DOT Price Soon To Cross $5.50Bullish Breakout Rally: DOT price shows a bullish breakout, reclaiming the $5.50 mark.
Positive EMA Crossover Event: The bullish influence on the 50-day and 200-day EMAs suggests an upcoming positive crossover.
Potential Price Jump: A successful move beyond $5.50 could propel DOT price towards $7.
Strong Comeback in October: DOT experienced a significant recovery from its support level of $3.56 during the late October rally.
200D EMA Surpass and Psychological Mark: Polkadot's recovery rally surpassed the 200-day EMA and regained the $5 psychological mark.
V-Shaped Recovery: DOT highlights a sharp V-shaped reversal from its 52-week low, indicating a strong recovery.
Intraday Trading Volume Surge: An increase in intraday trading volume supports the bullish trend.
Challenging Overhead Supply Zone: DOT's uptrend is currently testing the overhead supply zone at $5.50.
Current Trading Price: DOT is trading at $5.39, with buyers attempting to overcome the $5.50 resistance.
Recent Pullback and Market Influence: A recent pullback in Bitcoin's price to FWB:36K , resulting in market liquidations, has influenced DOT's trend.
Technical Indicators: The daily RSI is near the overbought boundary, supporting the breakout thesis, while EMA trends indicate bullish momentum.
Market-Wide Recovery and ETF Anticipations: The overall market recovery and ETF approval anticipations are key factors influencing the rally.
Price Range and Support Levels: If DOT surpasses $5.50, it might reach $6, while a downtrend could retest the 200-day EMA at $4.88.
DOTUSD.P trade ideas
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 Weekly Analysis - Are We Going to $5 or $15!?DOT broke out of its descending wedge pattern last week with a bull bar closing near its high, a strong breakout bar. Since then, the price has pulled back to the 30EMA, but will it hold?
Bitcoin is currently pulling back from its Weekly bull channel resistance as depicted in my Bitcoin 4HR and Weekly analysis. DOT will likely follow its lead with the broader market sentiment and pull back to the top of the descending wedge. If you're looking for a long, you could fade your position from here to the $5 mark and wait for a buy signal and a strong bull confirmation bar closing near its high. For the next couple of weeks, I expect the price to pull back and drip toward the downside.
Key Points
1. Breakout from Descending Wedge!
2. Pullback to 30EMA
3. Pullback may continue to the top of the wedge.
4. Bitcoin Leading Indicator, Pulling Back
5. RSI is just above 50.00, Room to Fall
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
DOTUSD support and Resistance levelPolkadot still solid inside channel up pattern, this is a great progress for bullish.
This week DOTUSD try to break resistance 1 level, but it failed and almost reach channel up support.
Target from channel up support at resistance 2 at $5.06 with maximum target at resistance 3 at $5.69
If channel up pattern break down, Polkadot still have fibonacci support at $4.05 to hold bearish movement
If you have any question about this analysis, let me know at comment below.
DOT & Market coming down?I have a portions staked and plan on buying more but I am happily going to swing trade the portions I took out of the market.
I saved myself from some major losses of gains and I PROTECT MY PROFITS!!
I want you to protect your profits.
Plenty of people that were long term investors of all crypto were shaken out.
They went long or short 5 min early or late & missed their ride in the wrong hood.
They are now not there to help pump the price or volume and if Blackrock can watch the blood dry and then come in for the Bull run in the BULL market they would rather.
This I believe is the BEAR market bull run.
Now I have a larger portion to swing trade with.
Be safe. Good luck.
This is not financial advice. Everything can shoot the moon and also go down the toilet.
I hope the best for the ones who were wiped out today.
PolkaDOT protocol is building PolkaDOT has a lot building around it!
Lots of news & hype is coming.
EverythingAltcoin on youtube has a great video posted up today. You best check it out and give him a follow!!
I believe we will see a new ATH with DOT and Cardano ADA will also be at a new ATH this cycle.
None of my work is financial advice it can go to ZERO
Polkadot DOT upside is thereWeekly chart & I will publish a Daily to show my Idea zoomed in.
PolkaDOT and Cardano ADA now are working on a partnership with Midnight is in the news.
This is the hype I believe, when the link is made I believe that will be the sell the news event.
Swapped some things around and picked up some more DOT & staked it in the last few hours.
Please bounce your ideas off of me!
None of my ideas are financial advice. Much love
Will DOT price Reach $6?Market Context: Polkadot (DOT) is showing bullish signs, especially after breaking a long-standing resistance trendline.
Current Status: DOT is trading at $4.52, forming a Doji candle to retest the broken trendline.
Resistance Level: A strong supply zone exists at the $5.57 mark.
Technical Indicators - EMA: The 50-day EMA is rising and teasing a bullish crossover with the 200-day EMA.
Technical Indicators - MACD: MACD and signal lines are rising, indicating bullish momentum.
Recent Performance: DOT has bounced by 24% in the last two weeks.
Potential Targets: If DOT breaks above $4.70, it could aim for $6.
Downside Risk: A failure to break the $5.57 resistance could lead to a retest of the $4 mark.
Market Sentiment: Overall sentiment is optimistic, especially with the bullish breakout above $4.50.
Long-Term Trend: Polkadot aims to conclude 2023 on a bullish note.
Market Catalysts: A bullish breakout could significantly increase the chances of reaching the $6 mark.
Long-Term Outlook: Polkadot price predictions remain optimistic for the coming months.
Polkadot FINALLY Been watching for a good long while.
We have broken the trend and back tested in low time frames IMO.
Risk to reward.. I am taking a chance with now.
Already bought and staked today.
Sold a few of my Solana for the DOT.
Yes they are unlocking more DOT coins and selling(possibly OTC).
Yes this could be a bad idea but we will know in 3-6 months I am guessing.
Don't play with what you cannot watch go away.
DOT could go to ZERO none of my ideas are EVER financial advice.
Have been seeing videos and posts of SOL going to 3K....
I am guessing we are about to see a selloff.
Be safe Y'all and good luck!!
DOTUSD (4H) - Bullish breakoutHi Traders
DOTUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 4.414 resistance level. Only the downward break of 4.105 would cancel the bullish scenario.
Trade details
Entry: 4.414
Stop loss: 4.105
Take profit 1: 4.605
Take profit 2: 4.914
Score: 8
Strategy: Bullish breakout