Top Tweets for #dotusd
🔥 #Polkadot (#DOTUSD) 🇺🇸 Follow-Up on the Expected Path of the Cryptocurrency on the 1-Day Time Frame 🔥
Bearish Pressure 🐻
✨ As the price approaches the 161.8% extension level—and may even exceed it relative to the length of wave 1, highlighting the strength of wave 3—we expect to see a corrective move 📉 representing wave 4. Based on Elliott Wave guidelines, this correction is likely to be relatively sideways, retracing toward the 38.2%–50% levels of the length of wave 3. Wave 4 may vary in form, appearing as a simple corrective pattern such as a triangle or a channel, or it may develop into a more complex corrective structure. 👌🏻
👉 Once a clear pattern representing wave 4 emerges and its completion is confirmed using one of the established confirmation methods, we expect the downtrend to resume. Following a breakout 🏹 of the key level confirming the completion of the corrective pattern, a new bearish move is anticipated through wave 5. This wave is expected to drive the price toward the 0.664–0.
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🔥 #Polkadot (#DOTUSD) 🇺🇸 Expected Path for the Cryptocurrency on the Daily Timeframe 🔥
🐻 Bears in Control
👌 The bearish outlook continues to dominate the pair’s direction, as we have already witnessed a strong decline through the sub-waves of Wave (3) within a bearish impulsive structure. This wave may represent Wave (5) within a larger bearish impulse, targeting the 161.8% extension level as one of the key objectives for Wave 3 and an important support zone.
📉 If no reversal appears at this level, the decline could extend further through the sub-waves of Wave 5, signaling continued selling pressure over the medium term.
⏳ In the short term, we may see the formation of Wave 4, which is likely to develop into a corrective structure such as a sideways pattern (triangle or flat). A break below a key level would confirm the continuation of the bearish trend. 🔑
📊 Monitoring price action developments remains essential to identify the next potential moves!
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DOT looking ready for a massive reversal after months of compression.
Holding long-term support while momentum slowly shifts bullish — breakout season could send it flying. 🚀
#DOTUSD
DOT is holding a major demand zone after months of consolidation.
Price keeps respecting support, and a bounce from here could send $DOT back toward the upper resistance range📈
If buyers step in, this setup could turn explosive fast 🚀
#DOTUSD
DOT holding a key trendline after a sharp selloff.
Buyers stepped in right at support, but DOT still needs follow-through strength to confirm a real reversal.
Clean bounce from this zone could shift momentum back in favor of bulls 📈
#DOTUSD
🔥 #Polkadot (#DOTUSD) 🇺🇸 Follow-up expected outlook on the 1-hour timeframe 🔥
✨ Imminent breakout ⚡️
Data:
* Formation of a bullish impulsive wave labeled as (1)/(A) 📈
* A downward corrective wave in a flat pattern representing wave (2)/(B) 🔽
* A deep corrective retracement from the previous wave 📉
Expectations:
* Formation of small bullish impulsive waves in the short term to complete wave 1 and build the base for wave (3)/(C)
* A strong wave 3 is expected to drive wave (C)/(3), leading to a breakout of the price channel and the formation of a new high 🚀
* The development of impulsive waves from this zone is crucial to maintaining the bullish scenario 🔝
* The ideal target for the upward wave, if the scenario materializes, is 1.433 🎯
⚠️ A break below the 1.147 level poses a risk of invalidating the bullish scenario.
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🔥 #Polkadot (#DOTUSD) 🇺🇸 Follow-up expected outlook on the 1-hour timeframe 🔥
🐻 Bear trap
The pair appears to be moving within wave B of a corrective structure, which may take the form of any corrective pattern except a triangle. The price is approaching potential reversal zones that could mark the completion of wave B 📉.
🔨 If a key level 🔑 is broken, this would confirm the onset of the downward wave, representing wave C of wave (2)/(B) 〽️.
🧐 The decline may target the 50%–61.8% retracement levels, as illustrated on the chart 📊.
⚠️ Confirmation signals for the bearish wave must be observed, as previously outlined.
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🔥 #Polkadot (#DOTUSD) 🇺🇸 Follow-up on the expected path of the cryptocurrency on the 4-hour timeframe 🔥
🌊 Opportunity to ride a bullish wave
Price appears to be preparing for a strong breakout after breaking a key price channel, which may indicate the formation of wave (3) and reaching the 161.8% extension — with potential to extend even further — suggesting that a new impulsive wave could be underway.
💡 Any bearish pullback would be considered a good opportunity for long re-entries 🎯, targeting the 1.8006 level, with the possibility of reaching the 261.8% extension if positive momentum continues.
Maintaining the bullish scenario requires price to keep trading above the price channel, as this would further support the upward outlook.
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🔥 #Polkadot (#DOTUSD) 🇺🇸 — Expected path update on the 4-hour timeframe 🔥
Potential reversal ⚡️
👉 After observing an impulsive bullish wave, followed by a flat pattern still forming as corrective wave (2)/(B), price is now moving within the final leg of wave C as a sub-wave of this corrective decline. Based on this structure, we expect the following:
A potential decline within wave (5) of wave C, inside wave (2)/(B).
This downward move may reach 1.2046 as a potential reversal zone. 〽️
If price reacts from this area, a subsequent bullish move could emerge.
⚠️ A break below 1.1002 would invalidate this bullish scenario.
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🔥 #Polkadot (#DOTUSD) 🇺🇸 – Follow-up on the Expected Path on the 4-Hour Timeframe 🔥
Continued Uptrend 🚀
🐂 It appears that the bulls have already succeeded in breaking a key level related to the corrective sub-wave 💪, signaling buyers’ intention to push the price higher 📈 through the sub-waves of wave (3)/(C) 🌊.
The price is expected to continue rising ⬆️ to form a new high 🔝 above 2.343 at a minimum, and ideally around 2.602 🌟. The upside move may extend even further if a strong breakout above the upper boundary of the price channel occurs 📊.
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🔥 #Polkadot (#DOTUSD) 🇺🇸 Follow-up on the expected path of the cryptocurrency on the 1-hour timeframe 🔥
Is it time to see a deep correction? 🤔
* One of the proposed scenarios suggests that a bullish wave has formed in an impulsive pattern.
* The price may now continue upward to complete the fifth wave of this pattern through a final wave, aiming to reach the second target of this bullish move. If a reversal occurs from this level, we can expect the following:
* A strong decline within the sub-waves of wave (2)/(B).
* Downside target levels between 1.998 and 1.910.
* If the price reverses from this zone, a subsequent upward move may occur.
* ⚠️ A break below 1.653 opens the door for a larger correction, so caution is required if this level is breached.
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