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Polkadot

DOTUSD: want me some hotdotsI have wanted to accumulate some DOT for a while adding to my portfolio of layer 1 bags but for some reason other names have always been at a more attractive price point and Dot always seems to make a lower high. So, I have always backed out of buyin. Dot has bounced off of last low (didn't make a lower low by fraction of pennies) but most likely won't hold it. According to my Elliott wave count, now would be a good time got get some. If price falls into the rectangle box area, I will add 1 or 2% of my portfolio to Dot and stop loss will be at ATL, so pretty good risk/reward. If price starts to move upwards, then $5.7 lower high area will the spot to watch. I will get some at a higher price if there is a new uptrend. I like how this project enables defi but the current regulatory landscape might be working against it. At any rate, I think it is a good project and I want to hold some for long term.
BITFINEX:DOTUSD
by mukit1
Polkadot - key levels - investmentI think $4.585 is a perfect long-term buy zone. Dot has a monthly rangetrend that supports the upward move and some levels. 1st target - would be in the area of ​​monthly resistance at the price of $7.42 - almost 60% profit. 2nd target - would be in the area of ​​weekly resistance at the price of $8.54 - almost 85% profit. If the Polkadot price never reaches this weekly support, you can buy at $5.55 for 30-40% of your budget, and if the price drops to $4.585 , you can buy the rest.
Long
by Tonic_A
POLKADOT long idea Amidst the crypto realm, Polkadot reigns, A chance to profit, with its upward gains. With DOTUSDT.P, a long position may be, Based on channels, Fibs, and Stochastic RSI, to see. As parallel channels guide the way, And Fibonacci levels set the pace, Stochastic RSI shows its face, A buy signal flashing, with a steady grace. The trendline dips, to Fib 0.786, But from there it may rise, like a phoenix from the abyss. With Stochastic RSI at its bottom, The potential for a breakout, cannot be forgotten. So here's to the long idea, for DOTUSDT.P, A chance to thrive, a chance to be free. With channels, Fibs, and Stochastic RSI to see, A winning combination, for profits to decree. Potential Targets TP1 5.95-6.03 area TP2 6.98- 7.02 TP3 8.05 and above SL 4.28
Long
by DepecheGST
DOT is on the Verge of its Next Bull Rally | Polkadot Analysis💎Dot is currently positioned near a pivotal support area, having engaged with it on two occasions, signaling potential future movements. 💎At the moment, Dot finds itself within a zone of high demand. If it remains above this region, we might be on the cusp of a bullish ascent. 💎However, should it waver, a bullish trend may only emerge after revisiting the lower order block. 💎On closer inspection, we observed a phase where demand morphed into supply, resulting in a discernible price decline. 💎Looking forward, a distinct supply zone paired with a bearish order block is evident. There's a strong likelihood that Dot will undertake a bullish route to rectify this disparity. 💎In the ever-evolving crypto landscape, staying updated and versatile is paramount. Keep an eye out for further insights and savor your trading adventure.
Long
by MyCryptoParadise_Nathan
BITCOIN SHORT TECHNICAL POINT OF VIEW From technical analysis point of view I would say that in next couple of weeks we can expect that price will reach 33.000$. Everything above 33.000$ is my area for placing sell orders. There are gaps which has to be filled. Every trendline should have at least 3 touches. From my analysis I can see that gap fill, perfectly connects with the 3rd touch of upper trend line. These gaps fills are also at 18.380$ ,14.280$ and 12.480$. 12.480$ is my target for next next couple of months. PSYCHOLOGICAL POINT OF VIEW Put yourself in head of other investors. Ask yourself: How are they thinking at this moment? Where they are placing their orders? Are they placing buy orders or sell orders? Are they expecting lower prices or higher prices? . . . I would say that currently we are in the phase of uncertainty. We need big push to the upside or big push to the downside to "trick" investors aka. create manipulation of the market which will cause placing more orders on false short term pump or dump which will reverse in much bigger move in right direction. FUNDAMENTAL POINT OF VIEW Regulation of cryptocurrencies will definitely affect markets. A lot of crypto projects will die through regulation process. I think we will hear a lot of bad news coming out before we start a new bull run. We need capitulation (big fall of prices) which usually is more than 30% in a single month. This capitulation will be the answer of bad news coming out. This is only my opinion what we can expect in next couple of months before new bull run. Nothing in this post should be used as financial advice.
BITSTAMP:BTCUSDShort
by Cognitiq
DOT/USDT Technical Analysis: Ideal Zone for Potential GAINDOT/USDT Technical Analysis: Potential Accumulation Zone for Long-Term Gains Current Price: $5 Chart Analysis: DOT is currently trading well below its all-time high, presenting a potential opportunity for investors. A notable observation is the historical pattern of a 10x pump after a breakout from the last accumulation zone in 2020. Present Situation: The price has once again approached a similar accumulation zone, indicating the possibility of further downward movement. However, this could serve as an advantageous entry point for the next bullish phase. Long-Term Strategy: Consider accumulating DOT between the price range of $5 to $3. This range could provide a strong foundation for significant gains in the upcoming bull run. Projected Targets: While aiming for a new all-time high might be ambitious due to potential bag holders from the previous cycle, several target price levels could be lucrative: $10, $16, $23, and $31. Cautious Approach: It's essential to exercise caution and conduct thorough research before making any investment decisions. This analysis is a personal perspective and not financial advice. Thank you for reading.
Long
by CryptoPatel
5
Polkadot upward momentum !🚀 🔥 DOT today analysis 💎 It's currently hovering around a key support zone, having touched it twice, indicating potential moves on the horizon. 💎 Presently, Dot is nestled within a demand zone. If it sustains above this zone, we could witness a seamless bullish trajectory. However, if it falters, a bullish move might only materialize after a retest of the lower order block. 💎 Digging deeper, we've noticed a shift where demand transitioned into supply, leading to a notable downward shift in price. Ahead, there's a clear supply zone accompanied by bearishOB. It's highly probable that it will embark on a bullish journey to address this imbalance. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
DOTUSDTThe presence of supports at 5.26 and 5.24 indicates that traders have shown interest in buying DOT at these price levels, which may help limit further declines. The resistances at 5.31 and 5.37 show that DOT may find it difficult to overcome these price levels, and traders may consider taking profits around these values. A cross of the MACD lines to the downside suggests that the uptrend may be temporarily losing steam or undergoing a correction. The formation of the perfect bullish trough indicates that the DOT bullish trend is still valid and may offer a buying opportunity, especially when the price is close to the lower edge of the trough. Supports: 5.26 and 5.24 Resistances: 5.31 and 5.37 MACD Indicator: Lines Crossing Down Price Pattern: Formation of a "perfect bullish trough" with the DOT near the bottom edge.
Long
by ferulianov
Polkastarter Must be taken Seriously and Invested Now 22/02/2021polkastarter as the next step for truly interoperable DeFi. A Protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard. In order to leverage advantages, smooth interoperability between various networks is a key to success. The killer feature of Polkastarter is the possibility of making cross-chain swaps, powered by the Polkadot ecosystem, which can provide higher throughput for faster and cheaper transactions while staying connected to the Ethereum Network and other blockchains for liquidity. Other features include permission less listings, token swaps by smart contract, private pools with password, whitelisting and high slippage price alerts. Pools will have several types of swaps, including fixed ratio swaps, dynamic ratio swaps, dutch auctions and even sealed-bid auctions. Technical: we may see some retracing and bearish move down but it is ultimately will raise and rally as this protocol is very essential and we can target the Fibonacci expansions as our coming targets there are total of 2 TPs which one is blow the ATH and the other is above it and can be counted as a starting place
Long
by BitonGroup
25
DOT Polkadot Double BottomIf you haven`t sold DOT here: Now DOT (Polkadot) has exhibited a promising chart pattern with the formation of a double bottom, signaling a potential bullish reversal. This pattern suggests that the selling pressure has been absorbed, potentially paving the way for an upward price movement. With the double bottom formation in place, DOT has the potential to experience a significant rally, and your first price target of $6.25 seems attainable. As market sentiment improves and buying interest increases, DOT could see notable upward momentum. Looking forward to read your opinion about it!
Long
by TopgOptions
Polkadot DOT price completing the formation of "Double bottom" ?Today's idea will be described based on the assumption that the DOTUSDT price has been forming a global trend reversal through "the Double Bottom" pattern for the past six months Looking at the chart, we can say that DOT was actively bought around $4 in early 2023, in June 2023, and in the fall of 2020 just before the start of the bull run. However, at the moment, the DOTUSD price has rebounded from "the bottom" relatively weakly, so buyers still have a lot of work ahead of them. The first stage of the struggle between buyers and sellers may start around $6 The second stage, which is probably the most difficult, is to break through and fix the price of the Polkadot token above $8 The third stage is the daily dynamic growth of the DOT price in the range of $8-15. On the growth, on increased trading volumes, the "big money" will sell at least part of their DOT stocks, and the "little money" will buy and buy them. Why? Maybe because there will be a new series of news about the latest super application of parachains from Polkadot or something like that) However, it will take at least a few more months for our rather optimistic assumptions described above to come true. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
33
PolkaDot Chart Analysis Polkadot Update Good news for #DOT enthusiasts! Despite a dip below the 20-day Exponential moving average at $4.95 between June 27 and June 30, the bulls held strong positions, indicating strategic buying at a lower price. MIL:DOT The current focus for #PolkaDot bulls is to break and sustain the crucial resistance level of $5.56. Once this barrier is conquered, the DOT/USDT currency pair is expected to soar towards $6/$7/$8. However, reaching $5.564 may attract substantial short-selling pressure. Nonetheless, as long as the bulls prevent the price from dropping below $4.70, the chances of a rebound towards the downward trend line significantly increase.
Short
by CryptoPatel
3
Polkadot Targets For 2024-2025ETHEREUM CLASSIC COMPARISON Ethereum Classic is a coin from around august 2016. It had its first bull run in 2017/2018. It had its second and most powerful bullrun in 2021, when it made an approximately 53x from its (double) bottom. Coins that were "new" during one bull cycle often perform best in their second, more mature bull cycle. What can be observed with ETC, can also be observed with LTC, ADA, and plenty of other coins that had a first good bull cycle, but an even more impressive 2nd. After the 2nd cycle, the returns tend to diminish because of saturation, large amount of bagholders, and a larger marketcap. POLKADOT Polkadot is coincidentally a coin from around august 2020. It launched just in time to participate in the 2021 bull cycle. According to some, it under-performed compared to other cryptocurrencies. As of July 2023, we can observe a double bottom pattern on the weekly BINANCE:DOTUSD chart, with the 50 weekly MA also flattening out, which is a positive sign for bulls as it shows a weakening bearish trend. Polkadot's BTC ( BINANCE:DOTBTC ) pair is also extremely oversold on the weekly chart. PRICE TARGETS Looking at COINBASE:ETCUSD , we can see that Ethereum Classic had a blow-off top to the 3.618 fib level in may 2021, reaching a price of over $165 dollars, or a 53x from its bear market lows. If Polkadot were to perform similarly, it could potentially reach a price of $193, corresponding with its 3.618 FIB level. A 53x from its bottom would give us an approx. price of $220 per DOT sometime in 2024 or 2025. PRELIMINARY TARGETS FOR DOT Polkadot does not have extensive price history like bitcoin or ethereum classic. One of the most important indicators to watch is its 50 day weekly moving average, which currently sits at around $6.14. This price correlates with important horizontal S/R levels. If DOT manages to break past this level, which it currently is not far removed from, then we can expect a rapid appreciation of price. Targets to watch after breaching this level would be between $14 and $23. WEN ATH? I believe Polkadot's new ATH will coincide with that of the broader cryptocurrency markets. I believe Bitcoin will reach a new ATH between april 2024 and january 2025, so I expect DOT to reach a new USD-ATH within this same timeframe. POLKADOT IS SAFU Polkadot was one of few major PoS (Proof-of-Stake) cryptocurrencies not in the SEC's filings against Binance and Coinbase. This has to do with Polkadot/Web3 Foundation having successfully morphed Polkadot to become software, rather than a security. What sets Polkadot apart from other coins/projects such as ADA, Cosmos, etc. is that Polkadot was actually originally registered as a security. The teams behind the decentralized Polkadot project are doing everything according to US securities law. This could prove to be beneficial from Polkadot during the upcoming bull cycle. POLKADOT IS THE MOST ACTIVELY DEVELOPED BLOCKCHAIN Polkadot is one of the most actively developed blockchain, rivaling Ethereum and Cardano. Polkadot is an ecosystem and the people behind it are extremely talented and passionate and focus more on building rather than worrying about the token's price. Gavin Wood, the creator of Polkadot, is also one of the co-founders of Ethereum. The Web3 foundation is behind Polkadot – in fact, Polkadot is their flagship protocol.
BINANCE:DOTUSDLong
by couldntcomeupwithone
4
The 4.605-5.408 section corresponds to the buy sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTUSDT chart) The 4.605-5.408 section corresponds to the buy section. Therefore, it is necessary to check whether it is supported and rises in the 4.605-5.408 section. However, since the HA-Low indicator on the 1M chart is formed at the 6.640 point, it is recommended to take an aggressive buying approach. 1st: 6.280-6.640 2nd: 7.530-7.860 3rd: 9.262 Split selling is possible when there is resistance around the 1st - 3rd above. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
Bullish Momentum and Important Resistance LevelsThe resistance range of $5.14 - $5.37 is being examined for DOT. If the price surpasses $5.37 level, it indicates a bullish signal, propelling it towards the resistance zone of $5.6-$6.00. The supports are 4.70 and 4.37 levels. The RSI level for DOT is currently at 68. The RSI is a momentum oscillator that measures the speed and change of price movements. A value of 68 suggests that DOT is experiencing relatively strong momentum and may be approaching overbought conditions. Traders and investors often consider RSI levels above 70 as an indication that an asset may be overbought and due for a potential price correction.
by MonoCoinSignal
2
📉 Descending Broadening Wedge Spotted on $DOTHey traders! Today, I want to share an exciting chart pattern I've identified on MIL:DOT (Polkadot). Let's explore the descending broadening wedge and its implications for potential price action. 📊💡 Pattern: Descending Broadening Wedge 📉🔽 Symbol: MIL:DOT 💰 Overview: A descending broadening wedge is a distinct chart pattern characterized by expanding price swings within converging trendlines. This pattern suggests increased volatility and the potential for a reversal. Let's dive into the descending broadening wedge pattern on MIL:DOT and assess its significance. ⚡💹 Key Features of the Descending Broadening Wedge on MIL:DOT : Expanding Price Swings: Notice the widening price swings within the converging trendlines, creating the broadening pattern. This indicates growing volatility and potential market dynamics shift. 📈📉 Reversal Potential: Descending broadening wedges are often considered as reversal patterns, indicating a possible trend change. It's crucial to monitor price action for confirmation. 🚀📈 Trading Strategy: Entry Point: Consider entering a position once MIL:DOT breaks out above the upper trendline of the descending broadening wedge. This breakout could signal a potential reversal and the beginning of an upward move. ⬆️💰 Stop-Loss: Implement a stop-loss order below the lower trendline to manage risk and protect against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Maintain proper risk management techniques, including position sizing, setting stop-loss orders, and adhering to your trading plan. Be aware of the risks associated with trading cryptocurrencies like $DOT. ⚠️💼💡 Disclaimer: Trading cryptocurrencies involves risks, and it's essential to conduct thorough analysis and seek professional advice before making any investment decisions. #DescendingBroadeningWedge #DOT #Polkadot #Cryptocurrency #TrendReversal #TradingStrategy #TechnicalAnalysis #Volatility #RiskManagement In conclusion, the descending broadening wedge pattern identified on MIL:DOT indicates a potential reversal in the making. However, it's crucial to wait for a confirmed breakout above the upper trendline before considering any trades. Stay tuned for further updates on $DOT! 💹🚀 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
1