DOT's last bottom before the new ATHCRYPTOCAP:DOT will be ready to target a new ATH from the $4.90 : $4.25 range in my opinion.
DOT
DOT - at the beginning of the returnIt seems that Polkadot, the DOT, has made a harmonic pattern. And the downtrend line has broke due to the uptrend wave started by the BTC.
However, be careful since there probably be a retest or pullback down to shake some of the buyers.
DOT/USDTHello everyone, welcome to a quick review of the DOT chart. As we can see on the chart, we are locally moving along a downward trend line. After unfolding the fib retracement grid, you can see the price staying above the strong support level at $7.04, then the support level at $6.73, and then the strong support level at $6.44. Looking the other way, you can similarly identify resistance points. And here we can see the resistance at the level of $7.17, the next important place is $7.40, after which we will be able to see an upward movement towards the resistance at the price of $7.77.
Polkadot (DOT) Daily Chart AnalysisCurrent Situation:
A detailed examination of Polkadot’s (DOT) daily chart reveals a bearish sentiment. The price faced rejection after a period of sideways movement around the critical $7.5 resistance level and the significant 200-day moving average.
Bearish Indicators:
Resistance Rejection: The price was rejected at the $7.5 resistance level, reinforced by the 200-day moving average.
Seller Dominance: Sellers are currently dominating the market, suggesting a bearish retracement towards the $6.5 threshold is increasingly likely.
Key Support and Resistance Levels:
Resistance Level: $7.5
Support Level: $6.5
Market Context:
Despite the bearish sentiment, Polkadot remains confined within a decisive range marked by the $7.5 resistance and $6.5 support. A breakout from this range will likely establish the direction for a sustained trend.
Trade Strategy:
For Bears: Watch for a break below the $6.5 support level for potential short opportunities, targeting lower levels.
For Bulls: A break above the $7.5 resistance could signal bullish momentum, providing opportunities for long trades.
Stay vigilant for a decisive breakout from this range to gauge the next sustained trend direction for Polkadot.
#Crypto #Polkadot #DOT #MarketAnalysis #SupportAndResistance #BearishTrend #200DMA #TradingStrategy #Cryptocurrency #Blockchain
Polkadot: Is it time to buy?DOT is trading almost 87% lower than its previous ATH and is now about to hit its bottom support again, IMO. The $4.75 level is my buy zone for DOT, with a target of $14 for the midterm and an optimistic target of $128 for the long term in case of a super bullish market.
DOT is bullishWe have a bullish CH on the chart and we have higher highs and higher lows.
By maintaining the demand area, it is expected to move towards supply
The targets are clear on the chart
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
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#DOT_#CRYPTO_#BEARISH_ShortScript still not gettng momentum after continually trading inside the parallel channel, it finally break down and printed new lower lows. Still the momentum is week and looks like it will soon test the levels marked on the chart.
#DYOR (Do your own research)
Important points: 6.684, 8.144, 10.611Hello traders!
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(DOTUSDT 1M chart)
The key is whether it can rise above 9.262 and receive support.
(1W chart)
It is expected to rise above 10.373 to escape the bottom section.
To do so, the key is whether the price can be maintained by rising above the HA-High indicator (8.144) on the 1W chart.
The full-fledged upward trend is expected to begin when the price rises above 19.370, which is the volume profile section.
(1D chart)
The M-Signal indicator on the 1W and 1M charts is passing through the 7.319-8.144 section.
Therefore, it is highly likely that an upward trend will begin if the price is maintained above 8.144.
If not, and it falls, you should check for support around the HA-Low indicator (6.684) on the 1D chart.
From the current price position, the HA-High indicator on the 1D chart is formed at the 10.611 point, so it is expected that the full-fledged upward trend will begin only when it rises above this point.
Therefore, the critical points are 6.684, 8.144, and 10.611.
You can proceed with your trade depending on whether there is support at these three important points.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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Polkadot (DOT) Trade Analysis and StrategyPolkadot (DOT) has encountered difficulties in reclaiming the critical $7.5 resistance region, which aligns with the 200-day moving average at $7.4. The current bullish momentum appears insufficient, suggesting a possible short-term consolidation near this pivotal level. A detailed examination of Polkadot’s daily chart reveals that after a resurgence of demand near the $6.5 support level, the asset experienced a bullish surge. This movement brought DOT to a critical resistance zone defined by the 200-day moving average and the static level at $7.5.
Breaking out from this key price range could attract more demand, leading to a sustained bullish movement. However, the current price action around the $7.5 mark indicates fading bullish momentum. Buyers are facing significant challenges pushing the price beyond this resistance. Therefore, a sideways consolidation or slight rejections are likely before the next decisive move.
In this scenario, the $6.4 level will be the primary support in the mid-term. Should DOT retrace to this level, it will be crucial to observe the market's response. A strong rebound from this support could renew bullish efforts to break the $7.5 resistance. Conversely, a failure to hold the $6.4 support could lead to further declines, necessitating a reassessment of the asset's short-term outlook. As the market navigates this critical juncture, traders should monitor these levels closely and adjust their strategies accordingly.
POLKADOT Are you ready to move 30% ?Polkadot: Coiling for a Breakout?
Polkadot, the interoperable blockchain platform, has been exhibiting a relatively slow and steady price movement in recent weeks. This methodical approach, however, could be laying the groundwork for a significant breakout.
Price Action and Support Levels
After forming a well-defined box pattern, Polkadot has established an ascending trendline that is currently acting as support. This consolidation phase has allowed the bulls to gather strength and prepare for a potential surge.
The key resistance level to watch is $7.6. A decisive break above this level could trigger a rapid upward movement, potentially pushing Polkadot towards its first target of $8.7.
Bullish Momentum and Potential Targets
The recent break of the downtrend line and positive technical indicators indicate that Polkadot is ready to break. The bullish momentum could further accelerate if the price manages to hold above the $7.6 support level.
With the downward trendline out of the way, a $10 target is not out of the realm of possibility. This ambitious target could be achieved if Polkadot continues to demonstrate strong buying pressure and positive market sentiment.
Potential Pullback and Overall Outlook
While the bullish outlook is promising, it's important to acknowledge the possibility of a pullback to the $7.6 support area before the continuation of the upward trend. Such a pullback would be a healthy retracement and could provide an opportunity for new buyers to enter the market.
Overall, the technical analysis suggests that Polkadot is in a favorable position for a breakout. The price action, support levels, and technical indicators all align with a bullish scenario. However, as with any investment, it's crucial to exercise caution and conduct thorough research before making any trading decisions.
DOT/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price is moving in the upward trend channel, at its upper limit.
Let's start by determining the support and as you can see, the first support in the near future is $7.31, if the support is broken, the zone from $7.07 to $6.89 is visible, then we can go down to the level of $6.67 and then in In the event of a bottom exit from the upward channel, the drop may result in a price around $6.
Now let's move on to the resistance line, as you can see the first resistance is $7.39, if it manages to break it, the price will have to break the resistance zone from $7.68 to $7.89 and then it will move towards the resistance at the price of 8.17 $.
Looking at the EMA Cross 20 and 50, they indicate the return of the yellow line above the blue, which indicates a change to an uptrend. However, here it is worth paying attention to the RSI indicator, which shows how we are approaching the downward trend line, and in addition, on the STOCH indicator we are at the upper limit, which may translate into a change in direction.
DOT READY TO BOOM AFTER A PULLBACK!!
#Polkadot it failing to flip the local resistance into support. We have a monthly POC and the 0.618 fib level below to hold as support. If we can get a bounce there, I would expect PA to push higher to try and flip the blue box into support next!
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PolkaDOTDOT seems to be finalizing it's wave (2) of the alleged main motive wave that was started back in Oct2023.
I expect one last dip before the impulsive wave (3) starts.
Getting in the green area would be a good buying opportunity in my opinion.
The best stoploss would be under Oct2023 bottom but breaking the red line seems like a good close stop-loss.
passing the green line without dropping first invalidates my view.
DOT ANALYSIS (6H)From where I inserted "Start" on the chart, it seems that the price entered a correction.
This correction is a triangle or a more complex pattern (diametric or symmetrical).
From the green area, it can move towards the targets.
Closing a daily candle below the invalidation level will invalidate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$DOT weakening structure#polkadot #dot price chart is exhausted after the relief rally, needs some correction in MID TERM, not short term. Not financial advice.
DOTUSD 1WDOT ~ 1W
#DOT We hope that this Support Block will be retested again. And we wouldn't hesitate to place a sizable purchase here. with a long-term target of at least 25%+
polkadotdot Technival analysis basically on elliott waves Principles
dot can be make a new high and i guess it can be 44$
wait and watch
Polkadot: Test of Strength 💪DOT experienced a decline last week. However, we consider this to be primarily part of the internal substructure of the orange wave (iii), which should extend well above the resistance at $8.50. In the short term, further setbacks to our orange Target Zone (between $4.85 and $6.58) are theoretically possible, which is why we are keeping this range active.
DOT Intraday Buzz: Dive into Profit Potential Now!The chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
Find more in the signature!
DOT is likely to head towards monthly resistance around 20The price has been consolidating on the weekly and monthly support WS1+MS1 area for quite some time and looks like ready to take off from here. I think the path is clear to travel from here up to monthly resistance around 20.
DOT/USDT descending channel what next?👀🚀DOT analysis💎 Paradisers, #DOTUSDT is currently nicely tracking a channel trajectory. Will this lead to a swift continuation of the prevailing downtrend, or are we entering a period of uncertainty for sellers? Let’s explore what’s likely to happen next.
💎 It's important to highlight that #DOT has broken below both the downtrend trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This bearish behavior indicates that bears are firmly in control, suggesting a likely continuation of the downtrend.
💎 Currently, #POLKADOT is positioned near a channel resistance that might attract potential sellers. Yet, we must be wary of potential price spikes upward, often seen as "stop-loss hunting" events. Such movements can introduce temporary volatility and challenge the prevailing bearish sentiment.
💎 However, as long as #DOT remains under the crucial supply zone level of $7.531, the scales are tipped in favor of a continued bearish trend. Should the price break above this supply level, then a bullish shift might be on the horizon. Staying vigilant and trading wisely is essential for success in these market conditions.
MyCryptoParadise
iFeel the success🌴
Ditch These ALTCOINS that are UNDER PERFORMING💀Some altcoins have stayed behind during the most recent BTC surge. These include :
👎 DOT
👎 XRP
👎 ADA
👎 UNI
👎 HBAR
👎 CRV
👎 ALGO
Overlay any of these with the BTC chart, and you get something similar to this.
Now compare it to the PREVIOUS BTC all time high.
I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins that can be tradable and profitable in fairly short periods of time. Holding on to an alt that doesn't move for months (only to increase 15%) is a bad strategy.
It would have been more profitable to take the loss and trade another coin with 50%+ increase, such as ETH, SOL, DOGE, NEAR etc. to name a few examples.
Ditch them and focus instead on coins with more volatility - You can't be holding through an entire new BTC high and the alt has barely broken out of accumulation - this simply won't do, because there are many other trading opportunities where you can make bigger gains and better profits just because they actually move.
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BINANCE:BTCUSDT BINANCE:XRPUSDT BINANCE:ADAUSDT BINANCE:DOTUSDT BINANCE:CRVUSDT
