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Polkadot

POLKADOT - ROAD TO $200Good morning traders. DOT/USDT the pair for today, lets begin. In light of the recent Bitcoin dump, a lot of alts have found themselves at strong support, some below it and stables depegging from the dollar. Question is, are we at the bottom now? While i may not be able to clarify if we are at the bottom or not, it doesn't feel like it, I can however say this is a very good buying opportunity for many alts. From the chart above we have the DOT price back at July 2021 levels, very strong support area. It could however make it's way down to our worst case scenario region which is also in line with the 1.236 fib support level dependng on Bitcoin's price action. So far we have a Regular flat formed on the chart which in theory has it's C wave to be 61.8%-123.6% of wave AB. Whether or not this is the bottom it is still a very good buying opportunity (but don't take my word for it). If the Elliott wave theory is correct (and has been so far), targets for our wave 3 range from $175-$240 dollars(red zone) depending on where the bottom will be. In the blue zone we have our Take profit region just to ensure we take some of the table in the case of exhaustion. I expect this to fulfil over a lengthy timeframe given the state of the market but, you never know. If you agree with this Idea pls like, share and comment your thoughts below. As always feedback is appreciated!
Long
by RektMyMom
6
SCENARIO 2 FOR A POLKADOT BOTTOMPls visit our last Polkadot analysis for better context. As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction. Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat correction for wave 2, comprising of a large ABC correction with the C wave being a 5 way impulse move marking a 100% retracement of our Wave AB and aligns perfectly with the downward trend channel price seems to have created. Make sure to apply proper risk management. Goodluck
by RektMyMom
Polkadot Polkadot Only one step left, Polkadot came to the edge of the abyss. Polkadot, as part of a downward up-trend on D-1, has fallen to critical lows since early April and approached its historical key support at $12.00, breaking through which risks losing investment interest and, as a result, its liquidity and recovery potential in the short term. The level of $13.00 is not only the middle of the channel and intermediate local support for the downward dynamics, this level may well be a good start for a test of the channel trendline breakout, followed by an attempt to restore its liquidity as part of medium-term purchases. The support level of $12.00 is critical and in case of its breakdown, Polkadot risks updating the historical low of $10.00 per coin.
KRAKEN:DOTUSDShort
by Kuznetsov_Sergey
#btcstarburst Hope Can Still Exist…For a minute I was thinking and believe we are definitely going down… down!! However here still is a very real possibility, long shot maybe, but still… Let’s say there are so many people accumulating and buying the dips, this is why there is such a change in the market. At this level people are trying to accumulate as much as they can on many BTC and other projects… The crypto market as a whole seems to be slightly off. Bitcoin apparently should be at lower levels by now… Its not, DCA SAFELY Buy what you can when you can… We always could go lower this is a Gann study I would expect Bitcoin to play out in this form possibly hitting the green at 32k… Just a Model
FTX:BTCUSD
by Jonnycatx
DOT on support, three price targets possibleHello everyone, let's take a look at the 1H DOT to USDT chart. As you can see, the price is moving below the local downtrend line. Let's start with marking the support line and as you can see the first support in the near future is $ 14.06, here it is worth setting the first stop loss, if the support breaks, the next support is at $ 12.75, here it is worth setting the second stop loss. Next we have a support zone from $ 11.36 to $ 8.07 Now let's move from the resistance line as you can see the first resistance is $ 16.19, if you can break it the next resistance will be $ 17.63 and $ 18.86. Looking at the CHOP indicator, we can see that in the 1H interval we have a lot of energy for new movement in the coming hours.
by cryptodailyuk
1
DOT - Going lower?⭐️ BTC bearish ⭐️ Level is seen on all timeframes ⭐️ Level is at round number ⭐️ 5th touch ⭐️ Level is 71 days old ⭐️ 40 ATR ⭐️ Under VWAP Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster. 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
Short
by Artem_Dishel
3
POLKADOT-Can a good news save an asset?Hello everyone Due to the bad news from wallsreet and Nasdaq, a big red bar appeared on every chart, on daily of coarse.It's not the first time we had more than 10% fall in crypto market. On daily chart of DOTUSDT, there's a double bottom pattern forming, which can take the price to our resistance level of 15.5$ and maybe break out of our bear trend line; As for our support, price levels of 14.5$ and 14$ are in place , plus a weekly trend line which held on good in the past couple of days. We may get a doji bar for today,because of the news and fear, so just don't expect that much from the market today. I will be glad to hear some feedback and questions.
by HubAlgo