DOTUSDTDOTUSDT Buy at HL (also 0.5 FIB , trendline support intact)
SL , TP mention in chart
Analysis at 4 hour
DOTUSDT.PS trade ideas
DOT USDT LONG SWING| DOTUSDT | LONG @ 6 - 6.5 | TP @ 6.75, 7, 7.25, 7.5, 7.75 | SL @ 5 | PATTERN = FALLING WEDGE | BYBIT |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:DOTUSDT BINANCE:DOTUSDT.P BINANCE:DOTUSD BYBIT:DOTUSDT.P OKX:DOTUSDT.P MEXC:DOTUSDT.P COINBASE:DOTUSD BYBIT:DOTUSDT
DOT/USDT If DOT Success Breakout the resistance Easy to $13💎 DOT has certainly established itself as a notable player. Currently, DOT is on an upward trajectory, making another attempt to break through a key resistance area.
💎 Earlier, DOT faced rejection at this level, leading to a downward movement. A successful breach of this resistance zone could pave the way for a smoother climb for DOT, potentially allowing it to reach the targeted bearish OB area.
💎 However, should DOT once again fail to surpass this resistance barrier, it might retreat to the support level around $7.7. A more concerning scenario would see DOT descending further, possibly reaching the Bullish OB area.
💎 The Bullish OB zone becomes crucial in this context. For DOT to resume its upward trend, it is essential that it rebounds from this zone, regaining enough momentum to challenge the resistance once more. Failure to hold ground in the Bullish OB area and a subsequent breakdown could signal a shift in DOT's trend from bullish to bearish. Such a development could lead DOT back towards a more substantial demand area.
Dotusdt Bounces from strong zoneDOT has exhibited a notable bounce from the extreme demand zone, showcasing resilience in its price movement. This momentum suggests a potential for continued upward trajectory. It's advisable to monitor the chart closely for informed trading decisions.
This zone has been spotted far back in 2022, where it was tagged Area of Value AOV. For more on this check out here:
While anticipating further ascent, it's crucial to keep a keen eye on the extreme zone. In the event of a price retracement toward this area, it could present an opportune zone for buying.
The immediate and mid-term targets have been outlined on the chart, providing crucial reference points for potential price movement.
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dotFor a safer purchase, green points are recommended. We have previous resistances and a new resistance box
Polkadot looks good to buy nowI think it is a good opportunity to buy CRYPTOCAP:DOT now and the target for mid term is 9.5$ and 10.3$ in long term
For me any close lower than 8$ is a stop loss.
DOTUSDT4H time frame DOT analysis
The current price is $8.2. According to the yellow trend line, if it breaks upwards, targets 1 and 2 will probably be touched, and target 3 will be touched after them. Pay attention to the red support box at the bottom of the price. If we lose this area, we will see price correction to $7.5 and even lower levels of $6.9.
Technical analyst: Amir Hassan Salek
Long polkadotI am really promising on Dot, but not here actually. It's going to be dropped to 3.7-3.9. At that point, it would be great to buy. stop loss will be lesser than 3.5
LONG $DOTThere is a Wyckoff accumulation pattern beneath the bullish trend pattern that CRYPTOCAP:DOT has been following, you can trade within the trend line with your stop loss around $8.5 till we have a breakout from the bullish trend pattern. It's my first time publishing by the way, I am absolutely new to this. DYOR
DOT CORRECTION THEN IMPULSEHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
DOT WHAT'S NEXT!
As we can see price is still overall bullish trading inside this rising broadening wedge pattern.
However, price is sitting around our upper bound of this channel, where we will be looking for new bearish correction movement, Meanwhile, for the bears to kick in we need a break below the marked major swing low, then a movement lower would be expected.
If that happens, then as the price will be approaching our lower rising trendline, lining up with a strong demand zone, we will be looking for new longs as a trend following buy setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
DOT - Head and ShouldersThis chart shows that DOT will decrease about 10 percent because of the head and shoulders pattern and also Bitcoin is not stable thats why short is probably best option to do.
