DOTUSDT
DOT/USDT 3DAY UPDATE BY CRYPTO SANDERS Hello, welcome to this DOT/USDT 3DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
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CHART ANALYSIS:-DOT is moving in a long-falling wedge and presently holding over its strong horizontal support, from where we've previously seen a huge bullish rally.
RSI is in the oversold area, printing bullish divergence. We've to keep an eye on a solid breakout, which will confirm a pleasant bullish rally in it.
This is not a piece of financial advice.
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Accumulating XLM & DOT -Fractals show PROFITSHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If I haven't already told you, Happy New Year 🥂
I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low or in accumulation zones and altcoins that are known to pump and dump independently of the overall market trend ( bearish or bullish ). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XLMUSDT / Stellar and DOTUSDT / Polkadot .
Incase you missed yesterdays gems, XRP and LTC , find the analysis here : 👀
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DOT/USDT Good days are comingAs you see in this analysis, Polkadot will be one of the best profitable coins in the coming days.
The reasons are:
We have reached the monthly demand in control zone and we have pulled back to it for the first time (FTB).
We have reached the bottom of the downtrend weekly channel.
We saw the falling wedge pattern in the daily timeframe and its break out is imminent.
Polkadot - DOT lost important volume profile support at $4.60👀PolkaDot lost important volume profile support at $4.60👀
Next lower volume support at $3.90 - if it breaks a lack of volume will lead DOT to $3.15 - logFIB 78.60%
First bullish signs for DOT after breaking above $4.60 and logFIB golden pocket again.
Let me know your thoughts in the comments🤗
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Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
#Polkadot Sinks 24% as DOT on the Brink of Losing $4.2Past Performance of Polkadot
The Polkadot selloff of the last few weeks has seen the coin drop 24 percent from December highs. As it is, the downtrend remains visible, and sellers are in a commanding position. The primary support is at $4.2, and bulls need to reclaim $4.6 for uptrend continuation.
#Polkadot Technical Analysis
There are hints of strength, reading from the performance in the 4HR chart. With support at $4.2, DOT has been printing higher highs relative to the lower BB. Despite this expansion, trading volumes are low, and the uptrend is slower than expected. Besides, since DOT is within the bear range of mid this week, sellers have the upper hand from an effort versus result perspective. Technically, traders can unload on every high below $4.6, expecting a retest of $4.2 with the possibility of trend continuation to $3.6.
What to Expect from #DOT?
The downtrend is defined, and buyers are struggling as the bear market bites. Until DOT clears $4.6 with rising participation levels, sellers will remain in control aiming for further drops to the critical support at $3.6.
Resistance level to watch out for: $4.6
Support level to watch out for: $4.2
Disclaimer: Opinions expressed are not investment advice. Do your research.
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(DOTBTC 1W chart)
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(DOTUSDT 1W Chart)
(1D chart)
This time HA-Low is falling and is looking to spawn at 4.514.
Therefore, it is important to be able to rise with support in the 4.514-4.605 section this time.
As you can see from the DOTBTC chart and the DOTUSDT 1W chart, there is no upward force and it is approaching the initial listing price.
I think there is little you can do in this situation.
Therefore, I think it is better to wait for the trend to turn into a short-term uptrend.
To turn into a short-term uptrend, it means when MS-Signal, which was holding the price higher than MS-Signal, turned into an uptrend.
To do so, it must show that the price is maintained at least in the 4.514-4.605 range or higher.
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** 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.)
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💰Buy Polkadot (DOT) at the best place and price✨🔰You can see Polkadot's crypto analysis in a 30-minute time frame (DOTUSDT_ 30min) 🔍🎁
💥Considering that the price has been able to break the Down trend line🖤, if the price can reach the DEMAND zone and the Down trend line🖤 to pullback, it can rise up to the SUPPLY zone🔺🚀
Do you think this analysis can be profitable🧐❓
I hope the analysis was useful for you🤍🌹
________📈TRADER STREET📉_________
DOT ANALYSIS#DOT UPDATE.
#since dot got break below to the descending triangle and the move was about 20% .it is most likely that we might see dot testing the green line support before making any further move.
DOTUSDT 1H** High figure misconfiguration!! DOT lost the bullish channel in the 1h time frame and now needs a buying impulse, which can be given by the RSI which is indicating oversold.
DOT is the lifeblood of an ecosystem that can best be defined as a Hugb of blockchains that are the parachains. It is one of the ecosystems with the highest amount of programming input. Unfairly underrated.
Here are the supports and resistances:
S: 4,474 / 4,411
R:4,593 / 4,61 / 4,687
DOTUSDT 1HDOT has started a discrete bullish channel in pursuit of MM200. At the moment it is stuck between the median of the keltner channel and the MM100, but with the RSI indicating the exhaustion of selling forces, we will likely see DOT heading towards the upper edge of the Keltner channel and then upper edge of the bullish channel. If we break this channel down, we could reach a support at 4.52.
DOT is the lifeblood of an ecosystem that can best be defined as a Hugb of blockchains that are parachains. It is one of the ecosystems with the highest amount of programming input. Unfairly underrated.
Here are the supports and resistances:
S: 4,545 / 4,411
R:4.67 / 4,668 / 4,746