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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Dotanalysis
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!
I am entering Long-term Long position on Polkadot!BINANCE:DOTUSDT all time high in early March which is huge sign to go up. As you can see there was a crucial resistance channel holding BINANCE:DOTUSDT since last June. Now BINANCE:DOTUSDT consolidating above it and checked weekly crucial support zone once. I suggest you to look at my last idea on BINANCE:DOTUSDT and where to take profits.
#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
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 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
DOTUSDT.1DIn this daily DOT/USDT chart, we’re looking at a longer-term perspective of the price movement. The use of trend lines suggests a potential channel or wedge pattern forming, which is a common occurrence in markets and typically indicates areas of support and resistance that traders pay close attention to.
The RSI is at 42.52, edging toward the lower end of the neutral zone but not signaling oversold conditions yet. This could imply a slight bearish bias or a cooling off period after a previous uptrend.
The MACD is below the signal line and negative, which often points to bearish momentum. However, the histogram bars are quite small, indicating that while the bears might have control, the selling pressure is not particularly strong at the moment.
The price is currently near the support level (S1), bouncing off from it. The placement of S1 in conjunction with the upward sloping trend line suggests this could be a critical level to hold for the price to maintain its overall bullish structure.
Looking above, the resistance level (R2) is quite far from the current price, implying there could be significant upside potential if the price were to break through any intermediary resistance levels not marked on this chart.
If I were trading this setup, I would watch for potential buy signals around S1, such as bullish candlestick patterns or a bounce with increased volume. Conversely, a break below S1 with significant volume might indicate a trend change, necessitating a reassessment of the bullish outlook.
It’s always crucial to consider other factors that could influence the price of DOT, including broader cryptocurrency market trends, news related to the Polkadot ecosystem, and overall risk sentiment in the financial markets. With that in mind, maintaining a disciplined approach with proper risk management, such as setting stop-loss orders, is advisable.
DOTUSDT Analysis - Long-Term Opportunity !!Dotusdt has recently experienced a breakout followed by a retracement, indicating potential upward momentum. With signs pointing towards new highs, entering for the long term could be promising. However, it’s crucial to maintain a disciplined approach by implementing a stop loss to mitigate risks along the way
DOTUSDT (1D Chart) Technical analysis
DOTUSDT (1D Chart) Currently trading at $9.7
Buy level: Above $9.6
Stop loss: Below $7.7
TP1: $11
TP2: $13
TP3: $17
TP4: $23
Max Leverage 2x
Always keep Stop loss
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Cryptolean Polkadot DOT UpdatePolkadot is consolidating in the daily range zone between $8.34 and $9.38 where we continue to see a rangebound price action.
A bullish move from the current price location and a break-out of $9.38-$9.79 will send DOT price higher towards $10.30-$10.74 and higher.
A bearish break-out of $8.34, the key daily support, will push Polkadot price towards $7.46.
DOT POLKADOT Technical Analysis and Trade IdeaDOT Polkadot 's recent bullish run has given way to a retracement, offering potential short entry opportunities. Price is approaching a key higher-timeframe support level however, so proceed cautiously and prioritize risk management. Further downside is possible. This analysis is for educational purposes only, not financial advice.
Cryptolean Polkadot DOT Update Polkadot is consolidating above $10.74.
A bullish reversal from the current price location will result in a bullish move to $11.78.
A bearish break-out of $10.74, the key daily support, will push DOT price towards the support zone of $9.38-$9.76.
Intraday Chart
The DOTUSDT 4-Hour chart is bullish and is trading above $10.91.
(1) A bearish dip and a bullish rejection of $10.91 or (2) a bullish move from its current price location will push price to the key intraday resistance zone of $11.62-$12.13, where I will be closely watching the #Polkadot price action.
A bearish break-out of $10.91 will lead to a slow price decline to $10.31.
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DOTUSDT.1DBased on the provided market data, the DOT/USDT pair is currently showing signs of a bullish trend. The current price of 9.785 is above the support levels for 4h, 1d, and 7d, indicating a strong buying pressure.
The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. An RSI above 70 usually suggests overbought conditions. The RSI values for 4h, 1d, and 7d are 71.71, 85.95, and 74.16 respectively. This indicates that the market is overbought in these timeframes, suggesting caution as there could be a potential reversal or slowdown in the trend.
The MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator. A positive MACD indicates that the 12-day EMA is above the 26-day EMA, which is a bullish signal. The MACD values for 4h, 1d, and 7d are positive, reinforcing the bullish trend.
The Bollinger Bands (Bb) indicate the volatility in the price. The current price is below the upper Bb for all timeframes, indicating less volatility and a potential for price to go higher.
The resistance levels for 4h, 1d, and 7d are 10.720, 10.840, and 10.992 respectively. These are the levels that the price would need to break through to continue its upward trend.
In conclusion, the market data shows a strong bullish trend for the DOT/USDT pair. However, the high RSI values suggest the market is overbought and there could be a potential price correction or slowdown in the trend. As always, it's important to consider other factors and your own risk tolerance when making investment decisions.
🚨Polkadot(DOT) can Drop ➖15%🚨✅The Polkadot(DOT) reacted well to the Resistance lines and started Falling again .
🌊Regarding Elliott wave theory , Polkadot(DOT) seems to be completing Corrective Waves .
🌊The structure of Corrective waves is Zigzag(ABC/5-3-5) .
🔔I expect the Polkadot(DOT) to go down to at least the🟢 Support zone($6.30-$5.67) 🟢and Support lines to complete microwave 5 of the main wave C .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Polkadot(DOT) Analyze (DOTUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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What is DOT's next move?The large wave B of the DOT symbol is over and we are now in an ascending C wave
Wave a consists of C and now we seem to see a correction for wave b of C The green range is the rebuy zone, which consists of two FLIP lines
Closing a weekly candle below the green range will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
DOT Weekly Analysis - Are We Going to $5 or $15!?DOT broke out of its descending wedge pattern last week with a bull bar closing near its high, a strong breakout bar. Since then, the price has pulled back to the 30EMA, but will it hold?
Bitcoin is currently pulling back from its Weekly bull channel resistance as depicted in my Bitcoin 4HR and Weekly analysis. DOT will likely follow its lead with the broader market sentiment and pull back to the top of the descending wedge. If you're looking for a long, you could fade your position from here to the $5 mark and wait for a buy signal and a strong bull confirmation bar closing near its high. For the next couple of weeks, I expect the price to pull back and drip toward the downside.
Key Points
1. Breakout from Descending Wedge!
2. Pullback to 30EMA
3. Pullback may continue to the top of the wedge.
4. Bitcoin Leading Indicator, Pulling Back
5. RSI is just above 50.00, Room to Fall
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DOT Watchout for Resistance LvelDOT is near its Resistance level at $5.65. There is 2 Possible scenarios, Yellow and Red.
Yellow: DOT created double top pattern and if $5.65 Resistance will be broken it can move to its next Resistance as a trend line + EMA 200 from where I am expecting a continuation of bullish trend.
Red: Coin's price will keep moving inside the triangle until we eventually will see a break out.
In both scenarios DOT has the next target at $7.3.
Trade safely.
Polkadot DOT price growth is still aheadIt is very likely that the DOTUSDT price is currently in the process of forming a global reversal trend pattern - "Inverted Head and Shoulders"
Of course, the final confirmation of the pattern's formation will come after the DOT price is firmly established above $10, and buyers will need to make a lot of effort to achieve this.
Looking at the chart, we can say that the rebound of the DOTUSD price from the bottom can be called quite weak compared to other altcoins.
Buyers of Polkadot token have not broken "shorts stops" yet, which are most likely hiding above levels $7.20 and $8.20, which are the first targets for growth.
Once this target will reach - when the shorts' stops are broken - a price correction may begin.
The medium-term target for DOT price is growth to $10+.
Long-term target - growth in the range of $19-23.5
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