DOTUSDT trade ideas
DOT Polkadot Double BottomIf you haven`t sold DOT here:
Now DOT (Polkadot) has exhibited a promising chart pattern with the formation of a double bottom, signaling a potential bullish reversal. This pattern suggests that the selling pressure has been absorbed, potentially paving the way for an upward price movement.
With the double bottom formation in place, DOT has the potential to experience a significant rally, and your first price target of $6.25 seems attainable. As market sentiment improves and buying interest increases, DOT could see notable upward momentum.
Looking forward to read your opinion about it!
Polkadot DOT price completing the formation of "Double bottom" ?Today's idea will be described based on the assumption that the DOTUSDT price has been forming a global trend reversal through "the Double Bottom" pattern for the past six months
Looking at the chart, we can say that DOT was actively bought around $4 in early 2023, in June 2023, and in the fall of 2020 just before the start of the bull run.
However, at the moment, the DOTUSD price has rebounded from "the bottom" relatively weakly, so buyers still have a lot of work ahead of them.
The first stage of the struggle between buyers and sellers may start around $6
The second stage, which is probably the most difficult, is to break through and fix the price of the Polkadot token above $8
The third stage is the daily dynamic growth of the DOT price in the range of $8-15. On the growth, on increased trading volumes, the "big money" will sell at least part of their DOT stocks, and the "little money" will buy and buy them. Why? Maybe because there will be a new series of news about the latest super application of parachains from Polkadot or something like that)
However, it will take at least a few more months for our rather optimistic assumptions described above to come true.
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Finally Dot Looks Ready Seems Like Almost Ready For Massive Recovery Falling Wedge Breakout Has Already Confirmed While Macd Crossover Also Confirming Bulls Strength Decent Volume Coming In Expecting 250%+ Bullish Wave In Midterm
PolkaDot Chart Analysis Polkadot Update
Good news for #DOT enthusiasts! Despite a dip below the 20-day Exponential moving average at $4.95 between June 27 and June 30, the bulls held strong positions, indicating strategic buying at a lower price. MIL:DOT
The current focus for #PolkaDot bulls is to break and sustain the crucial resistance level of $5.56. Once this barrier is conquered, the DOT/USDT currency pair is expected to soar towards $6/$7/$8.
However, reaching $5.564 may attract substantial short-selling pressure. Nonetheless, as long as the bulls prevent the price from dropping below $4.70, the chances of a rebound towards the downward trend line significantly increase.
#DOTUSDT #LQR #TOBTC #LaqiraProtocolThe price is below the static resistance, dynamic resistance and EMA 200. If confirmed in the lower timeframe, you can open a sell position This analysis is not an offer to buy or sell
DOT S&R >>>>>>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart.
Short term important area's cleared for this setup.
It's Not a financial advise.
PLZ DYOR
With hopping success>>>>>
The 4.605-5.408 section corresponds to the buy sectionHello?
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(DOTUSDT chart)
The 4.605-5.408 section corresponds to the buy section.
Therefore, it is necessary to check whether it is supported and rises in the 4.605-5.408 section.
However, since the HA-Low indicator on the 1M chart is formed at the 6.640 point, it is recommended to take an aggressive buying approach.
1st: 6.280-6.640
2nd: 7.530-7.860
3rd: 9.262
Split selling is possible when there is resistance around the 1st - 3rd above.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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DOTUSDT 1WAnalysis of dot Weekly Time
#DOTUSDT 1W
It is a very good buying opportunity for Held
The flag pattern has broken and is on strong support
TP1 9
TP2 23
DOTDisclaimer
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A qualified professional should be consulted before making any financial decisions.
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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.
