DOTs awakeningLooking at the history of this chart I can say with confidence that this is one of the worst charts I have ever seen. How the whales pumped and surpressed this coin to the ground is just mind-boggling. Technically Polkadot was in a bear market forever. Till now. It's actually about to break one of the hardest resistances since 1,5 years. After that it will create the right shoulder of a bigger inverse head & shoulder on higher timeframes and retest the massive key resistance range of 40-55$, break it and fly to new highs, expecting to fill the gap since birth and reach the final target of 200-380$ in wave 3.
DOTUSDT trade ideas
DOT/USDT 1HInterval ChartHello everyone, let's take a look at the DOT to USDT chart on a one hour time frame. As you can see, the price quickly came back and remains on the upward trend line again.
Let's start by determining the support line and as you can see, the first support in the near future is $9.30, but you can see how the dynamic movement quickly brought the price down to the support zone from $8.25 to $7.69.
Looking the other way, you can see how the price is currently fighting in a strong resistance zone from $9.91 to $10.38, which was not successfully maintained earlier, but if we now come out on top and the price stays above the zone, we can see an increase towards the resistance. at $11.71.
Looking at the RSI indicator, you can see a local upward trend line, above which there is still room for growth, while the STOCH indicator is again moving near the upper limit, which may result in another attempt at recovery.
Polkadot(DOT): Broken Resistance Might Be Tested Polkadot is looking promising after having a really good breakout from the local resistance zone.
As any breakout/breakdown needs a healthy re-test, we are looking here at two possible scenarios that could happen, which will get further confirmation after the re-test. What do you think—Plan A or Plan B?
Swallow Team
DOT is slowly waking up!Polkadot (DOT) is widely recognized as one of the leading projects in the cryptocurrency space. In my opinion, it has significant potential for growth in the midterm, and I have identified specific price targets that I believe are achievable. However, it's important to note that these are personal opinions and projections, and should not be construed as financial or investment advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
✴️ Polkadot 6X SHORT (280% Potential)For Polkadot we will focus solely on chart signals.
Notice a strong higher high in March compared to December.
The March candle has really high volume but red. This is matched by the RSI producing a very strong lower high (bearish divergence).
The bearish signal is a combination of a very strong negative session, a bearish divergence with the RSI, high bear volume coupled with marketwide bearish action. All those combined result in a very strong signal.
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SHORT DOTUSDT
Leverage: 6X
Buy-in: $9.88 - $9
Targets:
1) $8.30
2) $7.95
3) $7.20
4) $6.40
5) $5.55
6) $4.95
Stop-loss: Close daily above $10.2
Potential profits: 278%
Capital allocation: 3%
____
Will it go down or will the price recover?
Hard to tell, market conditions can always change.
We can have these bearish signals but everything can change in a flash.
➖ One needs to be able to adapt in the case this happens.
Will all the targets hit?
Hard to tell, some targets can hit and then a reversal happens.
➖ One needs to be able to adapt and have a strategy to take profits, secure your trade.
Leveraged trading is recommend for experienced traders only because of the high risk. If you choose to use this information, you do so at your own risk.
Nothing that I share is financial advice.
Everything I share is my opinion only and intended for educational purposes, learning and entertainment.
I hope you find this information useful —this post timely.
Thank you for reading.
Namaste.
Dot usdt 1D (Imperial army ready to attack💥)Hello friends, I hope you are doing well, you can see the dot currency chart in the daily time frame. The order to attack has been issued and the patriotic soldiers are ready... hoping to win again✌️🫡
I hope you made the most of my previous analysis and made a good profit
DOT-USDTI don't trade frequently, but when I do, it's with certainty.
"DOT seems poised for a breakout, possibly leading to another price surge!
Find your entry point, practice effective money management, and always use stop-loss orders.
I am not here to give numbers! see the chart do your entry, exit and risk management!
Buy DOT - Crossing Major Resistance and invalidating double topDot is at very interesting level, its about to break major resistance level at 10.373 it already broke daily resistance of 9.6
there are two possibilities.
1. is crosses 10.373 level and go up from there
2. it retraces back and go towards VAH level
DOTUSDT.1DBased on the provided market data, the DOT/USDT pair is currently showing signs of a bullish trend. The current price of 9.785 is above the support levels for 4h, 1d, and 7d, indicating a strong buying pressure.
The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. An RSI above 70 usually suggests overbought conditions. The RSI values for 4h, 1d, and 7d are 71.71, 85.95, and 74.16 respectively. This indicates that the market is overbought in these timeframes, suggesting caution as there could be a potential reversal or slowdown in the trend.
The MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator. A positive MACD indicates that the 12-day EMA is above the 26-day EMA, which is a bullish signal. The MACD values for 4h, 1d, and 7d are positive, reinforcing the bullish trend.
The Bollinger Bands (Bb) indicate the volatility in the price. The current price is below the upper Bb for all timeframes, indicating less volatility and a potential for price to go higher.
The resistance levels for 4h, 1d, and 7d are 10.720, 10.840, and 10.992 respectively. These are the levels that the price would need to break through to continue its upward trend.
In conclusion, the market data shows a strong bullish trend for the DOT/USDT pair. However, the high RSI values suggest the market is overbought and there could be a potential price correction or slowdown in the trend. As always, it's important to consider other factors and your own risk tolerance when making investment decisions.