DOTUSDT trade ideas
Dot Target why 20$ KUCOIN:DOTUSDT BINANCE:DOTUSDT BINANCE:DOTUSDT.P CRYPTOCAP:DOT
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### **1. Fibonacci Retracement Analysis**
- **Levels Observed**:
- **0% (High)**: **55.081** (all-time high or recent significant high).
- **0.236**: **42.594**.
- **0.5**: **28.625** (midpoint of retracement).
- **0.618**: **22.381**.
- **0.65**: **20.688** (golden pocket).
- **0.786**: **13.491**.
- **1.0 (Low)**: **2.168** (all-time low or recent significant low).
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### **2. Current Price**
- The price is currently around **7.790**, significantly lower than the golden pocket (0.618–0.65) and closer to the lower Fibonacci levels.
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### **3. Take-Profit Level at $20**
- **Why $20?**
- **Golden Pocket Zone**: The **0.618–0.65 Fibonacci zone** is considered a high-probability reversal area. Many traders set their take-profit just below this zone to ensure profit capture before significant resistance is encountered.
- **Psychological Level**: The $20 price point serves as a psychological resistance, where many traders might exit, amplifying sell pressure.
- **Confluence with Historical Data**: Previous price action near this level likely showed significant resistance/support, aligning with Fibonacci levels.
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### **4. Resistance and Support Zones**
- **Major Resistance Levels**:
- **22.381–20.688**: The golden pocket and primary target zone.
- **28.625**: Midpoint retracement, another key resistance level.
- **Support Levels**:
- **13.491**: **0.786 Fibonacci level**, which may act as a strong base for further upward momentum.
- **2.168**: All-time low or significant recent low.
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### **5. Potential Price Scenarios**
- **Bullish Case**:
- If the price breaks through **13.491**, it could rally toward the golden pocket zone near **20.688–22.381**.
- A breakout beyond **22.381** could extend the rally toward **28.625** or even higher.
- **Bearish Case**:
- If the price fails to hold **13.491**, it may revisit lower levels, potentially near the all-time low of **2.168**.
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### **6. Strategy and Recommendations**
- **Entry Point**:
- Current prices near **7.790** are ideal if the upward trend continues.
- **Take-Profit**:
- The take-profit at **$20** is conservative and aligns with the golden pocket zone.
- **Stop-Loss**:
- Set below **13.491** to minimize losses if the trend reverses.
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### **7. Market Psychology**
- Many traders use Fibonacci retracement levels to define take-profits. The golden pocket is a popular area where selling pressure increases, causing potential reversals.
#Dot also same With Tia 20$ coming soon CRYPTOCAP:DOT BINANCE:DOTUSDT.P BINANCE:DOTUSDT
KUCOIN:DOTUSDT
### **1. Fibonacci Analysis**
Levels Identified**:
0% (high)**: **11.889** (recent high point).
- **0.236**: **9.928**.
- **0.5**: **7.735** (current price zone).
- **0.618**: **6.754**.
- **0.65**: **6.488** (golden pocket).
- **0.786**: **5.358**.
- **1 (low)**: **3.580** (recent low point).
Current Price Action**:
The price is sitting near the **0.5 Fibonacci level (7.735)**, a commonly used support/resistance level.
The annotation suggests this is a buying opportunity due to the convergence of technical factors.
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### **2. Key Support and Resistance Zones**
Support Zones**:
- **6.754–6.488**: The golden pocket is a high-probability reversal zone.
5.358: Corresponds to the **0.786 Fibonacci level**, adding further support.
- **3.580**: Major historical low and 100% retracement.
Resistance Zones**:
9.928: **0.236 Fibonacci level**, acting as the first key resistance.
11.889: Recent swing high and ultimate target.
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### **3. Buying Opportunity**
The annotation on the chart identifies the **0.5 Fibonacci level (7.735)** as an optimal buying zone. The reasoning is likely due to:
Confluence with the support zone.
Fibonacci retracement aligning with the trend.
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### **4. Potential Price Scenarios**
Bullish Scenario**:
If the price holds above **7.735** and confirms support, it could target **9.928** (0.236 Fibonacci level).
A breakout above **9.928** opens the path to the recent high of **11.889**.
Bearish Scenario**:
A breakdown below **6.754–6.488** (golden pocket) could send the price toward **5.358** or lower.
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### **5. Strategy**
- **Entry**:
Enter around the **7.735** level.
- **Stop-Loss**:
- Below **6.488** (below the golden pocket).
- **Targets**:
Target 1: **9.928**.
Target 2: **11.889**.
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### **6. Indicators to Confirm Trade**
RSI: Check if it shows oversold conditions near the current level.
Volume: Increasing volume near **7.735** confirms buying interest.
MACD: Look for bullish crossovers to confirm momentum.
Polkadot on the Path to Growth: A New Entry Opportunity📈 Polkadot appears to be starting a new bullish movement. According to current analysis, a bullish trend is forming, and this could be a great entry opportunity into the market! 🌟
📌 Entry Point: $7.5
📉 Stop Loss: $6.5
🎯 Target Profit: $11
🔍 These levels are determined based on current Polkadot analysis and indicate a logical short-term bullish trend. With this analysis, you can enter the market with more confidence. 🚀
Dot looks ready for 40$ Dot Finally Polkadot Looking Good Atleast For 1st Quarter Of 2025 After Multiyear Symmetrical Triangle Breakout Dot Did Healthy Correction & Bounced From Key Support Successfully Finally Higher High Has Been Formed After Long Downtrend Targets Are Mentioned On Charts However I'm Expecting Atleast 4-5x In Next Couple Of Months
DOTThe chart presents an analysis of DOT/USDT on the 3-day timeframe. The project appears to have undergone a prolonged consolidation phase within a descending channel that has dominated since its all-time high. Key points from the analysis:
Descending Channel: DOT has been in a strong downtrend since its peak around $50. The chart shows a test of several key support and resistance levels within this channel.
Historical Support Zone: It is evident that DOT has found strong support around the $4-$5 zone, a level that has historically provided stability.
Potential Breakout: The diagonal lines indicate a potential breakout of the channel, which could lead DOT to higher levels, potentially targeting $15, $25, and up to $30 in an optimistic scenario.
Timeline: The projected timeframe for this potential rise is mid-2024 to 2025, considering that DOT may benefit from renewed interest in the altcoin market.
Conclusion: If DOT manages to break this channel and sustain momentum above the nearby resistance zone (around $7-$8), it is likely to see a strong rise toward the mentioned levels. However, failure to break this zone could result in a retracement toward lower supports.
This post is not financial advice. Invest responsibly and do your own research!
POLKADOT - 4H - DownTrend+Accumulation Area POLKADOT - 4H - DownTrend+Accumulation Area
A range with acumulation in progress for DOT.
REMEMBER that a lot of investors sell stocks or crypto for fiscal conditions in 2024 to close the year.
For that, we have low buy liquidity , and even with that pressure on the price , DOT is trying to remaning in the same range as 1 week ago, so a breakout+ a new LH can restart a new HH , so patience.
tia - repeats the movement of dot?If you look at the DOT chart in 2021, it showed a strong growth of 15x, then formed a double top, turned around and rolled down -90% from the highs, and has been in accumulation for 3 years, the price does not show strong movements.
If you look at the #TIA chart, I see a similar picture, growth by 10x, after the formation of the reversal pattern GIP (Head and Shoulders) and a rollback of 80% from the highs. Now it is in a sideways trend, I think the picture will be the same as on DOT, we will not see strong movements, everything will be within the sideways trend, and perhaps even lower to $ 2.5 will go to test the zone from which all this movement began, as on DOT. And this will be almost -90% from the highs.
DOT/USDT 1D - Alcista para la primera quincena de enero 2025.DOT/USDT 1D - Bullish for the first half of January 2025.
Trade idea for DOT/USDT on Daily (1D) chart
To learn more about the applied trading theory leave your comment.
The information and publications I offer do not imply or constitute financial advice, they are made for educational purposes.
The23Trader - Failed Successful!
Best Buy in DOT📊 DOT/USDT Analysis
🔹 The price remains in a short-term downtrend, currently testing the dynamic resistance of the descending trendline.
🔹 The EMA50 ($7.26) is acting as strong resistance, and breaking above it could trigger a bullish wave.
🔹 Key support lies in the $6.11 - $6.90 range, and losing this zone might lead to further downside risk.
🔹 If resistance levels are broken, the next target could be the $10.42 range. 🚀
📈 RSI Indicator suggests reduced selling pressure and a potential trend reversal.
💡 What do you think of this analysis? Is DOT ready for a breakout? 🤔
DOTUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked).
Everything on the chart.
Entry zone: market and lower
Targets: 15 - 25 - 35
after first target reached move ur stop to breakeven
Stop: (depending of ur risk).
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!
PolkaDot DOT Has Just Flashed Insane Long Signal!Hello, Skyrexians!
Recently we made BINANCE:DOTUSDT analysis for you, where told you that huge pump ahead. There was a price at $5. After that price reached $11 and showed the significant correction. Now most of people are talking that DOT is scam and will reach $2, but we have other opinion.
Let's take a look at the daily time frame. As we mentioned before the growth from the bottom to $11 was just the wave 1 of the bull run. May be you don't believe me, but the shape of this wave looks like 5 Elliott waves impulse. Correction has a clear zigzag shape and has been finished inside the 0.61 Fibonacci retracement zone. It was ABC in wave 2. We have seen recently the green dot printed by Bullish/Bearish Reversal Bar Indicator . This is strong long signal. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
The next expected move is the wave 3 inside global wave 3. It shall be rapid without corrections. We expect the nearest target between $19 and $22 in the upcoming 2 months.
Best regards,
Skyrexio Team
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DOTUSDTwe need a retest to create a convergence on D1 after that we can Wait for bullish engulfing candles confirmation for trend continuation if you haven't see something of such no need to jump in, we will be needing more patient to jump in at 4$. So let's wait patiently for it to regain momentum. Not financial advice
Is DOTUSDT Preparing for a Reversal?Yello, Paradisers! DOTUSDT has been moving within a descending channel, presenting a textbook retracement pattern. Now, all eyes are on the crucial support zone, which could be the key turning point for the next move.
💎If DOTUSDT reaches this support zone and forms bullish patterns like a bullish I-CHoCH (Internal Change of Character), a W-pattern, or even an inverse head and shoulders, the probabilities for a bounce significantly increase. This could signal a potential bullish reversal from this critical area.
💎However, in the case of panic selling or deeper retracement, we may see a bounce from the strong support zone below. But remember, confirmation is key—bullish patterns in these zones will strengthen the case for a reversal.
💎If DOTUSDT breaks below the strong support zone and closes a candle there, this would invalidate the bullish setup. In such a scenario, waiting for new price action to develop is the smarter, safer move.
Staying patient and disciplined is essential here. Trade strategically, avoid impulsive moves, and let the market show its hand before jumping in. Remember, the best trades come to those who wait for the highest probability setups.
MyCryptoParadise
iFeel the success🌴