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DOT

DOT/USDT - Potential Short ScenarioHello Traders! DOT is moving in a downtrend, developing a falling phase. We can expect a new consolidation in the buyers' area of interest at $3.90 - $5.40. It is possible to make medium-term purchases of the asset after the culmination of the sales. It is better to accumulate a position near the support level of $3.90 in the range of $3.90 - $4.60 It will be possible to continue to hold the position with the aim of fixing profits near the price level of $8.25 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Short
by UnknownUnicorn10064030
1
DOT - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart DOT is overall bearish however it is currently sitting around a strong demand zone 5.0 - 7.0 so we will be "looking" for buy setups on lower timeframes. H4: Right Chart DOT is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form "and then" buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, DOT can still trade lower inside the demand zone or even break it downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
22
Does DOT change the direction of the trend?Hello everyone, let's take a look at the DOT to USDT chart on the 1 day timeframe. As you can see, the price is moving in the downtrend channel. Let's start with the line of support and as you can see we are in the support zone from $ 11.36 to $ 8.07, then the first support in the near future is $ 7.43, if the support breaks, the next one is $ 4.6. Now let's move from the resistance line, as you can see the first resistance is $ 11.24, if you can break it the next resistance will be $ 13.68 and $ 15.63 plus $ 17.59. Looking at the CHOP indicator we can see that the energy has been used on the 1 day interval, looking at the MACD indicator we can see that the blue line has crossed the red one from the bottom, which may confirm an uptrend.
by cryptodailyuk
2
DOT expected path for the upcoming weeks- follow me for more ❤️hey, i am merna, a middle-eastern analyst, follow me for more ideas and quotes on twitter! luv ya ❤️ I have drawn a triangle, the sides of the triangle act as S/R levels; if price under it, its resistance, if price is above it its support. Price have approached good support level. If price breaks the triangle UP, then we are targeting R and R2 most likely. S = support R = resistance R2 = 2nd resistance acc = where most of the big players entered long positions , when price approaches these levels they will defend their positions hard. AH = all-time high AL = all-time low
Long
by crypto_sucker19
Will DOT handle the first target?Hello everyone, let's take a look at the DOT to USDT chart over the 1 hour timeframe. As you can see, the price broke above the local downtrend line. It is worth starting with determining the stop loss that we should take into account in the coming hours. As you can see, we chose 3 stop loss: SL1 - $ 10.75, SL2 - $ 10.09, SL3 - $ 9.54. Now let's move on to determining the targets that the price has in front of it and as you can see, the first one is at T1 - $ 11.34 with which the price is currently fighting, the next one is at T2 - $ 12.46. Looking at the CHOP indicator we can see that in the 1 hour interval some energy has been used up, but we have a little bit to continue the movement. On the other hand, the MACD indicator shows an upward trend.
by cryptodailyuk
SCENARIO 2 FOR A POLKADOT BOTTOMPls visit our last Polkadot analysis for better context. As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction. Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat correction for wave 2, comprising of a large ABC correction with the C wave being a 5 way impulse move marking a 100% retracement of our Wave AB and aligns perfectly with the downward trend channel price seems to have created. Make sure to apply proper risk management. Goodluck
by RektMyMom
BTC range retest. Consolidation is key.While most traders are warning of bear markets and crypto collapse, it is time for us to zoom out just a little bit. Bitcoin has been trading in a "range" for the best 2 years, and i think this fall will be much less severe than we think it is. My most likely scenario would be a wick under the previous supports, as to grab untouched liquidity from the lower levels, and maybe even fill the cma gap at 24k. THIS IS MIGHT BE OUR TIME TO BUY. 24K/28K IS GOLDEN AREA. If we are still trading in the range, a bounce should be expected with a long consolidation back to 35k levels. If we are no longer in a range, keep your stop losses tight and your risk management in order.
by nicolapolitopoulos
8