✴️ PolkaDot | Close Look (Short-Term Action Revealed!)PolkaDot (DOTUSDT) is in the process of producing a major retrace... Let's see what the chart has to say. Here we have an "initial high" in December 2023; notice that in March 2024 a higher high is hit but this is a "weak higher high" because the peak price stays too close in the vicinity of the previous high. ➖ A weak high means weak bullish engagement; ➖ Weak bullish engagement means the bullish wave is losing strength; ➖ The bullish wave losing strength is a bearish signal. The highest volume came in 5-March with the session closing red; a negative day. Couple this with the weak and declining RSI, also producing a multi-months long bearish divergence and a lower high: PolkaDot is showing bearish tendencies. 👉 It is set to move lower based on current chart signals. Namaste.Shortby AlanSantanaUpdated 8837
DOT in the first strong support zoneDOT includes a strong correction in the USDT pair, the current level reaches 43% and indicates a return to the first entry zone into a potential LONG, further a second zone has been defined for price averaging. However, looking at the behavior of BTC, which may potentially make another attempt to reduce the price, one should exercise caution and common sense when opening new positions, because a return of the BTC price by another dozen or so percent may result in very strong declines in the price of altcoins.Longby cryptodailyuk3
Polkadot(DOT): Middle Line of Bollinger Bands Holds Strong!Polkadot is looking sweet to move towards 200EMA with those nice rejections near the middle line of Bollinger Bands. We suggest keeping an eye on that line and overall on the Polkadot; we might see some good results here! Swallow TeamShortby SwallowPremiumUpdated 7720
DOT UPDATE - LOWER TIMEFRAME - $4.7RR HIT After the long trade hit target with a risk reward of 4.8 on the previous analysis we took the short immediately hoping to see it fall as shown on the chart. If you haven't enter this trade I believe this is the perfect entry time. However a very important note: this short is just to hedge the overall position on our spot bag here our main direction on the mid-long term is bullish this lower timeframe are just momentary trades so never let it outweigh the spot bag. OTHER ANALYSIS Shortby DewyCandlesUpdated 113
Why Polka Dot (DOTUSD) is a Strong Buy Right NowPolka Dot (DOTUSD) is looking strong on the chart as it is forming a rounding bottom pattern. This pattern is a bullish indicator that signals a reversal of the downtrend. It also implies that the market is now attracting more buyers than sellers. I have defined three potential targets for Polka Dot in the next few months. Right now, it is a perfect time to enter the market as the price is likely to rise. If we look at the fear and greed index, most people are quite bearish and they have lost faith in the market. They believe that the market is still going down despite the fact that the worst has already happened last year, which was the Luna and FTX crash. Longby CryptoSlazyUpdated 151516
DOTUSDT.PHello Trader BINANCE:DOTUSDT.P there is a bounce back and there is a second retest for the double bottom area, it is confirmed to be bullish for a short time. Please add a comment and Positive feedback and constructive criticism are important to authors and the community. Disclamer: Not Financial AdviceLongby mfiqrihanafi333
DOT soon will flyDot soon will break up falling wedge. After breakout it will be not possible to stop this token. SoonLongby EtoYa77712
DOT at monthly resistance, 66% move is possible220 days in the ascending channel DOT @monthly resistance 9.6$, we want to see the clear break and the price must hold above it Price can go to the top of channel 66% move Enter if the price holds above the resistance TP1 = 11.888 TP2 = 15.9 NFA Longby cosmos_888Updated 12
DOTUSDHi Guys, here's an image of the chart analysis on the DOT/USD crypto. We're currently between $8 and $10 a unit. My goal is to look for the May 21, 2021 all-time high followed by the 2022 all-time high at $50 and $55. Longby gbpfree3
💰 #DOT/USDT DOT currently produced descending channel on weekl💰 #DOT/USDT DOT currently produced descending channel on weekly timeframe👀 Bullish case if we break above the one🚀Longby CryptoSkullSignal4
BTC: break reng fr buy📊Analysis by AhmadArz: 🔍Entry: 8.893 🛑Stop Loss: 8.512 🎯Take Profit: 9.304-9.688 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!by ahmadarz117
#DOT/USDT#DOT The price is moving in a downward channel on a 4-hour frame and is bouncing from the support area in green The area in green is a very strong support area Our RSI indicator has a trend that is about to break to the upside We have a very strong uptrend Entry price: 9 First goal 9.7 Second goal 10.19 Third goal 10.92Longby CryptoAnalystSignalUpdated 228
DOTUSDT is BullishDOT has given a breakout from the declining phase after bullish divergence, and has printed a higher low followed by a higher high. This could mark the beginning of a bullish rally. Targets are mentioned on the chart. Longby Fahad-Rafique4
DOT ANOTHER GIANT AWOKE Formed Wyckoff accumulation. With a breakout, there is not much resistance to the 18.3 price. At that price, the largest volume took place on the dates: January 26 to April 30. I didn't like Dot because they didn't show much power last year, but they are a big giant that starts web3. Those who entered it earlier at this price may reap some profit. I expect medium caps to start, that's why I'm also long with ADA and Neo. Write in the comments which alts you would like to see on my profile and if they seem interesting to me I will post themLongby learnfromfailureUpdated 8
DOT longI know feck all about trading so this is how I feel DOT will perform in the next 2/3 monthsLongby dm0sky226
35% LongHello As you see in the chart we have broken the trendline with a strong candle you can take a long position for 35%.Longby satooshi12424
DOT +150% Pumping💰 CRYPTOCAP:DOT broke out of the Falling Wedge on 3D chart📈 and currently testing $5.4 s/r zone👀 Looking for a breakout and rally✈️Longby Motivation_VoiceUpdated 3349
DOTUSDT.1DIn this daily DOT/USDT chart, we’re looking at a longer-term perspective of the price movement. The use of trend lines suggests a potential channel or wedge pattern forming, which is a common occurrence in markets and typically indicates areas of support and resistance that traders pay close attention to. The RSI is at 42.52, edging toward the lower end of the neutral zone but not signaling oversold conditions yet. This could imply a slight bearish bias or a cooling off period after a previous uptrend. The MACD is below the signal line and negative, which often points to bearish momentum. However, the histogram bars are quite small, indicating that while the bears might have control, the selling pressure is not particularly strong at the moment. The price is currently near the support level (S1), bouncing off from it. The placement of S1 in conjunction with the upward sloping trend line suggests this could be a critical level to hold for the price to maintain its overall bullish structure. Looking above, the resistance level (R2) is quite far from the current price, implying there could be significant upside potential if the price were to break through any intermediary resistance levels not marked on this chart. If I were trading this setup, I would watch for potential buy signals around S1, such as bullish candlestick patterns or a bounce with increased volume. Conversely, a break below S1 with significant volume might indicate a trend change, necessitating a reassessment of the bullish outlook. It’s always crucial to consider other factors that could influence the price of DOT, including broader cryptocurrency market trends, news related to the Polkadot ecosystem, and overall risk sentiment in the financial markets. With that in mind, maintaining a disciplined approach with proper risk management, such as setting stop-loss orders, is advisable.by MarsSignals2
DOT Will moon when it breaks trendlinePolkodot another sleeper that has been ignored by the market. The chart looks like a bullish shark and once it breaks that trendline, it will moon. Not investment advice, Please do your DD Please boost idea and followLongby BlackisKingUpdated 2237
$DOT #Polkadot Trading IdeaDOT/USD (Polkadot) formed another falling wedge pattern. My target would be $9.7-$10.8-$11.5. Full send after a breakout.Longby planfomo8
DOT BULLISH MIDTERMDOT is Bullish in Mid Term this month and the next starting month we can fill over bags start them from 7.3 second 7.1 and keep some fund for worst scenario but I think we are bullish after this month's correction if you are long term holder then it would be great choice to choose DOTUSDT ===> order 7.3 ===> order 7.1 ===> buy near 5$ in worst case BULLISH on DOTUSDT please like and follow to get more my updates follow me on my on trading view: Longby abdullahabdurrehman729
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.Shortby Cryptomoonfx4