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DOTUSDT

DOT/USDT 4HInterval ReviewHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the downtrend line. Let's start with the support line and as you can see the first support in the near future is the support zone from $5.93 to $5.75, if the support is broken then the next support is $5.61, $5.46 and $5.26. Now let's move on to the resistance line, as you can see the first resistance is $6.2, if you manage to break it, the next resistance will be $6.47, $6.69 and $6.90. Looking at the CHOP indicator, we see that most of the energy has been used, the MACD indicates a local uptrend, while the RSI is approaching the upper limit, which may also slow down the current upward movement.
by cryptodailyuk
DOTUSDT - 1HDOTUSDT - 1H Bullish trough formed, at this moment the DOT is heading towards the upper edge of the trough which is at 6,276. There was an update regarding the DOT stake, among the resolutions is • Increase the minimum number of tokens to create a nomination pool from 200 DOT to 500 DOT; • Polkadot now supports fast unstake! Nominators can use the quick unbundle if the bet has not been active in the BondingDuration era in the past to unbounce their funds without waiting for the unbinding period. Here are the supports and resistances: Support 6098 / 6004 Resistances: 6,216 / 6,274 RSI: Exhaustion Buyer Forces MACD: Positive EMAS : Pointing upwards
Long
by ferulianov
#Polkadot Drops 15%, DOT's 4 Month Rally Ending?Past Performance of Polkadot The contraction of Bitcoin had a profound effect on altcoins, including Polkadot. The coin is underperforming at spot rates, sliding 15% from recent peaks. Even so, buyers remain in control from an effort-versus-results perspective, looking at the general performance in the daily chart. #Polkadot Technical Analysis The bearish engulfing bar of April 19 is with expanding volumes, thrusting bears in control. Since there was a follow-through and bears remain in control even at spot rates, traders can search for entries to sell. The immediate support line is $5.7, marking last week's highs. Meanwhile, resistance is at $6.1 and April highs, respectively. Losses below the previous week's lows with high participation levels may see DOT crumble to $5.2, the March 2023 lows; flashing with the 78.6% Fibonacci retracement line of the Q1 2023 trade range. What to Expect from #DOT? DOT buyers have a chance despite the recent drawdown. Any recovery pushing the price above $6.1 may spur activity, helping lift prices above $6.8 in a bullish continuation formation. Conversely, sharp liquidation may unwind gains, triggering a sell-off. Resistance level to watch out for: $6.1 Support level to watch out for: $5.7 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
DOT/USDT 1D ReviewHello everyone, let's look at the DOT to USDT chart on a one-day time frame. As you can see, the price remains above the uptrend line. Let's start by drawing a support line. And as you can see, the price is in front of a very strong support at the so-called golden point Fib Retracement equal to $ 5.63, if the support is broken then the next support is $ 5.02 and $ 4.22. Now let's move on to the resistances that the price has to overcome. First, we have a very strong resistance zone from $6.23 to $6.54, when we manage to break it, the second resistance is $6.85, the third at $7.32 and then the fourth at $7.90. Looking at the CHOP indicator, we see that there is still some energy left, the MACD indicates a downtrend, however, the RSI is approaching the lower limit, which may indicate the approaching end of the correction.
by cryptodailyuk
DOTBTC 2023 outlook Polkadot price actionTime to look at my favourite altcoin and it's pretty dismal perfomance over the last year agaisnt BTC I've outlined my basic outlook on the weekly chart using candle stick closes and Log fibs. Coincidentally its touched the .886 retrace to the T. Typical sign of weak altcoins to retrace all the way back to the .886 level. I'm pretty confident the bottom for DOT/BTC is in based on this and the fact that its nearly an 80% correction from ATH vs BTC My mid term outlook is bullish (for a change) Looking at best case scenario retrace up to .618 from ATH placing it at the .0004830 sat region I've marked out 3 different TP below and above this level respectively as I've become accustomed to DOT usually underperforming against market competitors. So my TP is more conservative vs others. With the exception of TP3 being higher as I see this as an ATH for this market cycle Some thoughts on DOT Personally this is my favourite altcoin of them all. Admittedly one should not have emotion when it comes to trading as we're all here to make money and not love My bias is fundamentally based and I will probably always keep staking my DOT from my ledger for years to come Point 1 - Its not a security, this gives institutional interest and clarity on adding it to their basket or portfolio Point 2 - Highest DEV activity compared to other L1 : Link : www.thecoinrepublic.com Point 3 - Interoperability (future proof) Point 4 - Staking offline (my personal favourite) Point 5 - Gavin Wood (some food for thought for the ETH maxi's) There are more use cases to be made however one can only consider an argument valid if you can argue from both ends, So my concern for this project is as follows: Point 1 - Concensus mechanism too slow. One of my dear friends informed me they wanted to launch TAO on their parachain but it was too slow for their timeline, in turn they self funded the crowdloan Point 2 - Inflation. As great as APR is with Staking this shows inflation in the ecosystem and given that DOT has no FINITE market cap it can dampen price action in future I'll be adding my DOT/USDT analysis to this post and updating it over time. As this is afterall my favourite ))
Long
by Andy1GP
1
🔥POLKADOT IS GOING TO PUMP AFTER THE PULLBACK! $10 IS A TARGET.🔥Hi, friends! Polkadot is squeezing to the trendline and trying to break it down. I think that one more pullback from the trendline is highly possible and the breakdown will happen soon. Bitcoin feels so weak and a fall to $ 25-27k is almost inevitable, so the 99% altcoins will follow BTC too, including DOT. 📊 TRADING PLAN FOR DOT: 1. squeeze and breakout of the trendline down 2. test the $5.75 key level as the support 3. volume growth 4. bullish BTC ✅ THE MAIN TARGETS FOR DOT: 🔥 $6.7 - the local highs 🔥$ 7.9 - the key level and local highs 🔥$ 10 - the key level and even number 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
DOTUSDTHello there, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for DOTUSDT There is R1 on the top of the chart which is the resistance area and it represents the unsuccessful triumphs of the price to rise at several points. S1 used to be a support area. S2 is a 4-hour support line. And S3 is our support area that contains the support of price at some points. At the present, we see the fluctuation of price is S1 area while it could e supported at S2 and had a rise up to this point. Our expectation would include another fall to S2 (as it used to have int the past) and when the price is supported and by giving us some rising signs, we must wait for its more increase to higher amounts such as R1. It is possible that the price loses the support and starts a decline below S2 and down to our third support area. So in this situation, a falling trend will happen. Please consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
DOTUSDT | Wave Projection | Possible 4.4 Wave Fakeout Price action and chart pattern trading > Wave pattern - downtrend ending diagonal 5 wave. > The price continued to make lower high and lower low reached 0.786 extension of 4.1 wave and T1 head & shoulders target with a hammer candlestick. > Candlestick pattern squeezed at this key level a possible upcoming false breakout of 4.4 wave before making its final 5-wave > Target breakout 4.4 wave at SMMA25 - 0.382 zone > The final downtrend 5-wave is targeting at 4.0 - 4.5$
Short
by dukeposh
1
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart on the four-hour interval. As we can see, the price is moving in the uptrend channel. Let's start by marking the support spots for the price and we see that we first have a support zone from $6.46 to $6.21, however if the price goes lower we have a second support zone from $6.01 to $5.80. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting a strong resistance at $6.85 equal to 0.618 Fib. We continue to have a strong resistance at $7.31, once the price breaks it, it will move towards the resistance at $7.90. The CHOP index indicates that the energy has been used up, the MACD indicates that the uptrend is maintained, while the RSI has crossed the upper limit of the range, which, according to our rule, often ends with a price rebound and so we see a small correction.
by cryptodailyuk