Polkadot is in bearish trend on 1H timeframe. it is creating LL's and LH's and following a trendline. There is an indication that it will follow the bearish trend as there is no bullish divergence on RSI. Possible entry at fib level of .382
DOTUSDT chart is printing LH & LL which shows DOT in Declining Phase But RSI is printing Bullish Divergence.
that's why I'm avoiding trade in this down trend.
Week is swing bullish
The price has passed the Strong Swing peak of the weekly frame
We buy and wait for the price to rise to the top of the weekly frame
Polkadot (DOT) has also fell below the 20-day EMA & 50-day EMA on April, 2nd. Previous support level for DOT has been broken at: $8.67. A daily candle is going to close bellow this support level and both EMA's which is extremely bearish short term. Due to this, bears could push the price action down towards to around $8.20 area.
However, If Polkadot bulls can...
Hello everyone, let's look at the 1D DOT to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $9.67
T2 = $10.53
T3 = $11.89
AND
T4 = $12.86
Now let's move on to the stop-loss in case of further market declines:
SL1 = $8.22
SL2 = $7.23
AND
SL3 =...
We are in a good price to accumulate DOT and add more to our bags. It will go side ways for couple of days or maybe a week. As soon as we break 9.70$-9.90$ price we will pump to 15$ to 17$.
Be patient and you'll make money.
Polkadot has had a really nice breakdown where the price got rejected from the 100 EMA zone.
With now crushing down the 200EMA as well, we are seeing a good chance of further movement here, so we are keeping our eyes open for a potential target zone to be reached!
Swallow Team
The price of DOT has breached its previously established ascending trendline, suggesting a shift in market sentiment towards the downside.
First support area is $8.44, Second support area is $7.50 and third support area is $6.30. I hope we can regain the ascending trend before reaching the third support level.
DOT is in a good position to buy and accumulate right now between prices of 9$ to 9.5$.
It's preparing for a huge move to 15$ and 17$. You can buy on spot and sit on the bag.
DYOR
Hello Trader BINANCE:DOTUSDT.P
rising wedge chart valid area when breakdown below 9,417 area, but if you want to short scalping can market price
take profit 6%
stop loss 1.5%
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Disclamer: Not Financial Advice
If you have not taken any entry, now is the time. Don't miss this chance before it takes off. Lots of things are happening in Polkadot and this is under value right now. I can DOT rally is near.
Dotusdt has recently experienced a breakout followed by a retracement, indicating potential upward momentum. With signs pointing towards new highs, entering for the long term could be promising. However, it’s crucial to maintain a disciplined approach by implementing a stop loss to mitigate risks along the way
DOTUSDT (1D Chart) Technical analysis
DOTUSDT (1D...
DOT seems to have defined a higher low on daily time frame, and would now head towards previous higher high. Bulls are in control of the price action and a good rally of 20%-40% is expected from current levels. Targets are mentioned on the chart.
