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DOTBTC

DOT is drawing closer to a 31% upswing, eying $50 Polkadot is trading at the apex of a symmetrical triangle pattern ahead of the anticipated liftoff to 50. The resistance at $40 remains the biggest hindrance to the bullish outlook. Polkadot is among the few cryptoassets set to begin the week in the green. Bitcoin surprised many by making a real break above $60,000 over the weekend. DOT is most likely following in its footsteps to achieve another record high. Meanwhile, DOT is trading at the apex of a symmetrical triangle. This pattern highlights a period of consolidation in addition to a potential breakout or breakdown. The symmetrical triangle is formed by two trendlines whereby one connects a series of higher lows and a series of higher lows. A breakout will occur as soon as the price slices through the upper trendline. The move to the north is usually drastic and confirmed by a sudden increase in trading volume. Triangle breakouts have exact targets measure from the pattern’s highest to lowest points. Polkadot is very close to breaking above the upper trendline, where it will launch 31% higher to a new all-time high. The anticipated upswing will be reinforced if the MACD sustains the cross above the signal line. Moreover, the indicator should stay within the positive region to secure the bullish impulse. Note that the bullish outlook will fail to hold if Polkadot upside is continually limited under the upper trendline, and by association, the seller congestion at $40. On the downside, the 50 Simple Moving Average is in line to offer support. Massive losses eyeing levels under $25 will come into the picture in the symmetrical triangle breakdown.
KRAKEN:DOTUSDLong
by CoinGape
2
DOT - BIG MONTH AHEAD$DOT - Getting ready for next move up before the end of March I am expecting a large move upward either before the end of March or the start of April Be aware we could test the strong uptrend support extending back to the start of January one more time - this would result in a drop down to $35 before heading back up Target 1: $42usd Target 2: $50usd Target 3: Open Stop loss $34usd This coin is definitely one to buy and hold for the next few months ''Buy Big Sell BIGGER'' - MegaWhale
BINANCE:DOTUSD
by MegaWhale
3
POLKADOT (DOTUSDT/DOTBTC) Potential Long Entry 2021/03/11Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $35.5-36.5 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
Long
by cryptotraderog
10
DOT/BTC Alt Coin Craze Around the CornerDaily Chart I am seeing a lot of money being put into altcoins based on money flow. This chart is DOT performance against BTC instead of USD. The huge negative moneyflow has completed around Feb 10th 2021 and now moving into Positive Green money flow. Momentum trading and accumulation is important when there is no price history for support and resistances. I put ADA in the chart to show how DOT will perform about the same. ADA has been around longer therefore more history for data points. What is happening to ADA will happen to DOT and a few other coins. I am extremely bullish on DOT and therefore accumulated during the BTC downturn and hopeful of the launch in the first half of the year. I don't expect to hold DOT till end of this year. Can't go wrong in a bullish market right?
Long
by WiThConFi
3
DOTBTC retracing from ATH and looking to retest supportAs predicted, a sell around the new ATH would have been ideal for those of you who didn’t, and a hi5 to those of you who did! Kudos! 1hr timeframe still shows room for a support retest, although 30min and smaller timeframes look promising here for a buying opportunity. I’d be more comfortable when the 1hr timeframe shows a signal. Note: BTC capitulation is also underway, trend should resume should 47k support hold. If not, we might breach support, in which case we will revaluate.
by hiftikha
4