DOTUSDT
DOT/USDT 1HThe RSI of 52.92 suggests that the market is almost in equilibrium, it is neither overbought nor oversold, the MFI also shows indecision.
VWAP: Price is near LOWER, indicating possible room for growth, but also highlights a recent decline in price.
The price is above the 50-period Simple Moving Average, which is usually a positive sign and indicates a short-term uptrend.
DOT/USDT 1H
Key support levels: 4,463 / 4,437
Key Resistance Levels: 4,505 / 4,517
RSI: EXHAUSTION OF SALES FORCES
MACD : buyer
DOTUSDTThis is a 1D frame analysis for DOTUSDT Analysis of the crypto market: The price has been able to support itself after two collisions a while ago and has been able to yield good profits. The price is now fluctuating around that support zone again. At this moment, we cannot form a reversal pattern but we expect the price to be supported again and demand to be generated for this important range. Suggestion: Those who own this coin should wait and see if it can rise above the support line again, so they can make a purchase and benefit from the price increase. However, if the price completely breaches the support line and settles below it, we may witness further decline, so wait and watch the price after the collision with the support line and have your opinion ready.
Polkadot - key levels - investmentI think $4.585 is a perfect long-term buy zone. Dot has a monthly rangetrend that supports the upward move and some levels.
1st target - would be in the area of monthly resistance at the price of $7.42 - almost 60% profit.
2nd target - would be in the area of weekly resistance at the price of $8.54 - almost 85% profit.
If the Polkadot price never reaches this weekly support, you can buy at $5.55 for 30-40% of your budget, and if the price drops to $4.585 , you can buy the rest.
POLKADOT long idea Amidst the crypto realm, Polkadot reigns,
A chance to profit, with its upward gains.
With DOTUSDT.P, a long position may be,
Based on channels, Fibs, and Stochastic RSI, to see.
As parallel channels guide the way,
And Fibonacci levels set the pace,
Stochastic RSI shows its face,
A buy signal flashing, with a steady grace.
The trendline dips, to Fib 0.786,
But from there it may rise, like a phoenix from the abyss.
With Stochastic RSI at its bottom,
The potential for a breakout, cannot be forgotten.
So here's to the long idea, for DOTUSDT.P,
A chance to thrive, a chance to be free.
With channels, Fibs, and Stochastic RSI to see,
A winning combination, for profits to decree.
Potential Targets
TP1 5.95-6.03 area
TP2 6.98- 7.02
TP3 8.05 and above
SL 4.28
Good night - Altcoins | Bitcoin Dominance Carnage Continues (LN)
VC's continue to try sell Bitcoin to "prop" up their token to keep interest going.
Its not working and at the same time they're losing the only assets that matters, Bitcoin.
"BNB" losing power every time Binance tries to do this and they're running low on Bitcoin supply and USDT.
Ethereum also mimicking the BNB sell cycle.
Once exchanges start to adopt Lightning (USDT) (USDC) over Bitcoin its game over.
I can't help but see the repeat of 2002 where share holders off load useless non functioning business model companies and retail purchasing them at all time lows believing they will make a recovery.
There was 457 Initial Public Offerings (IPO's) riding on the wave of Apple, Microsoft, IBM, Intel none of the 457 made it out and went to zero.
We're in the final period where the market caps consolidate to the winner, Bitcoin.
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"Today #Tether announces the ending of the support of 3 blockchains CRYPTOCAP:USDT : OmniLayer, BCH-SLP and Kusama.
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In fact, we are actively contributing to developing RGB, alongside to
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RGB has been postulated and boostrapped by
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and
@giacomozucco
.
You can find more info here: rgb.info
RGB functions both on-chain (Bitcoin L1) and on the Lightning Network ⚡️, promising unparalleled scalability. We firmly believe that RGB will usher in a new era for digital assets, smart contracts, and digital rights, garnering comprehensive support from major players in our industry. Once CRYPTOCAP:USDT on RGB goes live, the world will witness CRYPTOCAP:USDT on another super-powerful and scalable #Bitcoin layer.
If you didn't take a look at RGB yet, I strongly recommend you to do it.
It's community driven, fully open source, developed and maintaned by super talented minds.
RGB does not require any other token.
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Paolo Ardoino TO @tether_to + CTO @bitfinex
twitter.com
dotusdt ---> a great downward movementhello guys...
as you can see on the chart dot is going to touch the descending trendline as well.
if at the same time, it touches one of the gray areas you can get a short position until the blue rectangle.
it is great to inform you this coin had made a double top on the weekly time frame:
the target in the long term is $3.5!
______________________________
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DOT is on the Verge of its Next Bull Rally | Polkadot Analysis💎Dot is currently positioned near a pivotal support area, having engaged with it on two occasions, signaling potential future movements.
💎At the moment, Dot finds itself within a zone of high demand. If it remains above this region, we might be on the cusp of a bullish ascent.
💎However, should it waver, a bullish trend may only emerge after revisiting the lower order block.
💎On closer inspection, we observed a phase where demand morphed into supply, resulting in a discernible price decline.
💎Looking forward, a distinct supply zone paired with a bearish order block is evident. There's a strong likelihood that Dot will undertake a bullish route to rectify this disparity.
💎In the ever-evolving crypto landscape, staying updated and versatile is paramount. Keep an eye out for further insights and savor your trading adventure.
DOT Outlook: Clouds ☁️ Hover Over Next 24 Hours, Downside RiskDOT could be in for a rocky ride over the next 24 hours, as ATTMO's AI-powered crypto forecasting tool projects cloudy skies ☁️ and a potential bearish trend.
Stay informed with ATTMO's real-time market predictions to navigate the ever-changing crypto landscape.
DOT/USDT Technical Analysis: Ideal Zone for Potential GAINDOT/USDT Technical Analysis: Potential Accumulation Zone for Long-Term Gains
Current Price: $5
Chart Analysis:
DOT is currently trading well below its all-time high, presenting a potential opportunity for investors. A notable observation is the historical pattern of a 10x pump after a breakout from the last accumulation zone in 2020.
Present Situation:
The price has once again approached a similar accumulation zone, indicating the possibility of further downward movement. However, this could serve as an advantageous entry point for the next bullish phase.
Long-Term Strategy:
Consider accumulating DOT between the price range of $5 to $3. This range could provide a strong foundation for significant gains in the upcoming bull run.
Projected Targets:
While aiming for a new all-time high might be ambitious due to potential bag holders from the previous cycle, several target price levels could be lucrative: $10, $16, $23, and $31.
Cautious Approach:
It's essential to exercise caution and conduct thorough research before making any investment decisions. This analysis is a personal perspective and not financial advice.
Thank you for reading.
DOT/USDT Bullish Scenario💎 DOT has recently broke its support level and is currently in the phase of retesting, where the former support might act as a new resistance. There's a potential for the price to descend toward the demand zone ranging between $4.4 - $4.65.
💎Within this demand zone, there's a likelihood of the price experiencing a bounce, propelling it into an upward trajectory targeting the supply zone between $6.5 - $7.
💎However, if DOT swiftly reclaims its previous support-turned-resistance area, there's a chance it might not touch the demand zone and instead, ascend directly to challenge the resistance trendline and the supply region.
Paradisers, keep your eyes peeled for these pivotal movements! Stay informed and trade wisely. 🌴
Polkadot upward momentum !🚀 🔥 DOT today analysis
💎 It's currently hovering around a key support zone, having touched it twice, indicating potential moves on the horizon.
💎 Presently, Dot is nestled within a demand zone. If it sustains above this zone, we could witness a seamless bullish trajectory. However, if it falters, a bullish move might only materialize after a retest of the lower order block.
💎 Digging deeper, we've noticed a shift where demand transitioned into supply, leading to a notable downward shift in price. Ahead, there's a clear supply zone accompanied by bearishOB. It's highly probable that it will embark on a bullish journey to address this imbalance.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
DOT. Still...?My attitude towards Polkadot is neutral. I just don’t understand where to use it and whether it makes sense. There was a lot of noise, capitalization caught up with a multi-billion $, but is it justified...? So far, it's hard to say, at first glance, no. The only thing that comes to mind is a tweet from Polkadot's official twitter that they are not a security. It seems that Gavin Wood himself wrote it in ecstasy.
DOTUSDT broke the trendHello everyone Recently discussed DOTUSDT. According to the previous idea, we reached the 1st goal by 5.4. But then the price broke the trend, so there is no need to talk about achieving the 2nd goal. At the moment, the price is trampling at the lower level, it is also the resistance level of 5.15 and has been for quite a long time. Therefore, most likely we will go down to the level of 4.7
DOTUSDT 1HDOT/USDT
Watching these levels can be useful to identify potential entry points: it is currently showing supports at 5,162 and 5,119. This indicates that these are the price levels at which buying pressure has historically entered and reversed a downward trend.
Considered short-term targets or points to consider taking profits:
On the resistance side, we see hurdles at 5,238 and 5,258.
The MACD , a trend-following indicator that shows momentum, is pointing down. This can indicate a downtrend or a loss of momentum in the uptrend.
The RSI , an indicator of momentum, shows exhaustion of selling forces. This could suggest that price action may start to reverse into an uptrend if there are no more bears to push the price lower.
The Chop indicator is at 43.17 which is below 50 which is generally considered a trending market. So, although there is some degree of consolidation, the price is still moving significantly.
Given the "needle" move (a quick downward price move followed by an equally quick rebound) it is possible that price action is bouncing back, these moves are quite common on Sundays in the cryptocurrency market.
DOTUSDT Sideways Trading Strategy! 🚀 DOTUSDT Sideways Trading Strategy! 📉
#DOTUSDT #Cryptocurrency #TradingStrategy #TechnicalAnalysis #SidewaysMarket
Greetings, fellow traders! 🌟 Today, I have an exciting trading opportunity in the DOTUSDT cryptocurrency pair. The 1-hour chart reveals a sideways market, lacking a clear bearish or bullish trend. To capitalize on this situation, I have devised two trade plans utilizing buy stop and sell stop orders, strategically aligned with key support and resistance levels.
📉 Trade Plan 1 - Sell Stop 📉
🎯 Entry: At S2, 5.100
🛡️ Stop Loss: Above S1, 5.160
🎯 Take Profit: 1:1 at 5.040
In this plan, we aim to profit from potential downside movement within the current sideways range. The entry at S2 suggests a bearish continuation, while the stop loss placed above S1 provides a safeguard in case of any price reversals. The take profit target of 5.040 offers a balanced reward-to-risk ratio.
📈 Trade Plan 2 - Buy Stop 📈
🎯 Entry: At R2, 5.336
🛡️ Stop Loss: Below R1, 5.273
🎯 Take Profit: 1:1 at 5.399
With this plan, we seek to benefit from potential upward momentum. The entry above R2 indicates a bullish breakout, and the stop loss positioned below R1 helps manage risk effectively. The take profit target at 5.399 ensures a 1:1 risk-to-reward ratio, aiming for a feasible profit within the range.
As a responsible analyst, I must emphasize the importance of risk management in your trading endeavors. Trading sideways markets can be challenging, so it's crucial to use appropriate position sizing and not invest more than you can afford to lose.
Best of luck! 🍀 Happy trading! 🚀💹
DOTUSDTThe presence of supports at 5.26 and 5.24 indicates that traders have shown interest in buying DOT at these price levels, which may help limit further declines.
The resistances at 5.31 and 5.37 show that DOT may find it difficult to overcome these price levels, and traders may consider taking profits around these values.
A cross of the MACD lines to the downside suggests that the uptrend may be temporarily losing steam or undergoing a correction.
The formation of the perfect bullish trough indicates that the DOT bullish trend is still valid and may offer a buying opportunity, especially when the price is close to the lower edge of the trough.
Supports: 5.26 and 5.24
Resistances: 5.31 and 5.37
MACD Indicator: Lines Crossing Down
Price Pattern: Formation of a "perfect bullish trough" with the DOT near the bottom edge.