DOT - Short (23 Oct)Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
DOTUST trade ideas
DOT - Still under ResistanceI've been tracking DOT for a long time, spotted the top at $55 back in Nov 2021 and the more recent bottom.
Looking at legacy TA, It looks like it remains under the resistance ceiling after this attempt. Not that exciting after events in recent days but there is a decent chance of a rally to $8 if it breaks. If late to the party, don't feel you need to FOMO in under resistance.
Best, HF
Top:
Bottom:
#POLKADOT #DOT Long-Term targets analysis#POLKADOT #DOT Long-Term targets analysis
During the years 2020 to 2021, a five-wave ascending structure can be seen on the chart, which has taken 2.618 times ascension time to correct these five waves from 2021 to today. Referring to the rules and instructions of Elliott Style Percher, the conditions that have been created for the dot currency so far are the rise in wave 1 and a deep correction in wave 2. For this reason, we expect wave 3 to have a higher height than wave 1 (except for exceptions). Based on these rules and laws and ratios and the relation of wave length three to wave one, it is possible to get an estimate of the price targets until the end of 2025.
The goals are:
Minimum desired target : 28
Target1: 48$
Target2: 97$
Target3: 240$
Target4: 750$
STOP LOSS: 3$
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two higher highs (upper trendline).
Draw another trendline connecting at least two higher lows (lower trendline).
📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside.
📈 Trade Strategy:
Consider buying when the price breaks above the upper trendline of the Falling Wedge.
Set profit targets based on the pattern's height added to the breakout point.
Implement a stop-loss to manage risk in case of a false breakout.
Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
MAJOR RESISTANCE TREND LINE NEEDS TO BREAK!!Keep it simple.
Once trend line is broken and retested, time to long.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Dotusdt is ready to fly?Dotusdt is forming a bull flag which is bullish pattern sooner it could give huge breakout .
For the breakout DOT has to break the 4.6$ mark . For now dot is looking bullish in coming days we can expect dot to reach the price level of 4.3$.
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.DYOR!!!
alt season and market growwhich alt i can invest on
its just advice im not invest adviser
in my experience always invest on alts that have good white peper and those who actually done what thay said in pass
will still thats little hard to choose between all in market lets make it little simple there are coins like dot that done white pepper really good job but never load the price much it means thay done what thay haft to do now waiting for right moment to be seen
dot,cake,matic,cardano,atom
let me remin that i named coins with low risk
in my previous ideas i explained how alt session can start
DOT is entering into bull market!Hello, dear friends!
We have some thoughts that DOT can start it's bull run right now. Talking about Bitcoin it has not clear setup, but DOT is finishing it's Elliott waves cycle.
The falling wedge pattern looks like the ending diagonal in wave 5. This wave also consists of 5 waves. Divergence with Awesome Oscillator confirms the potential reversal.
🚀Follow us and never miss the update
DOTusdt long from price 3.7The seller was squeezed out of the asset, so I'm gaining a position.
The 3.7 level make it clear to me that this is a good range for a position set.
Polkadot - $3 Looms as Sellers DominateHi Traders, Investors and Speculators of Charts📈📉
Polkadot is currently trading 93% under it's ATH. Although this is bad news for most bag holders, the good news is that the bottom is either in - or very close.
There's no doubt that a bullish cycle is overdue, but not just yet. Technical indicators on lower timeframes show bears are still dominating, and there's a chance the price could fall lower once more before the accumulation phase finishes.
Incase you missed yesterday's update on Bitcoin, find it here 📈
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CryptoCheck
BINANCE:DOTUSDT BINANCE:DOTUSD
PolkadotFundamentally not looking so hot rn
But the chart almost couldn't look better tbh
Obv has somehow held the bullmarket range whilst the price has gone back to atl
Sitting on the low area now and has just formed something of a double bottom structure on lower htfs 1weekly daily etc
63% if it can revisit range high from here..
DOT/USDT 1DInterval ReviewI invite you to review the chart of DOT in pair with USDT, on a one-day time frame. First, we will use the blue lines to mark the downward trend channel where the price remains.
Going further, we can move on to marking support areas when we start a larger correction. For this purpose, we will spread the trend based fib extension grid, and we can see a strong support zone from $3.91 to $3.48, as you can see, the price has returned to the levels from which it started in the previous bull market. However, if we fall lower, we may see a drop to the support level of $2.86.
Looking the other way, we see that the first significant resistance is the resistance zone from $4.53 to $4.80, then there is resistance at $5.13, and another strong resistance at $6.
Please look at the CHOP index, which indicates that the energy is running out, the RSI indicator shows that we are still moving near the lower limit, which gives room for increases, and the STOCH indicator is also above the lower limit, which may be an impulse for an upward movement.
Bull run TargetDO NOT FORGET USING A STOP LOSS
Warning:
This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
I hope you are always profitable
DOT longDOT bounced off the support area. Asset broke through the descending trendline. Bullish movement to resistance level at 3.985 is expected to happen. If the next resistance level will be broken up the DOT is supposed to reach 4.28.
Key levels to watchThe coin has been one of the most bearish in Crypto market that we should consider
it's fundamental issues. however in technical aspect we may see something else soon.
at the moment all evidence still shows bear trend will moving on.
so the key support levels on the chart are very important to look.
in my view price can move down for short term and test 3.45$ & 3.2$
as important support levels yet, before turning to bull trend.
however if price could manage to close above my baseline (3.9$), has
more chance for bullish momentum.
also, MACD looks forming bullish divergence but as long as price moving
below the 200MA we can not expect any turning point.
Enjoy the market
DOT Crypto POLKADOT Buy TP = 3.860On the H1 chart the trend started on October 12 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 3.860
But we should not forget about SL = 3.609
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
DOTUSD ❕ low volumeTrading volumes continued to decline on the price correction.
RSI fell into oversold zone (4H TF)
The asset fixed above the 50EMA (1H TF).
I believe that DOT will rebound if it holds above the support level.
DOT/USDT Are We Ready To Drop? Hey traders👋
DOT coin is next one on our watchlist where we see a nice fakeout taking place near 200EMA. Market price has a breakout out of 200 EMA and while going for a re-test it failed and went straight back to lower zones!
We see a good chance for further drop here so keeping eyes open!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Bottom section below 9.262Hello?
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(DOTUSDT chart)
In fact, it can be said that it has entered the bottom section by falling below 9.262.
Accordingly, it can be said to be a coin (token) that does not correspond to the time of transaction.
(1M charts)
One silver lining is that the StochRSI indicator has been sloping.
Therefore, it is necessary to check whether it will not decline further and lead to sideways movement.
(1W chart)
It is falling below 4.876 and renewing a new low.
Accordingly, the key is whether the price can be maintained by rising above 4.234.
If not, we recommend stopping the transaction itself and observing the situation for a while.
I think it is difficult to say that maintaining the price by rising above 4.234 will result in an upward trend.
Therefore, you need to check what kind of support it receives in the 4.234-6.523 range.
(1D chart)
We are falling to an immeasurable point.
Therefore, it is better to wait and see if the price rebounds.
Therefore, when the StochRSI indicator breaks out of the oversold range, you need to check at which point or range it receives support or resistance.
If that happens, the HA-Low indicator is expected to decline.
At this time, the key is whether it can receive support from the HA-Low indicator and rise.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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#DOTUSDT #LQR #TOBTC #LaqiraProtocolThe price is in its weekly support zone. Scalpe resistance zones are clear with the crossover of fibo level on the chart. After confirming and matching with Bitcoin levels, you can open a position this analysis is not an offer to buy or sell
DOTUSDT short ideaHi guys. What do you think about DOTUSDT ? I think so. The price stopped in the middle of the daily descending channel. And after the pullback to trend line (channel floor) it will be supported again for an increase
Dotusdt update Dotusdt currently sitting on its weekly and monthly support. If the support zone breaches the Dotusdt gonna drop more, and the worst part is there is not any support to hold. If the Dotusdt give weekly closing below the support zone then we can see more drop in dot price....
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.DYOR!!!
