Best Buy in DOT📊 DOT/USDT Analysis
🔹 The price remains in a short-term downtrend, currently testing the dynamic resistance of the descending trendline.
🔹 The EMA50 ($7.26) is acting as strong resistance, and breaking above it could trigger a bullish wave.
🔹 Key support lies in the $6.11 - $6.90 range, and losing this zone might lead to further downside risk.
🔹 If resistance levels are broken, the next target could be the $10.42 range. 🚀
📈 RSI Indicator suggests reduced selling pressure and a potential trend reversal.
💡 What do you think of this analysis? Is DOT ready for a breakout? 🤔
Polkadotusd
PolkaDot DOT Has Just Flashed Insane Long Signal!Hello, Skyrexians!
Recently we made BINANCE:DOTUSDT analysis for you, where told you that huge pump ahead. There was a price at $5. After that price reached $11 and showed the significant correction. Now most of people are talking that DOT is scam and will reach $2, but we have other opinion.
Let's take a look at the daily time frame. As we mentioned before the growth from the bottom to $11 was just the wave 1 of the bull run. May be you don't believe me, but the shape of this wave looks like 5 Elliott waves impulse. Correction has a clear zigzag shape and has been finished inside the 0.61 Fibonacci retracement zone. It was ABC in wave 2. We have seen recently the green dot printed by Bullish/Bearish Reversal Bar Indicator . This is strong long signal. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
The next expected move is the wave 3 inside global wave 3. It shall be rapid without corrections. We expect the nearest target between $19 and $22 in the upcoming 2 months.
Best regards,
Skyrexio Team
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DOTUSDT - Buying is safe there!Weekly chart displays successful breakout✅ , Retest ✅ of the multi years down trend
Red Area is a very potential support ... buying there is safe
DOT is a strong and highly promising investment project, with many networks built on it.
Accumulate as much as you can within the red zone.
The coin’s targets are very ambitious—$30 is just the beginning, with this target expected to be reached in Q1 2025.
Best regards Ceciliones 🎯
Polkadot: New Yearly High Soon?Polkadot is currently showing a slight downward trend. However, since hitting the pink wave II low at $7.42, the cryptocurrency has made a significant recovery. According to our primary scenario, the ongoing impulsive wave III should push the price well above the $10.52 resistance before the next interim correction in the pink five-wave pattern begins. However, Polkadot is unlikely to surge straight to a new all-time high without experiencing occasional pullbacks along the way. Indeed, there is even a chance for a new low of wave alt. II below $7.42.
Polkadot RebornAs always, I’ve kept the chart simple and straightforward, so there’s no need for lengthy explanations:
- Bubbles: Red represents resistance, and green indicates support.
- Trends: Clearly marked with blue lines.
- Historical Resistance: Illustrated with violin lines.
Key Notes:
- As I’ve explained before, resistances often flip into supports over time, so in this graphic, i turned red older bubbles to green bubbles. simple as that..
- Like many altcoins, Polkadot (DOT) has broken out and is now showing bullish momentum.
Important Considerations:
- Keep in mind that most altcoins are heavily influenced by BTC, BTC Dominance (BTC.D), and USDT Dominance (USDT.D). To trade effectively, you need to monitor these factors simultaneously.
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DOT Support and Resistance Levels:
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Support 1: $9.50 (current level)
Support 2: $7.50
Support 3: $5.80
Resistance 1: $23.20
Resistance 2: Approximately $50 (previous 2021 ATH).
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Potential Targets for the Next Bull Run:
- The potential incoming alt run targets are aligned with the trend and marked by grey dotted lines, calculated using Fibonacci.
Remember, this is just the beginning, not the end, don’t be fooled.
Happy Tr4Ding !
Polkadot (DOT) Price Prediction: $10 to $52 – Key Targets AheadPolkadot (DOT) is currently trading at $10, Enter above $13.6 in weekly chart with bullish momentum aiming for key targets: $22, $33, and a final target of $52. Analyze the market trends and strategic levels driving DOT’s potential surge. Is this the next big breakout?
Polkadot- I understand it may feel like a challenging time, but remember, fortune favors the bold.
- Using extreme leverage, whether 30X or 100X, won't lead to wealth.
- it often leads to losses.
- Instead, consider buying on the spot market; it's a more stable strategy. When the market dips, that's the perfect time to dollar-cost average (DCA) more.
- Hold your positions, stake wisely, and most importantly :
- exercise patience.
- it's the ultimate key to success.
- Keep an eye on the charts, watch for triple bottoms, track trends, and be mindful of bubbles and Fibonacci levels.
Happy Tr4Ding!
You Will Not Believe In This Polkadot DOT Target!Hello, Skyrexians!
BINANCE:DOTUSDT is one is the most hated coin now because it was introduced as a fundamentally strong crypto on the previous bull run, but on the current bull run it's performance is one of the worst in comparison with other tokens. Today we are going to show you why PolkaDot can be the sleeping giant and despite the great market cap can reach insane targets!
Let's take a look at the 1W time frame. If we consider previous bull run as a wave 1, price still has not broken its bottom. It means that DOT is still in the global uptrend. Bear market for this crypto has clear ABC structure which has printed the global wave 2. It has been ended in August 2024 with the green dot on the Bullish/Bearish Reversal Bars Indicator , which is strong long signal with the bullish reversal bar.
We expect that wave 3 has been already started and its targets can be measured by the Fibonacci Extension 1.61 and 2.61 levels. The first one is $89, the second $142.
Best regards,
Skyrexio Team
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Polkadot Critical Momentum - Since 2015, Bitcoin showed me a glimpse of what decentralization could achieve – true empowerment of people through a trustless, resilient network.
- By 2020, Polkadot amplified that vision for me, giving projects the freedom to build their own blockchains and putting governance back in the hands of the people. It may seem utopian, but Bitcoin has already proven it's possible with POW (proof of work).
- In this 2024 pre-bull market, I’ve heavily watched BNB, Solana, and Toncoin bring in impressive profits.
- I’ve followed these projects since their inception. BNB, tied closely to Binance, shares its fate—if Binance falters, so will BNB. Solana’s development team holds substantial control, often restarting the blockchain when it encounters issues, which raises questions about its decentralization. Similarly, Toncoin’s future is tied to Telegram’s success, meaning that if Telegram fades, Toncoin would likely follow.
- All three projects – BNB, Solana, and Toncoin – have been heavily influenced by hype, memes, and venture capital backing.
- Back to the trend :
- Polkadot is at a critical juncture: if it doesn't break the downtrend, it could easily slide back to $3.60 or less, if it breaks up $5.50 is the next critical point.
- Cryptos remain highly volatile and unpredictable. Invest wisely, do your own research (DYOR), and approach each projects with caution.
Happy Tr4Ding!
Polkadot (DOT) Set for Potential Rebound? Key Price Action Signa👀👉 Despite recent downward pressure, Polkadot (DOT) is showing a bullish break of market structure on the 30-minute timeframe. I’m closely monitoring for a possible buying opportunity, guided by the key criteria discussed in the video. In this analysis, we’ll highlight the critical price action signals to follow and how to strategically position yourself for the next potential move. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
Polkadot (DOTUSDT) Falls Fast! TP1 Hit, More Targets in Sight!Technical Analysis:
Polkadot (DOTUSDT) on the 15-minute timeframe entered a short trade with a clear rejection of the Risological Dotted Trendline, signaling strong bearish momentum.
Key Levels:
Entry: 4.450
Stop Loss (SL): 4.534
Target 1 (TP1): 4.347 ✅
Target 2 (TP2): 4.180 (In progress)
Target 3 (TP3): 4.013
Target 4 (TP4): 3.910
Observations:
Price respected the Risological Dotted Trendline as dynamic resistance, confirming the downtrend.
After hitting TP1, Polkadot remains in a solid downward trajectory, increasing the likelihood of hitting subsequent targets.
Volatility is providing momentum, which could lead to quicker completion of lower targets.
Polkadot's bearish move continues to unfold as TP1 is confirmed. Watch for the price to challenge TP2 and beyond as this short setup gains further momentum.
Polkadot / DOT ( Hot or Not? )The price of DOT is $7.5 today with a 24hour trading volume of 777 million dollars. This represents a 2% price increase in the last 24 hours and a 22.00% price increase in the past 7 days
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi chain technology made by Gavin Wood, Robert Habermeier and Peter Czaban.
but is it hot or not? 4.5$ for Dot is a Dip and the next targets are 7.5, 7.9 and 8.3$. the next big resistance for Dot is 8.5$
Polkadot 2.0- So i predicted many times that 4.30$ was the bottom.
- And i was wrong, Polkadot is still young.
- Trading Altcoins is like that, it's really hard to predict a perfect bottom with a new project.
- it's much more easy with BTC because TheKing volumes are high and it stays around from many years already.
- Remember that Trading is trying to predict the future by looking at the past, more you have data from past, more the job is easier.
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- A bit FA here :
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- Polkadot did the same as Cardano's first bullrun, it went back to the start.
( i will post a Cardano Charts in comments )
- Actually it's not a sign of weakness, but an opportunity.
- Polkadot didn't make noise just because they want to build steady following some SEC rules.
- Now if you follow the news, you can find that Cardano, Polygon and Near Protocol are building on Polkadot's SDK, DYOR it more to get some more informations.
- With time Polkadot could be the mother of all blockchains connections and interoperability.
- Remember what they had to do with ETH when problems came around, they forked it for ETC ( Ethereum Classic ).
- Polkadot doesn't need any FORKs, everything can be changed by votes in the governance.
- The difference between DOT and ETH is very simple.
- Polkadot is scalable, Ethereum is not.
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- Trading Parts :
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- So Right now look at the graphic.
- DOT made a bottom around 3.60$. The exact same bottom it did in 2020.
- DOT is actually staying near a demand zone (6$).
- i do not recommend to buy now but wait for a retracement or a breakout from this area.
- To get peace of mind i would buy DOT after 8$, after that zone, it's a free fly!
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My predictions on DOT for the next bullrun are unchanged :
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- Security TP : 85$ ish
- Middle TP : 140$ ish
- Max ATH : 220$ ish
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- if you missed to become a Whale with ETH in 2016.
- Here yours second chance with Polkadot.
- Stay S4fe
Happy Tr4Ding !
Will PolkaDot DOT reach the sky this bullrun?Hello, Skyrexians!
Despite the Bitcoin price fast recovery after correction, altcoins remain dead and we understand that it's really annoying for most of market participants. Most of traders now in huge loss after -60% dump for entire crypto market since March 2024. But crypto trading is very risky to experience it without proficiency in different crypto trading strategies. This time even top crypto bot trading strategies and the best crypto traders failed. Nobody has been waiting for such a big crash. Analyzing ideas of top crypto traders on TradingView we can see that most of them are still bullish. For sure it does not mean that market will definitely do down, but if when it start bouncing they remain bullish mood it's gonna be dangerous signal and different trading tools such as automated trading bots, grid trading bot and other algorithmic trading bots can face with a huge loss again. In our opinion only ai crypto trading bot can overcome this problem because of using non linear approach.
In today's article we are going to share with you our analysis on BINANCE:DOTUSDT to help you setup your crypto trading bot algorithm or trade manually. Hope it will help to avoid mistakes and decrease potential losses. Let's get started!
DOT macro overview
History of this crypto asset has enough bars to make a complex analysis. This fundamentally strong L0 project has been listed in 2020 just before the massive bull run. The previous bull run wave the largest degree wave 1. After that we saw the first sell off. Some traders may tell that it's wave 4, but we counted it as wave A inside the larger wave 2. Wave B set up the bull trap and printed the irregular correction and after that the wave C has started.
In our opinion this wave C inside 2 has been finished in October 2023 with the massive reversal bar at the bottom. This is the strongest signal of trend end. Now the new impulsive wave 3 has been started. We want you to pay attention to the fact that DOT is the uptrend asset, price has not hit the previous bull run start and it's the great sign that in this cycle it has a great chances to set new ATH.
Talking about potential targets we can use our favorite Fibonacci extension. The most conservative target is $51 (almost at the ATH), the likely one is $79 and unbelievable is $119. We expect the reaching at least the first target in $2024-$2025.
Polkadot Next BullRun- Okay now that we got the Bottom ( 4.3$ ish).
- We can try to calculate the highest points for the next bull run.
- i am not in patterns too much but we can see that DOT formed a kind of Cypher Bullish Pattern.
- A resistance was created around 9.80-10$.
- So Polkadot will have to go retest this zone and breakout to climb more.
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- TP Zones :
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- TP1 : 50$ ish (ATH 2021).
- TP2 : 85$ ish (161.8 Fibo).
- TP3 : 200$ ish (Max Fibo 423.6).
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- Like Always :
-- Take your train ticket before the mass.
-- Sell when others rush to buy :D.
Happy Tr4Ding !
Polkadot📊Analysis by AhmadArz:
This is the time when we are looking for the best points to buy in this chart so that we can double the capital.🚀
🔗"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: break renge level📊Analysis by AhmadArz:
🔍Entry: 7.370
🛑Stop Loss: 6.927
🎯Take Profit: 7.692 -8.102 -8.443
🔗"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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