DOTUSDT
POLKADOT PERSONAL ANALYSIS IN THE LONG TERM (SHOCKING REVEAL)The total evaluation for DOT asset is bearish . Please be mindful of your risk management when it comes to buying at certain level. It is truly key to recognize designated levels at which volume and trading activity can be found, I have already provided you with the volume profile on the left to assess your judgement. The green line as it shows is a representation of market structure activity that truly respects the descending triangle , however any move significant enough to breakout and confirm its stand outside of this is more than welcome. Hey, no one wants crypto dead you know! However, until then, I will short every rally in accordance with the November 2021 trendline and descending triangle trendline.
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Rising Broadening Wedge DOT 4hrA Rising broadening wedge is a bearish pattern most of the times
must break resistance line of $9.17 and flipping it to support.
if failed and price fell again $8.96 is the last support line
Breaking all support lines would have a potential dump to $7
$9.67 would be our current resistance on the uptrend
breaking this resistance lead us to around $10.5 which is the upper resistance of the wedge
Support and resistance zones for DOT / USDTWe managed to exit the downtrend channel marked with blue lines and change it to the current uptrend marked with yellow lines.
It is worth highlighting two areas of support that we have:
The first zone FROM $ 8.81 TO $ 8.24 and the second zone FROM $ 7.36 TO $ 6.78. THEN WE LOOK AT RESISTANCE ZONES AND CURRENTLY WE ARE TESTING A ZONE FROM $ 9.64 TO $ 10.61 IF YOU CAN CHOOSE IT, ANOTHER IMPORTANT RESISTANCE ZONE FROM $ 15.49 - $ 21.30.
IT IS WORTH NOTICE THAT ON A ONE-DAY INTEWRALE WE HAVE A LOT OF ENERGY FOR THE NEXT MOVEMENT AND THAT THE MACD INDICATOR CONFIRMS THE LOCAL IMPROVEMENT TREND.
Trading opportunity on DOTUSDT PolkadotBased on technical factors there is a Long position in :
📊 DOTUSDT Polkadot
🔵 Long Now 9.35
🧯 Stop loss 8.20
🏹 Target 1 10.10
🏹 Target 2 11.50
🏹 Target 3 13.00
💸Capital : 1%
We hope it is profitable for you ❤️
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DOTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for DOTUSDT
As we analyzed on July 31, we predicted a rising trend and now one of our targets is hit. In this chart, we have R2 as our resistance line that shows the disability of the price to rise. R1 is our 4-hour resistance line. S1 used to be a resistance line and then S2 is our support line that includes the support of the price at some points. Here we have the price fluctuating below R1 and we expect it will fall to S1 and then by giving us some confirmation candles, it will experience a rise to R1 or even more. It is less probable for the price to lose the support and fall below S1. Then if it fixes below S1, then this line will change into a resistance line.
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
#Polkadot Remains Bulls despite DOT Slipping from H2 2022 HighsPast Performance of Polkadot
Like the rest of the crypto market, Polkadot is relatively suppressed when writing. There are hints of weakness, and the coin is down six percent on the last trading day versus the resurgent USDT. Still, buyers appear to be in charge in short to medium term. Notably, the August 8 bar is bearish, reversing gains of August 8, a net bearish.
#Polkadot Technical Analysis
Traders are upbeat, and DOT is up 50 percent from 2022 lows as prices bottom up. The immediate resistance is at $9.5, a price zone that also flashes with May 2022 lows. If buyers reverse August 8 lows and remain above $7.8 and the middle BB, every low may provide a loading opportunity as DOT flies to H2 2022 highs. This may provide an impetus for aggressive traders to buy on dips, targeting $10 and $12 in the medium term. However, if bulls struggle and prices drop below August 8 lows and 7.8, the odds of DOT slipping to $6.3 in confirmation of the August 1 bear bar will be elevated.
What to Expect from #DOT?
Polkadot is bullish and within a bullish formation as per the arrangement in the daily chart. Still, there must be confirmations, shaking off bears of August 8. Technically, DOT is bullish above $7.8 and may float to new H2 2022 highs if prices recover from spot rates.
Resistance level to watch out for: $9.5
Support level to watch out for: $7.8
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin Trend Analytics August 9DOT is between a narrow range formed by the waves in the downward channel.
DOT bounced several times from the support of the narrow band. It’s now going upward to test $10.73, the upper edge of the downward channel.
The major resistance of the downward channel is at between $11.54-$12.00. Breakup and holding above it for 2 weeks will expand the consolidation range.
The current supports are short-termed and not strong enough. Only with more funds inflow could the breakout be confirmed.
If the key resistance of the triangle is broken, $9.94-$10 will flip into support.
Polkadot: still moving up?The market is in the uptrend on the Daily timeframe. Another high of $9.27 was updated on August 8. And today the correction has started.
A pullback buying opportunity will appear after the correction is finished and a bullish candle is formed on the Daily timeframe. According to the price chart it may happen in a couple of days .
If the upward movement continues, then the price can move towards the main target #2 . It is the resistance level formed on May 29 – June 1. This target is around $10.44 – $10.78.
The longs will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of August 1 – 4.
Polkadot Testing Resistance A nice short term play if you made it! I shared in a previous post my idea that since we broke out of the previous level around 7-.750 that just over $9 would be tested and it has now happened however we could still play around this area and break down potentially so it shouldn't be a trigger to go long, this play is essentially over and now I'd be wanting to see how we react in this area.
If we continue to chop and hold around here then I'd look for longs, but for now need to see more PA develop because it's still unstable imo. If we do hold this area, I'd see upper resistance at 10-11 being tested at the least.
A good play as well from the bulldiv that I pointed out earlier.
Follow for more ideas!
Cheers