It seems that Polkadot, the DOT, has made a harmonic pattern. And the downtrend line has broke due to the uptrend wave started by the BTC. However, be careful since there probably be a retest or pullback down to shake some of the buyers.
Current Situation: A detailed examination of Polkadot’s (DOT) daily chart reveals a bearish sentiment. The price faced rejection after a period of sideways movement around the critical $7.5 resistance level and the significant 200-day moving average. Bearish Indicators: Resistance Rejection: The price was rejected at the $7.5 resistance level, reinforced by the...
ok, I need to describe the damn thing, I came in, I just believe in the high season now (I will duplicate the description in coins that I will take)
DOT is trading almost 87% lower than its previous ATH and is now about to hit its bottom support again, IMO. The $4.75 level is my buy zone for DOT, with a target of $14 for the midterm and an optimistic target of $128 for the long term in case of a super bullish market.
We have a bullish CH on the chart and we have higher highs and higher lows. By maintaining the demand area, it is expected to move towards supply The targets are clear on the chart Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and...
Polkadot made a higher high in March, since then Dot went down by 41% and still consolidating. 41% may sound awful but it is a great opportunity to invest or do futures trading. 5.5-6 would be a very comfortable area to consider investing or trade. As you can see Fibonacci 0.5 and 0.618 are perfectly lined with crucial zones. I will be taking profits at those...
- Okay now that we got the Bottom ( 4.3$ ish). - We can try to calculate the highest points for the next bull run. - i am not in patterns too much but we can see that DOT formed a kind of Cypher Bullish Pattern. - A resistance was created around 9.80-10$. - So Polkadot will have to go retest this zone and breakout to climb...
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DOTUSDT 1M chart) The key is whether it can rise above 9.262 and receive support. (1W chart) It is expected to rise above 10.373 to escape the bottom section. To do so, the key is whether the...
Polkadot: Coiling for a Breakout? Polkadot, the interoperable blockchain platform, has been exhibiting a relatively slow and steady price movement in recent weeks. This methodical approach, however, could be laying the groundwork for a significant breakout. Price Action and Support Levels After forming a well-defined box pattern, Polkadot has established an...
We are looking for a higher time frame play on DOT. We believe the recent setback provides a good opportunity to place our first entry. If the price drops further, potentially due to news or other factors, we plan to place a DCA (Dollar-Cost Averaging) bid below the current daily demand zone. The daily demand zone should hold; otherwise, the bullish count would...
#Polkadot it failing to flip the local resistance into support. We have a monthly POC and the 0.618 fib level below to hold as support. If we can get a bounce there, I would expect PA to push higher to try and flip the blue box into support next! Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide...
An additional backing analysis to my previous analysis of DOT/USDT
DOT seems to be finalizing it's wave (2) of the alleged main motive wave that was started back in Oct2023. I expect one last dip before the impulsive wave (3) starts. Getting in the green area would be a good buying opportunity in my opinion. The best stoploss would be under Oct2023 bottom but breaking the red line seems like a good close stop-loss. passing the...
From where I inserted "Start" on the chart, it seems that the price entered a correction. This correction is a triangle or a more complex pattern (diametric or symmetrical). From the green area, it can move towards the targets. Closing a daily candle below the invalidation level will invalidate the analysis For risk management, please don't forget stop loss...
Gaining long exposure if price provides a pullback for an entry.
#polkadot #dot price chart is exhausted after the relief rally, needs some correction in MID TERM, not short term. Not financial advice.
DOT ~ 1W #DOT We hope that this Support Block will be retested again. And we wouldn't hesitate to place a sizable purchase here. with a long-term target of at least 25%+
DOT experienced a decline last week. However, we consider this to be primarily part of the internal substructure of the orange wave (iii), which should extend well above the resistance at $8.50. In the short term, further setbacks to our orange Target Zone (between $4.85 and $6.58) are theoretically possible, which is why we are keeping this range active.