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
DOTUSDT
Second chance to buy Polkadot?As we know Dot hit rock bottom in October. Since then Polkadot didn't even consolidate, maybe did some pullbacks. This is my idea of how it will go in near future. First support zone is around 6.6-6.8 which is minor support zone. If first support zone can't hold Dot above we most likely to see 5.5-5.75 zone which is a major support zone. And I will be looking for Long position entry either futures and spot.
DOTUSDT.4HBased on the provided market data, the DOT/USDT pair is currently trading at 7.881. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 41.06, 53.25, and 67.69 respectively. This suggests that the currency is neither overbought nor oversold in the short term (4h), slightly bullish in the medium term (1d), and somewhat overbought in the long term (7d).
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.202, 0.412, and 0.681 respectively, indicating a bearish trend in the short term, and a bullish trend in the medium and long term.
The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 9.593, 9.600, and 9.610 respectively, suggesting the price is in the lower range, indicating a potential upward movement.
The support levels for 4 hours, 1 day, and 7 days are 7.320, 6.560, and 5.800 respectively. If the price falls below these levels, it may indicate a bearish trend. The resistance levels for 4 hours, 1 day, and 7 days are 8.900, 8.002, and 9.180 respectively. If the price breaks through these levels, it may suggest a bullish trend.
In conclusion, the DOT/USDT pair shows a mixed trend with short-term bearish and long-term bullish signals. It is recommended to keep a close watch on the resistance and support levels, as well as the RSI and MACD for any potential trend reversals or confirmations. Please note that this is just a technical analysis and actual market conditions may vary. Always consider other factors and conduct thorough research before making any investment decisions.
DOT/USDT If DOT Success Breakout the resistance Easy to $13💎 DOT has certainly established itself as a notable player. Currently, DOT is on an upward trajectory, making another attempt to break through a key resistance area.
💎 Earlier, DOT faced rejection at this level, leading to a downward movement. A successful breach of this resistance zone could pave the way for a smoother climb for DOT, potentially allowing it to reach the targeted bearish OB area.
💎 However, should DOT once again fail to surpass this resistance barrier, it might retreat to the support level around $7.7. A more concerning scenario would see DOT descending further, possibly reaching the Bullish OB area.
💎 The Bullish OB zone becomes crucial in this context. For DOT to resume its upward trend, it is essential that it rebounds from this zone, regaining enough momentum to challenge the resistance once more. Failure to hold ground in the Bullish OB area and a subsequent breakdown could signal a shift in DOT's trend from bullish to bearish. Such a development could lead DOT back towards a more substantial demand area.
DOT/USDT upward momentum? 👀🚀DOT Today Analysis💎 Paradisers, let’s closely examine #DOTUSDT as it’s currently demonstrating a notable market behavior. Poised near a significant resistance, it is anticipated to show a bullish movement from its support following a potential rejection.
💎 #POLKADOT recently overcame the robust resistance at $7.763 and is now approaching the higher resistance level at $9.614. Should CRYPTOCAP:DOT face a rejection at this level, we’re likely to see a bullish continuation from the support at $7.763. If it manages to sustain bullish momentum, it could then aim to conquer the stronger resistance at $10.770.
💎 However, given the inherent volatility of the crypto market, it's imperative to be prepared for different eventualities. If #DOT struggles to maintain its level above the $7.763 support, a recalibration of strategy might be in order. This could mean anticipating a bullish rebound from a lower support level at $6.369. Importantly, should CRYPTOCAP:DOT fall below this secondary support level, it could signal a change towards a bearish market trend. 🌴💰
DOT look juicyDOT really look nice as is currently in an uptrend in all TF but there are liquidity below and DOT is ready to grab that below before pushing higher...... Please don't be induced into this market but longing in CMP...... Wait for the liquidity to be swept before entering into it...
Follow for more market update and trade setup
This is in resistance (DOT)❤️❤️Thanks for boosting 🚀 and supporting us!
📈we are in big renge in daily and sell in ressistance.
📊 (sell) : 7.313
🔴 Stop Loss : 7.960
🎯 Take Profit : 6.558 - 5.968
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
DOTUSDTDOTUSDT
The coin has every chance of good growth. Following Bitcoin's momentum, we pulled back from the red support and began moving higher. For more global impulses, we need to break through the green resistance line and gain a foothold above it.
If this happens, we will consider the following goals:
1 - 5.98
2 - 6.76
3 - 8.53
4 - 10.42
But don't forget, the higher the goal, the more dangerous it is. Don’t be greedy and fix parts of your profits on time, so that a sharp drop doesn’t eat up your entire profit.
If you like the idea, don't forget to subscribe and rate like👍
DOT LOOKS READY FOR NEW LEVELThank you for reading this update.
Depending on our study we see that DOT has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
DOT Triangle countIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#DOT update.
Looking more and more like a triangle.
No tunnel vision, though.
From here, would like to see a bit more ups before a pivot is put in.
Cheers!
📈 Polkadot (DOT) Spot Long Trade AnalysisAn analysis of Polkadot (DOT) highlights a potential spot long trade opportunity, emphasizing range support, resistance, and risk management for strategic decision-making.
Key Highlights:
Range Support: DOT is noted to be at the $7.24 top of the range support, providing a potential entry point.
Take Profits (TP): The proposed Take Profits (TP) level is set at the next resistance area of $8.00 - $8.50.
Stop Loss (SL): Risk management includes setting the Stop Loss (SL) just below the bottom of the range low support at $6.85.
#Polkadot #CryptoTrading #RiskManagement
is "Are the buyers real or fake?".👀🤔
🔴After 505 days in a downtrend, buyers have finally decided to reverse the trend. Volume confirms the reversal. The first trigger, 7.539, can be✅
🔴If the RSI can maintain support at 69.58 and then re-enter the overbought area, this would provide further confirmation of the currency's upward trend.‼️
🔴With a good stop-loss that could be at 6,700, he made a reasonable profit.🔆
🔴Please remember that this is my analysis and opinion.💹
DOT/USDT Anticipating a Breakthrough in Resistance? 👀🚀Polkadot💎Paradisers, focus on DOTUSDT as it's currently exhibiting a notable pattern in the market. Following a recent rejection at a key resistance level, IT is gearing up for another attempt to break through, hinting at a strong possibility of a bullish movement.
💎 Reflecting on #POLKADOT market behavior, we've observed its proficiency in maneuvering through a descending channel, breaking above to commence a significant upward trajectory. Currently, #DOT is maintaining a solid stance above the support level of $6.943. If it continues to exhibit strong momentum, there's a high likelihood of a robust bullish move aiming to overcome the formidable resistance at $9.703.
💎 However, in the dynamic world of cryptocurrency, alternate paths are always a possibility. Should #DOT fail to sustain its momentum, the focus may shift towards a bullish recovery from the support level of $6.197. Importantly, a fall below this level could potentially lead to a downward trend. 🌴💰
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
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
POLKADOT: +100%! What's Next?In our last analysis, we identified that we were in a 535 zigzag pattern. We had a bullish setup on the completion of wave B (subwave C). We moved up perfectly and gained over 100% raw gain from that trade!
We are now at a critical zone. We are looking for a rejection here and then a move down to complete the major ABC zigzag pattern.
Trade Idea:
- Watch for rejection of structure
- Safe entry on break of red trendline
- There may be a risk trendline lower timeframe so do keep a look out for that
- Targets: 3.6, 2, taper positions thereafter
Goodluck and as always, trade safe!
See our last analysis below:
POLKADOT - Higher Timeframe Overview ✨Polkadot is currently within a correction (Wave B). Wave B is made up of 3 subwaves and we are currently in subwave B and expecting subwave C.
We currently do not have a bottom in place so the best we can do is look for lower timeframe trendline break and reversal patterns.
See our next post for lower timeframe analysis.
Goodluck and as always, trade safe!