DOTUSDT
📊🔥3 tagets for DOT: this trap force the alts to PUMP!Hi friends! I hope you follow my yesterday recommendation att least for scalping! Another swing trades you can open when the BTC show it's power.
✅ My recent plan for BItcoin in this video!
Now the price of DOT consolidating in the FALLING WEDGE and start to squeeze to the upper boundary. It's a nice signal for the bulls. I hope the value area of $6.20-6.50 will become the support for the price in the closest future.
📊 The preconditions to open a long:
✅ false breakout +volume indicator confirmation (volume bars growth)
🔥 pullback to $5.9-6
🔥 squeeze to the trendline
🔥 bullish BTC
✅ The volume indicator help you to understand where is the bottom or high. The biggest volume are always there. If you want to make more succesfull trades, use the DOM and Footprint tools for scalping. It helps to open a short and long with the whales (big players). As far as you understand, the whales are the most profitable traders at the market.
🚩 The targets are the 3 key levels of $7, $8, $9.65.
🔥Traders, set your sl at the breakeven when the price reach the 1st target. My recommendation is to book at least 50-60% of profit when the price reach the second target.
💻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
Polkadot (DOT) - October 12Hello?
Welcome, traders.
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Please also click "Boost".
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(DOTUSDT 1W Chart)
Whether or not it can rise above 7.16 to receive support is the key.
(1D chart)
We need to see if it can rise above 6.28.
Otherwise, it is expected to move towards the 5.11 area.
However, since the volume profile section is formed over the section 5.67-6.60, there is a possibility that the trend will continue in the direction deviating from this section.
To turn into an uptrend, it must rise above 6.60.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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#Polkadot down 88% in 11 Months, is the DOT Bear Run Over?Past Performance of Polkadot
Polkadot, like most coins, is inside a trading range, and buyers are yet to unshackle themselves from determined sellers. From the daily chart, DOT is up a paltry six percent from September 2022 lows. However, from the daily chart, there are flashes of strength, signaling growing upside momentum.
#Polkadot Technical Analysis
DOT is within a bear formation but bottoming up from 2022 lows. Even though the coin is shaped by the losses of September 18, the rejection of lower prices in the first week of October may be the basis for more expansion in October. Whether DOT's impressive performance thus far can continue depends on whether there is a high volume close above the middle BB and $7, the upper limit of the current consolidation. In that case, DOT may easily soar to $8 and later $9.5, marking August 2022 highs.
What to Expect from #DOT?
DOT is at around 2022 lows and down 88 percent from 2021 highs. After months of lower lows, the bear run may be near. However, this depends if DOT can close above $7 with increasing trading volumes. If not, further losses below $6 may quickly lead to panic sales to new 2022 lows.
Resistance level to watch out for: $7
Support level to watch out for: $6
Disclaimer: Opinions expressed are not investment advice. Do your research.
1D DOTUSDT ReviewHi everyone, let's take a look at the 1 day DOTUSDT chart.
Let's start with the fact that for some time the dot price has been moving in the channel marked with blue lines, which can be potentially used for short-term plays.
But let's see that the bottom of the current channel is also a support zone for the price from $ 6.28 to $ 6.13.
If it is possible to exit the current channel upwards, the price has to cross two important resistance zones, the first one is from $ 6.75 to $ 7.00, and let's note that the price has already turned back in this zone. Next we have a second important resistance zone from $ 7.25 to $ 7.60.
It is worth mentioning that looking at the long term, the price moves in the triangle marked with yellow lines and at this point entering the first resistance zone or breaking it would also leave the current triangle.
Now let's look at the CHOP indicator which shows that we have a lot of energy in the 1-day interval, but the MACD indicates that we are still in a downward trend. When the MACD shows a clear cross between the red line and the blue line from below, it may be a confirmation of a shift from the long-term trend to an uptrend.
Polkadot (DOT) - October 5Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(DOTUSDT 1W Chart)
Whether or not it can move higher than 7.16 is the key.
(1D chart)
1st resistance: 7.16-7.74
2nd resistance: 9.26-10.13
A volume profile section is being formed around 6.28.
So, the key is whether we can find support and move up around 6.28.
If it fails to move higher, it is expected to move towards the 5.11 area.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see that the price is moving in the channel marked by the yellow lines and that we are at the upper end of that channel.
Let's start by setting goals for the near future that we can consider:
T1 = $ 6.46
T2 = $ 6.76
T3 = $ 7.01
T4 = $ 7.26
and
T5 = $ 7.60
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6.38
SL2 = $ 6.28
SL3 = $ 6.14
and
SL4 = $ 5.96
Looking at the CHOP indicator, we can see that in the 4H range we still have a lot of energy for movement, and the MACD indicator shows a local upward trend.
🚀🔥Long on DOT: same situation as with XRP before 40% PUMP!Hi friends! Just take a look on the chart and volume indicator. Do you see how many times the whales buy the bottom of DOT? I think they do it to make money unlike the retail traders who buy at the top and sell in loss).
The spike of the volume is always at the bottom, as you can see on the indicator. This means that the big players might already accumulate enough DOTs. The same situation were to XRP before the PUMP:
1. a lot of buyers at the bottom
2. lost interest to the coin from retail investors/trader
📊 I see this preconditions to open a long:
🔥squeeze to the upper trendline
You can try to open a local trade on the wedge breakout if you are the intaday trader.
🔥 bulls BUY limit order wall which is support the price and doesn't let it to fall
🔥 bullish BTC pull the altcoins to the top.
🚩 I use DOM and Footprint dcalping tools for the purpose of identifing the big players. Big players are the reachest on the market and as you know they choose the right size in the most cases. I prefer to follow the whales.
✅ The targets for the long:
1. $7-7.33 - the closest value area and resistance
2. $8.05 - the key level
4. $9-10 is importan psychological value area for traders. A lot of them will book the profit here
🔥 I also recommend you to book profit at least 25% when the price reach the targets.
💻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
Maybe is late to short but if you wanna try....Yesterday I posted a short signal on ETH but today I noticed that DOT is in the exact same situation even thought maybe is too late to enter this one.
Notice the last two days session VLPR with POC at the same level (I'm trying to implement this VLPR in my TA):
The first and very close support is 5.98USDT but I've an alert set at 5.17 where I think I might buy some to hold if the market will look bottomed for when/if we go there.
DOT inside ascending channel#DOT/USDT
$DOT is trading inside ascending channel, and now price is near and above lower line of this zone.
🐻 holding the descending resistance and break down from lower line of channel will shape a bearish flag pattern that will drop price to somewhere around $0.57
🐮 but holding the lower line and break out from descending resistance can increase price toward upper line of ascending channel.
DOT/USDT Downward wedge Secondary trend.Secondary trend. The price is near the dynamic support of the uptrend. A downtrend wedge has formed (secondary downtrend). Potential trend reversal zone in case of its breakthrough.
Important support/resistance zones, trend and formations shown on the chart. At the moment it is interesting to work, because of the intersection zone of the uptrend (green) and the downtrend (secondary).
Also there is a probability of breaking out stops before the reversal, as a rule, all put them under the trend line, it is important that the price does not stay under it for a long time.
DOT/USDT Main Trend. Wedge.
Where to sell (short term)strong volume profile and 0.5 Fib. We might have a slight pull back during 0.618 Fib but I expect the big selling pressure would be around 6.966
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This technical analysis by no means, is a financial advice and this only works for me and I personally think post the best analysis I can, Please do you own research.