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DOTUSDT

Good night - Altcoins | Bitcoin Dominance Carnage Continues (LN) VC's continue to try sell Bitcoin to "prop" up their token to keep interest going. Its not working and at the same time they're losing the only assets that matters, Bitcoin. "BNB" losing power every time Binance tries to do this and they're running low on Bitcoin supply and USDT. Ethereum also mimicking the BNB sell cycle. Once exchanges start to adopt Lightning (USDT) (USDC) over Bitcoin its game over. I can't help but see the repeat of 2002 where share holders off load useless non functioning business model companies and retail purchasing them at all time lows believing they will make a recovery. There was 457 Initial Public Offerings (IPO's) riding on the wave of Apple, Microsoft, IBM, Intel none of the 457 made it out and went to zero. We're in the final period where the market caps consolidate to the winner, Bitcoin. ------------------------------------------------------------------------------------------------------------------- "Today #Tether announces the ending of the support of 3 blockchains CRYPTOCAP:USDT : OmniLayer, BCH-SLP and Kusama. Customers will be able to continue to redeem and swap CRYPTOCAP:USDT tokens (to another of the many supported blockchains), but Tether won't issue any new additional CRYPTOCAP:USDT on those 3 blockchains." "Yet we want to emphasize that Tether's team is rooted in the belief of leveraging the most secure, audited, and decentralized blockchain ever built: #Bitcoin . In fact, we are actively contributing to developing RGB, alongside to @bitfinex and Fulgur Ventures, a client-side validated state and smart contracts system operating on Layer 2 and 3 of the Bitcoin ecosystem. RGB has been postulated and boostrapped by @peterktodd and @giacomozucco . You can find more info here: rgb.info RGB functions both on-chain (Bitcoin L1) and on the Lightning Network ⚡️, promising unparalleled scalability. We firmly believe that RGB will usher in a new era for digital assets, smart contracts, and digital rights, garnering comprehensive support from major players in our industry. Once CRYPTOCAP:USDT on RGB goes live, the world will witness CRYPTOCAP:USDT on another super-powerful and scalable #Bitcoin layer. If you didn't take a look at RGB yet, I strongly recommend you to do it. It's community driven, fully open source, developed and maintaned by super talented minds. RGB does not require any other token. Simply secured by #Bitcoin built by bitcoiners ♥️" Paolo Ardoino TO @tether_to + CTO @bitfinex twitter.com
COINBASE:BTCUSD
by FederalXBT
dotusdt ---> a great downward movementhello guys... as you can see on the chart dot is going to touch the descending trendline as well. if at the same time, it touches one of the gray areas you can get a short position until the blue rectangle. it is great to inform you this coin had made a double top on the weekly time frame: the target in the long term is $3.5! ______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
19
DOT is on the Verge of its Next Bull Rally | Polkadot Analysis💎Dot is currently positioned near a pivotal support area, having engaged with it on two occasions, signaling potential future movements. 💎At the moment, Dot finds itself within a zone of high demand. If it remains above this region, we might be on the cusp of a bullish ascent. 💎However, should it waver, a bullish trend may only emerge after revisiting the lower order block. 💎On closer inspection, we observed a phase where demand morphed into supply, resulting in a discernible price decline. 💎Looking forward, a distinct supply zone paired with a bearish order block is evident. There's a strong likelihood that Dot will undertake a bullish route to rectify this disparity. 💎In the ever-evolving crypto landscape, staying updated and versatile is paramount. Keep an eye out for further insights and savor your trading adventure.
Long
by MyCryptoParadise_Nathan
DOT/USDT Technical Analysis: Ideal Zone for Potential GAINDOT/USDT Technical Analysis: Potential Accumulation Zone for Long-Term Gains Current Price: $5 Chart Analysis: DOT is currently trading well below its all-time high, presenting a potential opportunity for investors. A notable observation is the historical pattern of a 10x pump after a breakout from the last accumulation zone in 2020. Present Situation: The price has once again approached a similar accumulation zone, indicating the possibility of further downward movement. However, this could serve as an advantageous entry point for the next bullish phase. Long-Term Strategy: Consider accumulating DOT between the price range of $5 to $3. This range could provide a strong foundation for significant gains in the upcoming bull run. Projected Targets: While aiming for a new all-time high might be ambitious due to potential bag holders from the previous cycle, several target price levels could be lucrative: $10, $16, $23, and $31. Cautious Approach: It's essential to exercise caution and conduct thorough research before making any investment decisions. This analysis is a personal perspective and not financial advice. Thank you for reading.
Long
by CryptoPatel
5
DOT/USDT Bullish Scenario💎 DOT has recently broke its support level and is currently in the phase of retesting, where the former support might act as a new resistance. There's a potential for the price to descend toward the demand zone ranging between $4.4 - $4.65. 💎Within this demand zone, there's a likelihood of the price experiencing a bounce, propelling it into an upward trajectory targeting the supply zone between $6.5 - $7. 💎However, if DOT swiftly reclaims its previous support-turned-resistance area, there's a chance it might not touch the demand zone and instead, ascend directly to challenge the resistance trendline and the supply region. Paradisers, keep your eyes peeled for these pivotal movements! Stay informed and trade wisely. 🌴
by MyCryptoParadise_Nathan
Polkadot upward momentum !🚀 🔥 DOT today analysis 💎 It's currently hovering around a key support zone, having touched it twice, indicating potential moves on the horizon. 💎 Presently, Dot is nestled within a demand zone. If it sustains above this zone, we could witness a seamless bullish trajectory. However, if it falters, a bullish move might only materialize after a retest of the lower order block. 💎 Digging deeper, we've noticed a shift where demand transitioned into supply, leading to a notable downward shift in price. Ahead, there's a clear supply zone accompanied by bearishOB. It's highly probable that it will embark on a bullish journey to address this imbalance. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
DOTUSDT 1HDOT/USDT Watching these levels can be useful to identify potential entry points: it is currently showing supports at 5,162 and 5,119. This indicates that these are the price levels at which buying pressure has historically entered and reversed a downward trend. Considered short-term targets or points to consider taking profits: On the resistance side, we see hurdles at 5,238 and 5,258. The MACD , a trend-following indicator that shows momentum, is pointing down. This can indicate a downtrend or a loss of momentum in the uptrend. The RSI , an indicator of momentum, shows exhaustion of selling forces. This could suggest that price action may start to reverse into an uptrend if there are no more bears to push the price lower. The Chop indicator is at 43.17 which is below 50 which is generally considered a trending market. So, although there is some degree of consolidation, the price is still moving significantly. Given the "needle" move (a quick downward price move followed by an equally quick rebound) it is possible that price action is bouncing back, these moves are quite common on Sundays in the cryptocurrency market.
Long
by ferulianov
DOTUSDT Sideways Trading Strategy! 🚀 DOTUSDT Sideways Trading Strategy! 📉 #DOTUSDT #Cryptocurrency #TradingStrategy #TechnicalAnalysis #SidewaysMarket Greetings, fellow traders! 🌟 Today, I have an exciting trading opportunity in the DOTUSDT cryptocurrency pair. The 1-hour chart reveals a sideways market, lacking a clear bearish or bullish trend. To capitalize on this situation, I have devised two trade plans utilizing buy stop and sell stop orders, strategically aligned with key support and resistance levels. 📉 Trade Plan 1 - Sell Stop 📉 🎯 Entry: At S2, 5.100 🛡️ Stop Loss: Above S1, 5.160 🎯 Take Profit: 1:1 at 5.040 In this plan, we aim to profit from potential downside movement within the current sideways range. The entry at S2 suggests a bearish continuation, while the stop loss placed above S1 provides a safeguard in case of any price reversals. The take profit target of 5.040 offers a balanced reward-to-risk ratio. 📈 Trade Plan 2 - Buy Stop 📈 🎯 Entry: At R2, 5.336 🛡️ Stop Loss: Below R1, 5.273 🎯 Take Profit: 1:1 at 5.399 With this plan, we seek to benefit from potential upward momentum. The entry above R2 indicates a bullish breakout, and the stop loss positioned below R1 helps manage risk effectively. The take profit target at 5.399 ensures a 1:1 risk-to-reward ratio, aiming for a feasible profit within the range. As a responsible analyst, I must emphasize the importance of risk management in your trading endeavors. Trading sideways markets can be challenging, so it's crucial to use appropriate position sizing and not invest more than you can afford to lose. Best of luck! 🍀 Happy trading! 🚀💹
by T-Q
DOTUSDTThe presence of supports at 5.26 and 5.24 indicates that traders have shown interest in buying DOT at these price levels, which may help limit further declines. The resistances at 5.31 and 5.37 show that DOT may find it difficult to overcome these price levels, and traders may consider taking profits around these values. A cross of the MACD lines to the downside suggests that the uptrend may be temporarily losing steam or undergoing a correction. The formation of the perfect bullish trough indicates that the DOT bullish trend is still valid and may offer a buying opportunity, especially when the price is close to the lower edge of the trough. Supports: 5.26 and 5.24 Resistances: 5.31 and 5.37 MACD Indicator: Lines Crossing Down Price Pattern: Formation of a "perfect bullish trough" with the DOT near the bottom edge.
Long
by ferulianov
DOTUSDT 1DInterval ReviewHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the uptrend line, from which, as you can see, the price breaks out at the bottom. Moving on, we can move on to marking support areas when we start a larger correction. And here the price stays ahead of the first support zone from $5.16 to $4.97, then we have a second very strong support zone from $4.79 to $4.53, and when the price goes lower we have support at 4.20 $. Looking the other way, we see price bounce off the $5.27 resistance, then $5.60 resistance, a third resistance at $5.94, then a fourth resistance at $6.39. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI is moving around the middle of the range, while the STOCH indicator indicates crossing the lower limit, which can give a temporary sideways trend for the price or a rebound.
by cryptodailyuk
Review Chart DOT/USDT 4HHello everyone, I invite you to review the DOT chart in pair to USDT. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range. And when we turn on the EMA Cross 200, we see that the price has stayed on this line, which indicates that the uptrend that was started earlier is being maintained. Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at $4.98, then we can mark the support zone from $4.58 to $4.25, however, when the price falls below this zone, we can see a drop to around $3.93. Looking the other way, we see that the price has reached an important resistance zone from $ 5.35 to $ 5.65, which so far has no strength to break. However, if it manages to exit the descending channel upwards and break through the resistance zone, the next resistance will appear at $6.04, and then the price can move towards the resistance at $7.20. Take a look at the CHOP index, which indicates that the energy is starting to regain strength, the MACD indicates that we are in a local uptrend, while the RSI is back to the middle of the range, which gives room for the price to go a little higher.
by cryptodailyuk