DOTUSDT - Double Bottom!DOTUSDT (1h Chart) Technical analysis
DOTUSDT (1h Chart) Currently trading at $7.55
Buy level: Above $7.53
Stop loss: Below $7
Target 1: $7.75
Target 2: $8.25
Target 3: $8.6
Target 4: $9
Max Leverage 3x
Always keep Stop loss
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DOT
Huge pump, If DOT renew it`s lows🚀Hi friends! DOT is close to it`s $6 lows where a lot of long traders stop losses are set. It`s the nice area, where the big player can collect enough liquidity to open a long and a huge growth can continue.
📊 The preconditions to open a long:
1. false breakout of the $6 key level where a lot of retail traders sl`s are set
2. volume growth which confirms that buyers makes it`s purchases
3. DOM and Footprint show us the huge LIMITS WALL to buy
4. of course, bullish BTC help DOT to PUMP
🚩 Last time DOT wasn`t strong enough to make break up of the rising wedge. It will be nice to see the strength of buyer during the false breakout of $6 key level and DOT will go to grow and brake up the falling wedge.
📊 The targets:
🔥 $9-9.5 - the closest value area and the resistance
🔥 $11.9 - the key level
💻Friends, press the "like"👍 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.
DOT / USDT - 4H - SHORTWe have an interesting situation here during this altcoin rally.
DOT is not the best performing assets lately but did a good rally. However it seems running out of steam right now, so a quick short is not out of question.
I would take half profit at 8.7.
As always, DYOR.
Best of luck.
$GLMR Potentially the Next Hidden GEMS at Parachain Ecosystem🔥GLMR or Glimmer is the one of project made by Moonbeam. It's like MOVR but GLMR running in DOT Ecosystem. Green Zone is the range of accumulation zone. if the range price can settle the market selling pressure, GLMR will be huge to in this range. Accumulation zone is in the chart. But i see a Bearish Rectangle in this zone. if it True the candle will break my bottom line.
Polkadot (DOT) - August 18hello?
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(DOTUSDT 1W Chart)
The key is to keep the price above 7.16 and move above 11.72.
(1D chart)
Resistance: 11.72
Support: 6.89-7.74
To rise above 9.75, it must be supported and climbed at or above 6.89-7.74.
If not, you should be cautious as this could lead to further declines.
- As the RSI indicator declines in the overbought zone,
- The Stoch RSI indicator has entered the oversold zone.
Therefore, if the volume does not decline as the volume increases, it is expected to create a pull back pattern and rise.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Rising Broadening Wedge DOT 4hrA Rising broadening wedge is a bearish pattern most of the times
must break resistance line of $9.17 and flipping it to support.
if failed and price fell again $8.96 is the last support line
Breaking all support lines would have a potential dump to $7
$9.67 would be our current resistance on the uptrend
breaking this resistance lead us to around $10.5 which is the upper resistance of the wedge
As I said 😎Hi everyone,
Yesterday I talked about how DOTUSDT was going to retest an important support level and bounce from it which it actually did. (link down below)
Today we are looking at BTCUSDT where we just did a retest of the lower time frame head and shoulders and we are now at the major resistance level.
In the last couple days, I mentioned that we were going to retest that resistance level multiple times and it did that. For now, I expect the price to consolidate a little bit on that resistance level before we break it to the upside.
Notice that we removed the liquidity that was sitting on top of the last peak.
In conclusion, I think that we are still bullish and we are going to make some nice moves the 2nd half of the year.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
Support and resistance zones for DOT / USDTWe managed to exit the downtrend channel marked with blue lines and change it to the current uptrend marked with yellow lines.
It is worth highlighting two areas of support that we have:
The first zone FROM $ 8.81 TO $ 8.24 and the second zone FROM $ 7.36 TO $ 6.78. THEN WE LOOK AT RESISTANCE ZONES AND CURRENTLY WE ARE TESTING A ZONE FROM $ 9.64 TO $ 10.61 IF YOU CAN CHOOSE IT, ANOTHER IMPORTANT RESISTANCE ZONE FROM $ 15.49 - $ 21.30.
IT IS WORTH NOTICE THAT ON A ONE-DAY INTEWRALE WE HAVE A LOT OF ENERGY FOR THE NEXT MOVEMENT AND THAT THE MACD INDICATOR CONFIRMS THE LOCAL IMPROVEMENT TREND.
Trading Signal For DOTUSDT Polkadot Trading Setup:
There is a Trading Signal to Buy in DOTUSDT Polkadot .
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 8.60
⭕️SL @ 8.06
🔵TP1 @ 10.10
🔵TP2 @ 11.85
🔵TP3 @ 13.55
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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Trading opportunity on DOTUSDT PolkadotBased on technical factors there is a Long position in :
📊 DOTUSDT Polkadot
🔵 Long Now 9.35
🧯 Stop loss 8.20
🏹 Target 1 10.10
🏹 Target 2 11.50
🏹 Target 3 13.00
💸Capital : 1%
We hope it is profitable for you ❤️
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#Polkadot Remains Bulls despite DOT Slipping from H2 2022 HighsPast Performance of Polkadot
Like the rest of the crypto market, Polkadot is relatively suppressed when writing. There are hints of weakness, and the coin is down six percent on the last trading day versus the resurgent USDT. Still, buyers appear to be in charge in short to medium term. Notably, the August 8 bar is bearish, reversing gains of August 8, a net bearish.
#Polkadot Technical Analysis
Traders are upbeat, and DOT is up 50 percent from 2022 lows as prices bottom up. The immediate resistance is at $9.5, a price zone that also flashes with May 2022 lows. If buyers reverse August 8 lows and remain above $7.8 and the middle BB, every low may provide a loading opportunity as DOT flies to H2 2022 highs. This may provide an impetus for aggressive traders to buy on dips, targeting $10 and $12 in the medium term. However, if bulls struggle and prices drop below August 8 lows and 7.8, the odds of DOT slipping to $6.3 in confirmation of the August 1 bear bar will be elevated.
What to Expect from #DOT?
Polkadot is bullish and within a bullish formation as per the arrangement in the daily chart. Still, there must be confirmations, shaking off bears of August 8. Technically, DOT is bullish above $7.8 and may float to new H2 2022 highs if prices recover from spot rates.
Resistance level to watch out for: $9.5
Support level to watch out for: $7.8
Disclaimer: Opinions expressed are not investment advice. Do your research.
Polkadot: still moving up?The market is in the uptrend on the Daily timeframe. Another high of $9.27 was updated on August 8. And today the correction has started.
A pullback buying opportunity will appear after the correction is finished and a bullish candle is formed on the Daily timeframe. According to the price chart it may happen in a couple of days .
If the upward movement continues, then the price can move towards the main target #2 . It is the resistance level formed on May 29 – June 1. This target is around $10.44 – $10.78.
The longs will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of August 1 – 4.