Polkadot - Bullish ChartDOTUSDT price bounced back from the support and broke the down trend line, also closing above the previous recent high, which is bullish.
As soon as bitcoin dominance starts to show some signs of weakness, DOT should rise.
Polkadot
DOT/USDT Poised for a Bull Run? 👀🚀DOT Analysis💎Paradisers, let's direct our attention to #DOTUSDT, as it's showing signs of a potential significant move from a key demand level.
💎#Polkadot is demonstrating an upward trend, hinting at a likely bullish breakout from its current demand zone. We anticipate a retest of the demand level at $6.38, with a major supply zone in sight. If #DOT holds above this level, it might set the stage for a rise toward the major supply zone at $9.0.
💎However, if #DOT struggles to maintain its position above the support, a reassessment of our trading strategy may be in order. In that scenario, we would look towards initiating a bullish movement from a lower bullish Order Block (OB).
💎It's vital to keep a vigilant eye on this level, as a drop below it could trigger a considerable bearish trend.
💎Stay sharp and flexible, Paradisers. Your ParadiseTeam is committed to offering the latest insights and strategic guidance, ensuring you're fully prepared to handle these market movements.
DOT waite for rengAnalysis by EZ7.startegy📊
This idea represents a price chart for the crypto asset **DOTUSDT**, analyzed using the **EZ7strategy. Let's break down the key elements:
1. **White Trend Lines**: These lines depict the asset's price movements.
2. **Red Annotation**: It signifies the strategy "Sell in high channel and base bear-trend."
3. **Green and Red Shaded Areas**: These indicate potential buy and sell zones.
4. **Price Levels**: Midle target levels at 7.295 and 7.737 are highlighted.
5. **Oval Highlight**: Indicates where the trendline and candle base broke, suggesting a potential trend change or significant price movement.
6. **DOTUSDT Logo**: Visible at the bottom right corner.
Using images and charts in crypto asset analysis can be valuable for professional traders. This image may provide useful insights into the price trend of DOTUSDT.
DOT - Ready for a big runDot gives a live example of the Wyckoff Accumulation Schematics
Rebound target zone: $18 - $21
PolkaDot is about to make some sad pandasIf this rolls over you might be lucky to get out at $6.90.
I am looking to buy back in near $4.30
Bull run in a bear market...
NOT FINANCIAL ADVICE!!!!!
Long DOT to 9.60 - 23%+ Profit PotentialAnother trade I've taken today is here on DOT. Once again, my proprietary blend of custom indicators are all flashing green. Reinforcing the bullish signal is, of course, good volume support on the underside of price along with all SMAs (50,100,200). RSI is hot but not in overbought territory as, it would seem, everything else is. I can see us double-topping before any sort of pull-back. I'm in at 7.77 and targeting 9.60. My SL is at 6.86 with a RRR of 2-to-1. Potential gains here top 23% to our final target.
DOT Polkadot Price TargetIf you haven`t bough the Double Bottom on DOT:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for DOT Polkadot is the next resistance, $7.90.
Polkadot ($DOT) Poised to Reach Local High of $9.6
Alternative coins have yet to catch up with Bitcoin's ascent, including CRYPTOCAP:DOT , which is currently oscillating between a support zone of $7.0–$7.3 and a resistance zone of $7.62 –$8.20.
There's an anticipation that buyers will soon make a move to break out from this sideways range upwards. Potential targets include resistance zones at $8.46, $8.74–$9.2, and the local high of $9.6 established on December 26, 2023.
With Bitcoin on an upward trajectory, significant pullbacks in Polkadot's chart are unlikely. The price might retract to the support area of $5.96–$6.57, but falling below this bracket seems improbable.
DOT/USDT Bracing for Impact at Key Supply Zone? 🚀POLKADOT💎 Paradisers, gear up for a thrilling phase with #DOTUSDT as it approaches a critical supply level, signaling possible future maneuvers.
💎 A glance at #POLKADOT shows its recent ascent from a descending channel, now nearing the crucial supply mark at $7.777. A breakthrough above this point, coupled with sustained momentum, could usher in a climb towards the higher supply region at $9.574.
💎 Should #DOT honor the $7.777 supply zone without breaking through, a bullish push from the subsequent demand level at $5.909 might be on the cards, with a fall below this threshold potentially leading to a significant downward trend.
Trade Setup: Polkadot Head and Shoulder ReversalA head and shoulder reversal pattern has formed on $DOT. If CRYPTOCAP:BTC continues to dump it will drag down altcoins with it and this pattern will activate. If that happens I expect it will bounce around the 161.8 fibonacci extension which coincides with a retest of a major falling wedge pattern that we broke out of earlier this year.
I remain bullish on CRYPTOCAP:DOT in the long run and I am keeping an eye on the weekly cloud E2E trade which I expect will play out later this year. A short term dump will be a good opportunity to load up big for that.
DOT to $30 in 2024 - at least 400% gains!Edge to edge trade activated on the weekly cloud. Price will look to return to the 50% fib level of the previous drawdown which is a 400% gain from current levels.
Some other positive DOT news is that the community recently voted to implement a deflationary mechanism by burning the revenue from Coretime sales. This should help with long term price appreciation.
DOT: plan for the next few months, Dump and big pumpDOT is overall bullish, but I am still expecting a final correction. We have a total of 4 swing highs next to each other, which is a good opportunity for whales to take all stop losses from traders. Do not get caught in the trap and follow my plan. Buy DOT lower and expect a strong bull market this year! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
The network uses an NPoS (nominated proof-of-stake) mechanism with validators and nominators.Nominators back validators with their tokens. These staked tokens maximize chain security by making it prohibitively expensive to misbehave.
Validators are staked on the Relay Chain and confirm transactions coming from the different parachains. This unique validity scheme enables chains to interact with each other securely under the same rules, yet remain independently governed.
🚨Polkadot(DOT) can Drop ➖15%🚨✅The Polkadot(DOT) reacted well to the Resistance lines and started Falling again .
🌊Regarding Elliott wave theory , Polkadot(DOT) seems to be completing Corrective Waves .
🌊The structure of Corrective waves is Zigzag(ABC/5-3-5) .
🔔I expect the Polkadot(DOT) to go down to at least the🟢 Support zone($6.30-$5.67) 🟢and Support lines to complete microwave 5 of the main wave C .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Polkadot(DOT) Analyze (DOTUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
polkadot finally preparing for massive bullish rally Seems Like Getting Ready For Another Breakout Already In Uptrend Approaching Towards Descending Trend line Incase Of Breakout Expecting Bullish Rally Towards 10$ In Coming Days
keep eyes on dot coin for breakout
Robust Support LevelAt present, Polkadot is oscillating above a robust support level, indicating a steady position in the market.
Should it manage to overcome its descending trendline, it could pave the way for significant upward momentum and growth.
Polkadot is getting ready to moving upward Hello SSE community
As you can see in the chart, 3Dot in this USDT pair is consolidating the potential supporting area around 6 - 5.8 dollar which is my potential entry zone if the supporting area works well.
My potential targets for Dot in the next 3 months are 20 - 23 dollar
If you are looking for short position in the current market pay attention to the level of liquidity around $7.3 it could be hunted all shorts then continue to the correction.
Big thanks, Let's change the WEB3 world together
POLKADOT Trade Idea (DOT)PolkaDot (DOT) has rallied on the 1D time frame and we can see a choch break above a previous balance area high. Price is currently testing a key resistance level. We are considering a buy opportunity if price retraces into the 50-61.8% Fibonacci zone.
This analysis is solely for educational purposes and should not be considered financial advice.
THOT DotIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Want to see an impulse up and out of this box, for confirmation.
Box break must re evaluate! lol
DOT is charged to reach the moonHello, Skyrexians!
Bitcoin yestrday formed the bullish reversal bar inside the target area. At the same time altcoins including DOT did the same. 0.61 Fibonacci is super strong support area. Bullish reversal bar is the also the great sign of the potential reversal. We expect new highs for DOT in the next month.
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is DOT in a H&S? I'm not sureThe price chart really looks like an H&S, the RSI and OBV show a decline (bearish DIV) and especially RSI didn't follow the price surge of the head. However the volume pattern should be different. To be an undeniable H&S we should have a volume peak either at the peak of the left shoulder or at the first test of the neckline while head and right shoulder should present a declining volume. This is not the case.
profitandstocks.com
However, if the allegedly right shoulder will breakdown the neckline with a surge of the volume this will act as an H&S even if it's not how the books say it should be. In any case, as it is now, it's a bearish pattern.
In case of dumping the bounce should happen around 4.7 USDT but it could be a bit over or lower it. The reason I'm not sure is that retail trading suggest 4.5 and SMT suggest 4.86. Just don't FOMO now.
Good luck
POLKADOT (DOT Trade Idea DOT/USDTPOLKADOT (DOT) has faced recent downward pressure; nevertheless, it is presently trading within a pivotal support zone, as evident from the chart. In the event that the Dollar Index (DXY) gains from its current retrace, DOT/USDT may pursue additional downside targets, given the typical inverse correlation between DXY and DOTUSDT. It is imperative to underscore that this analysis is exclusively offered for educational purposes and should not be interpreted as financial advice.
