DOTUSDT trade ideas
DOT's next move.CRYPTOCAP:DOT
I see a bullish divergence on the daily chart at an important support level, and people are freaking out about how they spend money :)
Sorry, but I trust what I see on the charts.
The only invalidation point is $4.50.
If you are still here, here are more of my thoughts...
So what if #DOT paid big influencers to promote their project? Every project does that; it's their marketing strategy. It's good that they are investing in marketing because, in the crypto world, the cycle moves really fast, and to keep up, you need to spend on marketing.
Many projects, including some of your favorites right now, have paid influencers. It's like the death toll shown on your screen daily during the COVID-19 pandemic, which made you worry every day. But in reality, the death toll was almost the same before COVID-19; it was just shown to you daily.
You never know how much #ADA paid influencers. Disliking the idea of paying for and buying inorganic distribution is misguided.
#DOT/USDT is holding the Diagonal trendline as a support level#DOT/USDT is holding the Diagonal trendline as a support level in 1-Hour TF!
CRYPTOCAP:DOT may rejected from PWH $6.435 resistance level. Wait for the rejection/retest to shorten it. The local support level is $6.05.
DOT/USDT: Potential Breakout from Falling Wedge?Hey everyone!
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DOT/USDT looks good in the daily time frame. Forming a falling wedge-like structure here and trying to break it out. A successful breakout will take the price to bear ATH. Buy some here and add more in the dip.
Entry zone:- $6.04-$6.48
Targets:- $7.4/$8.8/$10.5
SL:- $5.7
What are your thoughts on DOT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
POLKADOT ... ready for next movehello dear traders and investors
this price action for polkadot with usdt pair … this is very strong supourt zone on the 5.28 $ … after price rejected from 6$
In order for the price to rise further, it needed liquidity, and when it reached the $5.3 area, it took that liquidity and now it is ready to rise...
this is lower time frame The price forming a bullish patern :
In my opinion, the next price station is (13.58 ) the prz area of the harmonic pattern that you can see in the chart...
good luck
DOT :Other Levels To Watch 6.8, 7.2 and 7.6DOT :Other Levels To Watch 6.8, 7.2 and 7.6
From our previous analysis, DOT confirmed the bullish movement and already reached
the first target.
The break out of the last 6.00 resistance area looks to be very strong and may stop the price from going lower even if it tests it again.
Considering from the shape it is already taking we may see DOT rising further following the
other targets 6.8, 7.2 and 7.6
You may find more details in the chart!
Thank you and Good Luck!
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DOT Price DOT token persisted in forming the lower low swings and made a descending triangle pattern.
DOTUSDT - Bullish Strenth shown in RSI -Broken falling wedge DOTUSDT haven't done good progress in this bull cycle so far and retest it major support.
The structure is still sustain, I can see a great upside potential.
Take Profit target are high lighted. (7.7,9.3,10.5) USDT is on the cards.
Bullish divergence has formed on daily time frame and expecting to hit targets in next couple of weeks.
happy trading and keep learning
POLKADOT - UPDATE -$20 INCOMING AFTER THIS POSSIBLE LAST RETRACE
This is an update on $dotusdt. It now seems clear to me that we have completed the primary degree wave 1-yellow and we are in some kind FLAT for wave 2-yellow which we will be ending coming days or weeks at around the 50-70% Fibonacci zone.
The next point of interest or right place to DCA is anywhere withing the box. Remember I warned you about all these huge pullbacks happening and I told you to position yourselves by buying in parts and not diving in all at once.
Also do not forget that we might not see the last leg (wave 5-green) and the whole FLAT might become a combo making it a RUNNING FLAT thereby moving price to the next target at $15 and above. That is why we don't wait for perfect entry instead we DCA in.
OTHER ANALYSIS
POLKADOT
Other than fundamental analysis that could alter this, BINANCE:DOTUSDT have no business going any lower. We have been accumulating Polkadot for a while now and we're well averagely.
PREVIOUS ANALYSIS
OTHER ANALYSIS
BINANCE:CYBERUSDT
BITFINEX:APEUST
BINANCE:BTCUSDT
OKX:BLURUSDT
MEXC:AZEROUSDT
Rounding Bottom Formation Looks like a rounding bottom is being formed. Coincides with the breakout currently.
Price holds above 6 USD . Time to go Long Price holds above 6 USD . Switches to retracement after breakout .
Long to 8.5 USD
Recharted : DOT to fall below 5 USDRecharted my previous view for a more accurate long term view. Price dropped below major support at 5.8 and retraced.
Looks like the fall will continue to the 4 USD region still
DOTUSDTPolkadot (DOT) retraced to the golden pocket after a very good impulse to the upside from the bear market low. This is looking like a very promising chart. It can have a good impulse to the upside for its Wave 3.
Failed Breakout ? DOT Price to 4 USD region Looks like price failed to break above 6.4 USD region.
MACD on 4hr is bearish . Think price can fall to support at 4.4 USD from here
There is a high likelihood of continuing to fall!!!KUCOIN:DOTUSDT is forming a descending channel on weekly timeframe.
Looking for a move upside if we do break out and confirm the pattern.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOTUSDTDOTUSDT is looking very strong.
Buyers seems to be very interested and will put the price at 8.5 level.
DOT/USDT Price Update in Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
#DOTUSDT is currently trading within a well-defined descending triangle pattern with strong support around the $5.5-$6 range.
~ Support Zone: A strong support zone exists between $5.5 and $6, highlighted in green. This area has historically acted as a significant support level, preventing further downward movement.
~ Resistance Levels: The primary resistance levels to watch are $7.6 and the major resistance at $11.58, which aligns with the peak levels from early 2024.
~ Relative Strength Index (RSI): The RSI indicator at the bottom of the chart shows a bullish divergence, with the RSI making higher lows while the price makes lower lows. This divergence often precedes a potential bullish reversal.
If DOT/USDT breaks above the descending triangle, the 100EMA, and the primary resistance levels, the measured move target from the breakout point suggests a potential rally up to approximately $12.
The invalidation point will be a breakdown and close below the $5.5 support level.
DYOR. NFA.
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#PEACE
DOT: Both Moves Are PossibleDOT: Both Moves Are Possible
DOT is moving in a corrective pattern. It looks like it will rise but as
I see DOT is showing the chances for both moves.
A move above or below the pattern will show the next price direction.
Considering BTC latest developments we can see DOT moving down again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
DOTUSDT is BullishPrice was in a strong downtrend, and it has given a breakout from the trendline, following bullish RSI divergence at hourly time frame, suggesting that bulls have assumed control of the price action. Targets are mentioned on the chart.
DOT: Is This The Bottom?Polkdot is my favorite crypto coin right now. I came across this coin after speaking with a MIT professor a few months ago. I really like the use case and the team behind this coin. That being said, I think we've reached the bottom and are going to turn upward going into the remainder of the year. My first PT is 15 and PT2 is 22.
Polkadot (DOT): Neckline Zone Has Been Broken!Polkadot has made a nice breakdown from the neckline zone, giving us a final confirmation of head-and-shoulder pattern formation here.
As we have broken it fully, the price is re-testing that broken zone, where we are looking for a rejection to happen!
Swallow Team
