rise above 7.16. (1D chart) The key is whether it rises above 5.67 between December 4-6 and receives support. Since the volume profile section is formed in the 6.28-6.60 section, it is important to rise above this section. If not, you need to make sure it is supported in section 4.16-5.11. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
DOT had good price growth over the past week!DOT had good price growth over the past week. Considering that the price had hit the bottom of the descending channel in the range of $5 in the high time frames, we saw the formation of a double bottom pattern and the return of the price above the range of $5.4. This pattern, which is clearly recognizable in the 4-hour time frame, has confirmed the break of this resistance pattern as the pattern's neckline was formed at the $5.4 range. In the same period of time, we can expect further growth up to the short-term target range of $6 by considering an upward trend line on the last pivots and until this dynamic support is fully maintained. The trend is still bearish until the $6 resistance is broken. There is a possibility of a larger twin bottom pattern forming on the intraday, where the $5.10-$5.30 support level could be a good support area to retest demand.
by MonoCoinSignal
9
Polkadot Starts Forming Bottom PatternWe will look at two more Altcoins that are starting to show early bottom/reversal signals, even if it is for just a relief rally. First one is Polkadot (DOTUSDT), the other is The Sandbox (SANDUSDT). Let's start with Polkadot. We can see the rounded bottom in June/July before the upwards correction took place. Now we are seeing a similar pattern with another bullish signal supporting it. We have bullish divergence between DOTUSDT and the RSI. A strong divergence started forming since August. On the short-term side, we see prices trading above EMA10 and moving pass EMA21. This happens while aiming at MA200 or $7.275 as potential target. (A nice 30% potential growth). We know that Polkadot moves together with Bitcoin... Almost all major Altcoins do. So it is a positive signal when we see it go green as Bitcoin is correcting short-term. Additional details on the chart (support & resistance levels). Namaste.
Long
by AlanSantana
2
Important minor support!DOT continued its downward trend during the last week. But by accurately hitting the bottom of its medium-term descending channel, the price increased just like the Cardano chart. But this increase in price has not shown high power from the buyer. Considering that the price is completely in a downward trend until the resistance of the $6 range becomes support, these reversals can be considered a corrective wave. But on the one hand, because a downward trend line within the channel has been broken upwards, and the last downward wave was a pullback to this trend line, if the short-term market conditions are maintained, the possibility of forming a double bottom pattern for There is a medium-term uptrend. But its confirmation requires breaking the $6 resistance. Also, breaking the $6 resistance can make the 4-hour trend upward. At the time of writing this analysis, the biggest time frame in which the upward trend can be seen is the 1-hour time frame. As long as the minor support level of $5.25-$5.20 is not broken, this short-term uptrend can continue toward the $6 target.
by MonoCoinSignal
7