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DOTUST trade ideas

DOT/USDT 4HInterval ChartHello everyone, I invite you to review the chart of DOT in pair with USDT. First, we will use the yellow line to determine the downward trend line, and additionally, we can define the local downward trend channel using the blue lines. Moving on, we can move on to marking support places using the trend based fib extension grid. And here we have a visible strong support zone with prices ranging from $6.67 to $6.15, but if we break out of this zone, we still have support at $5.48. Looking the other way, we see resistance at $7.09, then we can mark an important support zone from $7.94 to $8.37, and then we have very strong resistance at $9.64. It is also worth paying attention to the RSI indicator and the STOCH indicator, where we observe a rebound from the lower limit, which results in a slight price rebound with room for greater growth.
by cryptodailyuk
DOTUSDT - BULLISH OUTLOOKDOTUSDT is currently displaying a bullish divergence on the 1-hour (1H) time frame, suggesting the potential for a bullish reversal. This divergence is a positive sign and, when combined with other technical factors, could indicate an upcoming upward movement. For traders considering a position, a proposed trading strategy is outlined below: Entry: Contemplate entering a long position using a Buy Stop order at the price level of 7.07. Stop Loss (SL): Implement a risk management Stop Loss order at 6.49. Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio: TP1 = 7.65 TP2 = 8.23 This strategy aims to capitalize on the anticipated bullish reversal. However, it's important to stay vigilant to any changes in market conditions and be prepared to adjust the strategy accordingly.
Long
by Sarmadayaz
DOT FRACTAL PATTERNSDOT, the crypto maverick, embarked on a fascinating journey from August 2022 to November 2023, tracing a colossal descending wedge—a classic bullish pattern. However, the plot thickens as DOT pivots into a new range, resembling yet another consolidation, promising more excitement ahead. Key Phases of DOT's Journey: Descending Wedge (August 2022 - November 2023): DOT gracefully traced the contours of a large descending wedge, a powerful bullish pattern that unfolded over more than a year. The breakout from this wedge marked the end of a prolonged bearish phase, setting the stage for a potential bullish spree. Emergence of a New Range: Following the breakout, DOT transitioned into a new phase characterized by a range, echoing the patterns of a consolidation fiesta. This intriguing development adds layers of complexity to DOT's narrative, suggesting ongoing market indecision. Ongoing Narrative - The Consolidation Fiesta: Parallels with a Descending Wedge: The current range that DOT finds itself in mirrors the characteristics of a descending wedge but on a shorter time scale. The echoes of this pattern suggest a continuation of bullish sentiment and potential for upward moves. Forming a New Narrative: As DOT weaves its way through this consolidation, traders and analysts are presented with a new narrative, one that could unfold with fresh opportunities. Strategies for Traders: Pattern Recognition for Entry Points: Traders should employ pattern recognition techniques to identify potential breakout or breakdown points within the current range. Consider setting entry points based on the recognition of patterns or key levels within the consolidation. Adapting to Market Dynamics: Adaptability is key during consolidation phases. Traders should be prepared for both bullish and bearish scenarios. Utilize technical indicators and market signals to adjust strategies according to the evolving market dynamics. Conclusion: DOT's Tale of Transformation Continues DOT's journey, transitioning from a descending wedge to a consolidation phase, showcases the dynamic nature of crypto markets. As DOT unravels the chapters of its narrative, traders are presented with an ever-evolving canvas, offering opportunities for strategic entries and exits. 🚀 The Descending Wedge Chronicle | 🔄 Into the Consolidation Fiesta | 🎭 Adapting to Evolving Narratives 💬 Join the conversation: Share your insights on DOT's transformation and your strategies for navigating the current consolidation phase! 🌐✨
Long
by Yaroslav_Krasko
3
Polkadot could rise to 15At the end of October, BINANCE:DOTUSDT started a new uptrend, aligning with the broader market movement of various coins. This upward momentum was marked by a decisive breakthrough above the descending trend line of a prolonged falling wedge, surpassing several key horizontal levels. However, the ascent was halted near the August 2022 high, around 10. This apparent pullback, occurring after the surge, was essentially a correction within the nascent uptrend. DotUSDT found robust support around the 6.5 zone, indicating a stabilization point. Currently, the coin appears poised for another upward movement, targeting the resistance level around 15. My bullish outlook remains strong as long as support at 6.5 holds firm. Considering the potential, buying dips in this coin could present an incredible risk-to-reward ratio of 1:6.
Long
by Mihai_Iacob
9
DOT : Potential ABC CorrectionDOT/USDT Daily Chart, potential ABC correction ( Wave2). ................................................................................................................. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
DOTUSDT#DOTUSDT 4H The current price of the dot is $7.65. Considering that we have the compression of the candles in this area, if it breaks up with a strong candle and a whale, it will break the yellow trend line and the resistance of $8, and target 1 with 10% profit in It is available. If the upward trend continues up to target 3, we may have a price increase. Pay attention to the risk range that we showed with the red arrow, because below this area equals a heavy fall. Technical analyst: Amir Hassan Salek
Short
by taghadosi