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!
DOTUSDT trade ideas
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.
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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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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 🔥🔥🔥🔥
DOTUSD ❕ low volatilityTD Sequential formed a reversal signal up at 30m TF and price broke up 50EMA.
I think the asset may rise after it fixes above the resistance level.
Nothing could about PolkaDOT on the 1D chartBINANCE:DOTUSDT
Polkadot exhibited a rebound from the strong support at $4.22 on June 10, indicating the bulls' attempt to halt the decline. The ongoing relief rally could reach the 20-day EMA ($4.98), where aggressive selling pressure from the bears is anticipated. If the price turns downward from this level, the DOT/USDT pair may retest the support at $4.22, potentially triggering a move towards $4 and subsequently $3.50.
Conversely, if the bulls drive the price above the 20-day EMA, it would suggest a weakening grip of the bears. The pair could first rise to $5.15 and then to $5.56. Until the buyers overcome this hurdle, the sellers will maintain control.
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day interval. First, we will mark two places where the price tried to break out of the EMA Cross 200 line upwards, unfortunately, both attempts ended in failure.
Further, using the yellow line, we will mark the uptrend line from which the price broke out at the bottom, we are currently moving in the downtrend channel since the beginning of the last correction.
Moving on, we can move on to marking the support spots, as we can see a strong correction caused the price to drop down to a very strong support at $4.22, in a situation where the current support did not hold the price, we could see a strong drop to around $2.
Looking the other way, we see that the price has turned around and is heading towards the $5.07 to $5.61 resistance zone. If I manage to break the first zone, I will move towards the second stronger zone from $6.06 to $6.49 and then towards resistance at $7.13.
Please look at the CHOP index, which indicates that the energy has been used, the MACD indicates that despite the current increase, we are moving in a downward trend, while the RSI, after a strong rebound, we can observe the beginning of an increase.
DOT/USDT SHORT 4HHello, traders! I present you with an interesting short trade opportunity for the asset. Through a detailed technical analysis, I have identified a series of bearish signals that suggest a potential downward movement in the short term.
Long Entry on DOTWhen we receive a Signal the first thing we check is Indicator B. As we are in a nice Entry Zone according to the Indicator B we can go to Indicator C. There is a pretty clear Entry Pattern on Indicator C so we can open a Long here with a leverage between 8x and 15x. How much risk would you take?
DOTUSDT.1DHello dear friends,
*Mars Signals Team wishes you high profits*
This is a one day time frame analysis for DOTUSDT.1D
We are in the daily time frame. As you can see, the scenario of our previous analysis is valid. And the price has managed to break into our first support zone. According to the previous candle and the compression of the price on the support zone, we expect the price to be able to move towards our first resistance line. But if that penetrates and stabilizes below our support line, we expect further decline. But as long as it fluctuates above our support line, we don't expect a price drop scenario.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
DOTUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Previous bullish setup was invalidated,
switched to an alternative option with formation of the ending diagonal
BUY ZONE: 4.5 - 3.5
Targets: 6 - 8 - 10
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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