DOTUSDT trade ideas
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DOT 4Hinterval ReviewAs the third, we will check the DOT chart on the four-hour interval. As we can see, the price is above the uptrend line marked in yellow.
Let's start by marking the price support spots and we see that we first have support at $4.84 but if the price goes lower then we have another support at $4.72 and then we have a very strong support zone at $4.60 $ to $4.42.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that currently DOT does not have enough strength to break the resistance zone from $5.04 to $5.27, but when this happens, we have another very strong resistance at $5.56, only after a positive test of this resistance we will be able to see a further price increase.
When we turn on the EMA Cross 200, we will see an attempt to return the price to a strong uptrend, but at the moment the price is fighting to maintain this trend.
The CHOP index indicates that there is still a lot of energy to be used, the MACD indicates a return to the local downtrend, while the RSI is in the process of recovering and we are approaching the lower end of the range, which may indicate the imminent end of the current recovery.
DOT should rebound to $5.8Dot forming a somewhat double bottom on the higher time frame, this local rebound of the upper zone should send the price towards the $5.8 area. Stoch RSI is making a decent correction, still not favouring the daily tf for it tho. Could hang in this range a bit more, before we see it move either way. I say up and cross fingers :)
DOTUSD ❕ broke down the channelRSI is near neutral values (4H, 1H and 30m TFs)
Price has consolidated under 50EMA on the 1H TF.
50EMA has broken down 200EMA on 30m TF.
I believe the asset will continue to decline.
DOT Rejection and ReboundDOT rejected and bounced back from its 4-hour 0 Fibonacci range at $5.24. The $4.8 range will be its support. The demand area is there.
DOT/USDT 4H Long💡My Vision of a TRADE IDEA BingX💡
DOT/USDT 4H LONG High Risk According to my analysis;
Entering at the 0.382 Fibo this time coincides with the 55 and "200" moving averages
on the 12H chart, coinciding with the 20 and 55 moving averages
on the daily chart, with a volume buy entry.
This indicates a retracement and bounce to the average to continue going up.
💡Mi Vision de una IDEA DE TRADE BingX💡
DOT/USDT 4H LONG Alto Riesgo Según mi análisis;
Entrando por el 0.382 Fibo en esta ocasión coincide con la media de 55 y “200” en 12H coincide con la media de 20 y la de 55 y en el diario chart con la de 20 y con entrada de volumen de compra esto es un retroceso y rebote a la media para seguir subiendo
$DOT Falling WedgeMIL:DOT is on the CUSP of Falling Wedge Breakout on the Weekly timeframe Chart..!!
Fasten your seatbelts, folks! We're about to witness a wild Breakout and Pump!
DOT - Possible scenario until October '23Bearish market structure for DOT.
After a week, or two, the market structure will go reversal turning to bullish market.
We can see DOT around 4$ before bullish market structure.
Later on, we have many probabilities to go upwards until the end of October.
This could be the last time we see DOT = 4$. The bull run may start from end of July.
DOTUSDTYou can almost say that you can understand by hitting the IDM. Which direction is the flow of cash?
DOTUSDTA deceptive currency in technical analysis has changed LOW several times to cover the trend change, but we know where the real change is! Because our goal is technical analysis in the style of smart money, we cannot show that kind of analysis because it is public, so we need to provide you with visible technical. A smart money trader knows where the trend change is....S. M. T. They never know this
Back to the main topic, our trend is downward and visible.
The well-displayed extreme block order is probably for hunting, which is clearly displayed. But the decision-making secret order block, which is likely to touch its price, will tell us which direction the main movement is. Be patient and enter the trade after hunting.
Double bottom for $DOT What appears to be a double bottom has formed for DOT. This coin has underperformed compared to other L1 chain token so maybe it's time for it to shine.
Bullish Momentum and Important Resistance LevelsThe resistance range of $5.14 - $5.37 is being examined for DOT. If the price surpasses $5.37 level, it indicates a bullish signal, propelling it towards the resistance zone of $5.6-$6.00.
The supports are 4.70 and 4.37 levels.
The RSI level for DOT is currently at 68. The RSI is a momentum oscillator that measures the speed and change of price movements. A value of 68 suggests that DOT is experiencing relatively strong momentum and may be approaching overbought conditions. Traders and investors often consider RSI levels above 70 as an indication that an asset may be overbought and due for a potential price correction.
DOTUSDT 4H Entry point : 4.9887
Stop loss : 5.1374
Take profit : 4.9183
*trigger in "1h"
** "path" pattern just show you an hypothetical path, so just remember the numbers!
DOT buy MidtermBuying on volume. Entered a large volume of the buyer on the ask delta, the cancellation of the scenario of the departure of the price below $4.7. Technically the price broke through the sidewall like all alts, at the moment test the important 5$ zone.
Support for the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
DOT bounces from strongest support DOT / USDT
Price starts to bounce hard again from 4$ region area (strongest support for polkadot)
Nice bullish waves can start from from here
I hope current weekly green candle is ending by fully engulfing of previous big red one and (that’s will be our confirmation )
Blue zone support must hold to remain bullish
📉 Descending Broadening Wedge Spotted on $DOTHey traders! Today, I want to share an exciting chart pattern I've identified on MIL:DOT (Polkadot). Let's explore the descending broadening wedge and its implications for potential price action. 📊💡
Pattern: Descending Broadening Wedge 📉🔽
Symbol: MIL:DOT 💰
Overview:
A descending broadening wedge is a distinct chart pattern characterized by expanding price swings within converging trendlines. This pattern suggests increased volatility and the potential for a reversal. Let's dive into the descending broadening wedge pattern on MIL:DOT and assess its significance. ⚡💹
Key Features of the Descending Broadening Wedge on MIL:DOT :
Expanding Price Swings: Notice the widening price swings within the converging trendlines, creating the broadening pattern. This indicates growing volatility and potential market dynamics shift. 📈📉
Reversal Potential: Descending broadening wedges are often considered as reversal patterns, indicating a possible trend change. It's crucial to monitor price action for confirmation. 🚀📈
Trading Strategy:
Entry Point: Consider entering a position once MIL:DOT breaks out above the upper trendline of the descending broadening wedge. This breakout could signal a potential reversal and the beginning of an upward move. ⬆️💰
Stop-Loss: Implement a stop-loss order below the lower trendline to manage risk and protect against potential downside. ⛔️📉
Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈
Risk Management:
Maintain proper risk management techniques, including position sizing, setting stop-loss orders, and adhering to your trading plan. Be aware of the risks associated with trading cryptocurrencies like $DOT. ⚠️💼💡
Disclaimer: Trading cryptocurrencies involves risks, and it's essential to conduct thorough analysis and seek professional advice before making any investment decisions.
#DescendingBroadeningWedge #DOT #Polkadot #Cryptocurrency #TrendReversal #TradingStrategy #TechnicalAnalysis #Volatility #RiskManagement
In conclusion, the descending broadening wedge pattern identified on MIL:DOT indicates a potential reversal in the making. However, it's crucial to wait for a confirmed breakout above the upper trendline before considering any trades. Stay tuned for further updates on $DOT! 💹🚀
(Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Analysis and study for reputationI am studying the dot and following the accumulation region in the journal, I will wait for a breakout and follow the hi and lsr
DOT longDOT bounced off the support level. Asset broke trough off the descending trendline. Bullish movement to resistance level at 5.33 is possible.
DOT/USDT trend - breakdown - trend - ?Hey traders 👋
Another coin that caught our attention here is DOT coin with a nice potential for a short-term drop to happen here. We see a smiliar pattern here where trend has been build and breakdown has occurred after that - now we are into another trend here which is awaiting for a breakdown. What do you think guys?
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
DOT/USDT 4H SHORTHello guys, I hope you had a happy Father's Day! ‼️I'm not trading today‼️ but the market is tempting me 🤣🤣🤣 I saw something a few minutes ago. ‼️I won't trade it, just documenting it on the chart‼️ for learning purposes. I would like to know your opinions. I'm seeing the end of a bullish impulse, considering the entry on the 4-hour chart at the 0.618 Fibonacci level (taken from the last movement, see the picture). This level coincides with the 55 and 20-period moving averages on the 12-hour chart. The volume indicator shows more selling volume than buying volume. The ADX indicates a loss of strength in the last bullish impulse. In my opinion, we are going down with a take profit target set optimistically at the previous low (see the picture), while setting a stop loss at 2.29%, giving us a position with a risk-to-reward ratio of 3:1, or until we see reversal patterns. Please share your opinions so that we can continue learning together. 🔥🔥🔥🔥
Hola chicos espero hayan tenido un feliz Día del padre, ‼️Hoy no opero‼️ Pero el mercado me pica 🤣🤣🤣 esto es algo que mire hace unos minutos. ‼️no lo voy a operar solo lo plasmo en el gráfico ‼️ a fin de aprendizaje. Me gustaría saber sus opiniones, estoy visualizando el fin de un impulso alcista tomando la entrada en 4H en el punto fibo 0.618(tomado del último movimiento, mirar la foto) coincidiendo con la media de 55 y la de 20 en 12H , el indicador de volumen nos muestra más ingreso de volumen de venta que el de compra, el ADX muestra la pérdida de fuerza del último impulso alcista, en mi opinión vamos a la baja con un TP por muy optimista al mínimo anterior ( mirar la foto) dejando un Stop Loss de 2.29% dándonos una posición con un RR de 3:1 o hasta mirar patrones de rever ion. Me gustaría saber sus opiniones por favor para seguir aprendiendo juntos 🔥🔥🔥🔥
