Dot On Verge Of Massive Breakout In weekly Tf Seems Like Dot has Already Bottomed Out Formed Falling Wedge In Weekly Timeframe Incase Of breakout Expecting 250 to 300% bullish Move In midterm
DOT
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price is moving in the local downtrend channel.
Let's start with the support line and as you can see the first support in the near future is $5.96, if the support is broken then the next support is $5.76.
Now let's move on to the resistance line, as you can see the first resistance is $6.10, if you manage to break it, the next resistance will be $6.22, $6.31 and $6.41.
Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD is on the verge of entering a downtrend, while the RSI shows a definite rebound, which creates room for new price increases.
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a four-hour interval. First, we will use the yellow line to mark the uptrend line from which the price has gone down, then with the blue lines we will mark the downtrend channel in which the price is moving in the lower range.
Going further, we can move on to marking support areas in a situation where the correction will deepen. Currently, the DOT price has fallen below the strong support at 0.618 FIB and now the first support is at $6.09 and the second support is at $5.92.
Looking the other way, we will start by marking a strong resistance zone from $6.37 to $6.51, when the price goes up from this zone, the next resistance is at $6.62, the third at $6.73, and then the fourth at $6.89.
At this point, it is worth looking at the EMA Cross 10 and 30, as we can see the red EMA Cross 10 curves, while when it crosses the green EMA Cross 30 from above, it will give us confirmation of the return to the downtrend.
As you can see on the CHOP index, we have a lot of energy for further moves, MACD confirms the ongoing local downtrend, while on the RSI we have a rebound and we have gone to the lower part of the range, which gives us room for new increases.
DOT/USDTPolkadat has reached a strong support zone on the DOT/BTC chart.
But it is not in a bad situation on the DOT/USDT chart and it can climb up to the range I specified. However, according to the situation of Bitcoin and the possibility of its correction, as well as observing the divergence in rsi, there is a possibility of correction up to the range of $5.6.
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price has decisively broken the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $6.36, if the support is broken then the next support is $6.25, $6.16 and $6.06.
Now let's move to the resistance line, as you can see the first resistance is $6.59, if you manage to break it, the next resistance will be $6.71, $6.80 and $6.90.
Looking at the CHOP indicator, we see that the energy is being consumed, the MACD indicates a local uptrend, while the RSI indicator has touched the upper limit and we immediately see a price correction.
Polkadot's Bear RunThis one isn't as clear either and looks like it wants to reverse.
It looks like it wants to go up.
The bearish cross can lead to just that, a short-term reversal but it signals a mid/long-term drop.
Look at the volume, it has been decreasing.
The Altcoins move together.
What one does the rest follows...
Polkadot (DOTUSD) is also likely to go down before the next bullish run.
Namaste.
Polkadot Weekly View - March 2023Hello Guys, Weekly Analysis is on the DOTUSDT Symbol in a 1H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
✴️ Polkadot Still Early, Can Go Above $25We've been tracking this pair for a while now, DOTUSDT and yet it is still early.
Notice here how the current weekly candle trades below EMA10 and EMA21, this is set to change and we will see the current price action happen above EMA50 and EMA100.
Notice the rising RSI and MACD as well as the reversal candle printed last week.
This is all pointing higher.
Polkadot is still early, many more opportunities showing up each day.
Patience is key and the market pays.
Namaste.
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, we will use the blue lines to mark the downtrend channel from which the price has gone up.
Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $5.47, the second support is at $5.07, the third support is at $4.74, and the fourth support is at $4.41.
Looking the other way, we see that the price is fighting the resistance at $6.16, which so far has no strength to break. However, if it manages to break out above, the second resistance is at $6.40, the third at $6.75 and the fourth at $7.18.
Please look at the CHOP index, which indicates that we are gaining more and more energy, the MACD indicates that we are close to entering an uptrend, while the RSI also shows a rebound and a lot of room for continuation of the move.
Polkadot (DOT) Blockchain Infrastructure and Smart ContractsPolkadot (DOT) Blockchain Infrastructure and Smart Contracts: Web3 Foundation and Parity Technologies
➡️ Web3 Foundation web3.foundation , based in Switzerland, is an organization dedicated to promoting Web3 technologies, with Polkadot as its flagship product. Its founder, Gavin Wood, was one of the co-founders of Ethereum and played an important role in developing the leading altcoin, including the widely known Solidity programming language.
➖ In the last four years, Web3 Foundation has granted a total of 480 grants to various projects ( medium.com ). The numbers include 60 grants in 2019, 147 in 2020, 123 in 2021, and 150 in 2022.
➖ Parity Technologies ( www.parity.io ), founded by Gavin Wood, is the company behind Polkadot blockchain. Wood served as CEO of Parity for many years and currently serves as the company's Chief Architect.
➖ Since the launch of parachains in late 2021, Polkadot has become a large and diverse ecosystem with 74 parachains currently active on the network ( polkadot.network ). In total, there are about 550 projects running or in development on Polkadot's technological stack.
➖ Over 200 teams have launched or are creating their own blockchains on the Polkadot network, recognizing that this model better suits their needs.
🎉 Exciting news arrived in November 2022 when Web3 Foundation announced after three years of collaboration with SEC that Polkadot's native token, DOT, has transformed and is no longer considered a security.
Web3 Foundation's Polkadot Reaches New Milestones in 2022: Record Development and Tokenomics Explained 💥🚀
In 2022, the Web3 Foundation grant program reached two important milestones: receiving its 1000th grant application and supporting its 400th project. It's no surprise that Polkadot's development reached record levels in 2022. DOT is the native token of the Polkadot network.
➖ Polkadot has no maximum coin limit (inflationary model), and rewards are distributed through the protocol's staking mechanism.
➖ Currently, there are 1.16 billion DOT tokens in circulation. It is expected that the supply of DOT tokens will reach 1.5 billion by January 2025
➖ Check out the detailed tokenomics ( www.coingecko.com ) and Polkadot's roadmap ( polkadot.network ). Priorities include scalability, inter-parachain communication, Relay Chain management, staking, and bridges to other ecosystems.
💥 In 2022, the project truly showed good development dynamics. However, it's important to keep in mind that Polkadot is still a very young ecosystem (the average parachain has been on the network for only about 6 months). This year, the project team will need to put in a lot of effort to keep up with the race of leading blockchains.🚀
Polkadot $DOT Price breakdownThis is a price breakdown of BINANCE:BTCUSDTPERP based on Smart money concept in combination with Supply and demand and candlesticks.
By using the following:
- Fractals Period 2: major and minor high and lows were identified.
- Trend Change and break of structure were drawn to identify the trend.
- Supply and demands zones were identified by using reversal patterns such as engulfing candlesticks to ensure area of entries and exits.
- Fair value gaps were identified on the charts to identify future reversals.
I believe after market shift formation, Price tends to break the structure to revisits previous demands and supply zones. In this case, It is around a demand area which may indicates a possible bullish signals.
Entry and exits with stop loss are drawn.
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $5.28, if the support is broken then the next support is $5.17 and $5.03.
Now let's move to the resistance line, as you can see the first resistance is $5.38, if you manage to break it, the next resistance will be $5.46, $5.52 and $5.59.
Looking at the CHOP indicator, we see that the energy is gathering strength, the MACD indicates that the price is about to return to a downtrend, while the RSI shows that we are moving at the lower end of the range, which could potentially give a sideways trend or increases.
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a four-hour interval. First, we will use the blue lines to mark the downtrend channel in which the price is moving.
Moving on, we can move on to marking support areas when we start a larger correction. As we can see, the price fell below the strong support at 0.618 FIB, and turned back moments before the second very strong support at $5, however when the price drops below the next support is at $4.23.
Looking the other way, we see that the first resistance is at $5.81, when the price breaks it, the second resistance is at $6.20, the third is at $6.52 and the fourth is at $6.85.
Please look at the CHOP index, which indicates that the energy is slowly starting to rise, the MACD indicates a downtrend, however, there is a change in the direction of the blue line, which can give a trend change. On the other hand, on the RSI we touched the lower limit of the range, which gave a visible price rebound.
DotDot technical analysis basically on elliott waves Principles and Priceaction strategy
Dot can be down to 4$
wait and watch.
Polkadot Bullish Divergencespotted some bullish divergence on polkadot which looks promising as one of the market leaders, and one of the strongest parachain tokens. would be neat to see it turn around and help the market as a whole
DOT/USDT Technical Analysis ( Bearish in Short Term )Currently, $DOT is trading at $5.70, indicating a bearish trend in the market.
Based on the chart analysis, it is expected to reach the $5 target in the coming days.
It is essential to keep in mind that the support level for $DOT is at $5.61, and if it breaks, the price may drop below $5.
However, $DOT has strong potential for long-term growth, and investors should try to accumulate it during significant dips in the market.
The following support and resistance levels should be monitored:
Support: $5.61/$5.11
Resistance: $6.15
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#crypto2023 #buildtogether #altcoins #DOT #PolkaDot
DOT/USDT 1HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 1-hour time frame. As you can see, the price is close to breaking the local downtrend line.
Let's start with determining the support line and as you can see, it is worth marking the support zone from $5.94 to $5.90 in the first place, if the support is broken then the next support is $5.86 and $5.80.
Now let's move to the resistance line, and here we will also mark the resistance zone from $6.02 to $6.07, when the price breaks this zone it will be able to attack the $6.20 level.
Looking at the CHOP indicator, we see that there is a lot of energy to continue the move, the MACD indicates a local uptrend, while the RSI has a large increase, but there is some room for the continuation of the move.
DOT/USDT Relative Strength Index DOT/ USDT 3h Binance pair Shows Long Position , Because Relative Strength Index reverse after touching 30% lowest bar mostly Time Frames Shows Long Position According to RSI expect of 1day . if you have any other idea about DOT please share your idea.
DOT's Predicted MovementDot is in a Broadening wedge pattern. Now It's at the bottom of the pattern which means there is plenty room for It to Increase further! 7$ is a BIG Resistance Beware of it. DOT can end up around 9$.
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🌍Thank you for seeing idea .
Have a nice day and Good luck
🔥FANTOM WILL BE A TOP GAINER SOON. BEST PLACE TO OPEN A LONG!🔥Hi, friends! Fantom was the top gainer before the pullback. Almost 200% from the bottom.
I think that after this pullback, we will see one more pump of this alt. So I recommend you not to miss the entry point.
📊 TRADING PLAN FOR FTM:
🔥 test the $0.44-0.45 value area as the support
🔥 volume growth means that the bottom for FTM reached
🔥 bullish BTC
🚩 The $0.41 key level is a second possible entry point. Pay attention to this too!
✅ THE MAIN TARGETS FOR FTM:
1. $0.6 - the key level and local highs
2. $0.65 - the key level and local highs
3. $0.75 - the key level
Traders, what are your expectations for FTM? Will it reach $1 at this local bull market? Write in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
DOTUSDTDOTUSDT 8H
The DOT USDT chart in an 8-hour period continues to indicate the bearish channel. It could break the upward channel and leave this bearish trend, but if it drops from the level of 5,833 then we will have a SHORT TRIGGER, that is a trigger for the shorts.
On the M45 chart, we will see the supports and resistances:
DOTUSDT M45:
S1:6,215
S2: 6,145
R1: 6,331
R2: 6,356
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price has left the local downtrend channel.
Let's start with the support line and as you can see the first support in the near future is $6.41, if the support is broken then the next support is $6.35 and $6.29.
Now let's move to the resistance line, as you can see the first resistance is $6.50, if you manage to break it, the next resistance will be $6.55, $6.62 and $6.72.
Looking at the CHOP indicator, we see that there is some energy left for further movement, the MACD indicates the maintenance of the local uptrend, while the RSI is moving in the lower part of the range with room for increases.
