DOT to $30 in 2024 - at least 400% gains!Edge to edge trade activated on the weekly cloud. Price will look to return to the 50% fib level of the previous drawdown which is a 400% gain from current levels.
Some other positive DOT news is that the community recently voted to implement a deflationary mechanism by burning the revenue from Coretime sales. This should help with long term price appreciation.
DOTUSDT
🚨Polkadot(DOT) can Drop ➖15%🚨✅The Polkadot(DOT) reacted well to the Resistance lines and started Falling again .
🌊Regarding Elliott wave theory , Polkadot(DOT) seems to be completing Corrective Waves .
🌊The structure of Corrective waves is Zigzag(ABC/5-3-5) .
🔔I expect the Polkadot(DOT) to go down to at least the🟢 Support zone($6.30-$5.67) 🟢and Support lines to complete microwave 5 of the main wave C .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Polkadot(DOT) Analyze (DOTUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DOTUSDT - Bearish channel is dragging DOT down 🔽BINANCE:DOTUSDT (4H CHART) Technical Analysis Update
TOKEN is currently trading at $6.99 and It got rejected from the bearish channel resistance 4 times (two times in 1 week ). Overrall rend is showing bearish and we can expect the price to reach its next support around 6.6 and major support around 5.9
NOTE: This is a high risk trade, enter with smaller capital than usual
Long Entry level: $ 6.99 - 7.05
Stop loss: above 7.332
Target 1: $ 6.6
Target 2: $ 6.27
Target 3: $ 5.9
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
DOTUSD Elliott wave countFurther, impulsive-looking price action, will add credence to the bullish scenario, and suggest wave 3 upper is underway above 6.510 with possible target 1.618 fib extension.
Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!
⚖️💹 DOT Trading Strategy 🌐📊📊 Current Market Status:
DOT breaking through a resistance line dating back to around December 25th.
📈 Chart Analysis:
Approaching the $7.00 - $7.30 area of resistance.
🔄 Trading Strategy:
50% Entry: Enter 50% of the allocation if DOT regains the $7.00 level.
Remaining 50% Entry: Allocate the remaining 50% upon breaking through $7.30.
Take-Profit Areas: $8.00 - $8.50 and then $9.60 - $10.00.
Stop-Loss: Set at around $6.70.
📣 Conclusion:
Strategically enter positions based on key levels.
Set take-profit areas and manage risk with a defined stop-loss.
Trade wisely! 📈💡 #DOT #TradingStrategy #CryptoMarket 🌐📊
Polkadot is getting ready to moving upward Hello SSE community
As you can see in the chart, 3Dot in this USDT pair is consolidating the potential supporting area around 6 - 5.8 dollar which is my potential entry zone if the supporting area works well.
My potential targets for Dot in the next 3 months are 20 - 23 dollar
If you are looking for short position in the current market pay attention to the level of liquidity around $7.3 it could be hunted all shorts then continue to the correction.
Big thanks, Let's change the WEB3 world together
DOTUSDT #002 ( BEARISH PHSE is not finished yet) Hello dear traders.
good days.
First of all thanks for your comment and support.
Dotusdt still is in bearish Gann Square .
On weekly Gann Square , Gann Arc resistance is broken and expect to retest broken Gann Fan line.
Chart is updated and plotted with help of Gann Square and Gann Box .
Safe trades and good luck .
THOT DotIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Want to see an impulse up and out of this box, for confirmation.
Box break must re evaluate! lol
DOT is charged to reach the moonHello, Skyrexians!
Bitcoin yestrday formed the bullish reversal bar inside the target area. At the same time altcoins including DOT did the same. 0.61 Fibonacci is super strong support area. Bullish reversal bar is the also the great sign of the potential reversal. We expect new highs for DOT in the next month.
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is DOT in a H&S? I'm not sureThe price chart really looks like an H&S, the RSI and OBV show a decline (bearish DIV) and especially RSI didn't follow the price surge of the head. However the volume pattern should be different. To be an undeniable H&S we should have a volume peak either at the peak of the left shoulder or at the first test of the neckline while head and right shoulder should present a declining volume. This is not the case.
profitandstocks.com
However, if the allegedly right shoulder will breakdown the neckline with a surge of the volume this will act as an H&S even if it's not how the books say it should be. In any case, as it is now, it's a bearish pattern.
In case of dumping the bounce should happen around 4.7 USDT but it could be a bit over or lower it. The reason I'm not sure is that retail trading suggest 4.5 and SMT suggest 4.86. Just don't FOMO now.
Good luck
DOT/USDT 4HInterval ChartHello everyone, I invite you to review the chart of DOT in pair with USDT. First, we will use the yellow line to determine the downward trend line, and additionally, we can define the local downward trend channel using the blue lines.
Moving on, we can move on to marking support places using the trend based fib extension grid. And here we have a visible strong support zone with prices ranging from $6.67 to $6.15, but if we break out of this zone, we still have support at $5.48.
Looking the other way, we see resistance at $7.09, then we can mark an important support zone from $7.94 to $8.37, and then we have very strong resistance at $9.64.
It is also worth paying attention to the RSI indicator and the STOCH indicator, where we observe a rebound from the lower limit, which results in a slight price rebound with room for greater growth.
bearish trend (DOT)📊Analysis by AhmadArz:
🔍Entry: 6.59
🛑Stop Loss: 6.68
🎯Take Profit: 6.45
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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DOT FRACTAL PATTERNSDOT, the crypto maverick, embarked on a fascinating journey from August 2022 to November 2023, tracing a colossal descending wedge—a classic bullish pattern. However, the plot thickens as DOT pivots into a new range, resembling yet another consolidation, promising more excitement ahead.
Key Phases of DOT's Journey:
Descending Wedge (August 2022 - November 2023):
DOT gracefully traced the contours of a large descending wedge, a powerful bullish pattern that unfolded over more than a year.
The breakout from this wedge marked the end of a prolonged bearish phase, setting the stage for a potential bullish spree.
Emergence of a New Range:
Following the breakout, DOT transitioned into a new phase characterized by a range, echoing the patterns of a consolidation fiesta.
This intriguing development adds layers of complexity to DOT's narrative, suggesting ongoing market indecision.
Ongoing Narrative - The Consolidation Fiesta:
Parallels with a Descending Wedge:
The current range that DOT finds itself in mirrors the characteristics of a descending wedge but on a shorter time scale.
The echoes of this pattern suggest a continuation of bullish sentiment and potential for upward moves.
Forming a New Narrative:
As DOT weaves its way through this consolidation, traders and analysts are presented with a new narrative, one that could unfold with fresh opportunities.
Strategies for Traders:
Pattern Recognition for Entry Points:
Traders should employ pattern recognition techniques to identify potential breakout or breakdown points within the current range.
Consider setting entry points based on the recognition of patterns or key levels within the consolidation.
Adapting to Market Dynamics:
Adaptability is key during consolidation phases. Traders should be prepared for both bullish and bearish scenarios.
Utilize technical indicators and market signals to adjust strategies according to the evolving market dynamics.
Conclusion: DOT's Tale of Transformation Continues
DOT's journey, transitioning from a descending wedge to a consolidation phase, showcases the dynamic nature of crypto markets. As DOT unravels the chapters of its narrative, traders are presented with an ever-evolving canvas, offering opportunities for strategic entries and exits.
🚀 The Descending Wedge Chronicle | 🔄 Into the Consolidation Fiesta | 🎭 Adapting to Evolving Narratives
💬 Join the conversation: Share your insights on DOT's transformation and your strategies for navigating the current consolidation phase! 🌐✨
Polkadot could rise to 15At the end of October, BINANCE:DOTUSDT started a new uptrend, aligning with the broader market movement of various coins.
This upward momentum was marked by a decisive breakthrough above the descending trend line of a prolonged falling wedge, surpassing several key horizontal levels. However, the ascent was halted near the August 2022 high, around 10.
This apparent pullback, occurring after the surge, was essentially a correction within the nascent uptrend. DotUSDT found robust support around the 6.5 zone, indicating a stabilization point. Currently, the coin appears poised for another upward movement, targeting the resistance level around 15.
My bullish outlook remains strong as long as support at 6.5 holds firm. Considering the potential, buying dips in this coin could present an incredible risk-to-reward ratio of 1:6.
DOT : Potential ABC CorrectionDOT/USDT Daily Chart, potential ABC correction ( Wave2).
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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Trade in two directions with Fake-breakout .
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DOT/USDT Could DOT breaking out of the Daily Resistance ???💎 DOT's market dynamics have been quite engaging recently. At present, DOT has shown resilience, bouncing back from the demand area and marking its recovery with a strong green candle.
💎 This upward trend is now poised to challenge the daily resistance area. Historically, DOT has faced significant rejections upon reaching this zone. However, a successful breach of this resistance could herald a bullish phase, potentially easing the path towards our designated strong resistance target.
💎 Conversely, should DOT fail to overcome the daily resistance barrier again, it may be inclined to revert downwards, heading back towards the demand zone. This downward trajectory could be more pronounced due to the diminishing momentum.
💎 If DOT cannot maintain its stance above the demand level, the likelihood increases for a descent towards the Bullish OB area, or possibly further down to the strong support area. This scenario would indicate a bearish trend for DOT, necessitating close observation of its support interactions.
DOTUSDT # 001 ( chance for bullish Rally on Alt season ! ) Hello dear traders.
Good days .
Within long time bearish Move , finally DOTUSDT start Bullish move .
On Weekly Gann Square time Frame , 2nd Arc resistance Broken and retested .expected to DOTUSDT grow to the 0.618 or 0.75 Gann Box Fib a level .
Total market is bullish , specially Alt coins have good chance grow enough ..
Chart and rapid map is plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments.
DOT Bearish Forecast ☁️; BTC, ETH Bullish, ☀️ OutlookBullish skies ☀️ grace the global crypto market for the next 24 hours! Upside potential beams for Bitcoin and altcoins as the SEC approves the first spot Bitcoin ETFs. A very bullish forecast for Ether, with a market correction on the horizon. 🚀
ATTMO predicts a sunny week overall, but watch out for bearish clouds ☁️ looming over Polkadot, signaling potential downside risks.
Stay weather-wise in the crypto world and follow us for more crypto weather reports!
DOT - correction incoming? [By Ivan | Skyrex]Hello, everyone!
BINANCE:DOTUSDT demonstrated great pump yesterday. But this pump is not gonna be forever. We can see the early reversal sign right now. 5 Elliott waves structure has been completed and Awesome Oscillator has a bearish divergence. We have a clear correction target is 0.38 Fibonacci, equals $6.3.
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