DOT - Opportunity to catch a 20% correctionGreetings everyone!
I would like to share with you the analysis of DOT (Polkadot).
We have successfully exited the descending structure, which indicates a transition to the ascending structure. However, this does not prevent us from looking for short-term corrective trades with good reasons.
We are currently seeing the filling of the monthly imbalance in the 11.14 - 14.18 range. Within this range, there is a weekly imbalance zone extending from 11.81 to 13.03. With a favorable risk-reward ratio, we may consider setups coming out of this zone.
Our goal may be to eliminate inefficient pricing on the two-hour timeframe (FVG).
DOTUSDT.P trade ideas
DOT/USDT Ready for another Exponential Rally? 👀🚀DOT Analysis💎Paradisers, turn your gaze to #DOTUSDT as it is positioned within an ascending channel's upper zone and ready for a bullish journey toward the supply zone.
💎A look back at #Polkadot's market trajectory shows its journey through an ascending channel, consistently breaking new ground towards higher trends. The price now is facing a resistance at $12.13. When this resistance turns into support, the probability of a bullish rally toward the supply zone will become more evident.
💎For the CRYPTOCAP:DOT traders, staying alert is not just important—it’s crucial. Brace yourselves for a potential surge from the $8.81 support level, if the market’s tale twists unexpectedly, this could be the next point of support for #DOT. Yet, beware: falling below this support will call for a descent into bearish territory.
💎In today’s mercurial market, fusing strategic prowess with decisive execution is more than necessary—it’s the art of survival. But, we are always there for you.
Here I buy Polkadot at $11My next pick
Poldatot at $11
calm down
one day at a time, step by step little by little we go far away,
I'm buying like there's no tomorrow cause the party has just begun here.
there's no use running if you're on the wrong road. I always run on the right roads while they're lost running on the wrong roads all the time.
#DOT Can Reach 14.7 if..;DOT almost broke the weekly resistance area when it got pumped last time but couldn't manage it sadly.
If DOT can close above 10,7 in daily time frame, I'll take a long entry with 5X Cross (%5 of my general margin) and set the target point to 14,7.
According to Elliot Waves theory, wave 3 should get me 14,78.
Also;
Daily Volume seems fine and broke the last high.
Rsi still seems like fine.
All targets and areas on the chart.
Good luck to us all.
I Cannot Short This !!! situation+next targets.Hi.
COINEX:DOTUSDT
😊Today, I want to analyze DOT for you in a 12h time frame so that we can have a short-term view of DOT regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
➡️Price bounced back from support and is now breakout from the descending trendline,
If breakout the ma 100 happens, it could signal further upside.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
-Falling Wedge
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOT Inverse Head & Shoulder - Ready to Go Higher
Dot has iH&S on 4 hour chart. It's not text book perfect but pattern is similar.
It has also shown strength and with the recent dump today on BTC it was affected very minimally.
Once we break the neckline we should go to 1.18 fib at almost $13.
Happy Trading
DOT cycle analysis: VERY BULLISHThe chart in the middle is the market cap of all altcoins minus stablecoins divided by BTC's market cap. as you can see during the last bullrun we had a decline of this value while the price was rising slowly while bitcoin's price was rallying, and as soon as btc started reaching its top then DOT rallied massively.
Today's situation is extremely similar to that. I would suggest to get your positions ready for a big jump as soon as btc stops rallying as it has been doing in the past month.
I think we will see some consolidation above the 10 dollars resistance and then a big rally to about 20 dollars.
Good luck and have fun!
DOTs awakeningLooking at the history of this chart I can say with confidence that this is one of the worst charts I have ever seen. How the whales pumped and surpressed this coin to the ground is just mind-boggling. Technically Polkadot was in a bear market forever. Till now. It's actually about to break one of the hardest resistances since 1,5 years. After that it will create the right shoulder of a bigger inverse head & shoulder on higher timeframes and retest the massive key resistance range of 40-55$, break it and fly to new highs, expecting to fill the gap since birth and reach the final target of 200-380$ in wave 3.
DOT/USDT 1HInterval ChartHello everyone, let's take a look at the DOT to USDT chart on a one hour time frame. As you can see, the price quickly came back and remains on the upward trend line again.
Let's start by determining the support line and as you can see, the first support in the near future is $9.30, but you can see how the dynamic movement quickly brought the price down to the support zone from $8.25 to $7.69.
Looking the other way, you can see how the price is currently fighting in a strong resistance zone from $9.91 to $10.38, which was not successfully maintained earlier, but if we now come out on top and the price stays above the zone, we can see an increase towards the resistance. at $11.71.
Looking at the RSI indicator, you can see a local upward trend line, above which there is still room for growth, while the STOCH indicator is again moving near the upper limit, which may result in another attempt at recovery.