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DOT / UST

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DOTUST trade ideas

$DOT Bullish Dragon / Break Hook & GoReal nice setup here on DOT, one of the most undervalued alts paired against BTC. We've been watching this one for awhile, anticipating the move on the BTC pair, and its been setup real nice here on the daily USDT pair. Bullish dragon here, with a potential wave 1 up, wave 2 down. Broken outside of the downsloping supply line and retested, a classic break & hook Really want to see the local high at 7.58 broken, to confirm the double bottom and give more confidence to the idea that a 3rd wave is now under way. Looking for 9$ as a first target, which would be a potential pivot level at the 618 retracement, which is confluent with a 1618 extension of wave 1 up. Above that, the 2.0 and 2.618 extension levels would be likely, as id expect a full return for the imbalance at the top of the dragon. Risk management should always be expressed and all targets should be profit taking levels with the potential to become reversal zones.
Long
by TradingNomadic
Chart Signals Opportunity: Is DOT Poised for Takeoff with DED The DOT/USD chart shows an interesting development with a potential breakout from a falling wedge pattern. The price has broken above the resistance trendline and could potentially reach the target zone of $9.50-$10.50 based on technical analysis. It's worth noting that the upcoming DED token airdrop might be influencing the current accumulation. However, remember that airdrops are speculative events, and their true impact is uncertain. This is not financial advice, and other factors are crucial before investing. What are your thoughts on this potential breakout and the airdrop's influence? Remember, always do your own research and consult a financial advisor before making investment decisions.
Long
by ParabolicP
6
PolkaDot. In The Golden Pocket.Market Cap 6.9 Billion Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55. Price has since corrected 88% and finds itself in the Golden Pocket. We also have our first "Incredible Buy" Signal + Stochastic Oversold. Does that mean the bottom is in? Don't know, I don't try timing the tops or bottoms. Long Term bulls should DCA (Dollar Cost Average) with re-entry at $4, which is the 0.786 fib level , some big Volume Profile can be found there. Can price drop further? Most definitely! Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas. Credit to @without_worries for allowing use of indicators.
Long
by bL1TZZ
2
DOT/USD Weekly Chart Shows Intriguing Signs - $25 Weekly VAH in Possible Wyckoff Accumulation: The weekly chart does exhibit some characteristics of a Wyckoff accumulation phase, including a period of price consolidation with decreasing volume. However, identifying a definitive Wyckoff pattern can be subjective and open to interpretation. Target Zone of $15-25: If a true Wyckoff accumulation is underway, the price could potentially reach the proposed target zone of $15-25 after a markup phase. It's important to remember that this is just a hypothetical target based on a specific technical analysis interpretation. Crucial Considerations: Confirmation Matters: Reaching the target zone requires confirmation through increased volume, breakouts above resistance levels, and sustained momentum. Not Guaranteed: Past performance is not indicative of future results, and technical analysis is not a perfect science. Broader Market Impact: Stay informed about overall market trends, news events, and regulatory developments that could influence DOT's price. Risk Management: Always prioritize risk management with a stop-loss order, regardless of technical analysis or price targets. Remember: This is for informational purposes only and should not be considered financial advice. Conduct thorough research, understand the inherent risks involved, and always consult with a qualified financial professional before making any investment decisions. Further Exploration: Analyze other technical indicators (RSI, MACD, etc.) for a more comprehensive picture. Consider fundamental factors like Polkadot's development progress, adoption, and competitive landscape. Research different interpretations of the Wyckoff pattern and potential alternative scenarios.
Long
by ParabolicP
5
DOT/USDT 4HIntervalHello everyone, let's look at the 4H DOT to USDT chart, as you can see the price is moving in a sideways trend channel where it is holding at the upper part of the range. Let's start by setting goals for the near future that we can include: T1 = $7.51 T2 = $7.92 T3 = $8.40 AND T4 = $9.08 Now let's move on to the stop loss in case of further market declines: SL1 = $6.82 SL2 = $6.45 SL3 = $6.19 AND SL4 = $5.85 The RSI indicator shows how we have bounced off the trend line, while the STOCH indicator remains at the upper limit, which may also indicate an attempt at price recovery.
by cryptodailyuk
🟢 DOT Trading Plan 📈Market Analysis: DOT is holding a higher timeframe range high as support, forming a double bottom pattern, indicating potential readiness for an upward move, contingent upon overall market stability. Trade Setup: Entry: $6.8 - $7. Take Profit: $8 or next resistance around $9.5. Stop Loss: $5.7. Risk Management: Utilize a stop loss at $5.7 to mitigate potential losses. 📊 Trade Strategy Rationale: Anticipate a bullish move in DOT given the formation of a double bottom pattern and support at a higher timeframe range high. 📈💡 Stay alert for market stability and DOT's price action! #DOTTrading #CryptoAnalysis 🌐🚀
Long
by Richtv_official
1
$DOT - Breaking out from a massive falling wedgeCRYPTOCAP:DOT has been trapped in a falling wedge that started forming in March after almost touched the 12 usd mark, and just broke out yesterday printing a CHOCH and potentially drawing a higher low in the next hours. Currently the price looks extremely bullish to me and if the plan goes well, we could see it reaching 8 or 9usd very soon. Beware also that an important EMA passes right around 7.5usd, and price might not break it. In this scenario the price could revisit the entry point or even lower, so don't hesitate to take profit if you feel to. CRYPTOCAP:BTC LOOKS MID-TERM BEARISH AND CAN RUIN THE PARTY, SO TRADE WITH CAUTION.
Long
by fortune_00