DOTUSDT.P trade ideas
DOT/USDT Anticipating a Breakthrough in Resistance? 👀🚀Polkadot💎Paradisers, focus on DOTUSDT as it's currently exhibiting a notable pattern in the market. Following a recent rejection at a key resistance level, IT is gearing up for another attempt to break through, hinting at a strong possibility of a bullish movement.
💎 Reflecting on #POLKADOT market behavior, we've observed its proficiency in maneuvering through a descending channel, breaking above to commence a significant upward trajectory. Currently, #DOT is maintaining a solid stance above the support level of $6.943. If it continues to exhibit strong momentum, there's a high likelihood of a robust bullish move aiming to overcome the formidable resistance at $9.703.
💎 However, in the dynamic world of cryptocurrency, alternate paths are always a possibility. Should #DOT fail to sustain its momentum, the focus may shift towards a bullish recovery from the support level of $6.197. Importantly, a fall below this level could potentially lead to a downward trend. 🌴💰
DOT Could Break to $10 if It Closes Today Above $6.595Over the last day, BINANCE:DOTUSDT faced rejection at the $7.425 resistance level, leading to a decline below the $6.595 support level earlier in today's session. However, a subsequent rally pushed its price back above $6.595. If DOT manages to end today's session above this crucial level, it might aim to retest the $7.425 resistance in the next 24-48 hours. Surpassing this level could open the way for the cryptocurrency to potentially surge towards $10 in the ensuing days.
Conversely, if DOT closes today below $7.425, it could negate the optimistic outlook. In this less favorable scenario, DOT might revisit the $6.595 support level. A drop below this point could set the stage for a further decline to $5.975 in the near term.
The daily chart's technical indicators, including the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), hint at a possible continued downturn in the next 24 hours. The RSI is on the verge of falling below its Simple Moving Average (SMA), a potential sign of a bearish momentum shift. Additionally, the MACD line's flattening suggests that DOT's upward momentum might be losing steam.
DOTUSDT is BearishDOTUSDT seems have to have exhausted its bullish rally, after the formation of rising wedge on the top coupled with divergence on RSI. It failed to print a new higher high and instead printed a lower high. It also broke the previous higher low which is a good signal that a bearish rally could start from here. Targets are mentioned on the chart.
DOTUSDT Breaks Trend Line!The DOT/USDT trading pair has recently experienced a notable development as it broke a significant trend line after a prolonged period of consolidation. This breakout suggests a potential shift in market sentiment, with bulls gaining momentum.
DOTUSDT (1W Chart) Technical analysis
DOTUSDT (1W Chart) Currently trading at $5.9
Buy level: Above $5.7
Stop loss: Below $4.2
TP1: $7
TP2: $9
TP3: $13
TP4: $18
TP4: $23
Max Leverage 2x
Always keep Stop loss
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DOT/USDT In the crucial area. Break out or rejected again??💎 DOT has certainly commanded considerable attention within the market. Currently positioned in a key supply area, DOT necessitates a breakout to sustain its upward trajectory. Success in breaking through this robust supply zone could herald a bullish shift in the mid-term, probability facilitating an effortless movement toward our target area.
💎 It's noteworthy that DOT has encountered challenges in surpassing this supply region in multiple instances, facing rejections that led to downward movements. In the event of another failure to breach the strong supply area, there's a possibility of a retracement towards the demand zone, initiating a fresh phase of testing and momentum building.
💎 The unfavorable scenario materializes if, during the retesting phase at the demand area, DOT struggles to maintain its position and eventually breaches the demand zone. In such a situation, DOT would revert to a bearish movement, potentially retracing to the strong demand area.
DOTUSDT WATCH CLOSELY POSITIVE RANGE1-Apply your own risk management.
2-Daily and Weekly Targets
3-Hunt the profits at any level you see convenient for you.
4-Raise Your SL any time the price moves up or down to protect your profits
5-Use 10% Spot
#DOT READY FOR THE RALLY
#DOTUSDT #LQR #TOBTC #LaqiraProtocolAfter the strong Rise is expected, the potential ranges are specified in the chart. After confirming and matching with Bitcoin levels, you can look for reasons to enter. This analysis is a personal view and the offer is not buy or sell.
DOT break-out
I'm in a LONG with DOT here because break-outs are happening on both price action and volume indicators.
Targets and invalidation level are found in chart.
Polkadot(DOT): Rising Channel Is Getting Weaker A rising channel is spotted on the DOT coin, indicating an uptrend in the short term. However, the price is currently showing an early weakness, breaking the middle line of Bollinger Bands Path. We have two possible movements here, but the end destination is the same for both of them!
First scenario: We see a price to move towards upper "liquidity zone," from where we will be looking for a downward movement
Second scenario: Current weakness will continue to break that rising channel, resulting in a n early downward movement towards $5.03 or even $4.81
Swallow Team
LONG ON DOT AT PREVIOUS LOWI'm placing an order here on DOT at its previous low price of 3.55 hopefully we will see enough of a pullback soon to get in for a bargain price. There will be others who have had the same idea and placed similar orders. Making this a self fulfilling prophecy
Polkadot's $DOT Reached Its first Target At $6.86Polkadot's CRYPTOCAP:DOT as the precious gem of the crypto market reached its first target on schedule. By crossing 50WMA, the 100WMA level is still considered the main resistance before reaching the important level of $10.
Goodluck
Dot to $15A cycle with Gann analysis, CRYPTOCAP:DOT is following a square shape and its final target $15, you can follow this chart to have potential supports/resistances in the future
dot/usdt /longIf you miss the opportunity to break the downtrend, wait for a correction above the $8 area and enter with the break, and the target will be around $47, the same length as the previous wave.
Dot
**The Polkadot 1.0 project is scheduled to launch on December 18, 2023, which is Monday next week. This project includes new features such as public parachains, DOT token staking, and decentralized governance.
Polkadot 1.0 is a major milestone for this ecosystem and is expected to have a significant impact on its development. This project paves the way for the creation of new and innovative decentralized applications on Polkadot.
Here are some of the new features of Polkadot 1.0:
Public parachains: Public parachains, or parachains, enable the creation of scalable and high-performance decentralized applications.
DOT token staking: DOT token staking allows users to participate in Polkadot governance and earn rewards.
Decentralized governance: Decentralized governance allows users to participate in decision-making related to the development of Polkadot.
For more information about Polkadot 1.0, you can visit the official Polkadot website.**
