DOTUSDT"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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DOT
dotusdt ---> a great downward movementhello guys...
as you can see on the chart dot is going to touch the descending trendline as well.
if at the same time, it touches one of the gray areas you can get a short position until the blue rectangle.
it is great to inform you this coin had made a double top on the weekly time frame:
the target in the long term is $3.5!
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DOT is on the Verge of its Next Bull Rally | Polkadot Analysis💎Dot is currently positioned near a pivotal support area, having engaged with it on two occasions, signaling potential future movements.
💎At the moment, Dot finds itself within a zone of high demand. If it remains above this region, we might be on the cusp of a bullish ascent.
💎However, should it waver, a bullish trend may only emerge after revisiting the lower order block.
💎On closer inspection, we observed a phase where demand morphed into supply, resulting in a discernible price decline.
💎Looking forward, a distinct supply zone paired with a bearish order block is evident. There's a strong likelihood that Dot will undertake a bullish route to rectify this disparity.
💎In the ever-evolving crypto landscape, staying updated and versatile is paramount. Keep an eye out for further insights and savor your trading adventure.
DOT Outlook: Clouds ☁️ Hover Over Next 24 Hours, Downside RiskDOT could be in for a rocky ride over the next 24 hours, as ATTMO's AI-powered crypto forecasting tool projects cloudy skies ☁️ and a potential bearish trend.
Stay informed with ATTMO's real-time market predictions to navigate the ever-changing crypto landscape.
DOT/USDT Technical Analysis: Ideal Zone for Potential GAINDOT/USDT Technical Analysis: Potential Accumulation Zone for Long-Term Gains
Current Price: $5
Chart Analysis:
DOT is currently trading well below its all-time high, presenting a potential opportunity for investors. A notable observation is the historical pattern of a 10x pump after a breakout from the last accumulation zone in 2020.
Present Situation:
The price has once again approached a similar accumulation zone, indicating the possibility of further downward movement. However, this could serve as an advantageous entry point for the next bullish phase.
Long-Term Strategy:
Consider accumulating DOT between the price range of $5 to $3. This range could provide a strong foundation for significant gains in the upcoming bull run.
Projected Targets:
While aiming for a new all-time high might be ambitious due to potential bag holders from the previous cycle, several target price levels could be lucrative: $10, $16, $23, and $31.
Cautious Approach:
It's essential to exercise caution and conduct thorough research before making any investment decisions. This analysis is a personal perspective and not financial advice.
Thank you for reading.
#DOTIn a downward trend of the 5.16 range, if there is no stabilization above this range, you can enter a trade for a sell position.
DOT/USDT Bullish Scenario💎 DOT has recently broke its support level and is currently in the phase of retesting, where the former support might act as a new resistance. There's a potential for the price to descend toward the demand zone ranging between $4.4 - $4.65.
💎Within this demand zone, there's a likelihood of the price experiencing a bounce, propelling it into an upward trajectory targeting the supply zone between $6.5 - $7.
💎However, if DOT swiftly reclaims its previous support-turned-resistance area, there's a chance it might not touch the demand zone and instead, ascend directly to challenge the resistance trendline and the supply region.
Paradisers, keep your eyes peeled for these pivotal movements! Stay informed and trade wisely. 🌴
1D: $DOT; AMAZING VALUE- PatienceMIL:DOT
If this isn't value i dont know what is. Retracing nearly ..... 100%!! as it just sleeps and sleeps until one day, DOT has RISEN. These plays are what makes your life change IF one can wait. If there is new people here, trust me when I say this..... DON'T be scared and FOOLED by the masses. They wan't you to think and somber about how crypto is dead and will never come back. Those same people are the ones massing mega bags at the darkest depths of the market.
Don't let FEAR and MANIPULATION take over your mind. We know what market's do and what history shows us. Look LEFT! Do you see a common theme?
Been there before and we rise once again!
weeeeeeeeeeeeeeee
Polkadot upward momentum !🚀 🔥 DOT today analysis
💎 It's currently hovering around a key support zone, having touched it twice, indicating potential moves on the horizon.
💎 Presently, Dot is nestled within a demand zone. If it sustains above this zone, we could witness a seamless bullish trajectory. However, if it falters, a bullish move might only materialize after a retest of the lower order block.
💎 Digging deeper, we've noticed a shift where demand transitioned into supply, leading to a notable downward shift in price. Ahead, there's a clear supply zone accompanied by bearishOB. It's highly probable that it will embark on a bullish journey to address this imbalance.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
DOT. Still...?My attitude towards Polkadot is neutral. I just don’t understand where to use it and whether it makes sense. There was a lot of noise, capitalization caught up with a multi-billion $, but is it justified...? So far, it's hard to say, at first glance, no. The only thing that comes to mind is a tweet from Polkadot's official twitter that they are not a security. It seems that Gavin Wood himself wrote it in ecstasy.
DOTUSDTWith the completion of the previous trend, which was the beginning of the stop of the downward trend, here we have to wait for a break from the top to the next red zone
DOTUSDT Short Setup!DOTUSDT Technical analysis update
Short level: $5.120 - $5.150
Stop loss : $5.25
Take Profit 1 : $5.01
Take Profit 2 : $4.85
Take Profit 3 : $4.66
Always Keep Stop loss
Thanks
Hexa
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DOTUSDT 1HDOT/USDT
Watching these levels can be useful to identify potential entry points: it is currently showing supports at 5,162 and 5,119. This indicates that these are the price levels at which buying pressure has historically entered and reversed a downward trend.
Considered short-term targets or points to consider taking profits:
On the resistance side, we see hurdles at 5,238 and 5,258.
The MACD , a trend-following indicator that shows momentum, is pointing down. This can indicate a downtrend or a loss of momentum in the uptrend.
The RSI , an indicator of momentum, shows exhaustion of selling forces. This could suggest that price action may start to reverse into an uptrend if there are no more bears to push the price lower.
The Chop indicator is at 43.17 which is below 50 which is generally considered a trending market. So, although there is some degree of consolidation, the price is still moving significantly.
Given the "needle" move (a quick downward price move followed by an equally quick rebound) it is possible that price action is bouncing back, these moves are quite common on Sundays in the cryptocurrency market.
DOT one of the most perfect chartsHi Everyone;
Today we have DOT, one or the most respected chart
DOT is respecting the TA and have a potential very good growth
as you see the risk to reward is around 400 time the risk
which make it one of the best option to Invest
good luck every one
DOTUSDT 1DInterval ReviewHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the uptrend line, from which, as you can see, the price breaks out at the bottom.
Moving on, we can move on to marking support areas when we start a larger correction. And here the price stays ahead of the first support zone from $5.16 to $4.97, then we have a second very strong support zone from $4.79 to $4.53, and when the price goes lower we have support at 4.20 $.
Looking the other way, we see price bounce off the $5.27 resistance, then $5.60 resistance, a third resistance at $5.94, then a fourth resistance at $6.39.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI is moving around the middle of the range, while the STOCH indicator indicates crossing the lower limit, which can give a temporary sideways trend for the price or a rebound.
Review Chart DOT/USDT 4HHello everyone, I invite you to review the DOT chart in pair to USDT. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range. And when we turn on the EMA Cross 200, we see that the price has stayed on this line, which indicates that the uptrend that was started earlier is being maintained.
Moving on, we can move on to marking support areas when we start a larger correction. And here the first support is at $4.98, then we can mark the support zone from $4.58 to $4.25, however, when the price falls below this zone, we can see a drop to around $3.93.
Looking the other way, we see that the price has reached an important resistance zone from $ 5.35 to $ 5.65, which so far has no strength to break. However, if it manages to exit the descending channel upwards and break through the resistance zone, the next resistance will appear at $6.04, and then the price can move towards the resistance at $7.20.
Take a look at the CHOP index, which indicates that the energy is starting to regain strength, the MACD indicates that we are in a local uptrend, while the RSI is back to the middle of the range, which gives room for the price to go a little higher.
Will the wind blow us down?Trading in this area is risky. Where are the risk takers in the world?
A small growth of 5% or 8% is possible, but the power is falling.
If it can grow and stabilize above the hammer price, then it is ready to fly.
Tell us your thoughts
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.
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.
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!
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.
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