Dot analysisHere's a quick look a DOT 3HR chart. As we can see, the price has been showing a good support zone at 28.06$ . We see S/R flip from that support .
DOT need to break 29.39$zone and retest it .
Now its time to wait and hold it
Definitely one to keep an eye on .
The best entry at good Support level now.
Short Term Target-According to fib level
31.12$
32.97$
34.49$
35.52$
DOTUSD
Dot can rise 10 to 12%After the false break under 24.30 support, Dot has recovered nicely and yesterday has broken also above very important 28 horizontal resistance.
Now the coin is in a small correction and I expect continuation to the next level of resistance at the 33 zone.
Buy dips can be a good strategy with a great R: R.
DOTUSD - 1W - the two potential waysHi guys,
here DOT USD with a weekly timeframe.
We could see here a potential huge ascending triangle.
Red zone as resistance and green zone as support.
This kind of pattern is usually bullish.
This will strongly depends on the global market (BTC mainly).
If BTC to continue his rally by 2022, this pattern could lead to huge price increase
be careful is price breaks green zone. First stops at 20 ..13
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Polkadot Now has LARGER 1-2 SetupPolkadot (DOTUSD) invalidated its nested 1-2,i-ii setup that was our primary PURPLE pattern by breaking below the 25.75 support. While that is unfortunate and makes the bearish RED alt pattern more likely, the new primary GREEN pattern now identifies our 55-top as larger subwave(i).
And that means our standard overhead targets for DOT have risen substantially . Subwave(iii) now targets 235-349 while Subwave(v) now targets 445-660. There are also strong Fibonacci confluences at 191, 381, and 583 at which we can see pullbacks. The larger 1.618 ext at 1161 still looms and could possibly serve as the major top for Polkadot if things go extra bullishly.
All this is great news as long as we stay over support at 19.69 , which marks the 61.8% retrace of our new green subwave (i). Dropping below that can substantially increase the likelihood of the bearish RED alt pattern manifesting. Officially, breaking below 10.34 will make the bearish red pattern my primary, but in all honesty, if the altcoins are going to see that kind of bearishness, BTC and ETH will flash strong warning signs well before we get that low!
As the rally continues, it will become more and more important to focus more on dollar-cost-averaging (DCA) to purchase DOT as opposed to buying in large lump sum amounts. The risk-level increases as the price rises, so your window is closing on deploying larger amounts of cash. Remember to diversify not only what you purchase but also the TIME of the purchases; that's where DCA can help!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#polkdadot #dot #polka #crypto
DOT/USDT ChartBefore I start to talk about DOT I would be grateful if you could follow, like and leave a comment about the idea, crypto market or any tip on how I can inprove. I'm starting way more often, so please check my recen ideas.
DOT has been a great investment in this bull run, and I think that we might see the coin reach 40$ again if BTC resumes the uptrend. The coin is in a good buy range at 26$, and if we break the 30$ resistance we will probably hit 40$. If BTC goes down a drop to 18$ is the most probable scenario.
DOT has very similar paterns in the two stages of the bull run so we can expect a sideways movement like we saw in May and June. For now the best we can do is wait for the BTC price movement before entering a postion on DOT. I remain confident that the coin will break the resistance and go up because BTC chart doesn't have any sign of a big crash yet. Comment what you think
DOTBTC + DOTUSDTWith BTC recovering, DOTUSDT is naturally following the market trend.
Interestingly enough, the potential bounce zone is on a very important point, right at the bottom of the bullish channel. on Both Pair!
Assuming that BTC will remain bullish/neutral in the near future, there's a decent probability that Holds this level and we will see more bullish price action in the coming month towards the top of the channel.
So patient my friends!
DOT/ETH is also oversold. I expect to bounce from here once ETH cools off bit! And big-cap should outperform ETH
old update still valid:
This smells exactly like last year - A christmas punt on DOT!Hi folks!
Although I am still of the strong belief that the entire financial bubble will pop eventually (still holding on to some of my VIX futures),
I do not trust fundamentals one bit right now, so I have to duck down into the dirty world of relying on sentiment prediction alone.
The best bet in that regard seems to be the DOT (paid for in U.S. Dollars) - both due to the fact that things happen very fast in the Polkadot ecosystem such that it might be reasonable to hold during a crash,
and that the T.A. seems favourable in terms of making a punt (MACD cross + div, RSI div (not shown), MFI buy singal, decreasing vol on downturn, might burst downtrend today).
DYOR.
NFA.
I wish you all well!
Merry Christmas btw :)
Dot UpdateSince November Dot is in Descending channel..(
Our resistance is upper line of channel
Our daily support is bottom line of channel
Strong support zone as I mentioned Red uptrend line and our fib level 23.60% (which is 18.90$)
Only if it breaks our resistance and holds..dot is bullish again!
DOTUSDT | Looks Bullish..!!
#DOTUSDT (Update)
Falling Wedge Formation along with Massive Bullish Divergence in 4H timeframe Chart.
Expecting Massive Breakout..
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
Polkadot Price PredictionDOT has edged lower after pulling back from Thursday’s high of 27.79. The altcoin has been on a downtrend since early November when it hit its all-time high at 55.28.
Currently, Polkadot's price was down by 3.77% at 25.35. On a four-hour chart, it is trading below the 25 and 50-day exponential moving averages. It is also below the long-term 200-day EMA.
In the short term, I expect the crypto to remain under pressure. It may trade within a horizontal channel between the week’s low of 24.17 and the 50-day EMA at 26.80709039. Below the range’s lower border, the bears will be eyeing a 5-month low of 20.00.
On the upside, a move above the upper border will likely place the resistance level at 30.02. However, as long as it remains below the 200-day EMA at 32.69, the Polkadot price will remain in a bear market.
DOTUSDT Is On SaleThere are many ALTs out there that have been far oversold! Though some of them have moved already (I did not get an AVAX chart in time) there are others that haven't moved yet, but I expect them to do so. DOT is a great asset and at the prices it is sitting at now, its a DCA no brainer. So if you missed out on SOL, AVAX, CRV etc, this is a great choice to round out your portfolio during this alt sale. Some alts move with BTC as it bounces from a comeback and others move after. The RSI has hit oversold levels and its time to add to the bag. Thanks again everyone!
This is not financial advice. Do your own due diligence.
Polkadot Future is BrightFast update.
- Let me be clear on Polkadot, we didn't break any up trend while BTC was dipping.
- As you can see on the Graph DOT bounced on his trend (White Line) ( Actually EMA100 / 1D TF).
- Acala Network Won first Parachain.
- Second Parachain Round just started.
- Don't forget that Polkadot huge ecosystem, not same as Solana (Smaller), it will take more time but the long term finality could be impressive.
- Unless TheKing not fails Polkadot won't dip more, like most of all altcoins.
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Trade Plan Unchanged
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TP1 : 75$ ish
TP2 : 100$ ish
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i will add in comments olders analysis.
Stay S4fe and follow the King!
Happy Tr4Ding !
After seing the reaction today, I am making a punt on DOT.Hi folks!
After seing the mad reaction of the tapering today (obviously people believe inflation will outrun interest rates and then make no negative impact on the economy along the way!),
I am going full T.A. (=MAD) and placing a long on DOT with my profits from my VIX trades.
It is important to say that I strongly believe in a massive crash in financial markets soon, so this is just a very short-sighted punt based on nothing but T.A.
T.A. picture is clear in dot: MFI turned green at the same time as we have a golden cross on the 1D in DOTUSDT.
My bet is 5x DOTUSDT perp futures at 26.6 with SL 24.9 and TP 45 (probably closing this or get liquidated before 45).
DYOR.
NFA.
I wish you all well!