DOTUSDT trade ideas
DOTUSDTI put my last chart about DOT in down this chart.
We have two TPs in the chart waiting for touch.
DOT in the local purchase zone !!!The price is now at the border of the local zone 5.0226-3.0410
Purchase level 4.0661
between total 4.3487 and local 5.2771 volume!
Global Purchase Zone 5.7188-2.7572
Purchase level 4.2063
Sweet Shopping Zone 4.6144-3.6389
Level 4.1753
Important: it can, but is not obliged to return to the purchase levels!!!
We are following the breakdown of the yellow trend!
DOTUSDT LONG OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. Be carefull for the PPI News. It gonna make market in high volatile. DYOR
#DOT/USDT 1D DOWNWARD BULLISH WEDGEGood day, everyone!
The price is currently in a downward bullish wedge pattern within the D movement. The horizontal trading angle at 5.5 on the Fibonacci correction level of 0.55 from the local high has been tested several times, which increases the likelihood of the next attempt to break through and result in a false breakout to the upside (ROS).
I anticipate a reversal from the ROS point, as this is the first time we will be in this area. The OTW Fibonacci levels of 0.705 - 0.709 come into play. Moving forward, we are heading towards the formation of the E movement.
Keep in mind that, according to classical analysis, the E movement might not reach the bottom of the wedge. Instead, it could reverse earlier with a likelihood of breaking out of the wedge and fully completing the formation, targeting the global limit level of 10.757. Wishing everyone profitable trades. Until next time.
#DOTIn a downward trend of the 5.16 range, if there is no stabilization above this range, you can enter a trade for a sell position.
DOTUSDT SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR
DOTUSDT wants the breakout?DOTUSDT is testing the support level at $4.975. A support level is a price level at which there has been historically strong buying interest, preventing the price from falling further.
For a potential bullish trade setup according to Plancton's Rules, the price needs to create a clear breakout above the static and dynamic daily resistance at $5.4. A breakout occurs when the price convincingly moves above a significant resistance level, indicating a potential shift in market sentiment from bearish to bullish.
The static resistance at $5.4 represents a price level where selling pressure has historically been strong, limiting the upward movement of the price. The dynamic resistance could refer to a moving average or a trendline drawn on the daily chart, which also acts as a barrier to price appreciation.
If the price of DOTUSDT successfully breaks above the $5.4 resistance level, it could signal a potential bullish trend reversal or a continuation of an existing uptrend. This breakout could attract further buying interest from traders looking to capitalize on the upward momentum.
According to Plancton's Rules, a new long position is suggested if the price achieves the clear breakout above the $5.4 resistance level. A long position involves buying the asset with the expectation that its price will rise.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
DOT/USDT Bullish Scenario💎 DOT has recently broke its support level and is currently in the phase of retesting, where the former support might act as a new resistance. There's a potential for the price to descend toward the demand zone ranging between $4.4 - $4.65.
💎Within this demand zone, there's a likelihood of the price experiencing a bounce, propelling it into an upward trajectory targeting the supply zone between $6.5 - $7.
💎However, if DOT swiftly reclaims its previous support-turned-resistance area, there's a chance it might not touch the demand zone and instead, ascend directly to challenge the resistance trendline and the supply region.
Paradisers, keep your eyes peeled for these pivotal movements! Stay informed and trade wisely. 🌴
Polkadot upward momentum !🚀 🔥 DOT today analysis
💎 It's currently hovering around a key support zone, having touched it twice, indicating potential moves on the horizon.
💎 Presently, Dot is nestled within a demand zone. If it sustains above this zone, we could witness a seamless bullish trajectory. However, if it falters, a bullish move might only materialize after a retest of the lower order block.
💎 Digging deeper, we've noticed a shift where demand transitioned into supply, leading to a notable downward shift in price. Ahead, there's a clear supply zone accompanied by bearishOB. It's highly probable that it will embark on a bullish journey to address this imbalance.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
DOT - Still Bearish
Considering:
A new lower low was made (at 4.20) without RSI Divergence
The descending trendline is acting as strong resistance
Then the higher probability is that we will see a new lower low soon.
DOT. Still...?My attitude towards Polkadot is neutral. I just don’t understand where to use it and whether it makes sense. There was a lot of noise, capitalization caught up with a multi-billion $, but is it justified...? So far, it's hard to say, at first glance, no. The only thing that comes to mind is a tweet from Polkadot's official twitter that they are not a security. It seems that Gavin Wood himself wrote it in ecstasy.
DOTUSDTWith the completion of the previous trend, which was the beginning of the stop of the downward trend, here we have to wait for a break from the top to the next red zone
DOT/USDT - Potential Trend Reversal to BullishThis pair has formed 2 immediate bullish reversal patterns one is double bottom and another one is a falling wedge which indicates a potential upward swing.
