Dot Coin Analysis ( 1 / Dec / 2023 )Dot Coin Analysis ( 1 / Dec / 2023 )
Dot Resistance :
5.809
5.563
Dot Support :
5.306
5.200
5.045
DOTUSDT.3L trade ideas
DOTUSDTDOTUSDT Short at LH (also 0.5 FIB Level occur, trendline resistance intact )
Analysis at 4 hour
SL,TP mention in chart
DOTUSDT - Bullish TrendDot is displaying bullish signs but not following trend line as of now. Fib retracement shows its up and above.
DOT BULL FLAG - BREAKOUT COMING?MIL:DOT DAILY CHART
DOT is forming a bull flag after a significant move up and break of the downtrend. The key resistance remains $5.70.
A break of the bull flag would target ~$8.80 based on the length of the flag pole.
Nice volume on the move up, decreasing as price consolidates. There's nothing to do here unless we see a breakout from the bull flag - until then this is just an idea.
DOTUSDTFor this currency, I will wait for the liquidity of the support areas to be hit
Or
The high is broken
DOT/USDT 1HInterval ChartPlease see the chart of DOT in pair with USDT. First, we will use the blue lines to mark the downward trend channel, where the price is moving in the upper range, but in this channel, the yellow lines can be used to define the local upward trend channel.
Going further, we can move on to marking support areas when we start a larger correction. And here the first support is at the current price level of $5.23, then we have a support zone from $5.12 to $5.03, and then we have a strong support zone from $4.81 to $4.65.
Looking the other way, we see that the price has reached the resistance zone from $5.33 to $5.40, which it does not have the strength to break yet. However, if it manages to come out on top and out of the downtrend channel, it must overcome the zone from $5.50 to $5.63.
Please look at the RSI indicator, which indicates a rebound with room for the price to drop to a lower level, while if we look at the STOCH indicator, we will see that it is moving at the lower limit, which resulted in a slowdown in the correction and may result in a temporary price rebound.
Bullish scenario for $DOTBuying Dot at this accumulation stage is the best long time investment, the Orange color price highlight is the best buy option for me, hold and wait for the distribution stage.
Goodluck.
DOTUSDTIs DOTUSDT exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 4.5
What you guys think of it
DOT shortDOT broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 4.87 is possible.
DOT Polkadot Price TargetIf you haven`t sold DOT here:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is DOT Polkadot.
I've set a short-term price target for DOT Polkadot at $0.41.
Looking forward to read your opinion about it!
DOT target 712h time frame
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DOT broke the downtrend line and creating a small bullish flag(lower time frame). Also, DOT might start following the Dow's theory to go above previous high at 6, then this breakout will be validated. With Fibonacci analysis, we can have target at 7 and 8
TP: 6.8~7.3 / 8.2
SL: 4.77
DOTUST - SHORT
Technical Analysis on DOT/USDT (Polkadot/Tether) - Short Trade Setup
Overview:
The analysis focuses on the DOT/USDT trading pair, evaluating its current market conditions and proposing a short trade strategy based on technical analysis. The primary observation is that DOT/USDT is currently trading within a bearish channel.
Bearish Channel Analysis:
A bearish channel is identified when a financial instrument consistently forms lower highs and lower lows. This indicates a downward trend, suggesting that sellers are in control. For DOT/USDT, this downward-sloping channel serves as a visual representation of the prevailing bearish sentiment.
Key Resistance Line:
Within the bearish channel, there is a notable upper resistance line. This line has been consistently limiting upward price movements, acting as a barrier for the bulls. Identifying this line is crucial for our short trade setup.
Confluence with 61.8% Fibonacci Level:
To strengthen the analysis, the upper resistance line coincides with the 61.8% Fibonacci retracement level. The Fibonacci retracement tool is widely used in technical analysis to identify potential reversal levels. The confluence of the upper resistance line and the 61.8% Fibonacci level adds significance to this price zone, making it a strong potential reversal area.
Short Trade Setup:
The proposed short trade involves entering a position when the price retraces to the upper resistance line within the bearish channel. This retracement provides an opportunity to enter the market at a favorable price, anticipating a continuation of the bearish trend.
Take Profit Strategy:
The take-profit level is set at the 121.2% Fibonacci extension. Fibonacci extensions are used to identify potential levels of support or resistance beyond the standard retracement levels. In this case, the 121.2% extension serves as a target for the short trade, suggesting a potential area where the price could experience a more significant downward movement.
Risk Management:
To manage risk, a stop-loss order should be placed above the resistance line or a recent swing high. This helps limit potential losses in case the market behaves differently than anticipated.
Conclusion:
The analysis suggests a short trade opportunity on DOT/USDT based on the bearish channel, the upper resistance line, and the confluence with the 61.8% Fibonacci level. Traders should be diligent in monitoring the trade and adjusting their positions according to market developments. As with any trading strategy, risk management is crucial to protect against unexpected price movements.
$DOT SWING LONGThis week we have the scariest situation where everything goes reversed.
Still I stick on spot or very low leveraged positions.
Accumulate MIL:DOT
1. This weeks candle looks so good that it just tested its breakout. Targets are labeled.
2. 4H about to start a very good run short term rn. Might make a good floor by this weekend.
DOT shortDOT bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 4.835 is expected to happen.
Dot Polkadot 2.0 is coming soon. Polkadot 2.0 is a major upgrade to the Polkadot network that offers new capabilities, including improved scalability, greater security, and increased interoperability. Polkadot 2.0 is scheduled to launch in early 2024.
Overall, Polkadot is a promising project with a lot of potential for growth. With the launch of Polkadot 2.0 and integration with new projects, Polkadot could become a major force in the cryptocurrency ecosystem.
support and resistance ranges in DOTUSDTYou can see the support and resistance ranges in the picture. If the supports are lost, these levels will become resistance ranges and vice versa, that is, when the resistance range is broken and these ranges are stabilized, they will become support ranges.
DOT levels for going long Hi. Each level is a new trade. It's not averaging.
My take profit is the level above.
SPOT.
Will DOT wake-up soon ? Hello Traders,
MIL:DOT is acting like an old man, but actually it might start to re-gain it's adulthood again soon
Seems like it's forming Bull Flag when looking to small timeframes
although if you switch to Daily timeframe you will find that it already broke a falling wedge with target towards 7.8$
based on hourly timeframe
MIL:DOT is trying to reach the top of the flag at 5.650$
at which we will need Huge buying volume to confirm a breakout from the bull flag towards the resistances shown on the chart + two 4h confirmatory candles.
On CRYPTOCAP:DOT.D dominance broke a falling wedge / descending channel too which somehow shows that we will have an increase on MIL:DOT dominance and Volume .
Thank you!
Have a nice day.
Btc or dot?Polkadot 2.0 is coming soon. Polkadot 2.0 is a major upgrade to the Polkadot network that offers new capabilities, including improved scalability, greater security, and increased interoperability. Polkadot 2.0 is scheduled to launch in early 2024.
Polkadot is gaining popularity. Polkadot is gaining popularity and the number of projects that use the Polkadot network is increasing. This increase in popularity has led to an increase in the price of Polkadot.
Overall, Polkadot is a promising project with a lot of potential for growth. With the launch of Polkadot 2.0 and integration with new projects, Polkadot could become a major force in the cryptocurrency ecosystem.
DOTMonitoring this trade on DOT-USDT.
DOT is above downtrend trend line, in nice bull flag.
I am waiting for break this formation with target around 6.8 USD.
DOT is BearishDOTUSDT is moving downwards and has printed an evening star candle which indicates a new lower high and possible continuation of bearish momentum.
See if it can rise above 6.207-6.280Hello traders!
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Have a good day.
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(DOTUSDT chart)
DOT corresponds to a coin that is expanding the coin ecosystem.
And, it is one of the coins that has not yet risen above the MS-Signal indicator on the 1M chart.
Accordingly, the key is whether the price can rise above 9.262 and maintain the price above the MS-Signal indicator on the 1M chart.
(1W chart)
To break out of the bottom zone, the price must rise above 6.207 and remain there.
However, the section where a full-fledged upward trend begins is expected to occur only when the price rises above 9.262-10.1307.
(1D chart)
Currently, the M-Signal indicator on the 1M chart is located above 7.187.
Accordingly, it is necessary to check whether the price can be maintained by rising above 5.382.
If that happens, it is expected to lead to an attempt to touch the M-Signal indicator on the 1M chart by rising to around 6.207-6.280.
If not, you should check for support around 4.876.
If it falls below 4.876, it will fall into the mid- to long-term investment area, that is, the bottom, so be careful.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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