Accumulating XLM & DOT -Fractals show PROFITSHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If I haven't already told you, Happy New Year 🥂
I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low or in accumulation zones and altcoins that are known to pump and dump independently of the overall market trend ( bearish or bullish ). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XLMUSDT / Stellar and DOTUSDT / Polkadot .
Incase you missed yesterdays gems, XRP and LTC , find the analysis here : 👀
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Polkadot
DOT/USDT Good days are comingAs you see in this analysis, Polkadot will be one of the best profitable coins in the coming days.
The reasons are:
We have reached the monthly demand in control zone and we have pulled back to it for the first time (FTB).
We have reached the bottom of the downtrend weekly channel.
We saw the falling wedge pattern in the daily timeframe and its break out is imminent.
DOT hitting my targetI had this 2 targets for accumulating DOT and as you can see the first one has been hit, however if you check BTC I really don't think this dumping is over (here the weekly chart: ). At this point I'm not gonna buy because I expect my second target to get hit (3.68 $USDT).
This is not the bottom but we're close... let's see if I'm right!
Good luck
Polkadot - DOT lost important volume profile support at $4.60👀PolkaDot lost important volume profile support at $4.60👀
Next lower volume support at $3.90 - if it breaks a lack of volume will lead DOT to $3.15 - logFIB 78.60%
First bullish signs for DOT after breaking above $4.60 and logFIB golden pocket again.
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
#Polkadot Sinks 24% as DOT on the Brink of Losing $4.2Past Performance of Polkadot
The Polkadot selloff of the last few weeks has seen the coin drop 24 percent from December highs. As it is, the downtrend remains visible, and sellers are in a commanding position. The primary support is at $4.2, and bulls need to reclaim $4.6 for uptrend continuation.
#Polkadot Technical Analysis
There are hints of strength, reading from the performance in the 4HR chart. With support at $4.2, DOT has been printing higher highs relative to the lower BB. Despite this expansion, trading volumes are low, and the uptrend is slower than expected. Besides, since DOT is within the bear range of mid this week, sellers have the upper hand from an effort versus result perspective. Technically, traders can unload on every high below $4.6, expecting a retest of $4.2 with the possibility of trend continuation to $3.6.
What to Expect from #DOT?
The downtrend is defined, and buyers are struggling as the bear market bites. Until DOT clears $4.6 with rising participation levels, sellers will remain in control aiming for further drops to the critical support at $3.6.
Resistance level to watch out for: $4.6
Support level to watch out for: $4.2
Disclaimer: Opinions expressed are not investment advice. Do your research.
It is approaching its initial listing priceHello?
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Have a good day.
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(DOTBTC 1W chart)
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(DOTUSDT 1W Chart)
(1D chart)
This time HA-Low is falling and is looking to spawn at 4.514.
Therefore, it is important to be able to rise with support in the 4.514-4.605 section this time.
As you can see from the DOTBTC chart and the DOTUSDT 1W chart, there is no upward force and it is approaching the initial listing price.
I think there is little you can do in this situation.
Therefore, I think it is better to wait for the trend to turn into a short-term uptrend.
To turn into a short-term uptrend, it means when MS-Signal, which was holding the price higher than MS-Signal, turned into an uptrend.
To do so, it must show that the price is maintained at least in the 4.514-4.605 range or higher.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Long DOT vs USDTWe can see DOT is forming a triple bullish divergence on 1H and that is usually a pretty good sign for a long in crypto.
DON'T RUSH THE TRADE.
For confirmation, first we want to see the price to go back above $4.42 and hold. That will be my trigger.
Stops will be at the last low at $4.37.
This is a short term trade, I believe DOT will go lower in Q1 2023, so take profits if the market gives them to you.
💰Buy Polkadot (DOT) at the best place and price✨🔰You can see Polkadot's crypto analysis in a 30-minute time frame (DOTUSDT_ 30min) 🔍🎁
💥Considering that the price has been able to break the Down trend line🖤, if the price can reach the DEMAND zone and the Down trend line🖤 to pullback, it can rise up to the SUPPLY zone🔺🚀
Do you think this analysis can be profitable🧐❓
I hope the analysis was useful for you🤍🌹
________📈TRADER STREET📉_________
DOTUSDT 1H** High figure misconfiguration!! DOT lost the bullish channel in the 1h time frame and now needs a buying impulse, which can be given by the RSI which is indicating oversold.
DOT is the lifeblood of an ecosystem that can best be defined as a Hugb of blockchains that are the parachains. It is one of the ecosystems with the highest amount of programming input. Unfairly underrated.
Here are the supports and resistances:
S: 4,474 / 4,411
R:4,593 / 4,61 / 4,687
DOTUSDT 1HDOT has started a discrete bullish channel in pursuit of MM200. At the moment it is stuck between the median of the keltner channel and the MM100, but with the RSI indicating the exhaustion of selling forces, we will likely see DOT heading towards the upper edge of the Keltner channel and then upper edge of the bullish channel. If we break this channel down, we could reach a support at 4.52.
DOT is the lifeblood of an ecosystem that can best be defined as a Hugb of blockchains that are parachains. It is one of the ecosystems with the highest amount of programming input. Unfairly underrated.
Here are the supports and resistances:
S: 4,545 / 4,411
R:4.67 / 4,668 / 4,746
DOT (Y22.P4.E2).Macro bottom Hi Traders,
My thoughts based on current sentiments, channel, MA on the weekly and how we lost the important level of 1.618 fib extension so along with other methods, my green zone is likely to be accumulation and if the capitulation happens with the main markets like SP500, then the red zone could be possible.
All the best,
S.SAri
🔥IS IT TIME TO SELL ALL YOUR DOTS❓ WATCH THIS PLAN❗🔥 Hi friends! Polkadot is feeling weak that is why I make for you 2 trading plans even with a short trade.
📊 THE SHORT TRADING PLAN FOR DOT:
1. return to the mirror level $5
2. possible false breakout of the local highs
3. bearish BTC
✅ THE TARGETS FOR SHORT:
🔥 $4.5 - key level and even number
🔥 $4 - the key level and even number
🔥 $3.6 -3.7 - the key level
🚩 If there will be no pullbacks down with the liquidity collections at $4.5, the price has a more chance to fall after the growth to the $5 mirror level.
✅ If DOT will make a false breakout at $4.5, so the bulls have more fuel and possibility to hold the price above the $5 level and push the price to our targets:
🔥 $5 - the mirror level and strong resistance
🔥 $5.2-5.35 - the point of control and resistance
🔥 $5.73 - the key level
🚩 Bullish BTC is a must-have in case of long.
Traders, let me know your thoughts on DOT. What scenario is more probable for this altcoin? Write in the comments!
💻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.
$DOT : POLKADOT Road Map$DOT
On a Weekly Chart
LONG POSITION -MOMENTUM STRATEGY - SWING
11.30.22
0913H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
Forecast Entries for a BULL SWING.
Smart money wants a REBOOT of 2018 and all is possible for the forecasted entries based on numbers and the character of the market Let us see how price action reacts on a DAILY chart .
Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created using data on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume , Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern 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 my knowledge.
Vive Le Autist!
DOT – bear market bottom soon!Hello, everyone!
Today we are going to consider the altcoin which has already broken all possible support levels – it’s Polkadot.
Let’s take a look at the 1D time frame of the DOTUSDT chart of the WhiteBit exchange. First of all we have to notice that the price is forming the final wave 5 which is represented as the ending diagonal. I made this conclusion because we have the support and resistance trendlines which form the “falling wedge”.
The internal structure of the wave 5 is going to be the entire Elliott wave cycle the sub waves 1 and 2 have been already finished. Now we are in wave 3. It has the natural target 1.61 Fibonacci extension, approximately at $3.5. I am going to buy this asset there with the full position volume, considering it as the bear market bottom.
Best regards, Ivan
POLKA DOT MASSIVE HEAD AND SHOULDER !!CRYPTOCAP:DOT
after getting rejection from 10B marketcap polka dot seems to be forming an Head and shoulder pattern on 12 hour timeframe could be seen on other lower timeframe as well.
the point I am trying to make here is next month is September. which is not really good for for crypto statistically speaking. (though anything could happen)
I am looking to buy polka dot under $6 which is really great opportunity for long run. we could see polka dot close to $3-$4 in lowest time of the market. which is still a healthy correction for next run.
we are not going to make new All time high up until next year I think.
i am now waiting for neckline to break and i will put a massive $1 MILLION worth of trade :)
Happy trading