#DOT/USDT#DOT
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 5.50
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount
Entry price is 5.80
First target 6.64
Second goal 7.42
Third goal 8.32
DOT
DOTUSD Is Approaching An Important Resistance!!!Hey Traders, in today's trading session we are monitoring DOTUSD for a selling opportunity around 6.40 zone, DOT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 6.40 support and resistance area.
Trade safe, Joe.
DOT DOT DOT DO YOU LIKE DOT?After a nice reaction from the Value Area low, we are trading at the POC.
The areas I would look for a long would be a supply/demand flip of the POC targeting the Value Area High & Range High, or a retest of the Value Area Low After a sweep of the lows.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
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Alikze »» DOT | 61.8 Fibo retest scenarioAccording to the long-term analysis, the DOT currency is moving in the 1W time frame, which, as mentioned in the updated micro-waves of the previous post, completed a complete cycle in accordance with the path in the range of 11.92.
💎 First scenario: due to the recent three-wave correction and support in an important PRZ area, an upward corrective movement is currently underway, which is currently stopped at the 0.618 area. Therefore, if this X wave is not upward and after the completion of the correction log until the liquidity zone or PRZ leads to the failure of the zone and the daily candle is closed above it, it can continue the movement until the specified resistance PRZ zone. to give
💎 Second scenario: If the support PRZ area is broken, this can lead to a continuing corrective lag and a combined correction and correct the whole wave up to 0.23.
If the behavior and structure of the post changes, it will be updated.
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DOTUSDT Poised for Major Bullish Breakout or Risk of Decline!Yello, Paradisers! Have you been tracking #DOTUSDT lately? It's showing some strong signals that could lead to a major bullish continuation from support. Let's dive into the details!
💎After a careful analysis of #DOT price action, we've observed a promising pattern. For a long time, CRYPTOCAP:DOT has been adhering to a descending trendline. Recently, it has successfully retested this descending resistance, assessing key resistance at $6.576, indicating a potential bullish move. If #POLKADOT breaks above the $6.576 resistance and sustains its momentum, we could see a significant bullish continuation.
💎However, due to previous strong bearish pressure, there's an imbalance in the price. It's likely that the price might revisit this level to fill the imbalance. If CRYPTOCAP:DOT fails to initiate an upward movement from the retest level, we should look for a bullish rebound from the lower support at $5.403. On the flip side, if the price breaks below the $5.403 support, this could invalidate the bullish setup and lead to further declines.
Stay sharp and trade smart, Paradisers! Stay disciplined and focused on your trading strategy.
MyCryptoParadise
iFeel the success🌴
DOT's next move.CRYPTOCAP:DOT
I see a bullish divergence on the daily chart at an important support level, and people are freaking out about how they spend money :)
Sorry, but I trust what I see on the charts.
The only invalidation point is $4.50.
If you are still here, here are more of my thoughts...
So what if #DOT paid big influencers to promote their project? Every project does that; it's their marketing strategy. It's good that they are investing in marketing because, in the crypto world, the cycle moves really fast, and to keep up, you need to spend on marketing.
Many projects, including some of your favorites right now, have paid influencers. It's like the death toll shown on your screen daily during the COVID-19 pandemic, which made you worry every day. But in reality, the death toll was almost the same before COVID-19; it was just shown to you daily.
You never know how much #ADA paid influencers. Disliking the idea of paying for and buying inorganic distribution is misguided.
DOT/USDT: Potential Breakout from Falling Wedge?Hey everyone!
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DOT/USDT looks good in the daily time frame. Forming a falling wedge-like structure here and trying to break it out. A successful breakout will take the price to bear ATH. Buy some here and add more in the dip.
Entry zone:- $6.04-$6.48
Targets:- $7.4/$8.8/$10.5
SL:- $5.7
What are your thoughts on DOT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
POLKADOT ... ready for next movehello dear traders and investors
this price action for polkadot with usdt pair … this is very strong supourt zone on the 5.28 $ … after price rejected from 6$
In order for the price to rise further, it needed liquidity, and when it reached the $5.3 area, it took that liquidity and now it is ready to rise...
this is lower time frame The price forming a bullish patern :
In my opinion, the next price station is (13.58 ) the prz area of the harmonic pattern that you can see in the chart...
good luck
There is a high likelihood of continuing to fall!!!KUCOIN:DOTUSDT is forming a descending channel on weekly timeframe.
Looking for a move upside if we do break out and confirm the pattern.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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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/USDT Price Update in Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
#DOTUSDT is currently trading within a well-defined descending triangle pattern with strong support around the $5.5-$6 range.
~ Support Zone: A strong support zone exists between $5.5 and $6, highlighted in green. This area has historically acted as a significant support level, preventing further downward movement.
~ Resistance Levels: The primary resistance levels to watch are $7.6 and the major resistance at $11.58, which aligns with the peak levels from early 2024.
~ Relative Strength Index (RSI): The RSI indicator at the bottom of the chart shows a bullish divergence, with the RSI making higher lows while the price makes lower lows. This divergence often precedes a potential bullish reversal.
If DOT/USDT breaks above the descending triangle, the 100EMA, and the primary resistance levels, the measured move target from the breakout point suggests a potential rally up to approximately $12.
The invalidation point will be a breakdown and close below the $5.5 support level.
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Polkadot (DOT): Setting Up for a Bullish ReversalBINANCE:DOTUSD has recently breached the $6 level, forming a bullish divergence, as indicated by the vertical lines on the chart. The exit from the 3.618 Fibonacci time zone should ideally mark the end of Wave 2, though the exact completion of Wave 2 may lie slightly outside this range. It appears that Polkadot has completed its accumulation phase and is now entering the manipulation phase, with potential for expansion to follow.
Given the current situation, we are planning to place an entry at $4.85, with a stop-loss set just below the 100% Fibonacci retracement to protect against a Wave 2 invalidation. Our initial target is $9.30, aligning with the Daily Fair-Value Gap. This strategy aims to capture the potential upward movement as Polkadot transitions from accumulation to expansion.
Yearly VWAP Analysis:
Polkadot is currently holding the 2021 VWAP level perfectly. However, if this level is lost, the price could move down towards the 2021 VAL (Volume Area Low) at $4.55, which might provide significant support. To resume a bullish trend, Polkadot needs to reclaim the 2021 VAH (Volume Area High) at $6.80. Overcoming this level is essential for a sustained bullish move. If these levels are breached, a drop to the 2021 VAL at $4.55 is possible, where we might find strong support. Overcoming the yearly VWAP resistance is crucial for a bullish continuation.
Monthly VWAP Analysis:
Polkadot has lost the April VAL (Volume Area Low) and recently touched the November 2023 VWAP. Holding the November 2023 VWAP is crucial to maintaining a bullish stance, although there is potential for further downside. We anticipate a possible drop to retest the November 2023 VWAP and VAL levels to gather momentum for a bullish reversal. To turn bullish again, Polkadot needs to reclaim the current month's April VAL and VWAP levels, suggesting a stronger bullish outlook.
Conclusion:
If Polkadot fails to hold the November 2023 VWAP, we expect a move towards $4.82. For a bullish reversal, reclaiming the April VAL and current monthly VWAP levels is essential. Until these levels are reclaimed, we remain cautious and anticipate further downside. Our trading strategy involves entering at $4.85, with a stop-loss at $3.55. The take-profit targets are set at $7.76, $9.50, and open for further potential gains.
DOT Coin at Strong Support Potential for 24x Gains in Alt SeasonDOT Coin is currently positioned at a robust support level between $5.1 and $5.4, indicating a significant opportunity for a substantial gain during the upcoming altcoin season. Historically, these support levels have proven to be a launchpad for impressive bullish movements, suggesting that now is an ideal time to consider an investment in DOT Coin.
As we anticipate the altcoin season, the potential targets for DOT Coin are particularly promising. Based on historical data, the minimum target for DOT Coin during a bull run is $122, with a maximum target reaching up to $138. These targets highlight the considerable upside potential for DOT Coin, making it a compelling choice for traders looking to capitalize on the altcoin market.
In conclusion, DOT Coin’s current position and historical performance make it a strong candidate for substantial gains. With solid support levels and ambitious targets, DOT Coin is well-positioned to thrive in the upcoming altcoin season. Traders should consider this opportunity to potentially maximize their returns as the market conditions align favorably for DOT Coin.
Polkadot (DOT) Faces Increased Selling MomentumCritical Support Breach:
The daily chart shows a significant increase in selling momentum, driving Polkadot’s price below the critical $6 support level and out of a multi-month triangle pattern. This breach has triggered a substantial long liquidation event.
Downtrend Indication:
The price displays no signs of recovery on the daily timeframe, indicating the possibility of a continued downtrend.
Temporary Pullback Potential:
A slight and temporary pullback to the broken $6 threshold could occur, confirming the breakout and solidifying the bearish scenario.
Key Levels to Watch:
Primary Target: The substantial support region at $5.
Resistance: The significant resistance at $6.
Market Volatility:
Traders should exercise caution as the market may experience heightened volatility and notable fluctuations in the short term.
Stay alert and manage your positions wisely during this volatile period! ⚠️📉
#Polkadot #DOT #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #Bearish #Volatility
Polka(DOT). Will it Survive?DOT is a long way from its high of $55, back in 2021. And now, currently, price has been struggling to push higher. With the thought the BTC ETFs being a game changer along with the BTC halving, there was the anticipation that Crypto would sky rocket. But this hasn't been the case. With all other coins getting hit by the current environment Crypto is facing, it stands that DOT is no exception. On the daily chart, DOT price is showing a head and shoulders pattern that could spell a push lower to the $5 lvl and maybe even to the $3.50. Since the FED interest rates seem to be the catalyst for the direction of crypto price so far, any data pointing at FED officials wanting to hold rates for longer (being hawkish) will continue to put pressure on Crypto's price.
Well with this said, how is Polkadot going to survive? There is things going for it that can get it through this rough patch:
-There are around 66 interoperability Cryptos and in that sector, DOT is the #1 coin, followed by Chainlink(LINK) and Cosmos(ATOM). DOT boasts close to a $8.5 billion market cap and LINK close to a $8.4 billion market cap (not too far behind), respectively.
-Amongst all the other Cryptos out there, it sits at #14 out of 10,127.
-Staking is currently at 11.78%, which has risen from 2023 when staking was around 9%, which if held for a year would be more then what some hedge funds can make. So not too bad.
-While not as much PR as some of the more prominent coins out there, it does have PR coming out which shows that it is still relevant
What do I think? I think DOT will survive and will likely drop which would be a buying opportunity. The Crypto Market as a whole is taking a drip (sitting at around 2.37 trillion currently, hitting a high this year in March of around 2.64 Trillion, and all time high of around 2.8 trillion back in 2021) and if price does continue to drop, it may test the support around 2.33 trillion. But majority of cryptos are taking a hit and as catalyst start popping up in favor of crypto, it is likely that DOT will join in this.
Support around 6.684 is the keyHello, traders.
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Unlike the SOLUSDT chart, the DOTUSDT chart is in a reverse arrangement, that is, a downward trend, with the M-Signal of the 1D chart < M-Signal of the 1W chart < M-Signal of the 1M chart.
When trading stocks (coins, tokens) that show this kind of movement, it is recommended to trade in short bursts.
Currently, the BW indicator of the TS - BW indicator is forming a horizontal line at the lowest point, and StochRSI > StochRSI EMA.
And, depending on whether there is support near HA-Low (6.684) on the 1D chart, you can trade.
Therefore, it can be seen that it is in a position where you can trade before the SOLUSDT chart.
However, as I mentioned above, since the price is below the M-Signal indicator on the 1D chart, it is recommended to check whether it breaks through upward and maintains the price.
Accordingly, I think it is more stable to check whether there is support near 7.283 in the box section of the HA-Low indicator on the 1D chart (6.053-7.283) and trade to make a purchase.
Since it has not been long since it turned into a downtrend, if it rises above the HA-High indicator (8.144) on the 1W chart, there is a possibility that it will show a movement to turn into an uptrend, so whether there is support near the HA-Low indicator on the current 1D chart is an important key point.
If it falls below 6.343, you should check for support near the 5.473-5.929 range.
If it rises above 7.319,
1st: 8.144-8.620
2nd: 10.131-10.611
You should check for support near the 1st and 2nd ranges above.
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The range expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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DOT is approaching a potential rebound zoneHello everyone, I invite you to review the chart of DOT in pair with USDT, looking at the one-month interval. We can start by identifying the main downtrend line that the price is currently below. Going further, you can see that we are approaching a very important support zone marked with a red rectangle. In this situation, it will be important to maintain the price in this zone, because it may be a good place for accumulation and a change of direction. However, looking the other way, we can identify four places of resistance that the price will have to face before it moves towards a new high.
Polcadot DOT price chooses the path to the end of the yearWe don't know what's going on in the #Polkadot project fundamentally, but we've heard almost nothing about their sensational parachains.
So let's just write what we see on the #DOTUSDT chart
1️⃣ The #DOT price seems to have drawn an H&S figure and is hovering over an abyss.
If it consolidates below $6, the fall may continue to $4.5, and in the worst case scenario, to $3
2️⃣ But as long as the #DOTUSD price is above $6-6.50, CRYPTOCAP:DOT holders can believe in a miracle and literally pray for a blue scenario.
Its working out to the region of $17-17.50 will allow at least some to exit positions that have been held for 2-3 years.
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#DOT/USDT#DOT
The price is moving within a head and shoulders pattern on a 4-hour frame, which is a retracement pattern
Our right shoulder support area bounced after it was completed
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 6.45
First target 6.82
Second goal 7.07
Third goal 7.31
Polkadot Next BullRun- Okay now that we got the Bottom ( 4.3$ ish).
- We can try to calculate the highest points for the next bull run.
- i am not in patterns too much but we can see that DOT formed a kind of Cypher Bullish Pattern.
- A resistance was created around 9.80-10$.
- So Polkadot will have to go retest this zone and breakout to climb more.
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- TP Zones :
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- TP1 : 50$ ish (ATH 2021).
- TP2 : 85$ ish (161.8 Fibo).
- TP3 : 200$ ish (Max Fibo 423.6).
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- Like Always :
-- Take your train ticket before the mass.
-- Sell when others rush to buy :D.
Happy Tr4Ding !