Polkadot - Short Swing Trading Idea - 3 August 2022KRAKEN:DOTUSD in next three days I expecting the price to take off at least 10% to levels over $8.80. In higher time frames and in 1-2 months period we really can expect a big move to over $11.00 from current levels.
What is the supported thesis technically for the expected scenario on DOT?
- By Elliot waves we are in A-B-C correction and at this moment it's C
- Almost 60% correction and forming of good price action indications
- Test on downside of the channel and once the price enter again in channel will rocket
If you have any questions related to this trading idea I will be happy to provide you with answers.
Polkadot
DOT above support#DOT/USDT
$DOT is above the trend line that is the same as the support zone.
🐻 price may have more drop in the short term to touch the support zone where meets curved support.
break down from this support will drop the price to descending trend line (green).
🐮 holding above the support zone can bring back bulls in play and attempt to break out descending trend line to reach the next trend line above.
Polkadot opportunityHey folks, I am Nav!
With this account, I am trying to journal my trades. And I like to keep my trades extremely simple and uncluttered.
Please use the areas highlighted as support, confluence or resistance and plan accordingly & responsibly
If you liked my idea, please check others and follow for more!!
Cheers :)
Polkadot starting to perform!DOT has lagged behind a little and been slowly grinding up. The bulldiv on higher timeframe still performing though in my opinion
Flipped resistance into support at $7-7.40 area, with resistance sitting above around $9
If markets start to rally I see DOT hitting closer to $11
Either way, following the green path nicely at this point with a brief back test on LTF, which is what I wanted to see.
V
Polkadot Still Has To Give 125% To USWe started way too early with DOTUSD but quickly moved to DOTUSDT because more people follow this pair.
They are both identical when it comes to chart reading or to trade.
The great news is that it is still early, believe it or not, much growth lies ahead.
We have 5 green consecutive weeks.
This is consolidation/accumulation...
Next, the rise.
125% is the main target but if you are trading with us, with or without leverage, 20%, 30%, 50%, etc., are good places to secure profits on the way up.
Remember not to trade blindly, build a plan, do your research and then jump onboard.
There are always endless opportunities.
If you missed ETC for example, you can buy DOGE or DOT and so on.
This is not financial advice.
Thanks a lot for the support.
Namaste.
Trading opportunity on DOTUSDT PolkadotBased on technical factors there is a Long position in :
📊 DOTUSDT Polkadot
🔵 Long Now 6.69
🧯 Stop loss 5.90
🏹 Target 1 7.50
🏹 Target 2 8.40
🏹 Target 3 9.25
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Long Polkadot (DOT) vs USDTDOT finally found floor at $26. This area had to be tested as support once again and now it's ready to challange the ATH's IMO.
DOTUSDT is testing MA200 from below and as long it trades above it and flips it to support, I'm bullish on DOT.
This is an aggressive entry here, more convention entry would be once it flips $33 to support.
One of my favorite crypto project out there that hasn't shown it's true potential yet. It's a Top 3 project IMO.
Make sure to take profits on the way up.
Good luck.
DOT/USD consolidates near $6.71 amid bearish windsDOT/USD consolidates near $6.71 amid bearish winds
Polkadot price analysis reveals that the DOT/USD pair is consolidating around $6.71 today after a slight pullback from yesterday’s high at $7.19. The bulls had earlier pushed the price up to this level following a period of sideways trading between $5.50 and $6.71. The Resistance for DOT/USD is set at $7.19 while support lies at the $6.64 level.
Polkadot (DOT) - July 25Hello?
Welcome, traders.
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(DOTUSDT 1W Chart)
It is important to be able to rise above the 9.26-10.13 section.
To do that, you need to make sure you can climb above the 7.16-7.74 section.
(1D chart)
Primary resistance: 8.49
Secondary resistance: 9.26-10.13
1st support: 6.60
2nd support: 5.19-5.67
We need to see if we can break above the 60 SMA line.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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.)
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Polkadot - Bullish Divergence still in play Polkadot has a similar story to many alts and arguably Bitcoin itself. It had a decent Bullish divergence confirmation on July 13th, but has had a weak bounce since at only 34% to the high at $8.00 but if we can hold this area of support/demand in green at just over $7 then I think we could see this bullish divergence push higher toward $10-11.00
Below $7 I see us testing the lower green demand zone at around $6.50 and below that, well, we will see new lows imo.
Definitely need to hold the first green area to remain bullish in the short term, otherwise it looks weak and frail for another leg down.
Not a terrible time to begin accumulating if you're interested in this project long term. Remember, DOTS high was $54 USD which is a measly 650%, just depends if you see it breaking that high in the future.
Again, accumulating over time because it could easily see $4-5 in the near future where you want some capital set aside to take advantage of when it bottoms out, if you believe in it imo.
V
DOTUSDT 12h Possible scenario movement for Polkadot priceToday we will analyze the local situation on the DOTUSDT price schedule.
But to begin with, we recommend that you familiarize yourself with our global idea of DOTUSD on a 3-day timeframe.
At the final price squeeze, sellers managed to spill the price below $6.36 to $6.02. However, buyers sharply bought the decline and closed the trading day at $6.46, after which the growth continued.
If we compare the price rebound of DOT with other altcoins, we can say that it is average in terms of values, maybe even weaker than the average statistical rebound.
However, if you believe in the prospects of the Polkadot project and ecosystem, but did not have time to buy it at the bottom, then fate may give you a second chance.
Buying in the area $6.65-7.00
And further growth is possible according to the following route: $7.00 - $9.00 - $7.50 - $10.00
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Common RSI Structure (Falling Wedge) I keep seeing this RSI structure appearing everywhere
Here are two examples of two different coins
Both show a falling wedge pattern on the 4D timeframes
This is a strong bullish pattern and if it is applicable to indicators such as these the bulls are definitely coming
Polkadot Closes Full Green (100% Or More Still Available)Yesterday Polkadot (DOTUSDT) produced a full green candle and managed to close above EMA50 for the first time since March.
The doors are open for massive bullish action.
We have multiple targets to the upside but MA200 or the 1.618 Fib. extension level is the main one.
From the current price, that's a 100%+ potential.
(1,000%+ on 10X lev.)
Are you certain that prices will go there?
We have the same bottom pattern we looked many times in the past.
Each altcoin trading pair that had this pattern, low on 12-May followed by lower low 13-June, etc. have gone all the way up to MA200 and EMA300.
Polkadot is no exception, this altcoin pair will also grow.
Namaste.
Update on FCL Fractal Protocol Slowly But SurelySlowly but Surely.
maybe we going trend to WEB3.
and Fractal Protocol is the good Choice.
But DWYOR
Polkadot DOT at important trendlinePolkadot DOT at important trendline
Exciting to watch what DOT will do within the next days - a confirmed break to the upside and bottom might be in
But a danger of fakeout always has to be considered dear Crypto Nation
Who is a DOT HODLER? Tell me...
*not financial advice
do your own research before investing
Falling wedge patern with decreasing volume Polkadot to 16$Hello traders, after having made a long research i think that dot could make a very strong move to the upside due to the falling wedge pattern that printed on daily time frame.
In my opinion it looks really bullish, but not only for the falling wedge on daily, it has also descending volume witch is a confirmation sign and means that to see an increase on volume it's a matter of time.
It has already performed a success full breakout and a retest and now it is trading above of the upper trend line of the falling wedge.
It is likely for it to go to 16$, but anything is sure in the market so i will keep moving the stop behind the key levels. It will be more likely to reach higher prices if it manages to surpass the exponential moving average of 55 on daily around 8.6$ witch is too a resistance.
If will be glad to see what do you think in the comments and if you agree with me push the like button.
Polkadot Moves... Over 755% Potential (6X Lev.)I was looking to share Polkadot (DOTUSDT) and the chart looks so good that we had to go with a trade.
We are active now on this one, "low risk" because we go with 6X lev.
Normally we use 10X.
But at any time one can do 8X, 6X or even 3X and still the potential is huge/great.
Ok. Still.... No numbers.
But since we recommend this for experts only, I spot the chart setup and you take care of the rest.
THIS IS NOT FINANCIAL ADVICE.
Leveraged trading is high risk and not for beginners.
Will it grow?
Not the right question.
If it goes down, we stop the trade at a lost.
If it goes up, it becomes a winner, we collect profits and move on.
We do not predict, we position ourselves and let the market decide which way it will go.
Some we win, many we lose...
That's the game.
Those whoe can't take a loss cannot trade, because even the best traders in the history of the world have loses, all of the time...
The point is to spot chart setups/trades, that are low risk but instead offer high potential for rewards.
We sound like a broken record...
We hope this is useful to you.
We hope you make tons of money.
We hope you live a long healthy and enjoyable live.
We are wishing you the best now & always.
Namaste.
DOTUSD 8.80 short-term targetPolkadot (DOTUSD) has been trading within a clear Channel Down on the log scale ever since its last market top in November 2021. The price has been unable to break above the 1D MA50 (blue trend-line) since April 21. The recent Bullish Divergence on the 1D RSI though (being on Higher Lows against the price's Lower Lows) may be a first indication of an upcoming rebound at least on the short-term.
In fact the price action since mid-June is similar to that of February - March. The rebound on that sequence was to the 0.618 Fibonacci retracement level, which on the current pattern is a little over $8.80.
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