DOT ANALYSIS#DOT UPDATE.
#since dot got break below to the descending triangle and the move was about 20% .it is most likely that we might see dot testing the green line support before making any further move.
DOTUSD
#DOTUSDDOTUSD
The coin has almost reached lower in combination with a healthy demand zone
On the chart, it appears before us that a change in the trend is approaching, and this is evident in the convergence of the recently formed bottoms, and small candles forming on the downside.
Therefore, I recommend buying now from the current level 4.516, and if the price succeeds in finally breaking this formed pattern, it will confirm the strong ascent towards levels
9.76
Then 23.13
$DOT : POLKADOT Road Map$DOT
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
11.30.22
0913H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Forecast Entries for a BULL SWING.
Smart money wants a REBOOT of 2018 and all is possible for the forecasted entries based on numbers and the character of the market Let us see how price action reacts on a DAILY chart .
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
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"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
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DOT – bear market bottom soon!Hello, everyone!
Today we are going to consider the altcoin which has already broken all possible support levels – it’s Polkadot.
Let’s take a look at the 1D time frame of the DOTUSDT chart of the WhiteBit exchange. First of all we have to notice that the price is forming the final wave 5 which is represented as the ending diagonal. I made this conclusion because we have the support and resistance trendlines which form the “falling wedge”.
The internal structure of the wave 5 is going to be the entire Elliott wave cycle the sub waves 1 and 2 have been already finished. Now we are in wave 3. It has the natural target 1.61 Fibonacci extension, approximately at $3.5. I am going to buy this asset there with the full position volume, considering it as the bear market bottom.
Best regards, Ivan
The price is still sitting on an important support level!DOT has been trending down over the past week. The price is still sitting on an important support level in the range of $5.20-$5.25, and there is no sign of positive reaction and price growth from this level. Last week, an uptrend line was broken to the bottom, signaled by the RSI indicator's negative divergence. Only the specified support level is considered the last valid short-term support for the short term.
If the selling pressure increases on Polkadot, by breaking this support, the price can continue down to the $4.50-$3.60 range, and the bottom of the descending channel can be fake broken. As soon as the price hits the indicated monthly support, we can expect a strong positive reaction. Considering that the price of the Polkadot currency has reached good support levels, there is a possibility that some market whales will take action to activate the loss limit of buying transactions and fake breaks. For a less risky situation, you should wait until the break of the new downward trend line and the confirmation of the downward angle pattern.
DOT ANALYSIS#DOT UPDATE.
#DOT is currently holding the double bottom support at the red line area and close below to the red line area could result in pullback support by the bearish divergence on RSI.
Whether it can rise above 5.67 is the keyHello?
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(DOTBTC 1W chart)
It must rise above 0.0003 911 to gain the power of rising.
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(DOTUSDT 1M Chart)
Whether it can rise above 7.16-9.26 is the key.
(1W chart)
The key is whether it can be supported and rise at 5.11 and rise above 7.16.
(1D chart)
The key is whether it rises above 5.67 between December 4-6 and receives support.
Since the volume profile section is formed in the 6.28-6.60 section, it is important to rise above this section.
If not, you need to make sure it is supported in section 4.16-5.11.
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** 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.)
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DOT had good price growth over the past week!DOT had good price growth over the past week. Considering that the price had hit the bottom of the descending channel in the range of $5 in the high time frames, we saw the formation of a double bottom pattern and the return of the price above the range of $5.4. This pattern, which is clearly recognizable in the 4-hour time frame, has confirmed the break of this resistance pattern as the pattern's neckline was formed at the $5.4 range.
In the same period of time, we can expect further growth up to the short-term target range of $6 by considering an upward trend line on the last pivots and until this dynamic support is fully maintained. The trend is still bearish until the $6 resistance is broken. There is a possibility of a larger twin bottom pattern forming on the intraday, where the $5.10-$5.30 support level could be a good support area to retest demand.
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.
Polkadot (DOT) - November 23Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(DOTBTC 1W chart)
The price needs to stay above 0.0003 517 to gain strength.
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(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.
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** 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.)
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#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.
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Thank you