DOTUSD support and Resistance levelPolkadot still solid inside channel up pattern, this is a great progress for bullish.
This week DOTUSD try to break resistance 1 level, but it failed and almost reach channel up support.
Target from channel up support at resistance 2 at $5.06 with maximum target at resistance 3 at $5.69
If channel up pattern break down, Polkadot still have fibonacci support at $4.05 to hold bearish movement
If you have any question about this analysis, let me know at comment below.
DOTUSD.P trade ideas
DOT & Market coming down?I have a portions staked and plan on buying more but I am happily going to swing trade the portions I took out of the market.
I saved myself from some major losses of gains and I PROTECT MY PROFITS!!
I want you to protect your profits.
Plenty of people that were long term investors of all crypto were shaken out.
They went long or short 5 min early or late & missed their ride in the wrong hood.
They are now not there to help pump the price or volume and if Blackrock can watch the blood dry and then come in for the Bull run in the BULL market they would rather.
This I believe is the BEAR market bull run.
Now I have a larger portion to swing trade with.
Be safe. Good luck.
This is not financial advice. Everything can shoot the moon and also go down the toilet.
I hope the best for the ones who were wiped out today.
PolkaDOT protocol is building PolkaDOT has a lot building around it!
Lots of news & hype is coming.
EverythingAltcoin on youtube has a great video posted up today. You best check it out and give him a follow!!
I believe we will see a new ATH with DOT and Cardano ADA will also be at a new ATH this cycle.
None of my work is financial advice it can go to ZERO
Polkadot DOT upside is thereWeekly chart & I will publish a Daily to show my Idea zoomed in.
PolkaDOT and Cardano ADA now are working on a partnership with Midnight is in the news.
This is the hype I believe, when the link is made I believe that will be the sell the news event.
Swapped some things around and picked up some more DOT & staked it in the last few hours.
Please bounce your ideas off of me!
None of my ideas are financial advice. Much love
Will DOT price Reach $6?Market Context: Polkadot (DOT) is showing bullish signs, especially after breaking a long-standing resistance trendline.
Current Status: DOT is trading at $4.52, forming a Doji candle to retest the broken trendline.
Resistance Level: A strong supply zone exists at the $5.57 mark.
Technical Indicators - EMA: The 50-day EMA is rising and teasing a bullish crossover with the 200-day EMA.
Technical Indicators - MACD: MACD and signal lines are rising, indicating bullish momentum.
Recent Performance: DOT has bounced by 24% in the last two weeks.
Potential Targets: If DOT breaks above $4.70, it could aim for $6.
Downside Risk: A failure to break the $5.57 resistance could lead to a retest of the $4 mark.
Market Sentiment: Overall sentiment is optimistic, especially with the bullish breakout above $4.50.
Long-Term Trend: Polkadot aims to conclude 2023 on a bullish note.
Market Catalysts: A bullish breakout could significantly increase the chances of reaching the $6 mark.
Long-Term Outlook: Polkadot price predictions remain optimistic for the coming months.
Polkadot FINALLY Been watching for a good long while.
We have broken the trend and back tested in low time frames IMO.
Risk to reward.. I am taking a chance with now.
Already bought and staked today.
Sold a few of my Solana for the DOT.
Yes they are unlocking more DOT coins and selling(possibly OTC).
Yes this could be a bad idea but we will know in 3-6 months I am guessing.
Don't play with what you cannot watch go away.
DOT could go to ZERO none of my ideas are EVER financial advice.
Have been seeing videos and posts of SOL going to 3K....
I am guessing we are about to see a selloff.
Be safe Y'all and good luck!!
DOTUSD (4H) - Bullish breakoutHi Traders
DOTUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 4.414 resistance level. Only the downward break of 4.105 would cancel the bullish scenario.
Trade details
Entry: 4.414
Stop loss: 4.105
Take profit 1: 4.605
Take profit 2: 4.914
Score: 8
Strategy: Bullish breakout
DOT.USD (Full Analysis Long Term)Hello my dear Followers.
How are you?
I hope you feel great.
It's a new day and I want to talk about Polkadot (DOT)
Please pay attention that it's NOT financial advice because it's just a new vision that belongs to me. and I'm sharing this analysis with you.
So, please be aware and watch the market.
So, let's go into details.
I used the Fibonacci channel to analyze this chart.
0 is the bottom of the chart. 0.5 is the midline and 1 is the top of the Fibonacci channel. and so on
I want to check this asset in the daily time frame. Based on the information we had, we are still in a bearish trend. And expect to drop more.
Today market raised and I think it's just a pull-back to a lost support.
Please don't FOMO.
This market needs to drop more. According to my latest analysis about USDT.D, I expect this item to still go higher and higher. although the DXY is bullish too.
BTC.D is Bullish Too.
if BTC.D is bullish and Bitcoin drops, the altcoins drop more than you think.
It means that the market needs more correction.
There are four support zones for this asset, but just two zones are essential.
Let me define these zones for you. I believe that the main zones for Polkadot are 2.06 and 1.07 USD.
I don’t want to tell you the Polkadot will drop to 1.07 USD, I just tell you this zone (1.07 USD) is the last support and it might never touch the price.
the main support for Polkadot is 2.06 USD.
You should buy your asset at the cheapest price, so, you should be patient.
I want to put in my order of 2.06 USD to buy a Polkadot.
By the way, you should watch the market. Because bad news is coming. And they are really effective in this market.
The main correction wave has not started yet.
I want to refer you to my last analysis of BTC.USD in a weekly time Frame. we are still in the B wave and the C wave has not started yet.
It was my duty to warn you and tell you all the truth.
Sooner or later, but the correction is sure.
Please be patient. Control your emotions.
Opportunities in the market flow smoothly like a river.
It was my duty to tell you all things you need to know.
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this vision with your friends.
And tell me do you agree with me or not?
Good Luck
Ho3ein.mnD
DOTUSD (4H) - Bearish breakoutHi Traders
DOTUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 3.627 support level. Only the upward break of 3.902 would cancel the bearish scenario.
Trade details
Entry: 3.627
Stop loss: 3.902
Take profit 1: 3.458
Take profit 2: 3.184
Score: 7
Strategy: Bearish breakout
DOT Price May Tank to $3.50 as Bloodbath WorsensConsolidation Breakdown: DOT price loses dominance over the $4 level.
50-day EMA Rejection: Polkadot faces constant rejection from the 50-day EMA.
Critical Support: A downfall below $3.75 may plunge DOT to $3.50.
Triangle Pattern: DOT price recently broke down from a triangle pattern.
Bearish Pressure: High degree of bearish pressure warns of a potential drop to $3.
Lower Highs: DOT has been forming lower highs for several months.
Current Price: DOT is trading at $3.86, below the crucial $4 mark.
Bearish Engulfing: A 3.86% drop last night formed a huge bearish engulfing candle.
RSI Indicator: Daily RSI line crosses under the 14-day SMA, hinting at oversold conditions.
Bearish EMA: Both 50-day and 200-day EMAs are falling, indicating a bearish trend.
Support Levels: Upcoming support levels of $3.75 and $3.50 are under pressure.
Flip Side: A reversal will challenge the 50-day EMA and resistance trendline.
POLKA POKER THE GAMBLE IS ON AS THE GAME SEEMS OVERIm not trying to trigger anyone
im just highlighting this interesting possibility
and if you are triggered meh
that said price continuing it HH & HL
broke that important zone not only that it retested textbook style
the only way i can determine whats next in this uncertainity
is through the fib and the past resistance in purple which
could act as great resistance btw especially the first one
if i see a confirmation of sorts there like BoS then im innit
to winnit
but if i see further BnR bro you know whats next
share your chart opinions below