DOTUSD
Polkadot or Etherium?Straight to the point. In my opinion DOT will be a better performer than ETH this year.
As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices.
The 1.618 fib level is not out of the question in my opinion. This would put it's USD price at $183 if ETH is at a $5k price tag.
ichimoku trade : short positionthese positives can be a pullback to ichimoku cloud. then I put sell position at 40.26$ and put stop upper than cloud with buffer. if trend start, I will change stop with kijunsen.
by a parallel channel it should come to 30.38$.
other parallel channel shows a good support that is available at the picture(about 30$ but it is dynamic).
sell pos.: 40.26$
stop loss: ichimoku cloud(about 47$)
target: reach the stop loss of kijunsen(maybe about 30$)
Head and Shoulder Formation in DOT, perfect time to ??What you think PErfect time to open short position or long positon ?
According to Head and shoulder formation it should drop the price further dip till 15-18 usd
RSI is about 40 which indicates there is still place do go down
MACD is below 0 but it has also palce to go down
So all indicator show potential Short but of course in crypto all dependent on Bitcoin price fluctuation
if the market can reverse then we can talk bout the previous ATH levels
DOT: Clear Leader in Web3 Space - 2022 LT TargetsThere is no question that DOT is the clear leader in the Web3 space.
There are >155 projects developing on DOT's ecosystem and DOT has the highest growth in developer activity in 2021 and the 2nd highest absolute level of dev activity (behind ETH). DOT grew from 2,600 devs to 10,000 devs by year-end 2021. Those 10k devs wrote 2 million lines of code in 2021. 2022 starts the year with 10k devs and an exponential rate of growth of the network. At current prices DOT is very undervalued imho compared to the level of influence it is about to play in the entire blockchain ecosystem.
My thesis has always been to buy the MOST fundamentally valuable coin and in the Tech / Software space the ones who become the most valuable (whether it's Oracle, MSFT, GOOG, AMZN, etc) are the ones who invest the most in R&D. In this case R&D comes in the form of developer activity and manhours invested in programming code. PolkaDot easily takes the cake.
On top of R&D invested in any venture (software and non-software alike), if the venture is led by a genius, your chances of success increase. Dr. Gavin Wood is perhaps one of the smartest devs in the entire Blockchain space. Dr. Wood co-founded Ethereum and with that knowledge he KNOWS exactly what to develop to create something even better. This is a major advantage that NO OTHER blockchain project enjoys - not Solana, not Avalanche, not ALGO, etc... although these other projects seem impressive and are in many respects, DOT imho will be the outright technological winner that stayed true to the 3 pillars of blockchain (decentralized, secure, scalable). Not only that, but Dr. Wood had the vision to target 1 million TPS years ago when no one else was setting their sights on such an ambitious target.
Furthermore, the parachain auction platform is starting to flex its muscles and actually showcase the genius behind this incentivized system of locking up DOT tokens (net deflationary) for 2 years to projects that can then lease a slot auction which then incentivizes those projects to develop and put their ideas into implementation while at the same time not having to worry about creating security features as the PolkaDot substrate has already taken care of that for any venture connecting to the parachain substrate. The number of protocols suffering from security flaws are innumerable and Dr. Wood knew this from the beginning of developing PolkaDot. I'm very impressed by his sheer vision and ability to foresee what would be the big issues to overcome and his ability to create a system that maximizes "skin in the game" from a game theory economic standpoint.
If you check out some of PolkaDot's projects here at parachains.info , you will find 155 projects developing at varying rates and many of which are very impressive. If you click around, you will see most are backed by venture capital, which is a very important metric to see as this increases the chances of success since the capital they deploy comes with timeline goals as well as support in finding talent as they can tap into broader global networks.
Lastly, the oft forgotten Facebook Diem connection to PolkaDot continues to develop with almost zero notice to the rest of the world. Pontem Network is creating a PolkaDot based substrate that will connect Diem and DOT's entire network. You can read more here pontem.network
Things also got a lot more interesting with the arrival of Diem's former COO now being hired as the current COO of the Web3 Foundation (the foundation behind PolkaDot).
www.altcoinbuzz.io
This will only quicken the adoption and integration of a mainstream social app that has 2.8 billion users and allow them to interact within the PolkaDot ecosystem with ready made apps. Some of my favorites are Phala Network, Moonbeam, Crust Network, Acala, and many more that I know I'm not mentioning (forgive me).
DOT, the big players have gathered liquidity. What to do now? The DOT has been in a trading range between the $31 and $24 levels for the past month. It's worth noting that the big players have been collecting liquidity from both buyers and sellers. It is dangerous to open transactions while the price is in the middle of the trading range, because it is not known yet who is stronger sellers or buyers. The best decision now is to wait for a clear confirmation.
In the case of a squeeze and breakout of a key level there can be a good opportunity for buying. In the case of a false breakout it is worth opening a reverse position.
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.
POLKADOT will be a game-changer in 2022The resistance levels are 38.5usd and 45 USD if it can pass the imperative level of 32 USD. Then, it will go on this rising flag to other levels of more than 60 USD.
Polkadot is the leader of all web 3 coins and tokens and for this year, 2022 will be a game-changer and follows the way of Solana soon.
Polkadot DOT/USD Bull Run 2nd wave was inverted Flat which is an indication of the next bull run is fast and furious.
If Wave 3rd is Fibonacci 161.8% extended then first it may touch $100
So Buy on the dip is strategy for the year 2022
Let's see where it will be in 2022.
DOT/USD Buy @ $30
SL $23
TP $100
DOT Exchange Trading Idea 22-01-02Last week we were looking for price to break above the 50EMA which it didn't. Currently back in the middle of the 50% zone so really not a decent sign of price going back up. The price is still a good price for DOT but the issue with getting in now is that your capital may be tied up for longer than you want in order to get your % gains.
UPDATE: DOT UP 700% after bull signal - 300% more to come?Please Like or Follow if you enjoyed this content.
UPDATE: The price jumped 700+% after the bullish Supertrend Ninja signal. The Supertrend Ninja also predicted the drops of April 2021, May 2021 and Nov 2021. Using fibs. Price can go at least another 300% up, if this is the bottom. Although the Supertrend Ninja hasn't given a bull signal as of yet.
Supports and Resistances are highlighted as grey blocks. Next resistance around 39 USDT. Profits can be taken at each grey block. Supports and resistances are drawn using the indicator 'Yo Show Me Some Support - and Resistances'. Pun intended.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Thank you for reading.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
#Polkadot´s 4 tasks on the 4h chart... #DOTPolkadot´s 4 tasks on the 4h chart...
1. breakout of the resistances on RSI
2. keep the MA Ribbon bullish (green)
3. clearly break the volume resistance
4. confirm breakout(s) and have fun 😎
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
DOT Stoch RSI cross on Weekly (happens once or twice in a year)There is a very bullish setup occurring in DOT atm with the Stoch RSI crossing into bull momentum for the first time since July 2021... these weekly crosses don't happen often in a year.
Knowing that alt-season is likely about to progress and develop at a much quicker pace as it usually does in Q1-Q2 of any given bull year, DOT is probably one of the most undervalued pickups here since they have already fully launched Parachains. Expect more bullishness as projects continue to develop and as DOT ramps up transaction speeds. If you needed any clue on how fast DOT is even at these very early stages, it sends pretty much instantaneously already... much faster than about a year ago when I tested the speeds. They are capping the speed for now but soon we will see scaling as Dr. Wood and the dev team become more confident in their interoperability. KSM will do well too but DOT is severely undervalued here compared to larger cap coins. DOT could very well be $150-200B market cap by Feb/March 2022.
DOT - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
DOT is sitting around a strong support zone in blue so we will be looking for buy setups.
on DAILY: DOT is forming an inverse head and shoulders pattern, but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, DOT would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich