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DOTUSDT

POLKADOT Are you ready to move 30% ?Polkadot: Coiling for a Breakout? Polkadot, the interoperable blockchain platform, has been exhibiting a relatively slow and steady price movement in recent weeks. This methodical approach, however, could be laying the groundwork for a significant breakout. Price Action and Support Levels After forming a well-defined box pattern, Polkadot has established an ascending trendline that is currently acting as support. This consolidation phase has allowed the bulls to gather strength and prepare for a potential surge. The key resistance level to watch is $7.6. A decisive break above this level could trigger a rapid upward movement, potentially pushing Polkadot towards its first target of $8.7. Bullish Momentum and Potential Targets The recent break of the downtrend line and positive technical indicators indicate that Polkadot is ready to break. The bullish momentum could further accelerate if the price manages to hold above the $7.6 support level. With the downward trendline out of the way, a $10 target is not out of the realm of possibility. This ambitious target could be achieved if Polkadot continues to demonstrate strong buying pressure and positive market sentiment. Potential Pullback and Overall Outlook While the bullish outlook is promising, it's important to acknowledge the possibility of a pullback to the $7.6 support area before the continuation of the upward trend. Such a pullback would be a healthy retracement and could provide an opportunity for new buyers to enter the market. Overall, the technical analysis suggests that Polkadot is in a favorable position for a breakout. The price action, support levels, and technical indicators all align with a bullish scenario. However, as with any investment, it's crucial to exercise caution and conduct thorough research before making any trading decisions.
Long
by Crypto-Oracle1
DOT/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price is moving in the upward trend channel, at its upper limit. Let's start by determining the support and as you can see, the first support in the near future is $7.31, if the support is broken, the zone from $7.07 to $6.89 is visible, then we can go down to the level of $6.67 and then in In the event of a bottom exit from the upward channel, the drop may result in a price around $6. Now let's move on to the resistance line, as you can see the first resistance is $7.39, if it manages to break it, the price will have to break the resistance zone from $7.68 to $7.89 and then it will move towards the resistance at the price of 8.17 $. Looking at the EMA Cross 20 and 50, they indicate the return of the yellow line above the blue, which indicates a change to an uptrend. However, here it is worth paying attention to the RSI indicator, which shows how we are approaching the downward trend line, and in addition, on the STOCH indicator we are at the upper limit, which may translate into a change in direction.
by cryptodailyuk
Polkadot - higher time frame setupWe are looking for a higher time frame play on DOT. We believe the recent setback provides a good opportunity to place our first entry. If the price drops further, potentially due to news or other factors, we plan to place a DCA (Dollar-Cost Averaging) bid below the current daily demand zone. The daily demand zone should hold; otherwise, the bullish count would be invalidated, and we could see lower prices. The target is not specified yet as we are waiting for the market to show us potential levels. From the chart, we can see the following key points: - The daily demand zone around $7.17-6.88 is crucial for maintaining the bullish structure. - The next significant resistance lies in the daily supply zone between $8.58 and $9.11. Let's see how this plays out as the market evolves. ✅
Long
by stromm_by_wmc
DOT ANALYSIS (6H)From where I inserted "Start" on the chart, it seems that the price entered a correction. This correction is a triangle or a more complex pattern (diametric or symmetrical). From the green area, it can move towards the targets. Closing a daily candle below the invalidation level will invalidate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
DOT/USDT descending channel what next?👀🚀DOT analysis💎 Paradisers, #DOTUSDT is currently nicely tracking a channel trajectory. Will this lead to a swift continuation of the prevailing downtrend, or are we entering a period of uncertainty for sellers? Let’s explore what’s likely to happen next. 💎 It's important to highlight that #DOT has broken below both the downtrend trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This bearish behavior indicates that bears are firmly in control, suggesting a likely continuation of the downtrend. 💎 Currently, #POLKADOT is positioned near a channel resistance that might attract potential sellers. Yet, we must be wary of potential price spikes upward, often seen as "stop-loss hunting" events. Such movements can introduce temporary volatility and challenge the prevailing bearish sentiment. 💎 However, as long as #DOT remains under the crucial supply zone level of $7.531, the scales are tipped in favor of a continued bearish trend. Should the price break above this supply level, then a bullish shift might be on the horizon. Staying vigilant and trading wisely is essential for success in these market conditions. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
8
📈In-Depth Analysis of DOT: Long or Short Position?🔔🔍As we approach the ceiling of the trading range, it's time to pause and assess the decisions of the major players in the market. Understanding the dynamics between buyers and sellers, we aim to determine whether to take a long or short position. Today, we delve into the analysis of DOT, a coin that, like many others, is currently grappling with the resistance level without managing to consolidate above 7.455. 📈If we anticipate entering a long position after breaking the trend line, it implies a journey towards the lower end of the box, potentially around the support level of 6.275. With a 15% distance from the ceiling to the floor of the box, it presents an opportunity to open a suitable position in the futures market and ride it out until the floor of the box. The short trigger stands at 7.045, where a break in the shorter time frames like 1-hour or 15 minutes can offer a low-risk entry with quick risk-to-reward capture. ✅It's advisable to refrain from expecting high risk-to-reward ratios while within the range of 6.275 to 7.455. Settle for risk-to-reward ratios of 2 or 3 to ensure profit potential without being overly exposed to market fluctuations. ⚡️In the event of a breakout above 7.455, considering a long position requires a different approach. Given the anticipation of a new trend, setting stop-loss levels should align with the emerging trend rather than tight stop-losses to avoid premature exits. The previous model suits range-bound markets where lower risk-to-reward ratios suffice. However, for a potential upward move in the 4-hour timeframe, exercising patience for price action confirmation is crucial. Targets can be dynamically adjusted based on price behavior. 💥For a long position, a break above the 70 RSI line can serve as a confirmation of a sharp move upwards. As for the short position, attention to volume dynamics is essential, especially if the volume is gradually declining, indicating a forthcoming sharp market move. 📝To sum up, we have outlined strategies for both long and short positions in DOT. Whether the market undergoes a downturn and breaks below 6.275 or rallies above 7.455, traders can capitalize on either scenario. Additionally, considering the potential fakeouts, maintaining vigilance and adapting strategies accordingly is paramount for successful trading. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
PolkaDot. In The Golden Pocket.Market Cap 6.9 Billion Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55. Price has since corrected 88% and finds itself in the Golden Pocket. We also have our first "Incredible Buy" Signal + Stochastic Oversold. Does that mean the bottom is in? Don't know, I don't try timing the tops or bottoms. Long Term bulls should DCA (Dollar Cost Average) with re-entry at $4, which is the 0.786 fib level , some big Volume Profile can be found there. Can price drop further? Most definitely! Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas. Credit to @without_worries for allowing use of indicators.
Long
by bL1TZZ
2
DOT/USDT 4HIntervalHello everyone, let's look at the 4H DOT to USDT chart, as you can see the price is moving in a sideways trend channel where it is holding at the upper part of the range. Let's start by setting goals for the near future that we can include: T1 = $7.51 T2 = $7.92 T3 = $8.40 AND T4 = $9.08 Now let's move on to the stop loss in case of further market declines: SL1 = $6.82 SL2 = $6.45 SL3 = $6.19 AND SL4 = $5.85 The RSI indicator shows how we have bounced off the trend line, while the STOCH indicator remains at the upper limit, which may also indicate an attempt at price recovery.
by cryptodailyuk
#US DOLLAR ANALYSIS BY CRYPTOSANDERS !!#US Dollar Analysis: The US dollar surged after breaking out of the symmetrical triangle pattern. Currently, it's encountering resistance at a horizontal level. RSI signals overbought conditions. A rejection seems probable, but a decisive breakout above resistance would confirm bullish sentiment. Remember, it often moves inversely to the crypto market. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade. Do hit the like button if you like it and share your charts in the comments section. Thank you.
TFEX:USD1!
by CryptoSanders9563
🟢 DOT Trading Plan 📈Market Analysis: DOT is holding a higher timeframe range high as support, forming a double bottom pattern, indicating potential readiness for an upward move, contingent upon overall market stability. Trade Setup: Entry: $6.8 - $7. Take Profit: $8 or next resistance around $9.5. Stop Loss: $5.7. Risk Management: Utilize a stop loss at $5.7 to mitigate potential losses. 📊 Trade Strategy Rationale: Anticipate a bullish move in DOT given the formation of a double bottom pattern and support at a higher timeframe range high. 📈💡 Stay alert for market stability and DOT's price action! #DOTTrading #CryptoAnalysis 🌐🚀
Long
by Richtv_official
1
A DOTUSDT chart per request.It was requested in the comment section of a previous chart I posted what I thought about the DOTUSDT chart so here I am taking a look at it on the weekly chart. We can see here how as soon as polkadot reache its full double bottom breakout target that it began a big correction…in doing so here it completed a head to a potential head and shoulders pattern and since it bounced from that low it is now forming the right shoulder to that head and shoulders pattern. f it were to validate the breakdown below the purple neckline of this head and shoulders pattern the full breakdown target would actually be even lower than the price range of our double bottom patterns lows. Because of this, I think this greatly reduces the probability that the pattern would hit its full breakdown target. Also since we are currently in the macro bull market cycle phase bearish patterns don't hit their full 100% targets as often. There is still a slight possibility it could hit the full breakdown target but imo that would likely have to coincide with a pretty severe black swan event to blame it on as a scapegoat. I think as long as we avoid some sort of crazy black swan in the coming months, that there is a higher probability the head and shoulders pattern doesn’t validate its breakdown. What to watch in order to know which way this will pan out is whether or not the top trendline of the yellow channel (aka the neckline of the double bottom) can maintain support on the weekly channel. Considering how the weekly50ma(in orange) is now coming up to overlap that trendline as double reinforced support, it’s wise to watch for price action to hod support on the weekly 50ma as well. Hopefully thisMA will help lift price action up and bounce it upward. As long as the weekly 50ma maintains that support the h&s pattern will not be validated. *not financial advice*
by DrDovetail
OP(Optimism) price action analysisSimilar scenario that the market has experienced Example 1 💰DOT (spring-summer 2021) Accumulation ➡️ Distribution ➡️ 67% dump ➡️ 360% pump 💰OP (spring-summer 2024) Accumulation ➡️Distribution ➡️64% dump ➡️ projecting DOT scenario to OP Here we saw 3 waves of decline and the last one was the most painful and fearful for the crowd. After that we had great pump This scenario can be applied to many altcoins, not just OP.
Long
by razumcapital