DOTUSDTDOTUSDT is looking very strong.
Buyers seems to be very interested and will put the price at 8.5 level.
DOTUST trade ideas
DOT/USDT Price Update in Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
#DOTUSDT is currently trading within a well-defined descending triangle pattern with strong support around the $5.5-$6 range.
~ Support Zone: A strong support zone exists between $5.5 and $6, highlighted in green. This area has historically acted as a significant support level, preventing further downward movement.
~ Resistance Levels: The primary resistance levels to watch are $7.6 and the major resistance at $11.58, which aligns with the peak levels from early 2024.
~ Relative Strength Index (RSI): The RSI indicator at the bottom of the chart shows a bullish divergence, with the RSI making higher lows while the price makes lower lows. This divergence often precedes a potential bullish reversal.
If DOT/USDT breaks above the descending triangle, the 100EMA, and the primary resistance levels, the measured move target from the breakout point suggests a potential rally up to approximately $12.
The invalidation point will be a breakdown and close below the $5.5 support level.
DYOR. NFA.
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DOT: Both Moves Are PossibleDOT: Both Moves Are Possible
DOT is moving in a corrective pattern. It looks like it will rise but as
I see DOT is showing the chances for both moves.
A move above or below the pattern will show the next price direction.
Considering BTC latest developments we can see DOT moving down again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
DOTUSDT is BullishPrice was in a strong downtrend, and it has given a breakout from the trendline, following bullish RSI divergence at hourly time frame, suggesting that bulls have assumed control of the price action. Targets are mentioned on the chart.
DOT: Is This The Bottom?Polkdot is my favorite crypto coin right now. I came across this coin after speaking with a MIT professor a few months ago. I really like the use case and the team behind this coin. That being said, I think we've reached the bottom and are going to turn upward going into the remainder of the year. My first PT is 15 and PT2 is 22.
Polkadot (DOT): Neckline Zone Has Been Broken!Polkadot has made a nice breakdown from the neckline zone, giving us a final confirmation of head-and-shoulder pattern formation here.
As we have broken it fully, the price is re-testing that broken zone, where we are looking for a rejection to happen!
Swallow Team
Falling Wedge Confirmed. DOT to 7.3 USDT Higher high and higher low formation complete.
Indicators bullish. Expecting price to rise to 7.3 USD .
$DOT Perpetual - LongCRYPTOCAP:DOT Perpetual
Entry : 5.772 - 5.685
Stop loss : 5.55
Targets : 6 - 6.24 - 6.4 - 6.8 - 7.1 - 7.5
DOT: Next Target 5.4 ???DOT: Next Target 5.4 ???
On DOT Chart we can see that the price already broke out from one bearish "Flag Pattern"
and so far the price is accumulating again.
The chances are higher that we may see another "Flag Pattern" to be confirmed soon.
A breakout from the pattern should push DOT even lower as shown on the chart.
The first support zone will be found near 6.
Once the price crosses $6, then it will open the door for further declines to $5.4
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Polkadot (DOT) Faces Increased Selling MomentumCritical Support Breach:
The daily chart shows a significant increase in selling momentum, driving Polkadot’s price below the critical $6 support level and out of a multi-month triangle pattern. This breach has triggered a substantial long liquidation event.
Downtrend Indication:
The price displays no signs of recovery on the daily timeframe, indicating the possibility of a continued downtrend.
Temporary Pullback Potential:
A slight and temporary pullback to the broken $6 threshold could occur, confirming the breakout and solidifying the bearish scenario.
Key Levels to Watch:
Primary Target: The substantial support region at $5.
Resistance: The significant resistance at $6.
Market Volatility:
Traders should exercise caution as the market may experience heightened volatility and notable fluctuations in the short term.
Stay alert and manage your positions wisely during this volatile period! ⚠️📉
#Polkadot #DOT #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Trading #Bearish #Volatility
Long idea on DOTok, I need to describe the damn thing, I came in, I just believe in the high season now (I will duplicate the description in coins that I will take)
DOT - Potential bounce from 0.786 fibo levelDOT is approching a reversal zone between the 0.618 and 0.786 fibonacci levels. Price decreased by 53% from the last higher high and volume is decreasing, suggesting a price increase in the near future
DOTUSD Elliott wave countWatching fore evidences for and end of wave (ii)).
Key support levels 0.618 fib retracement and 1.618 fib extension wave (a) vs (c).
We see also oscillators divergence that may signal a trend change to the upside.
Support around 6.684 is the keyHello, traders.
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Unlike the SOLUSDT chart, the DOTUSDT chart is in a reverse arrangement, that is, a downward trend, with the M-Signal of the 1D chart < M-Signal of the 1W chart < M-Signal of the 1M chart.
When trading stocks (coins, tokens) that show this kind of movement, it is recommended to trade in short bursts.
Currently, the BW indicator of the TS - BW indicator is forming a horizontal line at the lowest point, and StochRSI > StochRSI EMA.
And, depending on whether there is support near HA-Low (6.684) on the 1D chart, you can trade.
Therefore, it can be seen that it is in a position where you can trade before the SOLUSDT chart.
However, as I mentioned above, since the price is below the M-Signal indicator on the 1D chart, it is recommended to check whether it breaks through upward and maintains the price.
Accordingly, I think it is more stable to check whether there is support near 7.283 in the box section of the HA-Low indicator on the 1D chart (6.053-7.283) and trade to make a purchase.
Since it has not been long since it turned into a downtrend, if it rises above the HA-High indicator (8.144) on the 1W chart, there is a possibility that it will show a movement to turn into an uptrend, so whether there is support near the HA-Low indicator on the current 1D chart is an important key point.
If it falls below 6.343, you should check for support near the 5.473-5.929 range.
If it rises above 7.319,
1st: 8.144-8.620
2nd: 10.131-10.611
You should check for support near the 1st and 2nd ranges above.
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The range expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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DOT is approaching a potential rebound zoneHello everyone, I invite you to review the chart of DOT in pair with USDT, looking at the one-month interval. We can start by identifying the main downtrend line that the price is currently below. Going further, you can see that we are approaching a very important support zone marked with a red rectangle. In this situation, it will be important to maintain the price in this zone, because it may be a good place for accumulation and a change of direction. However, looking the other way, we can identify four places of resistance that the price will have to face before it moves towards a new high.
Polkadot (DOT): Head & Shoulders Pattern Has Been DetectedAfter a nice rejection from EMAs, Polkadot has been seeing good pressure from sellers where we are now at the neckline zone, looking to break it.
If all plays out nicely, you should see a nice downward movement to the lower zone.
Swallow Team
Polkadot (DOT): Neckline Has Been Broken!Since last time, the price has nicely broken that neckline zone, which started the bearish movement towards that lower target zone!
So far, the price has moved 15% and still has room to fall!
The price seems to be secured down below neckline so get ready!
Swallow Team
DOT/USDTI think that wave 2 is over, so I will buy for wave 3. The goals of wave 3 are included in the chart
DOT formed a Saxaphone patternEverytime a trend forms the shape of a ladel or a saxaphone BINANCE:DOTUSDT , it usually means an imminent sell off. So if price bounces off of the symetrical tirangle, then great, it's just a retest...but if price falls below $7.20 and then again below $6.90 it will be major capitulation down to the lower $5.00 range.
Polkadot (DOT): Possible Breakdown To HappenPolkadot has been bouncing from one side to another, and now we see pretty strong pressure to lower side of the triangle formation here.
We see that the price touched nicely on the lower side here and yet is showing some weakness after a small attempt to breakout.
We are now looking for a breakdown as mentioned earlier, and as soon as we get it, we should see a nice small drop towards the lower support zone (liquidity grab zone).
Swallow Team
Polcadot DOT price chooses the path to the end of the yearWe don't know what's going on in the #Polkadot project fundamentally, but we've heard almost nothing about their sensational parachains.
So let's just write what we see on the #DOTUSDT chart
1️⃣ The #DOT price seems to have drawn an H&S figure and is hovering over an abyss.
If it consolidates below $6, the fall may continue to $4.5, and in the worst case scenario, to $3
2️⃣ But as long as the #DOTUSD price is above $6-6.50, CRYPTOCAP:DOT holders can believe in a miracle and literally pray for a blue scenario.
Its working out to the region of $17-17.50 will allow at least some to exit positions that have been held for 2-3 years.
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#DOT/USDT#DOT
The price is moving within a head and shoulders pattern on a 4-hour frame, which is a retracement pattern
Our right shoulder support area bounced after it was completed
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 6.45
First target 6.82
Second goal 7.07
Third goal 7.31
DOTUSDTDOTUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
