DOT REVERSAL FROM A STRONG SUPPORT ZONEDOT has to flip $41.67 and go to $44, $46 and $48 (shorterm). DOT after a massive sell-off found the support at a strong uptrend trendline.
We have a bullish harmonics on daily timeframe with the strong trendline support.
As long as we hold this low we're moving up!
For longterm I see no reason for Polkadot to not hit $100 - $170 mark!
Let the final mega cycle begin and the real show will get started Handshake
Accumulate the dips while you can and when you can!
If you liked the idea, give it a thumbsup!
DOTUSD
Polkadot Schemei never been a moon boy but i like to predict hope.
Everything is always depending on theKing but if we get a new bullish impulse before next year, DOT could follow his master this way.
Remember to manage your invests, Don't go all in, follow BTC movements, keep money to rebuy in case of fail.
The Key is yourself.
This chart is still conservative in the numbers to reach.
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Trading Parts
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TP1 = 75$ ish
TP2 = 100$ ish
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Happy Trading
Dot is at the bottom of its ascending channel.RSI also shows a divergence, which is a good sign.
I think $55 is a reasonable target for Polkadot and if it breaks with a good volume, we will see a price discovery around $70.
But these targets need two prerequisites:
1. Bitcoin must be bullish or stable.
2. Dot needs to maintain its uptrend to break the $48 ~ $50 resistance.
Educational. How to trade a broadening wedge pattern? In this video:
* How to spot and draw a broadening wedge pattern.
* What constitutes an official broadening wedge pattern.
* Is the pattern bullish or bearish?
* What is the probability of breaking down vs. moving further up?
* How to measure target down and how to measure target up?
* Other notes to make on how to trade.
DOTUSDT , We expect this kind of moveHello everybody
Acccording to our last and previous analysis , You watched the trend line is upward and in daily time frame we hadnt any signal for change trend and now we wanna be ready to move up , in daily analysis we are in support powerful zone and we expect that the price will support in here and is moving to go up and reach to last ATH
Dot is one the most powerful project that the founder of it : Dr.Gavin Wood
You know who is he ?
But becareful and dont forget to use your stop loss and attention to money management
Previous analysis :
Good Luck
Abtin
Dot With a bit of delay is retesting the weekly IHnSWeekly inverse head and shoulder
as I said on my previous prediction is perfectly retesting the sloppy trend Line at 39ish$, what could happen for now on, just bitcoin can say it,
But with auction head, there’s a bright future for Dot ecosystem
The target still 69$ lots of resistence would be there waiting the bulls already tired of such a run
Enjoy the bull run
DOT POLKADOT Big Move Incoming! TARGET $600DOT played out a nice rounded top and corrected bouncing off the curved trend line. Its almost done its consolidation/correction and its on to the next big move up to about $600! This one isn't done yet so hold on to your hats. Not financial advice just my opinion. Thank you for checking out my chart, follow me for frequent updates and if you have any charts you would like me to look at please let me know. Happy trading and stay safe my friends!
MY MINIMALIST CHART ANALYSIS FOR POLKADOT$DOT
11.16.21
2353H +8 PACIFIC
ALERT: ENTRY POINTS
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
JUST DYOR ENTRIES. Watch for Price action/ RSI and STOCH, VOLUME, and FIBS. Set your tight stop loss as any geopolitical, natural/man-made calamities will change the course for our TARGET AREAS OF VALUES.
REMINDER:
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
You can CLICK AND hold THE CHART and PAN or DRAG IT.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!
DOT - ROI about 2.5x You might be asking, why is VET on this chart?
VET is pretty representative of most altcoins concerning its 12345 wave count. So, coins with a short history like DOT, I will plot them with VET, to find the 2, 3, 4 pivot points. Then I can throw a channel on them. Which is what I did with DOT.
DOT looks like it could top out around $130, maybe $150. So, the ROI is about 2.5x from here? Not really a big deal.
You can duplicate this method on a candlestick chart for DOT for more accuracy.
DOT - Don't Miss This Bounce!DOT has multiple factors indicating that we may be getting a bounce soon from the 38 level.
We have:
Structure
38.2 Fibonacci
Ascending Trendline
Trade Idea:
Watch for price to reject the level indicated and enter with stops below the ascending trendline.
Target: recent high for first TP and -0.27 for second TP
If we break below the ascending trendline, our bullish outlook will be invalidated.
Is Polkadot Ready To Rebound To New Highs?Polkadot pDOTn/USD
46.868+0.253 (+0.54%)
06:26:10 - Real-time Data
46.864
12:00
14:00
16:00
46.000
47.000
46.500
Technical Summary
5 Min:Strong Buy
Hourly:Strong Buy
Daily:Neutral
Monthly:Strong Buy
What is your sentiment on pDOTn/USD?
or
is sitting at a make-or-break point that could resolve to the upside as buy signals surface.
Key Takeaways
Polkadot is down more than 16% since the $55.20 all-time high of Nov. 4.
Now, prices have reached a critical support level that may serve as a rebound point.
As long as DOT holds above $41.40, it could target $89.35.
Polkadot could be gearing up for a sustained rebound toward new all-time highs, depending on DOT’s ability to hold above a crucial support barrier.
Polkadot Holds at Crucial Support
Polkadot looks ready for another rally despite the 25% correction it suffered shortly after hitting a record high at $55.20 on Nov. 4.
As excitement surrounding last week’s parachain auction launch intensifies, the number eight cryptocurrency by market cap has reached a crucial support level represented by the lower boundary of a parallel channel, which developed on the 12-hour chart since early July.
Every time DOT has dropped to this technical pattern’s lower trendline, it has rebounded, surging to the pattern’s middle or upper edge. From this point, it tends to get rejected, which is consistent with the characteristics of a parallel channel.
Similar price action suggests that the channel’s lower trendline will continue to hold and serve as a rebound point for Polkadot. Therefore, a spike in buying pressure around the current price levels could push DOT toward the channel’s middle or upper trendline. These resistance points sit at $60.60 and $89.35 respectively.
PolkaDot DOTUSD - HUGE Parallel Channel on the Daily chart- Polkadot - DOT - Rank #8 -Coin
- Polkadot is strong on the daily timeframe , as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance .
- Target top of the chanel or 1:1 fib extension on the daily chart .
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Due to my Elliott wave count, the correction is totally over and we can expect a higher prices!
- If you want to see more of these ideas, hit "Like" & "Follow"!