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Polkadot DOT: Not Looking GoodHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Polkadot (DOTUSD). The chart is self-explanatory. With the crypto market going through a correction, Polkadot may still have downside to go. See where I believe there may be strong support and possible bottom. Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:DOTUSD
by MillionaireEconomics
2
Polkadot: Pushing for $8.8 according to this pattern.Hello all, and thanks for supporting my channel. Looking at DOTUSD on the daily timeframe, we see a formation of a falling wedge pattern which has a bullish price target at $8.90. This price also corresponds with the 78% fibonacci retracement level and is also the top of the weekly candle formation. On the daily timeframe we are also trading inside the ascending channel which has support level sitting at $7 and resistance level at $10. For this channel, the Fixed Range Volume Profile provides a point of control at around $7.85 which is also the 50% Fibonacci retracement level. On the 4hr timeframe, DOT broke bullish out of the $7.50 price, and is currently retesting this price for support. As such, if the price of DOT can clear the $8 mark, we can retest the top of the channel at $10. This is approximately 30% move to the upside from the current point. Thanks for reading, and stay tuned. Enjoy.
BINANCE:DOTUSD
by EdgarTigranyan
1
POLKADOT IS IN ACCUMULATION ZONEPolkadot seems to be in the demand zone($6.24 - 3.90) on the weekly time frame forming equal highs/lows. This possibly signifies an accumulation of orders at this zone before an explosive move towards the weekly supply zone of - $15.34- 23.78 region. This zone also coincides with the golden ration in the Fib retracement, which adds to our confluence.The RSI also seems to have stopped forming lower lows and looks like its displaying a potential reversal/bullish divergence in play. If this move plays out(dependant on Bitcoin) we could see a sharp sell off once it reaches the supply zone. If you are accumulating #Dot in these regions make sure to take some profit at this key level.
BINANCE:DOTUSD
by CryptoBlanco
DOT/ BTC Main trendMain trend. Logarithmic graph. Timeframe 1 week. A huge harmonious pattern is formed, with impressive target. Very relevant work on this pair will be in the first place when bitcoin is “bad”. The % growth / fall of the price in the event of the development of certain price movements (breakthrough / no breakthrough, fixing / not fixing) relative to key levels and zones is shown on the chart. The same indicators on a line chart. Secondary trend DOT/BTC Secondary Trend
by SpartaBTC
16
Polkadot (DOT) - August 31Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) Whether or not it can move higher than 11.72 is crucial. (1D chart) The key is whether it can be supported by rising to the 7.16-7.74 section. If it falls below 6.85, it could fall near 5.11, so you need to be careful. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Polkadot: overview for August 23The support level was broken on the Daily timeframe on August 19 breaking through $7.68, and the trend is bearis h now. The market has been in the correction wave for the last several days. A pullback selling opportunity will appear after the correction is finished and a bearish candle is formed on the Daily timeframe. If the downward movement continues, then the price can move towards target #1 . It is the support level formed on July 25 – 27. Its borders are $6.71 – $6.52. If the new support is formed in the coming days, it will be the first target. Short positions will remain relevant until the market is below the nearest resistance level on the Daily timeframe, the highs of August 10 – 15.
Short
by JIexa1701
Huge pump, If DOT renew it`s lows🚀Hi friends! DOT is close to it`s $6 lows where a lot of long traders stop losses are set. It`s the nice area, where the big player can collect enough liquidity to open a long and a huge growth can continue. 📊 The preconditions to open a long: 1. false breakout of the $6 key level where a lot of retail traders sl`s are set 2. volume growth which confirms that buyers makes it`s purchases 3. DOM and Footprint show us the huge LIMITS WALL to buy 4. of course, bullish BTC help DOT to PUMP 🚩 Last time DOT wasn`t strong enough to make break up of the rising wedge. It will be nice to see the strength of buyer during the false breakout of $6 key level and DOT will go to grow and brake up the falling wedge. 📊 The targets: 🔥 $9-9.5 - the closest value area and the resistance 🔥 $11.9 - the key level 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4