Will PolkaDot DOT reach the sky this bullrun?Hello, Skyrexians!
Despite the Bitcoin price fast recovery after correction, altcoins remain dead and we understand that it's really annoying for most of market participants. Most of traders now in huge loss after -60% dump for entire crypto market since March 2024. But crypto trading is very risky to experience it without proficiency in different crypto trading strategies. This time even top crypto bot trading strategies and the best crypto traders failed. Nobody has been waiting for such a big crash. Analyzing ideas of top crypto traders on TradingView we can see that most of them are still bullish. For sure it does not mean that market will definitely do down, but if when it start bouncing they remain bullish mood it's gonna be dangerous signal and different trading tools such as automated trading bots, grid trading bot and other algorithmic trading bots can face with a huge loss again. In our opinion only ai crypto trading bot can overcome this problem because of using non linear approach.
In today's article we are going to share with you our analysis on BINANCE:DOTUSDT to help you setup your crypto trading bot algorithm or trade manually. Hope it will help to avoid mistakes and decrease potential losses. Let's get started!
DOT macro overview
History of this crypto asset has enough bars to make a complex analysis. This fundamentally strong L0 project has been listed in 2020 just before the massive bull run. The previous bull run wave the largest degree wave 1. After that we saw the first sell off. Some traders may tell that it's wave 4, but we counted it as wave A inside the larger wave 2. Wave B set up the bull trap and printed the irregular correction and after that the wave C has started.
In our opinion this wave C inside 2 has been finished in October 2023 with the massive reversal bar at the bottom. This is the strongest signal of trend end. Now the new impulsive wave 3 has been started. We want you to pay attention to the fact that DOT is the uptrend asset, price has not hit the previous bull run start and it's the great sign that in this cycle it has a great chances to set new ATH.
Talking about potential targets we can use our favorite Fibonacci extension. The most conservative target is $51 (almost at the ATH), the likely one is $79 and unbelievable is $119. We expect the reaching at least the first target in $2024-$2025.
Polkadotusd
Polkadot Next BullRun- Okay now that we got the Bottom ( 4.3$ ish).
- We can try to calculate the highest points for the next bull run.
- i am not in patterns too much but we can see that DOT formed a kind of Cypher Bullish Pattern.
- A resistance was created around 9.80-10$.
- So Polkadot will have to go retest this zone and breakout to climb more.
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- TP Zones :
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- TP1 : 50$ ish (ATH 2021).
- TP2 : 85$ ish (161.8 Fibo).
- TP3 : 200$ ish (Max Fibo 423.6).
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- Like Always :
-- Take your train ticket before the mass.
-- Sell when others rush to buy :D.
Happy Tr4Ding !
Polkadot📊Analysis by AhmadArz:
This is the time when we are looking for the best points to buy in this chart so that we can double the capital.🚀
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DOT: break renge level📊Analysis by AhmadArz:
🔍Entry: 7.370
🛑Stop Loss: 6.927
🎯Take Profit: 7.692 -8.102 -8.443
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BTC: break reng fr buy📊Analysis by AhmadArz:
🔍Entry: 8.893
🛑Stop Loss: 8.512
🎯Take Profit: 9.304-9.688
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Polkadot (DOT) - Bearish Short TermPolkadot (DOT) has also fell below the 20-day EMA & 50-day EMA on April, 2nd. Previous support level for DOT has been broken at: $8.67. A daily candle is going to close bellow this support level and both EMA's which is extremely bearish short term. Due to this, bears could push the price action down towards to around $8.20 area.
However, If Polkadot bulls can hold the price and rebound off $8.20 by the end of this week. Bulls will create a rally to retest $9.74 target shown from the chart. A break above this, bulls will have more momentum and attempt to push the price further to $11.88.
Key Levels:
-New Support= $8.02
-Previous Broken Support Level= $8.67
-Target= $9.74
*Resistance= $11.88
Cryptolean Polkadot DOT UpdatePolkadot is consolidating in the daily range zone between $8.34 and $9.38 where we continue to see a rangebound price action.
A bullish move from the current price location and a break-out of $9.38-$9.79 will send DOT price higher towards $10.30-$10.74 and higher.
A bearish break-out of $8.34, the key daily support, will push Polkadot price towards $7.46.
DOT POLKADOT Technical Analysis and Trade IdeaDOT Polkadot 's recent bullish run has given way to a retracement, offering potential short entry opportunities. Price is approaching a key higher-timeframe support level however, so proceed cautiously and prioritize risk management. Further downside is possible. This analysis is for educational purposes only, not financial advice.
Cryptolean Polkadot DOT Update Polkadot is consolidating above $10.74.
A bullish reversal from the current price location will result in a bullish move to $11.78.
A bearish break-out of $10.74, the key daily support, will push DOT price towards the support zone of $9.38-$9.76.
Intraday Chart
The DOTUSDT 4-Hour chart is bullish and is trading above $10.91.
(1) A bearish dip and a bullish rejection of $10.91 or (2) a bullish move from its current price location will push price to the key intraday resistance zone of $11.62-$12.13, where I will be closely watching the #Polkadot price action.
A bearish break-out of $10.91 will lead to a slow price decline to $10.31.
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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.
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.
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.
bearish trend (DOT)📊Analysis by AhmadArz:
🔍Entry: 6.59
🛑Stop Loss: 6.68
🎯Take Profit: 6.45
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Get fake-breakout (DOT)📊Analysis by AhmadArz:
Trade in two directions with Fake-breakout .
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DOT → Rocket to the Upside? This Simple Analysis Answers That!DOT reversed from $5.88 into a bear channel on November 11th and had three pushes down that ended 10 days later. This point of impact included contact with the 200EMA which resulted in a large bull bar closing near its high. So is the bear channel over and this bull flag play out?
How do we trade this?
The current price area is crucial to whether or not we long here. If this bar closes on or near its high it will be yet another strong bounce off of the 200EMA forming a higher low. Such an occasion gives us enough justification to enter a long position, placing a stop below the 200EMA and targeting the previous high when the bear channel started.
It should be noted, that the price is below the 30EMA and the bear channel resistance, so watch out for resistance at these levels. Be prepared to either take some profits at the bear channel resistance or get out if the price action begins to show signs of reversal, such as strong bear candles closing on or near their lows.
Taking selling half of your position for profit at bear resistance gives you about a 1:1 Risk/Reward. You could move your stop loss up to break even, and then you've locked in profits. The remaining half of your position becomes a bonus at the 1:3 Risk/Reward, which should allow you to make more rational decisions in your trade management.
Trade Idea
Long Entry: $5.14
Stop Loss: $4.92
Take Profit: $5.80
Risk/Reward Ratio: 1:3
Key Takeaways
1. Bear Channel/Bull Flag, Look for Long Entries.
2. Three pushes down, Bear Capitulation Candle on the Third.
3. Strong Bull Response on 200EMA, Reversal Evidence.
4. Currently forming a higher low, wait for the Candle to Close.
5. RSI coming up from 33.00, Bias to Long.
You are solely responsible for your trades, trade at your own risk!
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DOTUSD request analysisThis chart are update from my previous analysis.
Right now DOT still channel up pattern, and already touch fibonacci support at channel up support, and broken channel down pattern with a strong candle.
Bullish will continue to reach previous resistance at $5.74
and we also have new bullish target at $6.41 as fibonacci 1.618 projection
*I draw path line, if $5.74 still hold bullish, our new support level at channel up support.
DOT Polkadot Technical Analysis And Trade IdeaWelcome to our DOT/USDT Technical Analysis and Trade Idea. In this video, we will delve into the charts, focusing on the prevailing bearish sentiment found in the weekly (1W) and daily (1D) timeframes. Notably, our charts signal that Polkadot is currently on the verge of a resistance level, a pivotal turning point for this crypto asset. Throughout this discussion, we will explore the fundamental tenets of technical analysis, encompassing vital aspects such as analyzing the ongoing market trend, price dynamics, market structure, and other critical elements of technical analysis. As we progress through this analysis, we will meticulously examine a potential trading opportunity within the NAS100 index.
It is important to note that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the stock market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.