DOT : Potential ABC CorrectionDOT/USDT Daily Chart, potential ABC correction ( Wave2).
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DOTUSD
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DOT Bearish Forecast ☁️; BTC, ETH Bullish, ☀️ OutlookBullish skies ☀️ grace the global crypto market for the next 24 hours! Upside potential beams for Bitcoin and altcoins as the SEC approves the first spot Bitcoin ETFs. A very bullish forecast for Ether, with a market correction on the horizon. 🚀
ATTMO predicts a sunny week overall, but watch out for bearish clouds ☁️ looming over Polkadot, signaling potential downside risks.
Stay weather-wise in the crypto world and follow us for more crypto weather reports!
DOT - correction incoming? [By Ivan | Skyrex]Hello, everyone!
BINANCE:DOTUSDT demonstrated great pump yesterday. But this pump is not gonna be forever. We can see the early reversal sign right now. 5 Elliott waves structure has been completed and Awesome Oscillator has a bearish divergence. We have a clear correction target is 0.38 Fibonacci, equals $6.3.
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#DOT/USDT LONG#DOT
We have had a Down flag since May 2022
The price respected the limits of that channel to a great extent
Now we have a breakout of the boundaries of that channel to the upside with a break of the Moving Average 100 up
Price 5.55
First target 7.38
The second goal p.17 9
We are oversold on the MACD and bullish supported by buying momentum
What is DOT's next move?The large wave B of the DOT symbol is over and we are now in an ascending C wave
Wave a consists of C and now we seem to see a correction for wave b of C The green range is the rebuy zone, which consists of two FLIP lines
Closing a weekly candle below the green range will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
DOT look juicyDOT really look nice as is currently in an uptrend in all TF but there are liquidity below and DOT is ready to grab that below before pushing higher...... Please don't be induced into this market but longing in CMP...... Wait for the liquidity to be swept before entering into it...
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This is in resistance (DOT)❤️❤️Thanks for boosting 🚀 and supporting us!
📈we are in big renge in daily and sell in ressistance.
📊 (sell) : 7.313
🔴 Stop Loss : 7.960
🎯 Take Profit : 6.558 - 5.968
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DOT LOOKS READY FOR NEW LEVELThank you for reading this update.
Depending on our study we see that DOT has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
DOT Triangle countIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
#DOT update.
Looking more and more like a triangle.
No tunnel vision, though.
From here, would like to see a bit more ups before a pivot is put in.
Cheers!
DOTUSDT Breaks Trend Line!The DOT/USDT trading pair has recently experienced a notable development as it broke a significant trend line after a prolonged period of consolidation. This breakout suggests a potential shift in market sentiment, with bulls gaining momentum.
DOTUSDT (1W Chart) Technical analysis
DOTUSDT (1W Chart) Currently trading at $5.9
Buy level: Above $5.7
Stop loss: Below $4.2
TP1: $7
TP2: $9
TP3: $13
TP4: $18
TP4: $23
Max Leverage 2x
Always keep Stop loss
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POLKADOT: +100%! What's Next?In our last analysis, we identified that we were in a 535 zigzag pattern. We had a bullish setup on the completion of wave B (subwave C). We moved up perfectly and gained over 100% raw gain from that trade!
We are now at a critical zone. We are looking for a rejection here and then a move down to complete the major ABC zigzag pattern.
Trade Idea:
- Watch for rejection of structure
- Safe entry on break of red trendline
- There may be a risk trendline lower timeframe so do keep a look out for that
- Targets: 3.6, 2, taper positions thereafter
Goodluck and as always, trade safe!
See our last analysis below:
POLKADOT - Higher Timeframe Overview ✨Polkadot is currently within a correction (Wave B). Wave B is made up of 3 subwaves and we are currently in subwave B and expecting subwave C.
We currently do not have a bottom in place so the best we can do is look for lower timeframe trendline break and reversal patterns.
See our next post for lower timeframe analysis.
Goodluck and as always, trade safe!
POLKADOT long term goalIs It Finally Time To Buy DOT As Polkadot 2.0 is Coming?
hello dear trader and investors
do you know( polkadot v2) faster than sol and kadena?
Is It Finally Time To Buy DOT As Polkadot 2.0 is Coming?
it is time for polkadot ’s rally
Polkadot 1.0 vs 2.0 —
A comparison between Polkadot 1.0 and Polkadot 2.0 highlights significant differences. The transition from slot leasing to a cumulative asset model will enable smaller projects to access Polkadot’s infrastructure without committing millions of dollars or locking up tokens for extended periods.
The number of available parachain slots is expected to increase from a limited 50 to a range of 500 to 1,000 cores, further expanding Polkadot’s capacity to onboard projects.
Polkadot 2.0 Launch Date —
Gavin Wood, Polkadot’s founder, has been actively involved in developing Polkadot 2.0.
While the technology is expected to be ready by late 2023, the official upgrade and release will occur in early 2024.
This timing aligns with the end of the major DOT unlock events, potentially setting the stage for a new wave of positive sentiment.
Polkadot 2.0’s new system for allocating block space could increase liquidity for the DOT token. Revenue generated from core time sales will be channeled into the Polkadot Treasury, and token holders will have a say in how these funds are distributed through governance. Periodic token burns are also being considered, which could make DOT deflationary and positively impact its price.
good luck
DOT Future Outlook 🚀One cryptocurrency that is lagging behind in my opinion is Polkadot.
Our last limit order for DOT didn't get filled. After close scrutiny, it appears to be a completed Wave (a), with the formation of Wave (b) underway or just completed. There might be a brief upward move, but I don't anticipate it surpassing the level of Wave 1. A Flat pattern, whether Regular or Expanded, seems likely, potentially for wave (c) retracing precisely to the wave (a) level or just below it.
Considering this as a Wave 2 scenario, a wide stop-loss is advisable for added safety. A target around $7 would represent a 50% retracement, while pushing to $8 could mean a 67% gain. 📈
DOT → Rocket to the Upside? This Simple Analysis Answers That!DOT reversed from $5.88 into a bear channel on November 11th and had three pushes down that ended 10 days later. This point of impact included contact with the 200EMA which resulted in a large bull bar closing near its high. So is the bear channel over and this bull flag play out?
How do we trade this?
The current price area is crucial to whether or not we long here. If this bar closes on or near its high it will be yet another strong bounce off of the 200EMA forming a higher low. Such an occasion gives us enough justification to enter a long position, placing a stop below the 200EMA and targeting the previous high when the bear channel started.
It should be noted, that the price is below the 30EMA and the bear channel resistance, so watch out for resistance at these levels. Be prepared to either take some profits at the bear channel resistance or get out if the price action begins to show signs of reversal, such as strong bear candles closing on or near their lows.
Taking selling half of your position for profit at bear resistance gives you about a 1:1 Risk/Reward. You could move your stop loss up to break even, and then you've locked in profits. The remaining half of your position becomes a bonus at the 1:3 Risk/Reward, which should allow you to make more rational decisions in your trade management.
Trade Idea
Long Entry: $5.14
Stop Loss: $4.92
Take Profit: $5.80
Risk/Reward Ratio: 1:3
Key Takeaways
1. Bear Channel/Bull Flag, Look for Long Entries.
2. Three pushes down, Bear Capitulation Candle on the Third.
3. Strong Bull Response on 200EMA, Reversal Evidence.
4. Currently forming a higher low, wait for the Candle to Close.
5. RSI coming up from 33.00, Bias to Long.
You are solely responsible for your trades, trade at your own risk!
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DOT Polkadot Price TargetIf you haven`t sold DOT here:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is DOT Polkadot.
I've set a short-term price target for DOT Polkadot at $0.41.
Looking forward to read your opinion about it!