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DOTUSDT

Polkadot Starts Forming Bottom PatternWe will look at two more Altcoins that are starting to show early bottom/reversal signals, even if it is for just a relief rally. First one is Polkadot (DOTUSDT), the other is The Sandbox (SANDUSDT). Let's start with Polkadot. We can see the rounded bottom in June/July before the upwards correction took place. Now we are seeing a similar pattern with another bullish signal supporting it. We have bullish divergence between DOTUSDT and the RSI. A strong divergence started forming since August. On the short-term side, we see prices trading above EMA10 and moving pass EMA21. This happens while aiming at MA200 or $7.275 as potential target. (A nice 30% potential growth). We know that Polkadot moves together with Bitcoin... Almost all major Altcoins do. So it is a positive signal when we see it go green as Bitcoin is correcting short-term. Additional details on the chart (support & resistance levels). Namaste.
Long
by AlanSantana
2
Important minor support!DOT continued its downward trend during the last week. But by accurately hitting the bottom of its medium-term descending channel, the price increased just like the Cardano chart. But this increase in price has not shown high power from the buyer. Considering that the price is completely in a downward trend until the resistance of the $6 range becomes support, these reversals can be considered a corrective wave. But on the one hand, because a downward trend line within the channel has been broken upwards, and the last downward wave was a pullback to this trend line, if the short-term market conditions are maintained, the possibility of forming a double bottom pattern for There is a medium-term uptrend. But its confirmation requires breaking the $6 resistance. Also, breaking the $6 resistance can make the 4-hour trend upward. At the time of writing this analysis, the biggest time frame in which the upward trend can be seen is the 1-hour time frame. As long as the minor support level of $5.25-$5.20 is not broken, this short-term uptrend can continue toward the $6 target.
by MonoCoinSignal
7
Polkadot (DOT) - November 23Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTBTC 1W chart) The price needs to stay above 0.0003 517 to gain strength. ------------------------------------- (DOTUSDT 1W Chart) Whether it can rise above 11.72 is the key. To do so, we need to see if we can keep the price above 7.16. (1D chart) It is a matter of getting support in the 4.16-5.11 section or higher and being able to rise to the 5.67-6.60 section. In particular, we need to see if we can break out of the downtrend channel. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the 4H DOT to USDT chart as you can see that the price is moving in a sideways trend channel. Let's start by setting goals for the near future that we can take into account: T1 - $5.71 T2 - $5.79 T3 - $5.86 T4 - $5.93 and T5 - $6.04 Now let's move on to the stop loss in case the market goes down further: SL1 - $5.60 SL2 - $5.53 SL3 - $5.48 SL4 - $5.42 and SL5 - $5.34 Looking at the CHOP indicator, we see that the energy is running out on the 4H interval. The MACD indicator indicates that we are in a local downtrend. On the other hand, the RSI indicates that we are quite close to the low and for a period of small accumulation.
by cryptodailyuk
#Polkadot Slumps 90% from Peaks; DOT May drop below $5.3Past Performance of Polkadot After soaring to as highs as $55 in November 2021, DOT is now 89 percent from all-time highs and wallowing against a wave of intense selling pressure. From the daily chart, bears are squarely in charge, and November 16 losses offer no reprieve for buyers. The immediate support lies at $5.3, while any gains above $6.3 may lift Polkadot back to November highs. #Polkadot Technical Analysis DOT prices are inside a bear flag, trending within the two defining bear bars of November 8 and 9. The failure of bulls to flow back, reverse losses of last week, and build on November 10 hints at weakness. Therefore, since prices are below $6.3, trending with low volumes, and inside a bear flag, sellers can double down, targeting $5.3 in the short term. This preview will only shift once DOT surges above $6.3, breaking above the bear flag. Then, the coin might fly to November highs at 7.3. What to Expect from #DOT? Like the rest of the market, Polkadot is under immense selling pressure. After shrinking roughly 90 percent from peaks, there could be more drawdown if immediate support at $5.3 doesn't hold. Resistance level to watch out for: $6.3 Support level to watch out for: $5.3 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#DOT/USDT 1DAY UPDATE Hello, welcome to this DOT/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-DOT/USD was down by as much as 5% in today’s session, falling to a low of $5.72. Today’s drop saw the token move closer to its support level at $5.60, which has mostly been in place for the last week. Looking at the chart, the RSI also dropped to a floor of its own, with the index colliding with its support at 41.00. Should the index move below this point, we will likely see Polkadot move toward $5.30, which would be a two-year low. Traders will likely also be paying attention to the moving averages, as the indicator still looks positioned for further downward momentum. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
1
🔥HUGE falling wedge on DOT❗️The MAIN trading plan here🚀🔥Hi friends! Poldatot is most promises altcoin except ETH. The bridge between the blockhains is very usefull tool in crypto world, especially for the payment services. Now DOT consolidate in the HUGE falling wedge and make LL and LH. It's not good, cause some of altcoin still make HH and HL, showing the strength. It can be related to the amoun of retail traders that entered DOT during the bull market and not sell most of their holdings. 🚩 At every low we can see EXTREMELY HUGE❗️ spike of volumes which shows how many coins retailers had. I think that the third DUMP is still possible. It will be related to the BTC dump to $12-13k. The $3-4 is a good key level for the long-term entry point. ✅ The local picture is the consolidation inside the range and breakout of the trendline with targets that I mention below. 📊 The main preconditions to open a long: 1. consolidation in the range with manipulation by the whales 2. squeeze to the trendline 3. bullish BTC 🚩 Just my recommendation is to use DOM and Footprint to identify the whales sell and buy orders. These tools will help you to increase the winrate by 25-35%. ✅ My 3 targets for DOT: 🔥 $6.05 - the key level 🔥 $7.3 - the key level and local high 🔥 $9.6 - the key level and local high Traders, what do you think about DOT? Do it have a change to reach $30-40 on BTC rebound? Write your thoughts in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
by Yuriy_Bishko
9
🔥🚀3 LONG TARGETS: DOT will start it's rally, if THIS happen! Hi friends! POLKADOT will follow the BTC as 99% other altcoins. But where the best entry point to buy DOT and make a profit? Now the DOT fall below the key level of $6. This level was the support for the long time, so a lot of sl were taken during this local dump. ✅ Of course, this good for the whales to buy more DOT and for us to open a trade with the BIG players. 📊 The main reasons to open a long: 1. liquidity collection by the whales 2. squeeze to the trendline 3. bullish BTC🔥 🚩 The volume falls despite the price LL. Usually, when whales are taking the sl of the retail traders, the volume is growing. Now we see that the volume just fall. It mean that there is no retail traders at the market and the whales accumulate enough DOT and just wait for the price reaching targets. ✅ The main targets for Polkadot: 🔥 $6.2-6.5 - value area 🔥 $6.95-7.4 - value area 🔥 $8 - key level 🔥 $9.2-10 - value area and even number 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
8
DOT USD | Coin for the long term.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Some fundamental information: DOT coin is currently ranked #11 on CoinMarketCap with a market cap of $395067793126 Circulating supply is 1,142,530,551 DOT The Polkadot protocol connects public and private chains, permissionless networks, oracles, and future technologies, allowing these independent blockchains to exchange information and transactions trustlessly through the Polkadot relay chain (explained below). Polkadot’s own token, DOT, performs three main tasks: it provides network management, its operational activities, and is also involved in the creation of parachains (parallel chains) by linking .. In general, a strong fundamental project that can already be bought off! Let's now go through the technical side: If you pay attention to the chart, you can see that the asset is now in a strong accumulation zone. After a strong fall in BTC, the asset fell another -40% and, in my opinion, reached its bottom. I also highlighted the 2020 side trend with a red block, the asset was in the $3.6-6.2 zone for a sufficient time and after, but then you yourself see everything, a real bull has begun, success may be repeated I think that here you can start buying back the coin on the spot, from the level of $5.50-5.70 is my area of ​​interest.
Short
by DanilBlinkov
3
You have to wait until the price stabilizes on the levels!DOT had a sharp downtrend over the past week. The price of this currency registered a sharp decline after failing to stabilize above the resistance range of $6.6-6.8, and the selling pressure broke the support of the $5.7-6 range. This bearish trend could continue if Bitcoin breaks back below the $16,000 range, taking the price down to key support in the $4.5-$5.14 area. Selling pressure and sellers' strength is still high, and this can be seen from the upper angle of the descending wave with the horizontal axis. To see the signs of reduction and removal of selling pressure, we can consider the positive divergence of the RSI indicator, the volume divergence, and a complete pullback to the downward trend line. With a higher probability in the channel range of $4, there is a possibility of a complete price reversal and trend change. Therefore, you should wait until the price stabilizes at the specified levels.
by MonoCoinSignal
3