DOTUSDTPERP
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Entry target $4,630 and desired targets
The first target is $9,579, the second target is $19,379, and the third target is $23,466 for 2023.
The time period for these targets can be said to occur in a week to several weeks because everything is done explosively in the digital currency market.
Polkadot DOT. Maybe it's time to start growing, or not?)Dot's price was in the "group of leaders" that were the first to break out of the prolonged downward trend.
However, "the winner music didn't last long", after a 2-month rise in the DOTUSDT price with a result of +90%, consolidation has been going on for the 3rd month.
Roughly speaking, there is nowhere to fall below the price of the Polkadot token. The critical level from below is $4.83.
If we model Elliot waves on the current trading situation on the DOTUSD chart, we can assume that wave (2) is close to completion.
The next wave is an upward wave (3), with the most conservative targets for its growth ranging from $10-10.50 to $12.30.
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DOT Watchout for Resistance LvelDOT is near its Resistance level at $5.65. There is 2 Possible scenarios, Yellow and Red.
Yellow: DOT created double top pattern and if $5.65 Resistance will be broken it can move to its next Resistance as a trend line + EMA 200 from where I am expecting a continuation of bullish trend.
Red: Coin's price will keep moving inside the triangle until we eventually will see a break out.
In both scenarios DOT has the next target at $7.3.
Trade safely.
DOTUSDT likely heading down for daily support around 5.55The price has close below the weekly support which is not a good sign. It might reclaim it this week if it is still bullish but from probability point of view the price seems to be going lower from here. I expect the price to reach to the next weekly support which is sitting around 4.5 zone but there is a daily support in between which may hold the price. Therefore, let us focus on the daily support as a target first and then reevaluate the weekly support target. The daily support is sitting around 5.55.
DOTUSDT on daily support, likely to head towards 6.4The price has hit the daily support. A long shall be favorable here. The target for the long should be the daily resistance around 6.4. If the price loses daily support, the price is very likely to bounce from weekly support marked on the chart. That support is very likely to hold and makes the long very favorable.
💡Don't miss the great buy opportunity in DOTUSDTI like to hold dot because it gives good deposit interest. Since I saw the opportunity, I wanted to share it immediately, I will do the detailed analysis in the comments. Actually the chart shows the entry, stop loss and take profit points :) Good luck.
DOT/USDT Perp, new ATL coming?? Greetings all, I am back with my analysis of DOT/USDT Perp. As the current mini bull run is reaching its conclusion, it's my belief that the bear market has not fully subsided. The current market price for DOT/USDT is $6.656. After having taken some profits from a previous long position, I think it is prudent to consider a retracement.
A close examination of the higher time frame market structure reveals that DOT/USD has yet to clear the previous November high. This is a crucial technical level, and as a result, I believe that a retracement to the $5 area is likely. In light of this, I have taken a small short position with a target of $5.5, where I plan to take profit. My invalidation level has been marked on the chart.
As always, I advise all traders to conduct their own research and manage their risk appropriately.
Polkadot DOT price growth is still aheadIt is very likely that the DOTUSDT price is currently in the process of forming a global reversal trend pattern - "Inverted Head and Shoulders"
Of course, the final confirmation of the pattern's formation will come after the DOT price is firmly established above $10, and buyers will need to make a lot of effort to achieve this.
Looking at the chart, we can say that the rebound of the DOTUSD price from the bottom can be called quite weak compared to other altcoins.
Buyers of Polkadot token have not broken "shorts stops" yet, which are most likely hiding above levels $7.20 and $8.20, which are the first targets for growth.
Once this target will reach - when the shorts' stops are broken - a price correction may begin.
The medium-term target for DOT price is growth to $10+.
Long-term target - growth in the range of $19-23.5
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DOTUSDT LONGHello guys, how are you ? I hope you are doing great
Today I came with a DOTUSDT buying opportunity since January 2023 polkadot has shown strength and upside move and it was able to break 2 levels which is the level of 4.587 and 5.725 and now we are retesting the zone between 5.544-5.814 most importantly we are retesting the broken trend line that has a great strength to the market . Drop down to a smaller time frame something like the four hour or hourly chart and find a double bottom or inverted head and shoulder pattern inside the zone is a wise way to trade long
Have a good day !
DOTUSD - one more leg down - SHORTDOTUSD remains in the downtrend.
A small pump to get rejected from the downsloping resistance line is still possible, however in our opinion one more leg down is coming. RSI has not been oversold yet.
The buy zone for the next bull market is between $4,70 and $3,50.
Don´t rush to buy.
Patience is a key
#DOT is going to reach 35$ before December 2023DOT broke the strong dynamic resistance weekly, and it will hit the first resistance zone under 10$ between 8-10$.
In the next six months, DOT will reach 19 & 23 $
In my view, DOT is going to reach 36$ before December 2023
The first resistance zone is 8.8--9.7, and after correction next important zone is between 14--16$ that Dot can reach that before May 2023.
DOT/USDT 3DAY UPDATE BY CRYPTO SANDERS Hello, welcome to this DOT/USDT 3DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-DOT is moving in a long-falling wedge and presently holding over its strong horizontal support, from where we've previously seen a huge bullish rally.
RSI is in the oversold area, printing bullish divergence. We've to keep an eye on a solid breakout, which will confirm a pleasant bullish rally in it.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
DOT ANALYSIS#DOT UPDATE.
#DOT is currently holding the double bottom support at the red line area and close below to the red line area could result in pullback support by the bearish divergence on RSI.