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DOT

Dot Trend Depending on the Bitcoin movement, as in other sub-coins, seems to have completed a harmonic pattern and consolidated in the monthly period. When we look at the supply zones, I can say that when the upward trend starts in the monthly period, the first sales reaction is expected at $ 13 levels. When there is a pullback and a downward breakout, when we measure the fibonacci channel as a guide, $6 is seen as major support. I think a harmonic pattern is formed in the weekly period. This can be in a fractal pattern. There is also the possibility that the main pattern is a fractal that forms the A leg. In this case, fibonacci 1.13 and 1.618 are the levels we should pay attention to. Even if you do not understand technical analysis, be sure to consider the previous accumulation regions in your investments. Because what we call support or resistance are actually commercial psychological reactions that correspond to these supply zones. Then, respectively, the 2.618 and 3.618 fibonacci levels of the harmonic pattern in question again correspond to the supply zones of the past periods. When we look at the indicator data, I think that the cmf gives an angular negative signal. This could mean that there may be a pullback in prices. When we examine it through Aroon, I believe that there are undecided buyers and sellers. I see that there is no competition between the buyer and the seller. Aroon Up and Down are moving at a downward angle. Although Adx shows that the downtrend is weakening, I don't think there is a signal that a new trend has started yet or that the downtrend is over... In the daily period, if I am not mistaken, we see the Head and shoulders formation. According to this pattern, if there is a pullback in prices, it may suggest that the price will fall to 5.70. You should also consider this possibility as the price level it points to is also compatible with the previous supply zone. Note: this is not investment advice.
by CryptoBrainn
#Polkadot is Free Falling, DOT May Collapse to $6Past Performance of Polkadot Polkadot bears are relentless at spot rates, per the formation in the daily chart. After a brief consolidation, DOT prices are down double digits in the last trading month, dropping nine percent on the previous trading day alone. As per the DOT candlestick arrangement, traders should look to align with the primary trend by unloading on dips below $8 and the middle BB. #Polkadot Technical Analysis Currently, sellers are firmly in control. After the DOT price consolidated in the first week of September, even printing encouraging higher highs, the coin is now recoiling from the middle BB and August 26 highs at around $8. Technically, bears are in control. DOT is under pressure from an effort versus result analysis since buyers didn't break above the middle BB or reverse losses of August 26 or 19. With the trend defined and the coin within a bear breakout formation, the immediate target is at $6, marking July 2022 lows. What to Expect from #DOT? Even though buyers are upbeat and confident that DOT's bottoms may be in, the liquidation wave appears too strong for bulls. Sellers are in a commanding position, reading from the formation in the daily chart. If DOT fails to hold prices above $6, the coin may slide to new 2022 lows. Resistance level to watch out for: $8 Support level to watch out for: $6 [ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Polkadot DOT: Not Looking GoodHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Polkadot (DOTUSD). The chart is self-explanatory. With the crypto market going through a correction, Polkadot may still have downside to go. See where I believe there may be strong support and possible bottom. Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:DOTUSD
by MillionaireEconomics
2
Polkadot: Pushing for $8.8 according to this pattern.Hello all, and thanks for supporting my channel. Looking at DOTUSD on the daily timeframe, we see a formation of a falling wedge pattern which has a bullish price target at $8.90. This price also corresponds with the 78% fibonacci retracement level and is also the top of the weekly candle formation. On the daily timeframe we are also trading inside the ascending channel which has support level sitting at $7 and resistance level at $10. For this channel, the Fixed Range Volume Profile provides a point of control at around $7.85 which is also the 50% Fibonacci retracement level. On the 4hr timeframe, DOT broke bullish out of the $7.50 price, and is currently retesting this price for support. As such, if the price of DOT can clear the $8 mark, we can retest the top of the channel at $10. This is approximately 30% move to the upside from the current point. Thanks for reading, and stay tuned. Enjoy.
BINANCE:DOTUSD
by EdgarTigranyan
1
POLKADOT IS IN ACCUMULATION ZONEPolkadot seems to be in the demand zone($6.24 - 3.90) on the weekly time frame forming equal highs/lows. This possibly signifies an accumulation of orders at this zone before an explosive move towards the weekly supply zone of - $15.34- 23.78 region. This zone also coincides with the golden ration in the Fib retracement, which adds to our confluence.The RSI also seems to have stopped forming lower lows and looks like its displaying a potential reversal/bullish divergence in play. If this move plays out(dependant on Bitcoin) we could see a sharp sell off once it reaches the supply zone. If you are accumulating #Dot in these regions make sure to take some profit at this key level.
BINANCE:DOTUSD
by CryptoBlanco
DOT/ BTC Main trendMain trend. Logarithmic graph. Timeframe 1 week. A huge harmonious pattern is formed, with impressive target. Very relevant work on this pair will be in the first place when bitcoin is “bad”. The % growth / fall of the price in the event of the development of certain price movements (breakthrough / no breakthrough, fixing / not fixing) relative to key levels and zones is shown on the chart. The same indicators on a line chart. Secondary trend DOT/BTC Secondary Trend
by SpartaBTC
16
Polkadot (DOT) - August 31Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) Whether or not it can move higher than 11.72 is crucial. (1D chart) The key is whether it can be supported by rising to the 7.16-7.74 section. If it falls below 6.85, it could fall near 5.11, 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.) ---------------------------------
by readCrypto
Polkadot: overview for August 23The support level was broken on the Daily timeframe on August 19 breaking through $7.68, and the trend is bearis h now. The market has been in the correction wave for the last several days. A pullback selling opportunity will appear after the correction is finished and a bearish candle is formed on the Daily timeframe. If the downward movement continues, then the price can move towards target #1 . It is the support level formed on July 25 – 27. Its borders are $6.71 – $6.52. If the new support is formed in the coming days, it will be the first target. Short positions will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of August 10 – 15.
Short
by JIexa1701