DreamAnalysis | DOT Analysis: Key Triggers and Levels✨ Welcome to today’s analysis! In this post, I’ll be analyzing DOT for futures trading and sharing key triggers for this coin. The analysis is done on both the daily and 4-hour timeframes.
📅 Daily Timeframe Analysis
On the daily chart, after DOT reached the resistance at $11.396, the price reversed into a downtrend, forming three waves before hitting the support level at $4.003. Since breaking below $8.365, the SMA99 indicator has consistently acted as a strong resistance above the price.
📊 Currently, after months of consolidation between the $4.003 and $4.866 levels, and forming a range (box) between these two zones, we can expect a potential breakout to the upside due to the gradual increase in buying volume. The SMA99 is also approaching the price, and with the growing volume and compression within the range, there's a good chance the SMA99 could be broken as well. If the resistance at $4.866 breaks, the next resistance levels will be $5.636 and $6.415. Conversely, if the support at $4.003 is lost, the next support zone will be at $3.627.
📅 4-Hour Timeframe Analysis
On the 4-hour chart, DOT has been ranging for a while and is currently within an ascending channel. The price has bounced off both the top and bottom of the channel three times, showing strong reactions.
📈 For a long position, the trigger is a break above $4.572, but this is only valid if buying volume increases and the RSI is above the 50 line to confirm bullish momentum. The target for this long position is the top of the box, with the main trigger for a long being a break above $4.92.
📉 For a short position, the current trigger is a break below $4.18. However, if the price forms a new structure in the future, this trigger could shift higher. For now, the break of this level, which is just below the ascending channel, could be a good short trigger. The target for this short position is the bottom of the box, with the main short trigger being a break below $4.003.
🔼 By following these key levels and triggers, you can position yourself effectively in the futures market for DOT.
❌Disclaimer
This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
DOT
Polkadot: Low Set!After Polkadot showed its first signs of an uptrend last week, we now consider the green wave (ii) complete. The same-colored wave (iii) should push the price above the resistance at $4.92. However, if the price slips below the support level at $3.61 (35% probability), we would need to place the price in the magenta wave alt.(ii), anticipating a decline into the orange Target Zone between $2.98 and $1.67.
I Cannot Short This !!! situation+next targets.DOT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 6.80$ Stay tuned for more updates, thanks.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SasanSeifi| Will DOT Break Out Above $4.50?Hey there, ✌ By analysing the daily chart of BINANCE:DOTUSDT , we can see that the price has been in a downward trend for some time and is currently trading in a range around $4. The current key support level is at $4.
One scenario to consider in the daily timeframe is that if the price breaks the downtrend and stabilizes above $4.50, it could reach short-term targets around $5, as well as targets in the range of $5.80 and the supply zone at $6.
To better understand the future price movements, it’s essential to observe how the price reacts to these levels.
(For a continued bullish trend in the long term, breaking the significant supply area at $6 and stabilizing above it is crucial.) Conversely, if the price breaks below the $4 level and stabilizes after a range-bound period, the likelihood of further price corrections may increase.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
I Cannot Short This !!! situation+next targets.DOT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 6.80$ Stay tuned for more updates, thanks.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOTUSDT Mid term Road MapBINANCE:DOTUSDT
DOT is forming a falling wedge on Daily timeframe , Up we go if we do breakout.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
dot getting ready for solid bullish rally towards 12$seems like dot is finally ready for solid recovery in coming weeks after 6 months correction
formed falling wedge while printing massive bullish divergence expecting successful breakout soon incase of successful breakout expecting move towards 12$ in coming weeks
Alikze »» DOT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- It is moving in an ascending channel in the 8H time frame.
- It has been in demand recently after hitting the bottom of the channel again.
- According to the current form and structure, this upward movement can touch the targets specified in the chart with the support of the green box range.
- In the first step, the first target will be the middle of the 4.68 channel, after which it can continue its growth up to the first supply area.
- In addition, in the case of breaking and stabilizing above the middle of the channel, it will have the ability to grow up to the ceiling of the channel and the range of the second supply.
🛑 The most important resistance: ~ 4.68
💎 Alternative scenario: If the green box and the bottom of the channel are broken, the bullish scenario will be invalidated and the correction can continue until the origin of the movement.
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BINANCE:DOTUSDT
Polkadot: Gained Momentum!DOT initially slumped in the last seven days, but was able to recover fully. We now expect further advances to the upside. The green wave (iii) should ultimately stretch well above the resistance at $4.92. Afterward, we expect an interim correction before another rise completes the green wave 1. If, on the other hand, the coin slips below the support at $3.61, our alternative scenario (probability: 37%) will be activated. This wave count involves a setback into our orange Zone (between $2.98 and $1.67) during the magenta-colored wave alt.(ii).
#DOT/USDT#DOT
The price is moving within a descending channel pattern on the 12-hour frame and is expected to break upwards
We have a downtrend on the RSI indicator that has been broken upwards and we have a tendency to stabilize above it
We have a major support level in green at a price of 4.20
We have a tendency to stabilize above the moving average 100 which supports the rise
Entry price 4.67
First target 5.40
Second target 6.02
Third target 6.70
Is Polkadot going to make lower low?Yellow Line - BOS zone
White Line - Resistance of Bearflag pattern.
This is my idea on BINANCE:DOTUSDT and how it will go. We all know Dot is one of the top altcoins with huge potential. As you can see BINANCE:DOTUSDT is much likely to form a bearflag pattern before it goes up. If DOT ever reaches the 2.5-3 zone I would re-enter Long position again. You may think why 2.5-3 zone? isn't it going to make lower low? For me seeing a lower low is a confirmation that we are in a bearflag pattern and checking the bottom support line 3rd time is a huge confirmation to consider a Long Position. So time will tell!
DOT - Price hit accumulation zone #DOT/USDT #Analysis
Description
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+ DOT price has hit accumulation zone and currently trading inside the accumulation zone.
+ Price is expect to trade in this range for upcoming weeks.
+ A clear breakout from this accumulation zone is essential for the trend reversal.
+ A breakout from the accumulation zone will push the price higher eventually result in a bullish trend.
+ Let's wait for the breakout before entering the trade.
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Enhance, Trade, Grow
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VectorAlgo
DOT Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
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~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
DOT is under a symmetrical triangle pattern and within the accumulation range. Recently, the price reached the lower support of $3.590 and bounced back strongly.
In the long run, DOT looks bullish, and we are likely to see a decent rally once it breaks out above the resistance trendline.
Key levels:
- Accumulation/Support: $3.590 to CMP.
- Primary Resistance: $6.5.
- Long-term Target: 10x-15x gain.
- Invalidation: A weekly close below the $3.590 support level.
DYOR. NFA.
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Polkadot 2.0- So i predicted many times that 4.30$ was the bottom.
- And i was wrong, Polkadot is still young.
- Trading Altcoins is like that, it's really hard to predict a perfect bottom with a new project.
- it's much more easy with BTC because TheKing volumes are high and it stays around from many years already.
- Remember that Trading is trying to predict the future by looking at the past, more you have data from past, more the job is easier.
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- A bit FA here :
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- Polkadot did the same as Cardano's first bullrun, it went back to the start.
( i will post a Cardano Charts in comments )
- Actually it's not a sign of weakness, but an opportunity.
- Polkadot didn't make noise just because they want to build steady following some SEC rules.
- Now if you follow the news, you can find that Cardano, Polygon and Near Protocol are building on Polkadot's SDK, DYOR it more to get some more informations.
- With time Polkadot could be the mother of all blockchains connections and interoperability.
- Remember what they had to do with ETH when problems came around, they forked it for ETC ( Ethereum Classic ).
- Polkadot doesn't need any FORKs, everything can be changed by votes in the governance.
- The difference between DOT and ETH is very simple.
- Polkadot is scalable, Ethereum is not.
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- Trading Parts :
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- So Right now look at the graphic.
- DOT made a bottom around 3.60$. The exact same bottom it did in 2020.
- DOT is actually staying near a demand zone (6$).
- i do not recommend to buy now but wait for a retracement or a breakout from this area.
- To get peace of mind i would buy DOT after 8$, after that zone, it's a free fly!
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My predictions on DOT for the next bullrun are unchanged :
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- Security TP : 85$ ish
- Middle TP : 140$ ish
- Max ATH : 220$ ish
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- if you missed to become a Whale with ETH in 2016.
- Here yours second chance with Polkadot.
- Stay S4fe
Happy Tr4Ding !
DOTUSDT Long Trade Setup✉️ Pair: DOTUSDT
📈 Direction: Long
💯 Leverage: Cross 5x-10x-20x
📊 Entry: $6.00
✅ Target 1: $6.215
✅ Target 2: $6.534
✅ Target 3: $7.12
✅ Target 4: 🚀🚀🚀
⛔️ Stop Loss: $5.00
Wave (3) should start from here; otherwise, the larger wave (2) is likely to be extended, with support at $5.24.
Manage your risk – never trade more than 1% of your capital on a single trade.
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Will PolkaDot DOT reach the sky this bullrun?Hello, Skyrexians!
Despite the Bitcoin price fast recovery after correction, altcoins remain dead and we understand that it's really annoying for most of market participants. Most of traders now in huge loss after -60% dump for entire crypto market since March 2024. But crypto trading is very risky to experience it without proficiency in different crypto trading strategies. This time even top crypto bot trading strategies and the best crypto traders failed. Nobody has been waiting for such a big crash. Analyzing ideas of top crypto traders on TradingView we can see that most of them are still bullish. For sure it does not mean that market will definitely do down, but if when it start bouncing they remain bullish mood it's gonna be dangerous signal and different trading tools such as automated trading bots, grid trading bot and other algorithmic trading bots can face with a huge loss again. In our opinion only ai crypto trading bot can overcome this problem because of using non linear approach.
In today's article we are going to share with you our analysis on BINANCE:DOTUSDT to help you setup your crypto trading bot algorithm or trade manually. Hope it will help to avoid mistakes and decrease potential losses. Let's get started!
DOT macro overview
History of this crypto asset has enough bars to make a complex analysis. This fundamentally strong L0 project has been listed in 2020 just before the massive bull run. The previous bull run wave the largest degree wave 1. After that we saw the first sell off. Some traders may tell that it's wave 4, but we counted it as wave A inside the larger wave 2. Wave B set up the bull trap and printed the irregular correction and after that the wave C has started.
In our opinion this wave C inside 2 has been finished in October 2023 with the massive reversal bar at the bottom. This is the strongest signal of trend end. Now the new impulsive wave 3 has been started. We want you to pay attention to the fact that DOT is the uptrend asset, price has not hit the previous bull run start and it's the great sign that in this cycle it has a great chances to set new ATH.
Talking about potential targets we can use our favorite Fibonacci extension. The most conservative target is $51 (almost at the ATH), the likely one is $79 and unbelievable is $119. We expect the reaching at least the first target in $2024-$2025.