DOTUST trade ideas
DOT heads up at $ 6.86: major Golden fib, possible turning pointDOT heads up at $ 6.86, a possible turning point.
Rejection here could send this coin to new lows.
Or a break and retest could be a good long entry.
All of the levels on this chart are a single fib series.
The fib series being DOT's "Genesis" (at birth) fib.
See "Related Ideas" below for info on my methods.
DOTUSDT #002 ( BEARISH PHSE is not finished yet) Hello dear traders.
good days.
First of all thanks for your comment and support.
Dotusdt still is in bearish Gann Square .
On weekly Gann Square , Gann Arc resistance is broken and expect to retest broken Gann Fan line.
Chart is updated and plotted with help of Gann Square and Gann Box .
Safe trades and good luck .
Polkadot(DOT): Looking For Short 👀 DOT is looking for a good entry to move to lower zones, it seems.
After another touch at 200 EMA, the price has bounced back up but remains in between 100 and 200 EMA.
We are monitoring for market price movement here and any potential correction to upper zones or a potential breakdown from 200EMA.
Swallow Team
$DOT #Polkadot Trading IdeaDOT Polkadot H&S Pattern played out perfectly. Now it’s retesting the neckline/resistance level. I still expect to see the price decrease.
Dot rising wedgeDot rising wedge on the 1hr.
Eyes on a volume increase on break..
Target would be $6.10
✴️ PolkaDot | One CandleThe marked session is a Doji (yesterday | 31-December 2023).
A Doji can mean indecision just as it can mean that a change of trend is about to take place.
26-Dec. also closed as a Doji; early signal that the trend is coming to an end.
The 31-Dec. Doji confirms a bearish bias because it happens as DOTUSDT moves and closes below EMA10 on a daily basis. (This matches a rejection below EMA100 on the weekly).
This signal alone can tells us that a correction is now close.
Namaste.
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Want to see an impulse up and out of this box, for confirmation.
Box break must re evaluate! lol
#TOBTC #LQR #DOTDot in daily have a minor support which is used many times
break up confirm level will lead price more value
support area is good place for spot plan
DOT shortDOT is bouncing off the Fibonacci 0.5 retracement zone which is also in line with the resistance level. Bearish movement to support level at 46.5 is expected to happen.
DOTUSDT is BullishDOT is currently bullish, after bullish RSI divergence appeared on 1H time-frame. Moreover, the formation of higher highs and higher lows further confirms the bullish move. Targets are mentioned on the chart.
DOT Spot Opportunity Dot Spot Opportunity.
Very bullish candle.
Plus pullback from Support zone.
Bullish divergence
DOT is charged to reach the moonHello, Skyrexians!
Bitcoin yestrday formed the bullish reversal bar inside the target area. At the same time altcoins including DOT did the same. 0.61 Fibonacci is super strong support area. Bullish reversal bar is the also the great sign of the potential reversal. We expect new highs for DOT in the next month.
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is DOT in a H&S? I'm not sureThe price chart really looks like an H&S, the RSI and OBV show a decline (bearish DIV) and especially RSI didn't follow the price surge of the head. However the volume pattern should be different. To be an undeniable H&S we should have a volume peak either at the peak of the left shoulder or at the first test of the neckline while head and right shoulder should present a declining volume. This is not the case.
profitandstocks.com
However, if the allegedly right shoulder will breakdown the neckline with a surge of the volume this will act as an H&S even if it's not how the books say it should be. In any case, as it is now, it's a bearish pattern.
In case of dumping the bounce should happen around 4.7 USDT but it could be a bit over or lower it. The reason I'm not sure is that retail trading suggest 4.5 and SMT suggest 4.86. Just don't FOMO now.
Good luck
POLKADOT (DOT Trade Idea DOT/USDTPOLKADOT (DOT) has faced recent downward pressure; nevertheless, it is presently trading within a pivotal support zone, as evident from the chart. In the event that the Dollar Index (DXY) gains from its current retrace, DOT/USDT may pursue additional downside targets, given the typical inverse correlation between DXY and DOTUSDT. It is imperative to underscore that this analysis is exclusively offered for educational purposes and should not be interpreted as financial advice.
Polkadot expected price actionCurrent support weak, will likely pull back labelled support before building momentum to move forward. Time will tell. will see how it plays out. regardless, i believe this crypto in undervalued at current price.
DYOR, not financial advice.
DOT/USDT 4HInterval ChartHello everyone, I invite you to review the chart of DOT in pair with USDT. First, we will use the yellow line to determine the downward trend line, and additionally, we can define the local downward trend channel using the blue lines.
Moving on, we can move on to marking support places using the trend based fib extension grid. And here we have a visible strong support zone with prices ranging from $6.67 to $6.15, but if we break out of this zone, we still have support at $5.48.
Looking the other way, we see resistance at $7.09, then we can mark an important support zone from $7.94 to $8.37, and then we have very strong resistance at $9.64.
It is also worth paying attention to the RSI indicator and the STOCH indicator, where we observe a rebound from the lower limit, which results in a slight price rebound with room for greater growth.
DOT Correction
The token is correcting the whole upside that began last October.
We are currently in wave C of the correction, with a high probability initial target of 5.487, which is the 100% extension of waves A-B.
I´ll be watching the end of the correction closely, since price could pump from there.
bearish trend (DOT)📊Analysis by AhmadArz:
🔍Entry: 6.59
🛑Stop Loss: 6.68
🎯Take Profit: 6.45
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Patiently waiting for $5 here No long position here. I'm currently patiently waiting for PolkaDot to drop to around $5 , maybe even slightly lower. As you can see it's trading inside a downward channel, has pierced both the 14 and 50 EMA and even MACD is showing a downward slope. The 61.8 - 67% Fib area is a well respected reversal zone for most instruments and that's exactly where our $5 target is located. Remember guys, always have your risk in check.
DOT Possible Head and Shoulders DOT Possible Head and Shoulders pattern.
Will be looking for breakdown.
After breakdown of support will be looking for short
DOT USDT ShortH&S break neckline, possible Short...first target around $5.08, preaty oportunit to buy spot this price.
DOTUSDT - BULLISH OUTLOOKDOTUSDT is currently displaying a bullish divergence on the 1-hour (1H) time frame, suggesting the potential for a bullish reversal. This divergence is a positive sign and, when combined with other technical factors, could indicate an upcoming upward movement.
For traders considering a position, a proposed trading strategy is outlined below:
Entry: Contemplate entering a long position using a Buy Stop order at the price level of 7.07.
Stop Loss (SL): Implement a risk management Stop Loss order at 6.49.
Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:
TP1 = 7.65
TP2 = 8.23
This strategy aims to capitalize on the anticipated bullish reversal. However, it's important to stay vigilant to any changes in market conditions and be prepared to adjust the strategy accordingly.
