Second chance to buy Polkadot?As we know Dot hit rock bottom in October. Since then Polkadot didn't even consolidate, maybe did some pullbacks. This is my idea of how it will go in near future. First support zone is around 6.6-6.8 which is minor support zone. If first support zone can't hold Dot above we most likely to see 5.5-5.75 zone which is a major support zone. And I will be looking for Long position entry either futures and spot.
DOTUST trade ideas
Buy at support level is preferred at this timeDoesn't look like the follow buy strategy is going to work at this moment. Buying at support level, i.e. EMA200, EMA100, EMA50, will be more ideal during this volatile market. Focus on large cap first, e.g. BTA, ETH, SOL, AVAX, DOT, MATIC, etc. They are less volatile.
DOT Bearish signGood day
Dot is currently trading in the range of 7.5-10 if we fail to go above 8.50 i will expect this pattern to play out and DOT will retest the major support between 4.75-3.50. This however all depends on BTC if BTC pumps it will recover , if BTC dumps to retest 28,000-32,000 range it will drop to those major support.
DOTUSDT.4HBased on the provided market data, the DOT/USDT pair is currently trading at 7.881. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 41.06, 53.25, and 67.69 respectively. This suggests that the currency is neither overbought nor oversold in the short term (4h), slightly bullish in the medium term (1d), and somewhat overbought in the long term (7d).
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.202, 0.412, and 0.681 respectively, indicating a bearish trend in the short term, and a bullish trend in the medium and long term.
The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 9.593, 9.600, and 9.610 respectively, suggesting the price is in the lower range, indicating a potential upward movement.
The support levels for 4 hours, 1 day, and 7 days are 7.320, 6.560, and 5.800 respectively. If the price falls below these levels, it may indicate a bearish trend. The resistance levels for 4 hours, 1 day, and 7 days are 8.900, 8.002, and 9.180 respectively. If the price breaks through these levels, it may suggest a bullish trend.
In conclusion, the DOT/USDT pair shows a mixed trend with short-term bearish and long-term bullish signals. It is recommended to keep a close watch on the resistance and support levels, as well as the RSI and MACD for any potential trend reversals or confirmations. Please note that this is just a technical analysis and actual market conditions may vary. Always consider other factors and conduct thorough research before making any investment decisions.
Dot is Short Term Bearish Hello Everyone, Today I want to show my analysis on $Dot. It is short Term Bearish as I have some confluences as mentioned below:
1: It was making HH's HL's continuously but recently it has done MSB shown by Red Line. After that it is making LL's LH's. The Next low is around 7.60 to 7.80.
2: The head and shoulder pattern can also be seen formed and neckline broken successfully with a valid retest.
3: The Trendline is also broken in 4Hr. So Overall it is looking bearish in the short term.
Let me know what are your thoughts guys!
DOT USDT LONG SWING| DOTUSDT | LONG @ 6 - 6.5 | TP @ 6.75, 7, 7.25, 7.5, 7.75 | SL @ 5 | PATTERN = FALLING WEDGE | BYBIT |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:DOTUSDT BINANCE:DOTUSDT.P BINANCE:DOTUSD BYBIT:DOTUSDT.P OKX:DOTUSDT.P MEXC:DOTUSDT.P COINBASE:DOTUSD BYBIT:DOTUSDT
DOT/USDT If DOT Success Breakout the resistance Easy to $13💎 DOT has certainly established itself as a notable player. Currently, DOT is on an upward trajectory, making another attempt to break through a key resistance area.
💎 Earlier, DOT faced rejection at this level, leading to a downward movement. A successful breach of this resistance zone could pave the way for a smoother climb for DOT, potentially allowing it to reach the targeted bearish OB area.
💎 However, should DOT once again fail to surpass this resistance barrier, it might retreat to the support level around $7.7. A more concerning scenario would see DOT descending further, possibly reaching the Bullish OB area.
💎 The Bullish OB zone becomes crucial in this context. For DOT to resume its upward trend, it is essential that it rebounds from this zone, regaining enough momentum to challenge the resistance once more. Failure to hold ground in the Bullish OB area and a subsequent breakdown could signal a shift in DOT's trend from bullish to bearish. Such a development could lead DOT back towards a more substantial demand area.
Dotusdt Bounces from strong zoneDOT has exhibited a notable bounce from the extreme demand zone, showcasing resilience in its price movement. This momentum suggests a potential for continued upward trajectory. It's advisable to monitor the chart closely for informed trading decisions.
This zone has been spotted far back in 2022, where it was tagged Area of Value AOV. For more on this check out here:
While anticipating further ascent, it's crucial to keep a keen eye on the extreme zone. In the event of a price retracement toward this area, it could present an opportune zone for buying.
The immediate and mid-term targets have been outlined on the chart, providing crucial reference points for potential price movement.
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Thank you for your participation!
DOTUSDT4H time frame DOT analysis
The current price is $8.2. According to the yellow trend line, if it breaks upwards, targets 1 and 2 will probably be touched, and target 3 will be touched after them. Pay attention to the red support box at the bottom of the price. If we lose this area, we will see price correction to $7.5 and even lower levels of $6.9.
Technical analyst: Amir Hassan Salek
LONG $DOTThere is a Wyckoff accumulation pattern beneath the bullish trend pattern that CRYPTOCAP:DOT has been following, you can trade within the trend line with your stop loss around $8.5 till we have a breakout from the bullish trend pattern. It's my first time publishing by the way, I am absolutely new to this. DYOR
DOT CORRECTION THEN IMPULSEHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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DOT WHAT'S NEXT!
As we can see price is still overall bullish trading inside this rising broadening wedge pattern.
However, price is sitting around our upper bound of this channel, where we will be looking for new bearish correction movement, Meanwhile, for the bears to kick in we need a break below the marked major swing low, then a movement lower would be expected.
If that happens, then as the price will be approaching our lower rising trendline, lining up with a strong demand zone, we will be looking for new longs as a trend following buy setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
DOTUSDT is BearishAfter forming a bearish RSI divergence on 1H time frame DOT is starting a bearish rally, lower highs and lower lows are printed and the momentum is expected to continue. Moreover, according to AB-CD pattern the projection of this move is below 7.8. Targets are mentioned on the chart.