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Polkadot

DOTBTC 2023 outlook Polkadot price actionTime to look at my favourite altcoin and it's pretty dismal perfomance over the last year agaisnt BTC I've outlined my basic outlook on the weekly chart using candle stick closes and Log fibs. Coincidentally its touched the .886 retrace to the T. Typical sign of weak altcoins to retrace all the way back to the .886 level. I'm pretty confident the bottom for DOT/BTC is in based on this and the fact that its nearly an 80% correction from ATH vs BTC My mid term outlook is bullish (for a change) Looking at best case scenario retrace up to .618 from ATH placing it at the .0004830 sat region I've marked out 3 different TP below and above this level respectively as I've become accustomed to DOT usually underperforming against market competitors. So my TP is more conservative vs others. With the exception of TP3 being higher as I see this as an ATH for this market cycle Some thoughts on DOT Personally this is my favourite altcoin of them all. Admittedly one should not have emotion when it comes to trading as we're all here to make money and not love My bias is fundamentally based and I will probably always keep staking my DOT from my ledger for years to come Point 1 - Its not a security, this gives institutional interest and clarity on adding it to their basket or portfolio Point 2 - Highest DEV activity compared to other L1 : Link : www.thecoinrepublic.com Point 3 - Interoperability (future proof) Point 4 - Staking offline (my personal favourite) Point 5 - Gavin Wood (some food for thought for the ETH maxi's) There are more use cases to be made however one can only consider an argument valid if you can argue from both ends, So my concern for this project is as follows: Point 1 - Concensus mechanism too slow. One of my dear friends informed me they wanted to launch TAO on their parachain but it was too slow for their timeline, in turn they self funded the crowdloan Point 2 - Inflation. As great as APR is with Staking this shows inflation in the ecosystem and given that DOT has no FINITE market cap it can dampen price action in future I'll be adding my DOT/USDT analysis to this post and updating it over time. As this is afterall my favourite ))
Long
by Andy1GP
1
🔥POLKADOT IS GOING TO PUMP AFTER THE PULLBACK! $10 IS A TARGET.🔥Hi, friends! Polkadot is squeezing to the trendline and trying to break it down. I think that one more pullback from the trendline is highly possible and the breakdown will happen soon. Bitcoin feels so weak and a fall to $ 25-27k is almost inevitable, so the 99% altcoins will follow BTC too, including DOT. 📊 TRADING PLAN FOR DOT: 1. squeeze and breakout of the trendline down 2. test the $5.75 key level as the support 3. volume growth 4. bullish BTC ✅ THE MAIN TARGETS FOR DOT: 🔥 $6.7 - the local highs 🔥$ 7.9 - the key level and local highs 🔥$ 10 - the key level and even number 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
DOTUSDT 2H Polkadot price has rebounded within the HKEX:6 ,239- HKEX:6 ,586 range, returning to the short/medium term uptrend. Invalidation of bullish move will occur if DOT fot chasing MM200 at $6.264 First resistance level for Polkadot is $6.49, break should come at 6.59. A breakout of this barrier could take DOT to levels of $8.79. Let's see how it unfolds as polkadot could start an impressive recovery soon. Supports for DOTUSDT: S1 6.39 S2 6.264 Resistances for DOTUSDT: R1 6.49 R2 6.59 MM200: 6.264 EMAS: Pointed upwards, the asset usually follows the direction of this powerful indicator RSI: Exhaustion of Buying Forces.
by ferulianov
Keep your eyes wide open on PolkaLong time since I posted anything but IDK i felt like i wanna do it again after couple years i guess. I became more Economically oriented since that's my field of study and that's what i am obsessed with the most. Generally speaking i don't trust any kinda of analysis anymore as i was before but i trust the psychology of market which the analysis of the charts create, non of the crypto will go up till the some certain stuff that goes in world settle down a bit but if i am gonna say one thing it's gonna be " Any one buys crypto right now he publicly announce that he is shorting - betting on - the entire world's bank system ". Till the next time, maybe after another couple years " Who knows ".
Long
by MGendyy
Indicators Point to Potential Bullish MomentumPolkadot (DOT) is currently trading at $6.190, with a slight increase of 0.67% over the past 24 hours. Not bad, not bad at all. But what does this tell us about the future of DOT's price? Well, let's start with the Fibonacci retracement levels. The 0.5 Fibonacci retracement level is currently sitting at $5.922, and it has been acting as a strong support level recently. Meanwhile, the 0 Fibonacci retracement level is at $6.698, and it could potentially act as a resistance level. When we take a look at the Bollinger bands, we can see that the upper band is at $6.528, the middle band is at $6.195, and the lower band is at $5.861. So, it seems like the price is pretty much hovering around the middle band, which could indicate a neutral stance. But wait, there's more! The RSI is currently at 49, which is a sign of neutrality as well. However, the Stochastic Oscillators are at 54, which could indicate a potential bullish momentum building up. The MACD is currently at 0.031, which is another sign of a potential bullish movement. And let's not forget about the EMA 50, which is currently at $6.201 and could act as a potential support level. Now, let's talk about the volume. The Volume Oscillator is currently at -19.66%, which means that the volume has decreased, indicating a potential lack of interest from buyers or sellers. So, what does all of this mean? Well, it seems like the price of Polkadot is currently in a bit of a neutral position. However, with the Stochastic Oscillators and MACD suggesting a potential bullish momentum building up, we could see a price increase in the future. If the price manages to break above the 0 Fibonacci retracement level at $6.698, we could potentially see a bullish movement toward the next Fibonacci level at $7.691. On the other hand, if the price breaks below the 0.5 Fibonacci retracement level at $5.922, we could potentially see a bearish movement toward the next Fibonacci level at $5.145. So, there you have it. While the current price of Polkadot may be neutral, there are several indicators that suggest a potential bullish movement could be on the horizon. Only time will tell, so let's sit back and see what happens.
by MonoCoinSignal
5
Polkadot - DOT breakout patterns🔵🟢🔴👀We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀 That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨 Have a great day dear Crypto Nation😎 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:DOTUSDLong
by Crypto4Everybody
DOT/USDT Chart Analysis Predicts Bullish Trend and Potential forDOT/USDT Chart Analysis Predicts Bullish Trend and Potential for New Highs:- Greetings traders, I would like to share my analysis on the #DOT/USDT chart with you all. As of now, DOT is trading at $6.35, and my analysis shows that the coin has bounced back from its $0.618 Fib Retracement level, indicating a bullish trend with the potential to hit new highs. Therefore, I am expecting an upward move before witnessing a potential down wick. I have also confirmed the trend by double-verifying that it will break its triangle pattern. My entry point for this trade would be around $6, with targets set at $6.7, $7.30, and $8, respectively. I have set my stop loss at $5.74 to limit potential losses. It's important to note that trading involves a certain level of risk, and it's crucial to assess your risk tolerance before entering any trades. In conclusion, I believe there is potential for profits to be made in this trade, and I encourage you all to keep an eye on the DOT/USDT chart for any potential trading opportunities.
Long
by CryptoPatel
2
Polkadot | Getting Ready for Wedge Breakout..!! #POLKADOT #DOT (Analysis) DOT has been Consolidating in Falling Wedge since January 2021. Seems like It's already Bottomed out& Ready to FLY but Not out of the Woods yet. Bulls need to Clear the Multi-Year Descending Trendline to Confirm the Wedge Breakout. Once Breakout Happens, Expecting +250-270% Bullish Rally in the Midterm. What is Polkadot (DOT) ? Polkadot is a blockchain platform that improves scalability, security, and interoperability. It uses a multi-chain architecture allowing customized blockchains to communicate in a unified network. DOT is the native token used for governance and staking. 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..!!
Long
by Faibik
✴️ Polkadot Same Pattern & Elliot Wave Theory For EntertainmentThis is getting repetitive but let's do it, it will be worth it once we get the results. Now, the 5-Steps Pattern is not the Elliot Wave 5-Wave Up bullish impulse. I made the 5-Steps Pattern on the go to explain the current market situation. The EW impulse is the classic 1-2-3-4-5 wave pattern while the current market action can be explained in any way. The low in December, the start of a bullish wave in January, the correction ending mid-March which matches Elliots Wave 2 and the resumption of the bullish move, which coincides with Wave 3 of an 5-Up Wave pattern. (Count 1) This is what we are looking at on the Polkadot (DOTUSDT) chart. What you see depicted is a potential wave count. It can vary, look at Wave 4 on the following chart: (Count 2) See the huge difference? That's why people will hide the waves as shown on the main chart. Wave 2 is a simple correction and so Wave 4 should be complex and thus we would have to go with "Count 2", this is based on the law of alternation (we are talking full Elliot now). Going with this scenario we would have to break our view of a top in April and experience additional growth through May and maybe even June. This is a possibility we are fully open now as the closure of banks and the attacks on Bitcoin/Cryptocurrency will only make this bullish wave stronger. If people can't sell easily they will simply hold long-term. Bitcoin's next All-Time High is now set for a minimum of $250,000+. We were aiming for $185,000+ inflation, data not yet published, but as things develop it is likely that by next year the potential will be $500K or even more. The world is about to change forever and ounce the Fed CBDC is launched they will be doing helicopter money special edition, Covid handouts will be a joke compared to what is coming. DOTUSDT is trading above MA200 and looks ready to grow. Unless we get a sudden crash tomorrow we are set to experience higher highs and higher lows... For years to come. Namaste.
Long
by AlanSantana
1
6.640, an important point for the long termHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTBTC 1W chart) The question is whether it can move above 0.0002 728 and break out of the downtrend channel. If not, it is expected to lose the power to rise even more. ---------------------------------------------- (DOTUSDT chart) (1W chart) You need to rise above 7.530 to get out of the bottom section. If the price holds above 10.131, we expect a full-fledged uptrend. To do so, the key is whether the price can be maintained above 5.192. (1D chart) We need to see if we can get support around 5.956 and move up along the uptrend line. If that fails, you should check for support around 5.674. At 6.640, the HA-Low indicator on the 1M chart was created. Therefore, if it rises to around 6.640 and is confirmed to be supported, I think it is possible to buy from a long-term perspective. However, it is expected that we will need to stock up on strength to break through the 7.530-10.131 section upward, so we need to calm down and proceed with the purchase slowly. -------------------------------------------------- ------------------------------------------- ** 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
✴️ Polkadot Still Early, Can Go Above $25We've been tracking this pair for a while now, DOTUSDT and yet it is still early. Notice here how the current weekly candle trades below EMA10 and EMA21, this is set to change and we will see the current price action happen above EMA50 and EMA100. Notice the rising RSI and MACD as well as the reversal candle printed last week. This is all pointing higher. Polkadot is still early, many more opportunities showing up each day. Patience is key and the market pays. Namaste.
Long
by AlanSantana
2