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DOT / USDT 1D CHART - Resistance and SupportHello everyone, I invite you to review the DOTUSDT 1-day chart. It is worth starting by marking with the yellow lines of the downtrend triangle in which we have been moving for over a year, but we are approaching the direction of the price. However, locally, as we can see, the price is below the downtrend line. Now, using the Fib Retracement tool, we will check where we currently have support for the price and here we have the first support at the price of $ 5, from which the price has already rebounded three times, but if the support is broken, we have another support at the price of $ 4.55 and $ 3.82. Looking the other way, we will set the DOT resistance points in the same way and here we have the first resistance at the price of $5.57, the second at the price of $5.92, the third at the price of $6.21 and the fourth at the price of $6.50. On the CHOP index, we see quite a lot of energy, the MACD indicator indicates the entry into a downtrend, while on the RSI we are below half, there is still room for a larger correction.
by cryptodailyuk
DOT / USDT 1D CHART - Resistance and SupportHello everyone, I invite you to review the DOTUSDT chart on a one-day interval, as we can see, the price went down from the triangle in which we were moving and is currently below the downtrend line marked in yellow. In terms of support, we can see that we have touched the upper border of the support zone which runs from $5,121 to $4,957, however, if we fall below this zone, the price may drop to around $4.48. Looking the other way, it is worth determining the current resistance points for the price and so we see that we have the first resistance at $5,243, the second at $5,419, the third at $5,565, then $5.71 and $5,916. As we can see on the CHOP index, there is a lot of energy for the next move, the MACD indicates that we are on the verge of entering a downtrend, and the RSI that we are below half, however, we still have room for a larger drop, so be careful.
by cryptodailyuk
The price is still sitting on an important support level!DOT has been trending down over the past week. The price is still sitting on an important support level in the range of $5.20-$5.25, and there is no sign of positive reaction and price growth from this level. Last week, an uptrend line was broken to the bottom, signaled by the RSI indicator's negative divergence. Only the specified support level is considered the last valid short-term support for the short term. If the selling pressure increases on Polkadot, by breaking this support, the price can continue down to the $4.50-$3.60 range, and the bottom of the descending channel can be fake broken. As soon as the price hits the indicated monthly support, we can expect a strong positive reaction. Considering that the price of the Polkadot currency has reached good support levels, there is a possibility that some market whales will take action to activate the loss limit of buying transactions and fake breaks. For a less risky situation, you should wait until the break of the new downward trend line and the confirmation of the downward angle pattern.
by MonoCoinSignal
5
🔥✅ATOM IS GOING TO MAKE +40% AFTER THE FALSE BREAKOUT❗🔥 Hi friends! ATOM is a highly volatile altcoin. What could be better than volatility for traders? But there are no huge pumps since the FTX crash. ✅ I can assume that after this false breakouts and pullbacks, ATOM show us all it's strength. 📊 Here you have 2 option to open a trade: 1. the first one is after the false breakout which is more profitable and more risky. 2. the second is during the squeeze to the trendline. Less profitable and less risky. 🚩 I will keep you informed as soon as there is a good opportunity to enter. ✅ THE MOST POSSIBLE TARGETS FOR ATOM: 🔥 $11 - the key level 🔥 $12.75-13.3 - the value area 🔥 $13.8-14.6 - the value area Traders, remember to book the profit by parts. I recommend you to book at least 75-80% when the price reach the 2nd target. 💻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.
by Yuriy_Bishko
4
🔥🚩DOT WILL MAKE IT AFTER THE FALSE BREAKOUT❗🔥 Hi friends! DOT is making a pullback after the false breakout of $5.7 key level. All these movement is highly expected, because BTC also make a false breakout of the local highs and fall from $17 000 to $16 600 today. ✅ Remember that 99% of all the altcoins follow BTC! 📊 Now I have the next trading plan for DOT: 🔥 false breakout of the current $5.22 key level 🔥 volume growth which confirm the pressence of the whales 🔥 bullish BTC is a must have for the altcoins grow 🚩 I think that after this local correction and the pullbacks, DOT have a strong chances to reach the next targets: 1. $5.7-5.9 - the closest value area which become the resistance 2. $6.2-6.5 - big value area, huge resistance for the price 3. $7.4 - the local highs and key level Traders, remember to book the profit by parts. I recommend you to book at least 65-70% when the price reach the 2nd target. 💻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.
by Yuriy_Bishko
2
🔴 DOT - Are You Patient?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DOT has been overall bearish for a while and it is now approaching a strong weekly support and round number 5.0 in green. DOT is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. For the bulls to take over from a long-term perspective , we need a break above the channel and last major high in gray. Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 4.0 - 5.0 support. In this case, as price approaches the support again, we will be looking for short-term buy setups. From a short-term perspective , for the bulls to take over, we need a break above the previous minor resistance in orange. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
18
Whether it can rise above 5.67 is the keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTBTC 1W chart) It must rise above 0.0003 911 to gain the power of rising. ---------------------------------------- (DOTUSDT 1M Chart) Whether it can rise above 7.16-9.26 is the key. (1W chart) The key is whether it can be supported and rise at 5.11 and rise above 7.16. (1D chart) The key is whether it rises above 5.67 between December 4-6 and receives support. Since the volume profile section is formed in the 6.28-6.60 section, it is important to rise above this section. If not, you need to make sure it is supported in section 4.16-5.11. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
DOT had good price growth over the past week!DOT had good price growth over the past week. Considering that the price had hit the bottom of the descending channel in the range of $5 in the high time frames, we saw the formation of a double bottom pattern and the return of the price above the range of $5.4. This pattern, which is clearly recognizable in the 4-hour time frame, has confirmed the break of this resistance pattern as the pattern's neckline was formed at the $5.4 range. In the same period of time, we can expect further growth up to the short-term target range of $6 by considering an upward trend line on the last pivots and until this dynamic support is fully maintained. The trend is still bearish until the $6 resistance is broken. There is a possibility of a larger twin bottom pattern forming on the intraday, where the $5.10-$5.30 support level could be a good support area to retest demand.
by MonoCoinSignal
9
Polkadot Starts Forming Bottom PatternWe will look at two more Altcoins that are starting to show early bottom/reversal signals, even if it is for just a relief rally. First one is Polkadot (DOTUSDT), the other is The Sandbox (SANDUSDT). Let's start with Polkadot. We can see the rounded bottom in June/July before the upwards correction took place. Now we are seeing a similar pattern with another bullish signal supporting it. We have bullish divergence between DOTUSDT and the RSI. A strong divergence started forming since August. On the short-term side, we see prices trading above EMA10 and moving pass EMA21. This happens while aiming at MA200 or $7.275 as potential target. (A nice 30% potential growth). We know that Polkadot moves together with Bitcoin... Almost all major Altcoins do. So it is a positive signal when we see it go green as Bitcoin is correcting short-term. Additional details on the chart (support & resistance levels). Namaste.
Long
by MasterAnanda
2