Get started

DOT / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

DOTUSDT trade ideas

Bearish Trend Breaks Support, Await Signs of ReversalOver the past month, the price of DOT (Polkadot's currency) has faced considerable downward pressure, moving between the support level of $5.15 and the resistance level of $5.60. However, the price recently broke below the lower boundary of Polkadot's currency range channel, indicating a bearish trend. This selling pressure was so strong that it briefly dipped below the price floor of $4.23, which had been established at the end of 2022. Interestingly, the price of Polkadot found significant monthly support within the range of $4.24 to $3.98 and responded positively to this support level. This suggests that there is a potential for a trend reversal and upward movement in price if we observe encouraging signs of a positive reaction and a change in the trend on the daily and four-hour time frames within this support range. These signs could indicate a reduction in selling pressure and a renewed demand for DOT. However, at present, we do not see these favorable indications on the mentioned time frames. It may be necessary to wait for signs of a trend change in the short-term, particularly for lower time frame trades. For example, on the 15-minute time frame, if the resistance level between $4.53 and $4.57 is broken, it could serve as a signal for a short-term trend reversal. It is important to closely monitor how the market responds to this monthly support level, as a strong positive reaction could result in the price of Polkadot fluctuating within the range of $4 to $5 for a certain period of time. Considering the current market conditions, it is crucial to remain cautious and wait for confirmation of a positive trend change before making any significant trading decisions. The RSI (Relative Strength Index) value of 34 on the 4-hour timeframe suggests that the market is in a slightly oversold condition, but further analysis and confirmation are necessary to determine the direction of the price movement.
by MonoCoinSignal
2
DOTUSDT Wants the Weekly support?DOTUSDT is currently undergoing an interesting market phase. The price action is testing a significant key level at $5,200, which is acting as a daily support level. This level has historically shown its importance as a support zone, attracting buyers and potentially triggering bullish momentum. Furthermore, the market is forming a pennant pattern. A pennant is a consolidation pattern that resembles a small symmetrical triangle, characterized by converging trendlines. The pattern indicates a temporary pause in the market's trend, usually following a significant price movement. In this case, the pennant is forming as the market tests the key level at $5,200. According to Plancton's rules, a potential trading scenario could involve waiting for a breakout from the support level. If the price successfully breaks below the support and retests it as new resistance, it could signal a bearish continuation. In such a scenario, the market could potentially retest the weekly support level around the $4.6 area. Based on Plancton's principles, a new short position could be considered if the price exhibits the aforementioned breakout and subsequent retest of the support-turned-resistance level. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
PolkaDOT comes crashing downBINANCE:DOTUSDT Polkadot experienced a sharp drop below the crucial support level of $5.15 on June 5 but recovered strongly on June 6, surpassing the breakdown level. However, the bulls were unable to sustain the recovery on June 7, as the bears sold during the minor rally. Sellers will seek to strengthen their position further by pulling the price below $4.90, which could result in a nosedive for the DOT/USDT pair towards $4.22. On the upside, the first significant resistance to monitor is the 20-day EMA ($5.29). A rally above this level would indicate a potential reduction in selling pressure, potentially providing momentum above $5.56.
Short
by TradeViewDemiGod
2
DOTUSDTThe dot is approaching the important support of $5, and near this point we see candles that stick together for a long time, which many of you know as the Smart Money concept. The purpose of this concept is to engage sellers and buyers before the main movement begins. In this case, we can see that first a fake upward move is planned, then many buyers liquidate. The next move will most likely be creating a fake downward move and liquidate the sellers. But the main move after that and It will be up. When both buyers and sellers are out of the game and enough liquid is provided for the main movement. I think $5 can be a good price to open a long position with risk management. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Long
by Madoir
1
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, using the yellow line marked with the uptrend line from which the price broke down, and then we move in the channel marked with blue lines from which the price also goes down. When we turn on the EMA cross 200, we can see that we are below this line as to the actual downtrend, while with the Ema cross 10 and 30, the downtrend is also visible. Going further, we can move on to marking the place of support in a situation when we increase the correction. Here you go very strong support is at $4.98, if the support doesn't hold the price we can see a drop in the area and very strong support at $4.26. Watching the other side of the picture that the price has rebounded off the $5.53 resistance which is still the first first resistance for the price, then we have the second resistance at $5.91, then the third resistance at $6.22, then the price of the change in the direction of return at the level of $6.53. Please enter the CHOP index, which shows that there is still energy for the next move, MACD shows that you are on the verge of returning to the downtrend, while on the RSI we have a rebound and we are approaching the border of the border which may also indicate that a correction is coming till the end.
by cryptodailyuk
DOT/USDT Looking W-E-A-KHey traders 👋 Let's kick off this day with DOT coin where we see how price had a nice rejection from 200ema and heading back for a breakdown at the $5.20 support zone. We see that price sees no support there which is bad for buyers as there is no enough support from them. We are going to look for a breakdown here with a nice potential for a 16% movement here! 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.
Short
by SwallowPremium
2
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to a review of the DOT chart in pair to USDT, on a four-hour interval. First, we will use blue lines to mark the local channel of the sideways trend, from which the price is trying to go up. At this point, however, it is worth paying attention to the EMA Cross 200, from which the price clearly rebounded. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $5.46, the second support is at $5.40, the third support is at $5.35, and then we have a strong support zone from $5.30 to $5.23. Looking the other way, we see that the price has reached an important resistance at $ 5.50 and to the place of the previously mentioned EMA Cross 200, which so far has no strength to break. However, if it manages to break above, the second resistance will be at $5.60, then the third resistance at $5.73 and the fourth resistance at $5.90. Please look at the CHOP index, which indicates that the energy has been used, the MACD indicates that we are moving in a local uptrend, while on the RSI, after breaking the upper limit of the range, we got a quick price rebound, but further the room for increases is limited.
by cryptodailyuk