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BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
1
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
DOT Polkadot Double BottomIf you haven`t sold DOT here: Now DOT (Polkadot) has exhibited a promising chart pattern with the formation of a double bottom, signaling a potential bullish reversal. This pattern suggests that the selling pressure has been absorbed, potentially paving the way for an upward price movement. With the double bottom formation in place, DOT has the potential to experience a significant rally, and your first price target of $6.25 seems attainable. As market sentiment improves and buying interest increases, DOT could see notable upward momentum. Looking forward to read your opinion about it!
Long
by TopgOptions
Polkadot DOT price completing the formation of "Double bottom" ?Today's idea will be described based on the assumption that the DOTUSDT price has been forming a global trend reversal through "the Double Bottom" pattern for the past six months Looking at the chart, we can say that DOT was actively bought around $4 in early 2023, in June 2023, and in the fall of 2020 just before the start of the bull run. However, at the moment, the DOTUSD price has rebounded from "the bottom" relatively weakly, so buyers still have a lot of work ahead of them. The first stage of the struggle between buyers and sellers may start around $6 The second stage, which is probably the most difficult, is to break through and fix the price of the Polkadot token above $8 The third stage is the daily dynamic growth of the DOT price in the range of $8-15. On the growth, on increased trading volumes, the "big money" will sell at least part of their DOT stocks, and the "little money" will buy and buy them. Why? Maybe because there will be a new series of news about the latest super application of parachains from Polkadot or something like that) However, it will take at least a few more months for our rather optimistic assumptions described above to come true. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
33
PolkaDot Chart Analysis Polkadot Update Good news for #DOT enthusiasts! Despite a dip below the 20-day Exponential moving average at $4.95 between June 27 and June 30, the bulls held strong positions, indicating strategic buying at a lower price. MIL:DOT The current focus for #PolkaDot bulls is to break and sustain the crucial resistance level of $5.56. Once this barrier is conquered, the DOT/USDT currency pair is expected to soar towards $6/$7/$8. However, reaching $5.564 may attract substantial short-selling pressure. Nonetheless, as long as the bulls prevent the price from dropping below $4.70, the chances of a rebound towards the downward trend line significantly increase.
Short
by CryptoPatel
3
The 4.605-5.408 section corresponds to the buy sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTUSDT chart) The 4.605-5.408 section corresponds to the buy section. Therefore, it is necessary to check whether it is supported and rises in the 4.605-5.408 section. However, since the HA-Low indicator on the 1M chart is formed at the 6.640 point, it is recommended to take an aggressive buying approach. 1st: 6.280-6.640 2nd: 7.530-7.860 3rd: 9.262 Split selling is possible when there is resistance around the 1st - 3rd above. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
DOT 4Hinterval ReviewAs the third, we will check the DOT chart on the four-hour interval. As we can see, the price is above the uptrend line marked in yellow. Let's start by marking the price support spots and we see that we first have support at $4.84 but if the price goes lower then we have another support at $4.72 and then we have a very strong support zone at $4.60 $ to $4.42. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that currently DOT does not have enough strength to break the resistance zone from $5.04 to $5.27, but when this happens, we have another very strong resistance at $5.56, only after a positive test of this resistance we will be able to see a further price increase. When we turn on the EMA Cross 200, we will see an attempt to return the price to a strong uptrend, but at the moment the price is fighting to maintain this trend. The CHOP index indicates that there is still a lot of energy to be used, the MACD indicates a return to the local downtrend, while the RSI is in the process of recovering and we are approaching the lower end of the range, which may indicate the imminent end of the current recovery.
by cryptodailyuk
Bullish Momentum and Important Resistance LevelsThe resistance range of $5.14 - $5.37 is being examined for DOT. If the price surpasses $5.37 level, it indicates a bullish signal, propelling it towards the resistance zone of $5.6-$6.00. The supports are 4.70 and 4.37 levels. The RSI level for DOT is currently at 68. The RSI is a momentum oscillator that measures the speed and change of price movements. A value of 68 suggests that DOT is experiencing relatively strong momentum and may be approaching overbought conditions. Traders and investors often consider RSI levels above 70 as an indication that an asset may be overbought and due for a potential price correction.
by MonoCoinSignal
2
📉 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.) 💡💼📚
Long
by STP_MrNodeItAll
1
Polkadot going to $0,50? Polkadot dead?Polkadot is one of the worst performing altcoins. On top of being a poor performer during the bullrun (compared to other coins), it is also the worst performer during the bear market. It appears interest for polkadot has disappeared. Polkadot has been in a downtrend for nearly 2 years. Downtrends tend to continue trending down until they continue up. There are no signs of a reversal. Based on the past history, it is possible polkadot will drop another 90% from its current valuation. The chance of polkadot reaching its old all-time-high is, based on current situation, only 0.1%.
CRYPTO:DOTUSD
by couldntcomeupwithone
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.
by cryptodailyuk
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
Long
by MarsSignals
4
Bearish Trend Breaks Support, Await Signs of ReversalOver the past month, the price of DOT (Polkadot's currency) has faced considerable downward pressure, moving between the support level of $5.15 and the resistance level of $5.60. However, the price recently broke below the lower boundary of Polkadot's currency range channel, indicating a bearish trend. This selling pressure was so strong that it briefly dipped below the price floor of $4.23, which had been established at the end of 2022. Interestingly, the price of Polkadot found significant monthly support within the range of $4.24 to $3.98 and responded positively to this support level. This suggests that there is a potential for a trend reversal and upward movement in price if we observe encouraging signs of a positive reaction and a change in the trend on the daily and four-hour time frames within this support range. These signs could indicate a reduction in selling pressure and a renewed demand for DOT. However, at present, we do not see these favorable indications on the mentioned time frames. It may be necessary to wait for signs of a trend change in the short-term, particularly for lower time frame trades. For example, on the 15-minute time frame, if the resistance level between $4.53 and $4.57 is broken, it could serve as a signal for a short-term trend reversal. It is important to closely monitor how the market responds to this monthly support level, as a strong positive reaction could result in the price of Polkadot fluctuating within the range of $4 to $5 for a certain period of time. Considering the current market conditions, it is crucial to remain cautious and wait for confirmation of a positive trend change before making any significant trading decisions. The RSI (Relative Strength Index) value of 34 on the 4-hour timeframe suggests that the market is in a slightly oversold condition, but further analysis and confirmation are necessary to determine the direction of the price movement.
by MonoCoinSignal
2
DOTUSDTThe dot is approaching the important support of $5, and near this point we see candles that stick together for a long time, which many of you know as the Smart Money concept. The purpose of this concept is to engage sellers and buyers before the main movement begins. In this case, we can see that first a fake upward move is planned, then many buyers liquidate. The next move will most likely be creating a fake downward move and liquidate the sellers. But the main move after that and It will be up. When both buyers and sellers are out of the game and enough liquid is provided for the main movement. I think $5 can be a good price to open a long position with risk management. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Long
by Madoir
1
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, using the yellow line marked with the uptrend line from which the price broke down, and then we move in the channel marked with blue lines from which the price also goes down. When we turn on the EMA cross 200, we can see that we are below this line as to the actual downtrend, while with the Ema cross 10 and 30, the downtrend is also visible. Going further, we can move on to marking the place of support in a situation when we increase the correction. Here you go very strong support is at $4.98, if the support doesn't hold the price we can see a drop in the area and very strong support at $4.26. Watching the other side of the picture that the price has rebounded off the $5.53 resistance which is still the first first resistance for the price, then we have the second resistance at $5.91, then the third resistance at $6.22, then the price of the change in the direction of return at the level of $6.53. Please enter the CHOP index, which shows that there is still energy for the next move, MACD shows that you are on the verge of returning to the downtrend, while on the RSI we have a rebound and we are approaching the border of the border which may also indicate that a correction is coming till the end.
by cryptodailyuk