DOTUSD trade ideas
Polkadot Bullish SignRecent bullish crypto movement gives DOT token opportunity to run side by side. Breaking upper trendline gives DOT strength to retest 50% of move down.
POLKADOT TIME TO BUY????Hello traders as you can see Polkadot is displaying a but signal on the CE, the stochastic RSI is also starting to come up as well as BB% indicating increasing volatility. Waiting for a fractal conformation I believe the bottom is in for DOT. We can also see some volume on the weekly. Polkadot could see $26 as a starting point
DOTUSDThis Month FORECAST
Opportunity for DOTUSD. This setup trading idea is for SWING. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Polkadot: 2-Hour Chart AnalysisLet's take a deep dive into the Polkadot BINANCE:DOTUSD 2-hour chart. We may have already completed Wave (2). However, there's a possibility of a further descent to the 61.8 or 78.6% retracement levels. This wouldn't be surprising, given that it's quite brief for a Wave (2) in the time-based Fibonacci zone. Despite this, the overall chart still appears predominantly bullish and suggests we might have initiated a trend reversal.
🌊 Potentially, we should watch for a subordinate Wave 2 soon, which would lay the groundwork for an overarching Wave (3). Nevertheless, this Wave (3) seems to be in the distant future, with a target of at least near $16, which is considerably far off. It's entirely feasible that we'll see this in the future.
The key question is...when? Will we see it immediately, or will there first be a pullback that goes deeper, possibly filling our overarching chart limit order at $5.87? Only time can tell, be patient, we will keep you updated
DOTUSD It looks long with a correction to the nearest level up to 6.34, perhaps even lower from the zone of 6.25-6.31, from there you can look for buy points up to the level of 6.63 - 6.83
Polkadot buy at USD5.85-65.85 is the .618 retracement on DOT, which lands perfectly on the support band.
If you would like to make more DOT, you could stake it as well for 1 year.
DOT Price Breakdown Warns 20% SlideHead and Shoulder Breakdown: DOT's daily chart shows a bearish reversal with a head and shoulder pattern breakdown.
Crucial $6.50 Support Breached: The bearish momentum intensifies as Polkadot's price falls below the key $6.50 level, aligning with the 50% Fibonacci level.
Risk of Dropping Below 200-Day EMA: If the current sell-off pushes DOT below the 200-day EMA, a further decline to around $4.80 is possible.
Increasing Selling Pressure: A noticeable increase in trading volume during the downtrend suggests a potential continuation of the bearish trend.
Technical Indicators Suggest Downfall: The MACD crossing below zero and growing bearish histograms point to a likely extended downturn.
Market Sentiment Turning Negative: Growing fears and uncertainty among investors could exacerbate the sell-off.
Potential Downside Targets: The current bearish dynamics could see DOT's price dropping below $5, possibly testing the $4.80 level.
Rebound Potential from 200-Day EMA: A recovery from the 200-day EMA could push DOT's price back towards $7.
Bearish 2024 Start for Altcoins: The year begins with a strong bearish trend for altcoins, including Polkadot.
Impact of Broader Market Trends: The broader market downturn is influencing DOT's price action.
Critical Level to Watch: The 200-day EMA stands as a decisive level for future DOT price movements.
Investor Sentiment Key: Investor reaction to ongoing market conditions will be crucial in determining DOT's short-term trajectory.
DOT Price Analysis: Bullish Breakout LoomsKey Analysis Points
Current Market Scenario: DOT price reveals a significant bullish trend, poised for a breakout.
Performance Highlight: With a 79% increase in intraday trading volume, DOT price shows strong momentum.
Technical Outlook: If DOT breaks past $8.35, it could soar to $12, marking a potential 40% hike.
Market Catalysts: Bitcoin Spot ETF approval has infused positive sentiment, benefiting Polkadot's price.
Weekly Chart Review: DOT displays a dramatic reversal, escaping a falling channel and targeting the $8.35 resistance.
Short-term Consolidation: A brief pause in the rally, followed by an evening star pattern, suggests a buildup for the next move.
Price Movement: DOT is currently trading around $8.20, with an 18.84% weekly increase.
Technical Indicators:
MACD: Indicates sustained bullishness in the daily chart.
50W EMA: Offers dynamic support, underpinning the ongoing uptrend.
PolkaDOT and ARB I believe are starting their wave 5sWave 1 of the 5th wave is in?
This is how I am playing it.
Around 8.20 is my next target for wave 2.
8.80-11 targets for wave 3.
After that we could see some pain I believe.
This could also flop.
NOT FINANCIAL ADVICE!!
Let's see that 50K BTC!!
DOT is bullish on the daily chartIn the daily chart, DOT is moving to the target of $19.5 after breaking its trend lines and main resistances.
PolkaDOT & market about to DROP????I'm almost all in cash now.
I have made my week!
Set my buy orders in and alerts are on.
Ready to buy lower prices after they exhaust retail.
Potential trend change figure on DOTAfter a uptrend since october, there is potential head and shoulders figure on DOT. See how 0.5 by fibonacci is lined up with a neckline.
Polkadot double bottom?Volume is pumping!
After getting kicked out on my last trade I am back in!
First target is more than 5%.
Have any of you been stacking?
They are one of the most active ecosystems and have a bright future I believe.
I will stake more of this purchase also
NOT FINANCIAL ADVICE!!
At the moment PolkaDOT is looking good!Current market bears are talking....
This could be the time for a pump!!!!
I would say after 36 hours we go bear mode again!!
I did just buy and plan on selling off above $8-$10.
NOT FINANCIAL ADVICE!!!!!
DOT - ShortGood luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
DOTUSD LONG, entry 7.64Daily timeframe, using volume profile shows a drop to 7.6 is likely a 1.7 R:R trade seems reasonable
DOT looking about to pump again?The way I like to trade and my belief that DOT could go above $25 soon has me buying more.
I also might stake more of it!!
$10 I think is a simple TP but I ain't.
NOT FINANCIAL ADVICE!!!!
Polkadot's Journey Beyond Trends and CorrectionsPolkadot has broken the rising trend up in the medium long term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. There is no resistance in the price chart and further rise is indicated.
Volume has previously been high at price tops and low at price bottoms. Volume balance is also positive, which strengthens the trend. The currency has strong positive momentum and further increase is indicated. high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
