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Polkadot

Polkadot: 22% drop or $7 retest ?Hello all and thanks for your continuous support. As the entire market, so does polkadot headed south today. Currently trading inside a falling wedge pattern, the chances for breaking bullish out of this pattern are very little. As such, my bearish price target for this pattern formation is $4.70. This is our 161.8% fibonacci retracement level. The $4.7 is the lowest horizontal support level since December 2020. Keep an eye on the descending line of support of this falling wedge pattern sitting at $6. If we loose this level we are going to $4.7. This will be another 22% drop. If the price successfully breaks above the fib golden pocket we have a chance of retesting the $7. Thanks for reading, and stay tuned. Enjoy.
BINANCE:DOTUSD
by EdgarTigranyan
Ever seen a 🐳 w/ a POLKA #DOT tail? DOT/USD 12hr trade set up. Looking to go long if price action confirms $6.80 as support (Entry option #1). W/ a break down of $6.80 I will be looking to $6.44 to see if this level confirms as support (Entry option #2) Most Alts pose a bit higher risk at the moment due to the possibility of Bitcoin breaking down while it flirts with 19.3-19.5k but they also pose a higher reward. Entry 1: $6.80 Target 1: $7.90 Target 2: $8.60 Stop Loss: 4% below entry based on your own risk. Entry 2: $6.44 Targets: Nothing changes Stop Loss: 4% below entry based on your own risk. Never trade with out a stop loss unless you want your swing trade to turn into a HODL position. Should support break down and confirm, I will be looking for another Entry at #2.
BINANCEUS:DOTUSDLong
by jlouvierobv
1
DOTUSDTHello my dear friends Keep in mind that the main trend of the market is downward in our opinion! But currently, according to the positive divergence of RSI and the formed pattern, if the current trend is higher than the price range of $7.23. And on the condition of maintaining the range of $6.79, the possibility of forming an upward trend up to the specified ranges is not so unlikely. But if the price moves below the price range of $6.79, the possibility of continuing the downward trend to the yellow range ($6.29) will be strengthened. We would be happy to hear your comments
Long
by FiboTech
Polkadot (DOT) - September 13Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) A volume profile section is formed over the section 9.26-10.13. The key is whether we can break through this section and move up to the 11.72-14.93 section. (1D chart) 1st resistance: 9.26-10.13 2nd resistance: 11.72 Support: 7.16-7.74 It is necessary to check whether it can be supported and climbed in the 7.16-7.74 section. If it doesn't, it could drop near 5.11, so be careful. The 11.72-14.93 section is a trend-determining section and is an important support and resistance section. Therefore, it is expected that the upward trend will continue only when it is supported and ascended in the 11.72-14.93 section. The closer you get to the 11.72-14.93 section, the more you will feel like going up. At this time, if you buy before the 11.72-14.93 rise or buy without confirming the support in the 11.72-14.93 range, you may end up buying at the high point, so you need to be careful. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
#Polkadot is Free Falling, DOT May Collapse to $6Past Performance of Polkadot Polkadot bears are relentless at spot rates, per the formation in the daily chart. After a brief consolidation, DOT prices are down double digits in the last trading month, dropping nine percent on the previous trading day alone. As per the DOT candlestick arrangement, traders should look to align with the primary trend by unloading on dips below $8 and the middle BB. #Polkadot Technical Analysis Currently, sellers are firmly in control. After the DOT price consolidated in the first week of September, even printing encouraging higher highs, the coin is now recoiling from the middle BB and August 26 highs at around $8. Technically, bears are in control. DOT is under pressure from an effort versus result analysis since buyers didn't break above the middle BB or reverse losses of August 26 or 19. With the trend defined and the coin within a bear breakout formation, the immediate target is at $6, marking July 2022 lows. What to Expect from #DOT? Even though buyers are upbeat and confident that DOT's bottoms may be in, the liquidation wave appears too strong for bulls. Sellers are in a commanding position, reading from the formation in the daily chart. If DOT fails to hold prices above $6, the coin may slide to new 2022 lows. Resistance level to watch out for: $8 Support level to watch out for: $6 [ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Polkadot DOT: Not Looking GoodHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Polkadot (DOTUSD). The chart is self-explanatory. With the crypto market going through a correction, Polkadot may still have downside to go. See where I believe there may be strong support and possible bottom. Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:DOTUSD
by MillionaireEconomics
2
Polkadot: Pushing for $8.8 according to this pattern.Hello all, and thanks for supporting my channel. Looking at DOTUSD on the daily timeframe, we see a formation of a falling wedge pattern which has a bullish price target at $8.90. This price also corresponds with the 78% fibonacci retracement level and is also the top of the weekly candle formation. On the daily timeframe we are also trading inside the ascending channel which has support level sitting at $7 and resistance level at $10. For this channel, the Fixed Range Volume Profile provides a point of control at around $7.85 which is also the 50% Fibonacci retracement level. On the 4hr timeframe, DOT broke bullish out of the $7.50 price, and is currently retesting this price for support. As such, if the price of DOT can clear the $8 mark, we can retest the top of the channel at $10. This is approximately 30% move to the upside from the current point. Thanks for reading, and stay tuned. Enjoy.
BINANCE:DOTUSD
by EdgarTigranyan
1
POLKADOT PERSONAL ANALYSIS IN THE SHORT TERM (RE-SHORT RETEST!)The total evaluation for the POLKADOT asset is completely bearish. Please be warned of your risks and make sure to manage it properly. I see the same confirmation candles as well in the daily for a potential reversal to the upside, take your profits always and remember to short at great levels of volume congestion for a bigger edge. A retest on the support we failed to hold will most likely be a proper target with a potential to make mega dumps even further. ------- Thank you for reading! Remind you that this is a 1H chart since the movement is more clean rather than 4H chart and 1D chart which are mostly jumbles. The 1H chart even explained how we broke through an important resistance from the bottom forming a bullish flag. Like this chart? Share it, bookmark it, save it -- its yours, for free!
Long
by Wamses
POLKADOT IS IN ACCUMULATION ZONEPolkadot seems to be in the demand zone($6.24 - 3.90) on the weekly time frame forming equal highs/lows. This possibly signifies an accumulation of orders at this zone before an explosive move towards the weekly supply zone of - $15.34- 23.78 region. This zone also coincides with the golden ration in the Fib retracement, which adds to our confluence.The RSI also seems to have stopped forming lower lows and looks like its displaying a potential reversal/bullish divergence in play. If this move plays out(dependant on Bitcoin) we could see a sharp sell off once it reaches the supply zone. If you are accumulating #Dot in these regions make sure to take some profit at this key level.
BINANCE:DOTUSD
by CryptoBlanco
Polkadot (DOT) - August 31Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) Whether or not it can move higher than 11.72 is crucial. (1D chart) The key is whether it can be supported by rising to the 7.16-7.74 section. If it falls below 6.85, it could fall near 5.11, so you need to be careful. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto