DOTUSDT: Bullish TrendDOTUSDT is moving in uptrend and currently moving on trend line and also formed bullish divergence with symmetrical triangle pattern, if DOT break this pattern so this is the confirmation of the bullish trend so wait for the breakout of the pattern and take a long ride with proper risk management, SL and TP.
DOTUST trade ideas
DOT/USDTHello everyone, welcome to a quick review of the DOT chart. As we can see on the chart, we are locally moving along a downward trend line. After unfolding the fib retracement grid, you can see the price staying above the strong support level at $7.04, then the support level at $6.73, and then the strong support level at $6.44. Looking the other way, you can similarly identify resistance points. And here we can see the resistance at the level of $7.17, the next important place is $7.40, after which we will be able to see an upward movement towards the resistance at the price of $7.77.
DOTUSDT.PHello Trader BINANCE:DOTUSDT.P
CRYPTOCAP:DOT
There is a slight breakdown in the 30 minute area up to the 4 hour area. This price weakening is also an indication of a rising wedge pattern, positive reject small resistance range area 7,190
entry area : 7,190 - market price
take profit 10%
stop loss 2.5%
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Disclamer: Not Financial Advice
Polkadot (DOT) Daily Chart AnalysisCurrent Situation:
A detailed examination of Polkadot’s (DOT) daily chart reveals a bearish sentiment. The price faced rejection after a period of sideways movement around the critical $7.5 resistance level and the significant 200-day moving average.
Bearish Indicators:
Resistance Rejection: The price was rejected at the $7.5 resistance level, reinforced by the 200-day moving average.
Seller Dominance: Sellers are currently dominating the market, suggesting a bearish retracement towards the $6.5 threshold is increasingly likely.
Key Support and Resistance Levels:
Resistance Level: $7.5
Support Level: $6.5
Market Context:
Despite the bearish sentiment, Polkadot remains confined within a decisive range marked by the $7.5 resistance and $6.5 support. A breakout from this range will likely establish the direction for a sustained trend.
Trade Strategy:
For Bears: Watch for a break below the $6.5 support level for potential short opportunities, targeting lower levels.
For Bulls: A break above the $7.5 resistance could signal bullish momentum, providing opportunities for long trades.
Stay vigilant for a decisive breakout from this range to gauge the next sustained trend direction for Polkadot.
#Crypto #Polkadot #DOT #MarketAnalysis #SupportAndResistance #BearishTrend #200DMA #TradingStrategy #Cryptocurrency #Blockchain
DOTUSDT is BullishBullish RSI divergence appeared on 1H time frame, after that a higher low was printed and now previous lower high is breaking, this is a sign that bulls are taking control of the price action, and a bullish rally is on the cards as per Dow theory. Targets are mentioned on the chart.
DOT is bullishWe have a bullish CH on the chart and we have higher highs and higher lows.
By maintaining the demand area, it is expected to move towards supply
The targets are clear on the chart
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Polkadot to 31.Polkadot made a higher high in March, since then Dot went down by 41% and still consolidating. 41% may sound awful but it is a great opportunity to invest or do futures trading. 5.5-6 would be a very comfortable area to consider investing or trade. As you can see Fibonacci 0.5 and 0.618 are perfectly lined with crucial zones. I will be taking profits at those green lines. For Spot trading I suggest HODL a little longer till Dot makes a higher high. Hope you can understand and sorry about my English.
Important points: 6.684, 8.144, 10.611Hello traders!
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(DOTUSDT 1M chart)
The key is whether it can rise above 9.262 and receive support.
(1W chart)
It is expected to rise above 10.373 to escape the bottom section.
To do so, the key is whether the price can be maintained by rising above the HA-High indicator (8.144) on the 1W chart.
The full-fledged upward trend is expected to begin when the price rises above 19.370, which is the volume profile section.
(1D chart)
The M-Signal indicator on the 1W and 1M charts is passing through the 7.319-8.144 section.
Therefore, it is highly likely that an upward trend will begin if the price is maintained above 8.144.
If not, and it falls, you should check for support around the HA-Low indicator (6.684) on the 1D chart.
From the current price position, the HA-High indicator on the 1D chart is formed at the 10.611 point, so it is expected that the full-fledged upward trend will begin only when it rises above this point.
Therefore, the critical points are 6.684, 8.144, and 10.611.
You can proceed with your trade depending on whether there is support at these three important points.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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