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Polkadot

DOT - We are about to break 44 DAYS old trendline!Reasons to take long: ⭐️ BTC bullish ⭐️ Trendline is 44 days old ⭐️ Trendline is clean ⭐️ In the end of local formation ⭐️ Slowly squeezing to the trendline ⭐️ 4th touch ⭐️ 35 ATR ⭐️ Over VWAP Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
10
Catching Knives - Potential for Some Small Relief For AltcoinsThe title is pretty self-explanatory. Sure, prices can keep collapsing into the abyss. I have little enough exposure where this wouldn't hurt me a huge amount. It's important for me to be very conservative. There is nothing that says we need to recover here. Many alts are back to their accumulation ranges from the previous bear market, so it seams reasonable to expect at least SOME buying action. For instance, Polkadot has now retraced nearly its entire bull market rally. In January when price was still above $25, I wrote about how there was serious risk for it to break the long term uptrend, and head back towards the $7-11 range. Here is the original post from January: Even prior to that, in November 2021 I wrote about how I thought DOT may have reached its long term top against Bitcoin. This has proven to be correct as well. In fact, looking at this chart tells me that it still has potential to fall. Perhaps it won't get a longer relief rally until those lower levels are reached. Regardless, I picked up some DOT here near $7.20. I also rebought ALGO at $0.29 after stopping myself out of a spot trade from $0.39 not too long ago. These are not necessarily meant to be a long term positions. I may even sell them tomorrow if things seem even less likely to turn around here. My strategy is different than it was during the 2018 bear market. Back then, my strategy was to accumulate as much as I could afford, within reason. Now my strategy is to simply see if I can time the occasional bounce. If I do see signs that the market could rally again in the future like it did in 2017 and 2021 I will change my tune a little. Even so, I see little use for cryptocurrencies in our world. I acknowledge that this may change as well, although honestly I'd prefer to see adoption over price appreciation. If the market bounces, it can last for anywhere from a week or two to several months. No one knows. My speculation is that a bounce would yet again involve altcoins outperforming Bitcoin, while larger whales unload their BTC in the $30-40k range. But then, this would imply that Michael Saylor would be able to exist at break even, or in profit. Will the market give that to him? More bullish behavior would be Bitcoin pumping right back to $42k while alts begin to really lag, as we began to see in 2019 once the bottom was in. Something like this would begin to invalidate my longer term bearish view. On the bearish side here, if DOT can't hold above $7 for long, it can head down to the next support level, between $4-5. Similarly with ALGO, if it can't hold above $0.26-27, it can head down to $0.16. Dumps like this continuously happened in 2017, but at least back then there was the occasional mega relief rally for altcoins. This time, we may not get those opportunities, so I'm being especially careful. This is not meant as financial advice! This is meant for speculation and entertainment only. -Victor Cobra
Long
by VictorCobra
DOTUSDT 3D Medium-term trade with P/L = 10/1Today we will look at the global chart of the DOTUSDT trading pair on a 3-day time frame. The last global idea on DOTUSDT we published 8 months ago, then the downward trend began, which continues to this day. At that time, DOT buyers were very determined to continue the growth, because on 11.11.2021, the first parachains in the Polkadot ecosystem were to be launched. But the situation on the Dotusd chart that we saw suggested that the price will soon begin to decrease, from $50 at least to the $14-18 zone. Of course, we were criticized then in the comments under the idea, that we do not understand what we are writing, only growth and nothing more wrote users TW... But what do we see now? The DOT price is 2 times lower than our pessimistic forecast from the previous idea. Now DOT buyers are trying not to let the DOTUSDT price fall below the liquidity level of $6.50 Not bad conditions to try a medium-term trade for a small part of the deposit: Entrance $6.50-6.70 Stop $6.365 (-5%) Take $9.95 (+48.5%) The profit/loss ratio is 10/1 Below $6.36, it is most likely not worth holding DOT, because then fall can continue to $5-5.20 area _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
37
Polkadot (DOT) - July 11Hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) Below 10.13 is likely to be a mid- to long-term investment area. In particular, 7.16 and below are likely to be long-term investment areas. Therefore, it is important to know whether it can move higher than 7.16. (1D chart) The contraction period of the Bollinger Bands (60) is short. Therefore, a trend is expected to form in the near future. It is expected that the period from the decline of 7.16 to the vicinity of 5.19 until it rises again to the vicinity of 7.16 is expected to be short. Therefore, if you fail to overcome the psychological burden and make a stop loss when it leads to a further decline, there is a high possibility of a double loss. Therefore, it is recommended to create room to buy when the price is falling. The market can be very volatile if the BTC dominance declines while the BTC price is still in a downtrend. It can be characterized by repeated short-term spikes and dips. You need to think about whether you can't take advantage of it with your trading skills. You should try to earn cash income by short-term trading coins (tokens) that you currently have or increase your holdings. Otherwise, starting an investment in a new coin (token) may require a long period of time to turn into a profit even if the coin market turns upward as the dispersion of funds accelerates. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
Polkadot #DOT Update (Jul-06)After losing the $8.5 zone on June 11, DOT has been fluctuating in the range of 6.5-8.5$ for almost a month, which is a sign that it is accumulating at the bottom to prepare for a trend reversal to uptrend. Currently, DOT is also fluctuating in the range of $6.6-7.2 within the past 1 week and this is a good opportunity to help us accumulate DOT and expect a rally to $8.5 after breaking the 7.2$ zone. The $6-6.5 zone is also a very reliable support and DOT hasn't returned to this zone since breaking this level at the end of 2020, so a strong buying force must appear here
Long
by CryptoStation
Polkadot Adam & Eve Bottom Pattern (90%+ Potential Profits)We have a classic pattern show up on the DOTUSD (Polkadot) chart. The low was set 13-June; DOTUSD continues trading above support (light blue). Currently, we can see prices challenging EMA10, which is the first barrier to conquer for the bulls to move ahead. As the days go by and prices grow... We can have a massive bullish wave! First, easy 30%... Followed by, 90%+. You can find more on the chart. Remember to plan ahead. Remember patience... The market gives, the market takes. Be strong. Play safe. Thanks a lot for your support. Namaste.
BITMEX:DOTUSD.PLong
by MasterAnanda
PolkaDot DOTUSDT - ABC completed! Elliott Wave + Channel- On the weekly/3D chart we can see a parallel channel and the price is currently on the support of the channel. - Due to my Elliott Wave analysis - the ABC correction has been completed successfully and now we are prepared for another bullish market! - 0.618 FIB is the strongest FIB level and the price si currently sitting on this level. - If we take a look at the RSI indicator, we can spot a nice bullish divergence with a lower high! - Wave 1 horizontal support (previous swing high) from 2020 is another great support that we have. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
Polkadot: Daily Review and Trading IdeasMarket Conditions We are in the bearish trend, consolidation about the support. Valuable Areas $6.15 is the key support right now for bears. MAs with 20 and 50 periods are key resistance lines for bulls. Trade Opportunities If the price moves below $6.15 support, it is a bearish signal in the direction of the main trend. The main target for bears will be $3.75 support. If the price moves above 20MA, we may expect a correction movement with the targets around 50MA and $10.00 resistance. For shorting, it is possible to use bearish signals from daily and lower timeframes. For buying, I would use bullish signals from hourly time frames for better risk/reward ratio. Day traders should follow the bearish sentiment and open short positions using any pullback to valuable resistance levels and lines from the hourly time frames.
by DLavrov
2
#Polkadot Tethered at 2022 Lows, Will DOT Hold Above $6.40?Past Performance of Polkadot Polkadot remains under pressure at spot rates, as per the development in the daily chart. Even though buyers are optimistic about the project, expecting its value proposition to propel DOT higher, bears are firmly in control at spot rates. Currently, DOT is down 71 percent from April 2022 highs and hanging precariously at 2022 lows at $6.40. In the past 24 hours, DOT is stable but down 15 percent week-to-date versus the USDT. The slump points to strong liquidation pressure as the crypto market generally struggles against the wave of sellers. #Polkadot Technical Analysis DOT is down double digits week-to-date and trending inside the July 1 trade range. The immediate support is at $6.40, while bulls have resistance at $7.20 and the middle BB on the upper side. Even though there are attempts at higher highs, given the slight divergence from the lower BB, bears are in command. Therefore, aggressive traders can unload on every opportunity higher towards $7.20. Meanwhile, deeper losses below last week's lows at $6.40 may force DOT towards H2 2021 lows at $4.40, or worse, in a bear continuation pattern. Conversely, there will be hope for bulls if there is a solid break above the middle BB at the back of rising trading volumes at around $7.50. In that case, prices could recover to $8.50 and later $10.5. What to Expect from #DOT? Sellers are firmly in charge, and there is no clear indicator pointing to bottoms. Therefore, bears may continue to unload, targeting a retest of H2 2021 lows. Still, on the brighter side, a close above the dynamic resistance line, that is, the middle BB, may anchor the next leg up towards $8.5 in the short term. Resistance level to watch out for: $7.20 Support level to watch out for: $6.40 [ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
MY MINIMALIST CHART ANALYSIS FOR POLKADOT06.16..22 0420H +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: My Bearish Bias: I do think that It will reach the 3.7 USD ZONE as it follows the trajectory of $BTC Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy and about at the bottom. 1. RSI 28: about RIPE for ENTRY 2. STOCHS at the almost LOW 21.6/22, looking at a correction anytime soon this week. 3. Volume on the sell side has increased, the spike that we were looking for. This means we have a lot of supply in the market. BUYERS are coming in for this kill. 4. If it breaks the 6.6 zone, the market will try to find strong support at the 3.3 zone, If it does not break, the 7 zone a zone of capitulation will be the reversal of the trend. 5. 3 entry points marked in orange price notes. Looking back since the beginning of the year, the Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels. Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE. 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. 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.) If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal. NOTE: 1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time. 2. Created a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER. 3. My Minimalist 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, 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! Vive Le Diamond Hands!
KRAKEN:DOTUSDLong
by The_Crypto_Samurai