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DOTUSDT

DOT reversal pattern will comingThe supply zone that we identified in last week’s analysis has once again proved to be too strong for DOT to break through. The bears came in full force near the supply zone at $8.5, causing the price to dive straight to the crucial support level at $6.50. After approaching the support at $6.63 DOT has been trading in a very tight range. A reversal must be seen soon. Otherwise, the support will keep getting weaker, resulting in a breakdown. If this support is not held, we can expect a new 52-week low to be set by DOT. A slight RSI divergence that is hinting towards a reversal is also visible. However, the buying volumes are currently nowhere to be seen. This is why traders should avoid buying DOT until it is able to register a strong bounce from the support level. Once a bounce is seen, we can confirm the formation of a triple bottom pattern. Traders then can set targets at the supply zone at $8.50. It is important for traders to be patient and wait for a clear reversal before buying DOT as a breakdown could still be seen.
by farzan260
DOTUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for DOTUSDT Referring back to our last analysis on June 21, we predicted a falling trend and now you observe that this has happened we have all our targets hit. At this chart, we have R2 and R1 as our resistance areas that the unsuccessful attempts of the price to rise is clear in them. And S1 is our support line that expresses the support of the price at several points. At the moment, we have the price fluctuating over S1. We expect the price to fall to S1 and then by a rise toward R1, we will have two possibilities. Either the price is going to fix over this area and more rise will happen for that to R2. Or the price will start a decline toward S1 and even below that. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
3
#Polkadot Tethered at 2022 Lows, Will DOT Hold Above $6.40?Past Performance of Polkadot Polkadot remains under pressure at spot rates, as per the development in the daily chart. Even though buyers are optimistic about the project, expecting its value proposition to propel DOT higher, bears are firmly in control at spot rates. Currently, DOT is down 71 percent from April 2022 highs and hanging precariously at 2022 lows at $6.40. In the past 24 hours, DOT is stable but down 15 percent week-to-date versus the USDT. The slump points to strong liquidation pressure as the crypto market generally struggles against the wave of sellers. #Polkadot Technical Analysis DOT is down double digits week-to-date and trending inside the July 1 trade range. The immediate support is at $6.40, while bulls have resistance at $7.20 and the middle BB on the upper side. Even though there are attempts at higher highs, given the slight divergence from the lower BB, bears are in command. Therefore, aggressive traders can unload on every opportunity higher towards $7.20. Meanwhile, deeper losses below last week's lows at $6.40 may force DOT towards H2 2021 lows at $4.40, or worse, in a bear continuation pattern. Conversely, there will be hope for bulls if there is a solid break above the middle BB at the back of rising trading volumes at around $7.50. In that case, prices could recover to $8.50 and later $10.5. What to Expect from #DOT? Sellers are firmly in charge, and there is no clear indicator pointing to bottoms. Therefore, bears may continue to unload, targeting a retest of H2 2021 lows. Still, on the brighter side, a close above the dynamic resistance line, that is, the middle BB, may anchor the next leg up towards $8.5 in the short term. Resistance level to watch out for: $7.20 Support level to watch out for: $6.40 [ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Dot's Movement PredictionDot is in a Descending Parallel channel which means the Price is gonna keep Decreasing For now! This chart and Info are Provided by our Sponsor WHITEBIT Exchange. Please Check their Exchange Using the link down below.So as you can see the Price has been in a Pretty Big Descending Parallel channel and No break out has accrued yet! So This basically means the Price will Decrease for now and there is a little chance for Bulls to take The Trend.Right now the Price is at the middle of the channel. the odds of reaching the Bottom channel is Higher Than doing a Break out but in any case the Price shall either reach 4.8 (bearish) or 10 (Bullish) -Dot is in a Descending Parallel channel -No break out -Trend will remain Bearish -low chance for Bulls -4.8 in bearish case -10 in bullish case _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
9
DOT for 1 hour interval!Hello everyone, let's take a look at the 1H DOT to USDT chart as you can see the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 8.29 T2 = $ 8.81 and T3 = $ 9.47 Now let's move on to the stop loss in case of further market declines: SL1 = $ 8.00 SL2 = $ 7.71 SL3 = $ 7.48 SL4 = $ 7.24 and SL5 = $ 6.90 Looking at the CHOP indicator, we can see that in the 1 hour interval we have little energy and the MACD indicator shows a local downward trend.
Short
by cryptodailyuk
DOT triangle breakoutPokadot seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 10.25 and even higher. Just bought... ENTRY : local high @ 8.10 STOPLOSS (SL) : local low @ 7.80 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY - SL) @ 10.25 REWARD RISK RATIO (RRR) : 7.1 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
Polkadot Soon To Go Bullish (125% Target Mapped)We will be looking at 3 signals on the Polkadot (DOTUSDT) chart. 1) As MA200 trends down, prices tend to trend upwards. 2) Bottom pattern formation. The same bottom pattern we've been seeing in multiple charts is also present here. 3) Mirror image. On the left side we have red/down, on the right side the mirror image would be green/up. These are the signals. The light blue line at the bottom of the chart is the stop-loss. We use manual stop-loss (full candle close below this line). This is not financial advice. The charts can always change. Keep in mind that trading is not risk free. Do your own research before trading. Make sure to comment, like, follow & share for more. Thank you for reading. Namaste.
Long
by AlanSantana
1
DOT (Analysis)The DOT was supported at the bottom of its bearish channel last week and is moving towards resistance at $ 8.5, forming a twin floor pattern. A negative reaction accompanied the first encounter with this range. Still, in the second encounter, due to the strength of buyers, there is a possibility of breaking the resistance ahead and continuing the upward movement until the next resistance in the $ 10 range. The downtrend is broken, and if pullback moves to this uptrend and maintains $ 7.5 support, we expect the uptrend to continue with more strength towards higher resistance. The first resistance is in the range of 8.5, and the second resistance is in the range of $ 9. If the uptrend line breaks in the 4-hour timeframe, a price reversal warning will be issued again to lower support.
by MonoCoinSignal
3
Polkadot (DOT) - June 24hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) 3 important segments - 9.26-10.13 - 13.64 - 18.42-19.37 An upward break above the key zone is required to continue the uptrend. (1D chart) Resistance: 9.26-10.13 Support: around 7.16 It needs to rise above 8.71 in order to turn to an uptrend in the short-term and mid-to-long term. However, it is expected that the upward trend will continue only when it rises above the critical section 9.26-10.13. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (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.) ---------------------------------
by readCrypto