#DOT/USDT#DOT
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at 0.400
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.10
First target 4.26
Second target 4.40
Third target 4.62
Dotlong
DOTUSDT 1D - At Lows, Time to BUY?DOTUSDT 1D - At Lows, Time to BUY?
POLKADOT is one of the great projects of the last bull run that reached its highs at $55 but is currently at lows around $4.
It seems impossible for it to fly so high again, but we can set more realistic expectations.
LEVELS:
SL: 3.5
TP1: 6.6
TP2: 9.6
TP·: 16
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
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 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/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 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#DOT
We have a bearish channel pattern on a 1-hour frame, the price moves within it and adheres to its limits well, and it is about to break upwards.
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher
Entry price is 6.80
The first goal is 7.07
Second goal 7.24
Third goal
7.45
DOT: break renge level📊Analysis by AhmadArz:
🔍Entry: 7.370
🛑Stop Loss: 6.927
🎯Take Profit: 7.692 -8.102 -8.443
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#DOT/USDT#DOT
The price is moving in a downward channel on a 4-hour frame and is bouncing from the support area in green
The area in green is a very strong support area
Our RSI indicator has a trend that is about to break to the upside
We have a very strong uptrend
Entry price: 9
First goal 9.7
Second goal 10.19
Third goal 10.92
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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DOT - Opportunity to catch a 20% correctionGreetings everyone!
I would like to share with you the analysis of DOT (Polkadot).
We have successfully exited the descending structure, which indicates a transition to the ascending structure. However, this does not prevent us from looking for short-term corrective trades with good reasons.
We are currently seeing the filling of the monthly imbalance in the 11.14 - 14.18 range. Within this range, there is a weekly imbalance zone extending from 11.81 to 13.03. With a favorable risk-reward ratio, we may consider setups coming out of this zone.
Our goal may be to eliminate inefficient pricing on the two-hour timeframe (FVG).
#DOT Can Reach 14.7 if..;DOT almost broke the weekly resistance area when it got pumped last time but couldn't manage it sadly.
If DOT can close above 10,7 in daily time frame, I'll take a long entry with 5X Cross (%5 of my general margin) and set the target point to 14,7.
According to Elliot Waves theory, wave 3 should get me 14,78.
Also;
Daily Volume seems fine and broke the last high.
Rsi still seems like fine.
All targets and areas on the chart.
Good luck to us all.
#DOT/USDT LONG#DOT
We have had a Down flag since May 2022
The price respected the limits of that channel to a great extent
Now we have a breakout of the boundaries of that channel to the upside with a break of the Moving Average 100 up
Price 5.55
First target 7.38
The second goal p.17 9
We are oversold on the MACD and bullish supported by buying momentum
DOTUSDT Breaks Trend Line!The DOT/USDT trading pair has recently experienced a notable development as it broke a significant trend line after a prolonged period of consolidation. This breakout suggests a potential shift in market sentiment, with bulls gaining momentum.
DOTUSDT (1W Chart) Technical analysis
DOTUSDT (1W Chart) Currently trading at $5.9
Buy level: Above $5.7
Stop loss: Below $4.2
TP1: $7
TP2: $9
TP3: $13
TP4: $18
TP4: $23
Max Leverage 2x
Always keep Stop loss
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DOT → Rocket to the Upside? This Simple Analysis Answers That!DOT reversed from $5.88 into a bear channel on November 11th and had three pushes down that ended 10 days later. This point of impact included contact with the 200EMA which resulted in a large bull bar closing near its high. So is the bear channel over and this bull flag play out?
How do we trade this?
The current price area is crucial to whether or not we long here. If this bar closes on or near its high it will be yet another strong bounce off of the 200EMA forming a higher low. Such an occasion gives us enough justification to enter a long position, placing a stop below the 200EMA and targeting the previous high when the bear channel started.
It should be noted, that the price is below the 30EMA and the bear channel resistance, so watch out for resistance at these levels. Be prepared to either take some profits at the bear channel resistance or get out if the price action begins to show signs of reversal, such as strong bear candles closing on or near their lows.
Taking selling half of your position for profit at bear resistance gives you about a 1:1 Risk/Reward. You could move your stop loss up to break even, and then you've locked in profits. The remaining half of your position becomes a bonus at the 1:3 Risk/Reward, which should allow you to make more rational decisions in your trade management.
Trade Idea
Long Entry: $5.14
Stop Loss: $4.92
Take Profit: $5.80
Risk/Reward Ratio: 1:3
Key Takeaways
1. Bear Channel/Bull Flag, Look for Long Entries.
2. Three pushes down, Bear Capitulation Candle on the Third.
3. Strong Bull Response on 200EMA, Reversal Evidence.
4. Currently forming a higher low, wait for the Candle to Close.
5. RSI coming up from 33.00, Bias to Long.
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DOTUSD request analysisThis chart are update from my previous analysis.
Right now DOT still channel up pattern, and already touch fibonacci support at channel up support, and broken channel down pattern with a strong candle.
Bullish will continue to reach previous resistance at $5.74
and we also have new bullish target at $6.41 as fibonacci 1.618 projection
*I draw path line, if $5.74 still hold bullish, our new support level at channel up support.
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
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!