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DOTUSDT trade ideas

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.
Short
by fxtraderanthony
DOT/USDT 4HInterval ChartThird, we will check the DOT chart on a four-hour interval. As we can see, the price has broken the downtrend lines, creating a current uptrend which we used the blue lines to describe. Let's start by marking support points for the price and we can see that first we have a support zone from $4.73 to $4.51, however, if the price drops lower, we can see the price return to a very strong support zone from $4.15 to $3 $.89. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price is currently fighting against a strong resistance zone from $4.92 to $5.29, and when it manages to break out of it, it will be able to move towards the resistance at $5.76. The CHOP index indicates that there is a lot of energy for movement, on the RSI indicator we are approaching the upper limit again, and on the STOCH indicator we will soon exceed the upper limit, which should result in a rebound for the price.
by cryptodailyuk
DOT/USDT | 1d 👀📝 #DOT is in an uptrend on the daily chart; we have tested the trendline and today we are closing with a bullish engulfing candle above the short-term bearish trendline. 🚀 Next move: UP. 📈 Polkadot is looking fantastic. ✅ Stay updated on market news and developments that may influence the price of Polkadot. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Coins #Polkadot #Trading #DOT
Long
by Nyskohuz
DOT/USDT Upward Momentum ?? Polkadot Analysis Today💎 DOT has certainly piqued our interest, achieving a breakout from the Descending Channel with a notable ascent. It would be beneficial for DOT to undergo a retesting phase initially, ensuring a stable corrective movement. 💎 Without this, DOT might reach the supply zone only to face rejection, subsequently descending to retest at the demand level or the resistance trendline of the former descending channel. However, should it manage to breach the supply zone promptly, DOT probability could advance towards its next milestone, the Bearish OB region. 💎 In the scenario of a strategic retest, it's imperative for DOT to exhibit a bounce or a sign of rejection, striving to re-engage with the supply zone and solidify its position above, thereby validating the breakout. 💎 Conversely, if DOT fails to rally, a troubling development might unfold, where DOT is unable to hold its ground at the demand zone, compromising the subsequent level. This occurrence would signify a false breakout, potentially steering DOT into a downward trajectory towards a robust support zone.
by MyCryptoParadise
DOTUSDT Elliott Waves Analysis (midterm setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. After correction will looking for new long position. Entry: 5.4 - 5.2 Targets: 5.1 - 5.4 - 5.7 after first target reached move ur stop to breakeven Stop: ~3.6 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
DOT PULL THE TRIGGERHello 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 around a massive support zone, where we will be looking for new longs as well. Meanwhile, price is still overall bearish making clean lower lows and lower highs, however, for the bulls to take over, we need a break first above the first major high from a medium-term perspective, then a movement higher would be expected till the upper major neckline. Moreover, for the bulls to have a shift in momentum from bearish to bullish from a long-term perspective, we need a break above the upper major swing high. Until that we can start looking for new longs from a short term as we are around a strong support zone. 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!
Long
by Hadi_karaali
DOT Lights the Path: Get In on the Buy Action Today!"**Short fundamental analysis of Dot Coin** Dot Coin is a cryptocurrency that was launched in 2021. It is built on the Polkadot blockchain, which is a multi-chain platform that allows different blockchains to communicate with each other. Dot Coin is designed to be a scalable and interoperable cryptocurrency. Dot Coin has a number of potential advantages over other cryptocurrencies. First, it is built on a scalable blockchain, which means that it can handle a large number of transactions without becoming congested. Second, Dot Coin is interoperable, which means that it can be used to interact with other blockchains. This makes it a valuable tool for developers who are building cross-chain applications. Dot Coin is still a relatively new cryptocurrency, but it has already gained a following among investors. The market capitalization of Dot Coin is currently over $1 billion. **Recent news about Dot Coin** On October 31, 2023, Dot Coin announced that it had partnered with Chainlink to integrate its oracle network into the Dot Coin ecosystem. This will allow Dot Coin developers to access real-world data in their smart contracts. On November 1, 2023, Dot Coin announced that it had launched a new bridge that allows users to transfer assets between the Polkadot and Ethereum blockchains. This bridge will make it easier for users to interact with the Dot Coin ecosystem. **Disclaimer** I am not a financial advisor and this information should not be taken as financial advice. Please do your own research before investing in any cryptocurrency.
Long
by MoonTradingForecast