Two resistance ranges!DOT had a range trend over the past week. Its price has fluctuated between the two resistance support ranges considered on the chart in the past. Support is in the range of $5.8 to $6, and resistance ranges from $6.6 to $6.8. We can consider a range trend in the 4-hour time frame. Due to the strong selling pressure in the previous bearish wave, there is a possibility that the range trend will continue.
Dynamic resistance is also considered in the current range on the chart. For the trend to be bullish, both resistances must be strongly broken to the upside, so we can expect the trend to change from bearish to bullish in the 4-hour time frame. There is still no sign of buyer strength on the weekly time frame, and there is a possibility of a retest of support levels. The Ichimoku indicator on the weekly time frame shows the current support levels to be very strong. So this month, there is potential for price growth after a fake support break.
DOT
LINK, DOT, FIL & ICP - Coincidence ?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find these 4 altcoins interesting.
📌LINK, DOT, FIL and ICP have been stuck inside a range 5.0 and 10.0
For the bulls to take over, we need a break above the 10.0 round number and resistance.
Meanwhile, as we approach the 5.0 round number / demand zone, we will be looking for short-term buy setups.
What a coincidence! or is it? 😉
What do you think? Is there any correlation among these 4?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DOT/USDT Downward wedge Secondary trend.Secondary trend. The price is near the dynamic support of the uptrend. A downtrend wedge has formed (secondary downtrend). Potential trend reversal zone in case of its breakthrough.
Important support/resistance zones, trend and formations shown on the chart. At the moment it is interesting to work, because of the intersection zone of the uptrend (green) and the downtrend (secondary).
Also there is a probability of breaking out stops before the reversal, as a rule, all put them under the trend line, it is important that the price does not stay under it for a long time.
DOT/USDT Main Trend. Wedge.
Analysis UPDATE DOT/USDT in 4Hour 🎲As we discussed in the previous analysis of Cryptocurrency, we said that with the loss of the support area of $6.50, the price will reach the daily support of $6.00. If this $6 support area is lost, the price is expected to react to the $5.5 support level. Otherwise, by stabilizing the price above 6.8 dollars, it has the ability to reach 7.2 dollars and 750 dollars.
Arztoday Team🌈
Analyzer✍: AR.Rashidi
DOTUSDT Long SignalThis killer gem is long waiting and making up an upward continuation sooner. I am highly bullish on DOTUSDT and it will be matter of weeks before it explodes to the new highs.
My setup is as follows:
Entries: 5.35 - 5.75
Short Term: 5.92, 6.10, 6.24
Mid-Term: 6.45, 6.84, 7.10 , 7.58
Long Term: 9 - 29
Please be aware with your money!
Polkadot (DOT) - September 25Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(DOTUSDT 1W Chart)
The key is whether you can climb to the 11.72-14.93 section.
To do that, we need to see if it can rise above 7.16.
(1D chart)
If it fails to rise above the downtrend line (1), it is expected to decline towards the 4.16-5.11 section.
The 11.72-14.93 section is a trend-determining section and is a strong support and resistance section.
Therefore, as we get closer to the 11.72-14.93 range, psychologically, if we don't buy now, we will continue to feel like we are about to surge.
Therefore, you should buy after confirming that it is supported by rising to the 11.72-14.93 section.
Otherwise, you will most likely make the mistake of buying at the high.
The final section where you can buy is possible when you see support in the 7.16-7.74 section.
If you buy in this range, in the short term, you can take profit when you find resistance in the 9.26-10.13 range.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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DOT USDT 4H - SWING TRADEDOTUSDT 4H – technical factors such as the 200-period moving average, coinciding with the monthly VWAP, points to an asset appreciation, it may experience resistance when passing through the ichimoku cloud, but it will quickly reach MM200. we can expect an advance to the $7.0 target however, let's wait for the DOT to reach $6.20 to make an entry. So from the limit order to the proposed target, we would have an average profit of 12% in the spot.
Operation to last around 7 days.
Entry price: $6.20
Exit Price: $7.00
Stop Loss: $5.98
****IMPORTANT NOT TO LEVERAGE FOR THE SUCCESS OF THE OPERATION***
In fundamental terms DOT, the very high octane coin, is a governance token, meaning that token holders have control over the Polkadot protocol through voting. It is also used to validate transactions through staking and to link Polkadot parachains (parallel blockchains).
If in doubt, call one of the administrators.
** Not an investment tip.
Ever seen a 🐳 w/ a POLKA #DOT tail? DOT/USD 12hr trade set up.
Looking to go long if price action confirms $6.80 as support (Entry option #1).
W/ a break down of $6.80 I will be looking to $6.44 to see if this level confirms as support (Entry option #2)
Most Alts pose a bit higher risk at the moment due to the possibility of Bitcoin breaking down while it flirts with 19.3-19.5k but they also pose a higher reward.
Entry 1: $6.80
Target 1: $7.90
Target 2: $8.60
Stop Loss: 4% below entry based on your own risk.
Entry 2: $6.44
Targets: Nothing changes
Stop Loss: 4% below entry based on your own risk.
Never trade with out a stop loss unless you want your swing trade to turn into a HODL position.
Should support break down and confirm, I will be looking for another Entry at #2.
DOT / USDT 4H CHART - targets and stoploss!Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 = $ 7.06
T2 = $ 7.24
T3 = $ 7.40
T4 = $ 7.55
and
T5 = $ 7.77
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6.76
SL2 = $ 6.62
SL3 = $ 6.44
SL4 = $ 6.28
and
SL5 = $ 6.13
Looking at the CHOP indicator, we can see that there is a lot of energy in the 4H range, while the MACD indicator indicates that we can enter a local upward trend.
DOT USD Bear M formation on 4 hours DOTUSD M Formation Short analysis
4 hour chart quite a large M formation since 18 August 2022...
On a larger POV it's formed a major Broadening pattern with a continuation in the process...
Target 1 = $5.76
We are still waiting for a break down but, the momentum is showing a promising crash...
RSI remains below 50 which is negative and bearish...
As I mentioned Altcoins are looking bearish and have been since August 2022...
Less investors are showing confidence and optimism for crypto based on the crypto winter, crashing of the larger coins and uncertainty with the general volatility and liquidity.
I'm bearish with Alt Coins in general on 4 hours...
Trade well, live free.
Timon
Founder, MATI Trader
Polkadot (DOT) - September 13Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(DOTUSDT 1W Chart)
A volume profile section is formed over the section 9.26-10.13.
The key is whether we can break through this section and move up to the 11.72-14.93 section.
(1D chart)
1st resistance: 9.26-10.13
2nd resistance: 11.72
Support: 7.16-7.74
It is necessary to check whether it can be supported and climbed in the 7.16-7.74 section.
If it doesn't, it could drop near 5.11, so be careful.
The 11.72-14.93 section is a trend-determining section and is an important support and resistance section.
Therefore, it is expected that the upward trend will continue only when it is supported and ascended in the 11.72-14.93 section.
The closer you get to the 11.72-14.93 section, the more you will feel like going up.
At this time, if you buy before the 11.72-14.93 rise or buy without confirming the support in the 11.72-14.93 range, you may end up buying at the high point, so you need to be careful.
------------------------------------------------------------ -----------------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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