Get started

DOTUSDT

A DOTUSDT chart per request.It was requested in the comment section of a previous chart I posted what I thought about the DOTUSDT chart so here I am taking a look at it on the weekly chart. We can see here how as soon as polkadot reache its full double bottom breakout target that it began a big correction…in doing so here it completed a head to a potential head and shoulders pattern and since it bounced from that low it is now forming the right shoulder to that head and shoulders pattern. f it were to validate the breakdown below the purple neckline of this head and shoulders pattern the full breakdown target would actually be even lower than the price range of our double bottom patterns lows. Because of this, I think this greatly reduces the probability that the pattern would hit its full breakdown target. Also since we are currently in the macro bull market cycle phase bearish patterns don't hit their full 100% targets as often. There is still a slight possibility it could hit the full breakdown target but imo that would likely have to coincide with a pretty severe black swan event to blame it on as a scapegoat. I think as long as we avoid some sort of crazy black swan in the coming months, that there is a higher probability the head and shoulders pattern doesn’t validate its breakdown. What to watch in order to know which way this will pan out is whether or not the top trendline of the yellow channel (aka the neckline of the double bottom) can maintain support on the weekly channel. Considering how the weekly50ma(in orange) is now coming up to overlap that trendline as double reinforced support, it’s wise to watch for price action to hod support on the weekly 50ma as well. Hopefully thisMA will help lift price action up and bounce it upward. As long as the weekly 50ma maintains that support the h&s pattern will not be validated. *not financial advice*
by DrDovetail
OP(Optimism) price action analysisSimilar scenario that the market has experienced Example 1 💰DOT (spring-summer 2021) Accumulation ➡️ Distribution ➡️ 67% dump ➡️ 360% pump 💰OP (spring-summer 2024) Accumulation ➡️Distribution ➡️64% dump ➡️ projecting DOT scenario to OP Here we saw 3 waves of decline and the last one was the most painful and fearful for the crowd. After that we had great pump This scenario can be applied to many altcoins, not just OP.
Long
by razumcapital
🚧DOTUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi. BINANCE:DOTUSDT ➡️ the odds of another bullish Movement is Pretty high because the pattern which DOT is in, Is a Bullish wedge Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens.... ✅ Due to the Ascending structure of the chart... 🟢 The odds of another Bullish Movement is High! 🟢 Bullish wedge is Visible on The chart! 🟢REEGULAR BULLISH Divergence 🟢 No break out yet! 🟢 FALLING WEDGE ✨Targets are: 🎯$7.830 🎯$8.150 🎯$8.530 🎯$8.950 🎯$9.300 🎯$9.700 ✅previous Analysis ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
🟣⚙️ DOT Trade Analysis ⚙️🟣📉 Market Outlook: Polkadot (DOT) has reached a significant support level after consolidating for approximately five days. This presents a potential low-risk opportunity to initiate a long position. 🎯 Trade Plan: Entry Range: Consider entering the trade between $6.00 and $6.50, aligning with the current major support. Profit Targets: Aim for profits at $8.00 - $8.50 or $9.50 - $10.00 resistance levels. Stop Loss: Implement a stop-loss just below $5.70 to manage downside risk. 📈 Trading Strategy: Entry: Initiate a long position within the specified range. Targets: Take profits at identified resistance levels. Risk Management: Utilize the specified stop-loss to mitigate potential losses. 🚨 Note: Stay attentive to market movements and adjust your strategy accordingly! #DOT #TradingAnalysis #CryptoTrade 🌐📊
Long
by Richtv_official
DOTUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: Market and lower Targets: 10 - 15 - 20 - 24 after first target reached move ur stop to breakeven Stop: under 4 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 8 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
5
DOT in the first strong support zoneDOT includes a strong correction in the USDT pair, the current level reaches 43% and indicates a return to the first entry zone into a potential LONG, further a second zone has been defined for price averaging. However, looking at the behavior of BTC, which may potentially make another attempt to reduce the price, one should exercise caution and common sense when opening new positions, because a return of the BTC price by another dozen or so percent may result in very strong declines in the price of altcoins.
Long
by cryptodailyuk
DOT ANOTHER GIANT AWOKE Formed Wyckoff accumulation. With a breakout, there is not much resistance to the 18.3 price. At that price, the largest volume took place on the dates: January 26 to April 30. I didn't like Dot because they didn't show much power last year, but they are a big giant that starts web3. Those who entered it earlier at this price may reap some profit. I expect medium caps to start, that's why I'm also long with ADA and Neo. Write in the comments which alts you would like to see on my profile and if they seem interesting to me I will post them
Long
by learnfromfailure
DOTUSDT.1DIn this daily DOT/USDT chart, we’re looking at a longer-term perspective of the price movement. The use of trend lines suggests a potential channel or wedge pattern forming, which is a common occurrence in markets and typically indicates areas of support and resistance that traders pay close attention to. The RSI is at 42.52, edging toward the lower end of the neutral zone but not signaling oversold conditions yet. This could imply a slight bearish bias or a cooling off period after a previous uptrend. The MACD is below the signal line and negative, which often points to bearish momentum. However, the histogram bars are quite small, indicating that while the bears might have control, the selling pressure is not particularly strong at the moment. The price is currently near the support level (S1), bouncing off from it. The placement of S1 in conjunction with the upward sloping trend line suggests this could be a critical level to hold for the price to maintain its overall bullish structure. Looking above, the resistance level (R2) is quite far from the current price, implying there could be significant upside potential if the price were to break through any intermediary resistance levels not marked on this chart. If I were trading this setup, I would watch for potential buy signals around S1, such as bullish candlestick patterns or a bounce with increased volume. Conversely, a break below S1 with significant volume might indicate a trend change, necessitating a reassessment of the bullish outlook. It’s always crucial to consider other factors that could influence the price of DOT, including broader cryptocurrency market trends, news related to the Polkadot ecosystem, and overall risk sentiment in the financial markets. With that in mind, maintaining a disciplined approach with proper risk management, such as setting stop-loss orders, is advisable.
by MarsSignals