Free Polkadot (DOT) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Hold Hold Hold
Last Update / Period
09 Oct / Daily
Category/Currency
Cryptocurrencies/USD
Exchange/Country
CCC/--

Polkadot (DOT) signal with technical analysis on 09 Oct

On 09 Oct, we conducted a comprehensive technical analysis of Polkadot (DOT), considering 256 signals with intricate details. Here are the key findings: 23 signals suggested buy strategies, while 121 indicated sell strategies. The remaining 112 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 9
Sell Signals: 27
Neutral Signals: 28
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 2
Sell Signals: 32
Neutral Signals: 30
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 3
Sell Signals: 32
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 9
Sell Signals: 30
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 23
Sell Signals: 121
Neutral Signals: 112
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Polkadot (DOT) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Polkadot (DOT) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Polkadot (DOT) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
Polkadot (DOT) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 12.35% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **Polkadot (DOT)** investments.

Polkadot (DOT) Price Analysis and Support Levels:

In our current Polkadot (DOT) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 3.8388
We are closely monitoring the price at 3.8388, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 3.6475
If the first support level is broken, the second support level at 3.6475 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 3.6077
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 3.6077 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading Polkadot (DOT). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

Polkadot (DOT) technical analysis chart

Polkadot (DOT) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 4.2251 4.96 4.9877 5.0979 5.1776
Support 3.8388 3.6475 3.6077 -- --
 Polkadot (DOT) Support and Resistance area (09 Oct)

Polkadot (DOT) signals list for 09 Oct

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Polkadot (DOT) candlestick patterns on 09 Oct

Today's Polkadot (DOT) Candle Patterns List:

Hikkake Pattern Short Line Candle

Polkadot (DOT) technical analysis over the past days

# Date Overal Signals ALL Signals
1 08 Oct Sell SellHoldHoldHold
2 07 Oct Hold NeutralHoldHoldHold
3 06 Oct Sell NeutralHoldHoldSell
4 05 Oct Hold HoldHoldHoldNeutral
5 04 Oct Hold HoldHoldHoldHold
6 03 Oct Hold HoldHoldHoldHold
7 02 Oct Sell HoldHoldSellSell
8 01 Oct Sell HoldSellNeutralNeutral
9 30 Sep Sell SellNeutralHoldHold
10 29 Sep Hold NeutralHoldHoldHold
11 28 Sep Hold HoldHoldHoldHold
12 27 Sep Hold HoldHoldHoldHold
13 26 Sep Hold HoldHoldHoldHold
14 25 Sep Hold HoldHoldHoldHold
15 24 Sep Hold HoldHoldHoldHold
16 23 Sep Hold HoldBuyHoldHold
17 22 Sep Hold HoldNeutralHoldNeutral
18 21 Sep Hold HoldBuyHoldHold
19 20 Sep Buy NeutralNeutralBuyBuy
20 19 Sep Hold NeutralNeutralNeutralNeutral
21 18 Sep Sell HoldNeutralNeutralNeutral
22 17 Sep Hold HoldNeutralNeutralNeutral
23 16 Sep Sell SellNeutralNeutralNeutral
24 15 Sep Buy HoldHoldHoldBuy
25 14 Sep Hold HoldHoldHoldNeutral
26 13 Sep Buy HoldHoldBuyNeutral
27 12 Sep Buy BuyBuyNeutralNeutral
28 11 Sep Hold NeutralNeutralNeutralHold
29 10 Sep Hold HoldNeutralNeutralHold
30 09 Sep Hold HoldBuyHoldHold

Users forecasts for Polkadot (DOT)

What is your prediction?

In this section, you can easily predict without user registration. See also other users predictions.

What is your prediction?

Polkadot (DOT) predictions by visitors

Please fill in your email
Please fill in your Text
CAPTCHA Image
Please fill in your Captcha

Comments