DOT USDTdot usdt possible inverse head and shoulder on daily timeframe hints a major correction. Although the right shoulder is somewhat dragging but still can count on it if it breaks the neckline in the upcoming weeks
DOTUSDT trade ideas
Polkadot (DOT): Head & Shoulders Pattern Has Been DetectedAfter a nice rejection from EMAs, Polkadot has been seeing good pressure from sellers where we are now at the neckline zone, looking to break it.
If all plays out nicely, you should see a nice downward movement to the lower zone.
Swallow Team
DOTUSDTDOTUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
Polcadot DOT price chooses the path to the end of the yearWe don't know what's going on in the #Polkadot project fundamentally, but we've heard almost nothing about their sensational parachains.
So let's just write what we see on the #DOTUSDT chart
1️⃣ The #DOT price seems to have drawn an H&S figure and is hovering over an abyss.
If it consolidates below $6, the fall may continue to $4.5, and in the worst case scenario, to $3
2️⃣ But as long as the #DOTUSD price is above $6-6.50, CRYPTOCAP:DOT holders can believe in a miracle and literally pray for a blue scenario.
Its working out to the region of $17-17.50 will allow at least some to exit positions that have been held for 2-3 years.
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"DOT Coin Analysis: Mid-Box Line Breakdown"💹 Let's dive into Polkadot (DOT), update our previous analysis, and explore new entry points for potential profit.
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🏦 Market Sentiments:
In our previous analysis, due to the impact of the war and other bearish factors, this coin was unable to recover and simply formed a long-term ranging box, with none of our triggers being activated.
📰 Weekly Time Frame:
We're still inside the box ranging from 3.771 to 10.324, which has persisted for about 700 days and will likely continue. Currently, we're at the support and mid-line of the box at 5.932.
I've previously explained about the long-term weekly boxes of crypto coins and will likely provide an educational piece on this in the future. Most crypto coins have formed long-term weekly boxes after the 2021 peak, and without breaking these boxes, they cannot have significant moves. Examples include SOL, LINK, and INJ, which had substantial moves after breaking their boxes.
🔄 Daily Time Frame:
We had a trend line that, after breaking and retesting it, moved upward but failed to go higher after hitting the resistance at 7.609 due to a lack of buyers, forming a ranging box.
If the daily candle closes here as it is, it will confirm the box breakdown, and we can expect a downward move at least to 5.565. Additionally, breaking the RSI line at 34.31 will further confirm this downtrend.
🔍 Four-Hour Time Frame:
We've reached the bottom of the box, and if it breaks, we can expect the downward trend to continue. This rejection from the top and fall to the bottom of the box was caused by Bitcoin's rejection from its peak.
📅 Trading Strategy:
Short Position:
After breaking 6.104, we can open a short position. Entering RSI into the oversold territory will provide better confirmation for our entry.
Long Position:
It's really not advisable to open a long position on this coin because the higher time frame trend is bearish, and even in this four-hour box, the sellers are clearly stronger than the buyers.
💰 Currently, Bitcoin dominance is rising, so it's better to open positions on altcoins and follow them, using Bitcoin's trigger line breaks for trend confirmation. Bitcoin currently controls 55% of the market cap, and altcoins are following its lead.
🔑 Support and Resistance Levels:
Support Levels: 5.565, 4.776, 3.969
Resistance Levels: 6.844, 7.629, 8.360
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
DOT: Next Target 5.4 ???DOT: Next Target 5.4 ???
On DOT Chart we can see that the price already broke out from one bearish "Flag Pattern"
and so far the price is accumulating again.
The chances are higher that we may see another "Flag Pattern" to be confirmed soon.
A breakout from the pattern should push DOT even lower as shown on the chart.
The first support zone will be found near 6.
Once the price crosses $6, then it will open the door for further declines to $5.4
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
POLKADOT - UPDATE -$20 INCOMING AFTER THIS POSSIBLE LAST RETRACE
This is an update on $dotusdt. It now seems clear to me that we have completed the primary degree wave 1-yellow and we are in some kind FLAT for wave 2-yellow which we will be ending coming days or weeks at around the 50-70% Fibonacci zone.
The next point of interest or right place to DCA is anywhere withing the box. Remember I warned you about all these huge pullbacks happening and I told you to position yourselves by buying in parts and not diving in all at once.
Also do not forget that we might not see the last leg (wave 5-green) and the whole FLAT might become a combo making it a RUNNING FLAT thereby moving price to the next target at $15 and above. That is why we don't wait for perfect entry instead we DCA in.
OTHER ANALYSIS
Polkadot (DOT) to $50On the above 4-day chart price action has corrected over 90% since the sell signal back in March 2021. Now is an excellent long opportunity. The reasons?
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence as printed over a 4 month period.
3) Support and resistance. Look left.
4) The target is defined from the falling wedge.
Is it possible price action falls further? Sure.
Is it probable? no
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Long from August.
Return: 1000%
DOT's last bottom before the new ATHCRYPTOCAP:DOT will be ready to target a new ATH from the $4.90 : $4.25 range in my opinion.
Dotusdt Trading opportunityDotusdt pair is currently trading above a significant trendline, which has recently served as a robust resistance barrier. Following the breakout, there was a noticeable retracement towards the trendline, resulting in a considerable rebound.
Our plan involves adopting a cautious approach, awaiting a secondary approach towards the trendline before initiating a long position. It is crucial to closely monitor the immediate resistance level indicated on the chart.
A breach above this level could catalyze a substantial increase in trading volume for the coin, thereby presenting an opportune moment to enter a long position on the subsequent pullback should the price successfully exceed this threshold.
Furthermore, the ultimate bullish objective in the medium term is identified as a pronounced supply zone.
We value your participation and feedback.
Thank you.
DOTUSDT 1D#DOT has formed a falling wedge pattern on the daily chart. Wait for a breakout and then enter. Targets are:
$7.112
$7.990
$8.700
$9.409
$10.419
$11.706
DOTUSDT - who is bullish on crypto?Disclaimer: I don't have a fundamental basis to actually believe in this scenario, but what I see on the chart I see on the chart.
With that out of the way, the shown scenario of an impulse followed by a rather big flat correction, which might be done now, would be extremely bullish, since it would suggest new all time highs (that would be a 13x from here at minimum).
Never only consider one way though, even without changing too much of the count, a not so nice mid/long-term alternative would be this:
Support around 6.684 is the keyHello, traders.
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Have a nice day today.
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Unlike the SOLUSDT chart, the DOTUSDT chart is in a reverse arrangement, that is, a downward trend, with the M-Signal of the 1D chart < M-Signal of the 1W chart < M-Signal of the 1M chart.
When trading stocks (coins, tokens) that show this kind of movement, it is recommended to trade in short bursts.
Currently, the BW indicator of the TS - BW indicator is forming a horizontal line at the lowest point, and StochRSI > StochRSI EMA.
And, depending on whether there is support near HA-Low (6.684) on the 1D chart, you can trade.
Therefore, it can be seen that it is in a position where you can trade before the SOLUSDT chart.
However, as I mentioned above, since the price is below the M-Signal indicator on the 1D chart, it is recommended to check whether it breaks through upward and maintains the price.
Accordingly, I think it is more stable to check whether there is support near 7.283 in the box section of the HA-Low indicator on the 1D chart (6.053-7.283) and trade to make a purchase.
Since it has not been long since it turned into a downtrend, if it rises above the HA-High indicator (8.144) on the 1W chart, there is a possibility that it will show a movement to turn into an uptrend, so whether there is support near the HA-Low indicator on the current 1D chart is an important key point.
If it falls below 6.343, you should check for support near the 5.473-5.929 range.
If it rises above 7.319,
1st: 8.144-8.620
2nd: 10.131-10.611
You should check for support near the 1st and 2nd ranges above.
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The range expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Long signal for DOT/USDTThis technical analysis is based on the daily chart of DOT/USDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 7.046 USDT.
Entry and Exit Points:
Entry: 7.046 USDT
Take Profit: 8.807 USDT (25.01%)
Stop Loss: 6.607 USDT (6.22%)
R/R Ratio: 4.02
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 4.02, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
Polkadot (DOT): Possible Breakdown To HappenPolkadot has been bouncing from one side to another, and now we see pretty strong pressure to lower side of the triangle formation here.
We see that the price touched nicely on the lower side here and yet is showing some weakness after a small attempt to breakout.
We are now looking for a breakdown as mentioned earlier, and as soon as we get it, we should see a nice small drop towards the lower support zone (liquidity grab zone).
Swallow Team
#TOBTC #LQR #DOTin Daily theres a important Resistance area is on the way , i painted As PRZ resistance "
which is most important For DOT
breaking down trading range support will lead the price to those fibo price
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.
$DOTUSDTBINANCE:DOTUSDT
LONG
LEVERAGE
TARGET 1 - 7.500
TARGET 2 - 8.500
TARGET 3 - 9.800
DOT formed a potential ascending triangle pattern on the daily timeframe. Full send after a breakout
$$$ DOTUSDT, Opportunity to take bullve tradeWelcome, Trader. Welcome to our cryptocurrency community!
We are going to discussing #DOTUSDT 💹
#DOTUSDT 🔥🚀
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Update:
#DOT formed a bullish peanut pattern on the 2 Hr time frame 👉✅.
Breakout confirmation is already done✔😉
We are expecting a minimum of 12% 💰 very soon
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dotusdtCRYPTO:DOTUSD BINANCE:DOTUSDT
time frame daily
technical analysis based supply and demand theory
DOT has been consolidating for last 4 weeks!As you can see DOT is in a consolidating phase at the bottom of the trend line, in the next months price can pump to the top range, whitch is 16-20$!
