💥A successful breakout on Polkadot would land us 100% ROIPlease support this idea with a LIKE👍 if you find it useful🥳
Price has broken out of the falling wedge already.
But to call it a successful breakout, I need it to break the inverse H & S neckline at $13.
Then a long position to $17, $20 and $24 which gives us 100% return on investment from $12.
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗
Dotforecast
DOT has punched that triangle. Urgent update!!!😮😮New update on the DOTUSDT!
You can clearly see on the Dot chart that price has broken through the triangle structure that was formed. If price tests this triangle as support and corrects to the area marked below, it could be a good time to open a position.
And the potential target for this move could be the one marked on the chart above!!!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Dot could go up a lot if it breaks this level! 🤑🚀On the Dot we can see that the price has been in a local consolidation for 8 days, the last attempt to close higher failed and the Dot has corrected to the middle of the consolidation.
At this point, the price may try to go higher again and get out of this consolidation, but it could also pick up stop losses below and possibly move up from there!
If Dot manages to break this resistance level, close higher and test it as support, this could be the best area to buy with the targets above.
I expect the best opportunities to enter the market now!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Polkadot (DOT) - 4h. Fall wave correction is not over yetThe drop in th e [b ] Polkadot (DOT ) market by 72% in one week significantly reduced investor interest. An attempt to form a new wave of growth , which buyers began on May 23, is more like a wave of correction. If at the beginning of the growth wave formation the trading volumes were increased, now we see that the buyers' fire is extinguishing before our very eyes.
The first local problem of buyers, which they cannot cope with, is at the mark of $24.5 . On the chart, we see that buyers twice tried to take control of this mark. However, given the fact that buyers were able to hold the range of $19-20, we will soon see a third attempt to break the mark of $24.5.
At the moment, the range of $19-20 is a critical point for buyers, the control of which ensures the continuation of the local growth scenario in the DOTUSDT market. The loss of this range will pave the way for sellers to $14. And this scenario will continue to fall and update the previous low.
Our main target is to test the range of $30-31. If you look at the daily timeframe, you can see that in this range when there was the lower limit of the global consolidation:
The chart shows that buyers are preparing to test this range. We doubt whether buyers will have enough strength to continue growth without correction. Considering the powerful impetus for the DOT price fall, the best scenario is the continuation of the price movement in a broad consolidation of $19-30. The scenario becomes especially convincing when we look at the weekly timeframe:
However, we will describe the global situation on the DOTUSD market after testing the price of the range of $30-31.
P.S. The previous idea worked well:
Polkadot (DOT) - 6h. Price half way to targetThe market situation for Polkadot (DOT) remains mysterious and tense. The two-month consolidation that started back in February 2021 continues in a wide 56% range. The main liquidity zones that are within the limits of this consolidation are in the ranges of $29.6-30.6 and $45.5-46.5 . As you can see on the chart, it is at these price zones that the DOT price slows down and reverses after false breakouts. Therefore, when planning short-term trades in these liquid zones, we would implement our trades.
After the unsuccessful attempt of sellers to break the consolidation down, buyers organized a new local wave of growth. At the moment, the DOTUSDT price is in the middle of the consolidation, namely before the local range of $38.3-39.3 . This range can perfectly serve buyers as a support and addition of a position with a target of $45.5-46.5.
We wrote about this scenario in our previous idea:
However, for such an option, buyers must first take control of this range. So far, the price has slowed down in front of the liquid zone and is preparing to break through it. Therefore, while the price is below $38.3-39.3, we do not exclude the scenario of a return to
$29.6-30.6.
If the range of $29.6-30.6 is lost, this idea will become irrelevant and the target of $45.5-46.5 will have to be forgotten for a while.
__________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
DOT - 6h. The first target is reached - we are waiting for $50A new wave of growth, which began on March 25, reached the top of the DOT triangle price zone . In the previous idea , we predicted the following price movement in the DOT market:
The main question at the moment - will the price of Polkadot (DOT) continue to move within the triangle?
Considering the Powerful wave of growth in the DOTUSDT market, which began on February 1, the current triangle-shaped correction looks rather weak. If you pay attention to what the previous correction looked like in the DOT market, you can predict the continued growth of the price
Of course, the situation is slightly different, especially in terms of trading volumes during the DOT price increase. However, analyzing the current wave of growth from March 26, we see a clear impulse that does not plan to stop before the mark of $39.
The critical point of the local attack of buyers is the mark of $38.5 Below this mark, buyers will lose initiative in the DOT market. In this case, sellers will be able to start with $32 . However, this scenario is alternative for us.
Fixing the price above $39 will pave the way for the DOT price to the range of $49-50. Let's see if buyers can implement this scenario in April.
____________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
Polkadot Buy Signal from Script triggered Ema crossover SMA Polkadot (Dot) Buy opportunity! Potential 68%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano, Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension .
Note this may not be a straight forward push, but a bullish momentum powered by 3 push phases. Use the Buy Zone area to map your entries, Zone 1 at the 23.6% level and Zone 2 at 61.8% Golden ratio. Overall, there is a high probability that Dot's price will break out higher (68% Gain from current price levels) as the bulls target the next resistance at $50.
DOT 12h Global picture and levels for correctionIt's been three months since one of the first DOT ideas was published.
It was then that we wrote that there will be a correction from $6 to $4.40 where you can buy long. During this time, the price of DOTUSDT has grown by 1000% . Great result, buy and hold.
Here we will leave a link to one of the first ideas on DOTUSD , and the entire series of ideas, if desired, can be found in the search among our ideas.
And now it's time to clean up the chart from many levels and patterns and look at the picture globally.
Look at this parabolic rally upward, without any sensible correction.
It seems to us that it's time, it's time to start corrections in the near future.
The nearest tasty zone for buying in DOTUSD long is located in the area of $16.50, where at least some consolidation was taking place.
Or maybe lower, what to think of, we'll see over time :)
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
DOT - 4h. Buyers are preparing for test $22Despite the strong growth of the Polkadot project token and our desire to adjust the price, the growth prospects remain high. The chart shows that after abnormally high volumes on January 16-17 , the price of DOT slowed down. Sellers were able to stop the frantic growth.
However, the sellers failed to arrange a deep correction . In fact, from January 17, the price of DOT is traded in the consolidation range, which is more likely to break up.
At the moment, buyers are trying to gain a keep above the middle line of this range to storm the upper limit of $17.5-18. Fixing a price above this range will give buyers the opportunity to continue to grow with the first local target of $22.
An alternative scenario will take effect if buyers do not withhold $14.7-15. In this case, we expect the DOTUSD price to drop to $11.7
Our global DOTUSDT idea:
__________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
DOT 12h Preparing for another upward momentum?To your attention DOTUSDT which made x4 in a month and it looks like it has no plans to stop)
Unsurprisingly, this coin has collected almost the most votes in our weekly digest to analyze it . We promised - we are doing, by the way, you still have the opportunity to offer your options for analysis.
Around the level of $18.80, sellers became active a little and were able to shake the DOTUSDT price by $4 down to $14.70.
However, it looks like buyers are not planning to give up.
At the moment, the DOTUSD price is consolidating below the level of $18.80.
Such a process can be regarded as preparing buyers to drive the price higher.
The targets from above were slightly corrected, now the zone is $21.50 - 24 . It is these two levels that we will be watching closely as they can become serious resistance for the DOT price.
To drive the price up, buyers should not let the DOTUSDT price fall below $16.50.
We will receive a strong buy signal from the chart when the DOTUSDT price can confidently fix above $18.80.
DOT is pretty technical right now, if you're curious, you can check out our series of DOTUSDT ideas in the related ideas below.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)