DOT - THIRD LEG DOWN IN PLAY?
We have really long consolidaion on crypto markets. We can see a half year long wedge on DOT. Falling wedges love to be touched three times on the downside line ;) Third leg down also would mean we are going down from curent range sarted at the begginig of the year, so move down should be huge, 25-30% at least towards 10/11 usd. For now test of 16 is possible.
Polkadot
$DOT 4HR Downtrend$DOT seeing a harsh downtrend on the 4HR, seeing recent buyers at the 14.5 level. IMO if we lose that, we see 14 even, lose that we see low 13. RSI and price seeing resistance simultaneously.
On the flip, if buyers can hold 14.5, this could be a decent breakout point. RSI resistance break could give an early signal.
Note, I personally see the recent RSI break under the 14MA as bearish > bullish momentum.
Analysis Polkadot ( Dot/usdT ) Buy DotIn Open In 3 Step And Hold 3 Month:
$ 23.70
$ 17
$ 11
Get Target and Save In 4 Step:
$ 32
$ 38
$ 54
$ 80
We can expect Polkadat to reach this price ceiling.
Check out Polkadat (DOT) for in-network data:
Social Valium Index, which is the measure of social activity of this project, which has been examined in a period of 6 months
From the time the price rose, the support on this network also increased to the point where the price could reach its historical ceiling. The social level of this project could also reach its highest level, but when the price decreased, its activity level also decreased. The price reached very strong support and social support started to rise again, which is why the price did not fall further and kept the price in these areas.
The next case is social engagement or social interaction, which has the same trend as the Social Valium index, but the point is that before the price reaches its historical ceiling, we see that in this index it has been able to check itself and network interaction. Increase his social status a lot and attract a lot of attention to himself, and after the price dropped and reached his own support area, he was supported and made the price lower.
We will examine the next case of visiting the site and during a 6-month return, we checked that at the beginning of this return, the site visitors were seven hundred thousand and it was able to reach two million and four hundred !!! And now the number of visitors is one million and eight hundred thousand.
Site traffic by country
First place: America 18%
Second place: English 4%
Third place: Russia 4%
Other countries 75%
By source: 55% by searching with the words Polkadat or dot or stacking
Next rank 25% of visitors who enter the site directly
And the rest to enter the site through social networks
Data within the .NET network
From December 20, we are witnessing an increase in the number of addresses of the holders of this currency code, which has increased by 60,000 thousand holders. Well, this can show us a positive expectation.
The number of daily transactions has taken a momentary decline and has reached almost its lowest level in the last 4 months.
The next index, the volume of transactions reached 764 million from November 1. It was fluctuating there and reached its price floor on August 23, 2021
If we pay close attention to the volume chart of transactions, it has a relatively upward momentum, so that if the price can maintain this range and the volume of transactions continue to this upward momentum, we can see the possibility of increasing motivation by traders.
The next index shows the number of active addresses and the number of new addresses according to the index by falling in this price range if we do not see signs of demand and if the price can not stabilize itself and active and new addresses decrease. That the incentive to demand has decreased and the good result is that the risk scenario for the price will be strengthened and investors will buy in the next rounds.
The next indicator of sticking is the amount of dots that are stacked daily. If we are careful, we will see that 2.5 million dots come out of the stick, which means that the dot market is risky and it is a sign that investors are interested in buying at a lower price.
But the next indicator is Open Interest.com, which after registering its ATH price, we saw that Open Interest decreased, and considering that the price fluctuates in a support range, Open Interest is almost bloody and indecisive. Shows the trader
And we look at the Funding Rate dot index and see that most traders are short or short-term, and it seems that they seem to expect the price to go lower because most of the trades that open are short-term.
Fundamentals dot
The current market cap is $ 26.330 billion
The historic ATH cap was priced at $ 54.98 on November 4, 2021
Field of activity: Smart Contract Platform
Maximum token stock: Approximately 1.155 billion
Working inventory is approximately 1.076 billion units
Listed in many reputable exchanges
Polkadat is a smart contract, but its main purpose is to create cooperation between different Chinese blocks, which is the general problem that the Chinese blocks have with each other is that they do not communicate with each other. It has attracted the attention of many.
#btcstarburst Polkadot DCA Always…Possibly one of the most promising Alts in the space… Great partnerships although still being drained from btc, can see at least 300% gain potential from here… Interesting link is not ahead… I would expect a major jump once staking becomes available sine they are in a class of their own… hopefully people are taking advantage of the market safely…DCA safely get rich in the bear market, be patient and sell with the bulls this is a Gann study
Reef is about to explode!Double top! Reef has retested this situation in the past and it is now about to break an important trend line!
Watch for 0.0092 as a resistance!!!
DOT testing support trend line-If Bitcoin continues to slump, DOT will be in confirmed bear market territory breaking down the diagonal trend line.
-The chandelier exit still has not printed a SELL signal on the weekly, however, it appears to be heading that way.
- Be very cautious with your entries here as we may see capitulation down to the $10 - $12 levels and possibly further downside, depending on where btc finds support.
-Not financial advice. (:
$DOT 1D Trendline Break$DOT broke a main support on the 4HR, while breaking a main support trendline on the 1D, and looks to have performed a retest and rejection, so far.
Still holding RSI support trendline on the 1D, something to note.
Any short here would likely be invalidated with a return to 17.3+
POLKADOT on PRZ SupportAccording to the chart, in the important support range, it is on the dynamic trend line and static price support. If we maintain this range, we will have a chance to increase the price to $ 19 and $ 20, otherwise the loss will be stronger with the loss of this range.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
$KSM/USDT 4h (#BinanceFutures) Falling broadening wedge breakoutKusama Network is pulling back towards 100EMA support where we expect it to bounce and resume bullish.
Current Price= 181.23
Buy Entry= 176.54 - 170.74
Take Profit= 187.49 | 199.64 | 215.28
Stop Loss= 162.06
Risk/Reward= 1:1.2 | 1:2.25 | 1:6.43
Expected Profit= +15.96% | +29.94% | +47.96%
Possible Loss= -13.34%
Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 2-3 weeks
Tags: #KSM #KSMUSDT #Kusama #Statemine #Substrate #Parachain #DotEco #Polkadot
Website: kusama.network
Contract:
#Mainnet
DOT bearish flag of inverse H&S?#DOT/USDT
$DOT is below middle line of parallel channel.
🐻 if price hold the resistance of middle line of parallel channel and break down from lower line, this move can act as bearish flag and price will drop to support zone around $16.
🐮 if price break out from middle line we can see an inverted head and shoulders patten and price can head up toward resistance zone around $22.
Polkadot slow mode- in my older analyze i predicted Polkadot bottom around 15.5$ :
Here older post :
- the problem with common alts is they are naturally following TheKing moves.
- if TheKing stays weak then altcoins will just standby and wait for his next move, then some will move harder if BTC pump and weaker if BTC dump.
- Polkadot is an heavy project with so much parachains, in the future i see DOT number 3 on CMC next to BTC and ETH.
- Many concurents as Solana or Luna made bigger moves than DOT, because they are going very fast, deploying multiples projects at the same time causing multiples bugs on their chains.
- Polkadot is safer, they are building slowly but surely
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Trading Part
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- if u check Weekly MACD in graph u will notice that it made a flat move
- Normally we had to turn bullish 3 weeks ago but we stayed weak, could consider that as fight between bulls and bears or a consolidation.
- in the worst case a good buying zone is around 13$, i don't see any lower bottom for DOT.
- if we are in a consolidation then a buy is possible right now but it's pure gamble, i recommend to wait.
- TP are accorded to Fibo and simple :
--- TP1 : 30$
--- TP2 : 40$
--- TP3 : 80$
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Stay Safe and Happy Tr4Ding !
DOT/USDT Now in Buying Zone ( Polkadot is 400% Potential )#DOT/USDT TA Update:-
$DOT currently trading at $19
Already did 50% profit.
Now..?
I am again Buying some here.
Entry :- $17-$19
- Bounced from TrendLine Support
- Bullish Engulfing
- Parallel channel Breakout
I am expecting $65 Target for Mid term.
#PolkaDot is Strong potential in Long term.
Stop Loss:- $18
Long term Holder Stop Loss:- $14
Targets:- $30/$40/$65
DOTUSD forming key Bullish Crosses. Start of major rally?Polkadot (DOTUSD) is currently testing both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) as Resistance levels. Even a modest push upwards will be enough to cause a Bullish Cross formation between the two trend-lines. Last time we saw this pattern was on August 30 2021, which was half-way through the last major rally that formed the All Time High (ATH).
Interestingly enough, even DOT's first 1D MA50/100 Bullish Cross on December 05 2020 was enough to kick start the massive rally of the early 2021. What is even more interesting is that the MACD Bullish Cross formations on the 1W time-frame perfectly coincide with the 1D MA50/100 Bullish Crosses. Right now the 1W MACD is about to pring that formation the same time the 1D MA50/100 makes the new Bullish Cross.
This is strong evidence that DOT is ahead of a major rally. Our first long-term target will be the 50.500 - 55.000 Resistance Zone of the prior All Time Highs. If broken with a 1M candle closing, then we expect the Cycle to peak around the 0.618 Fib of the Channel Up and the 6.0 Fibonacci extension. The reason is that the last two Highs within the Channel took place on the Fib 1.0 and Fib 0.786, so if that's a sequence then every High is one Fib retracement level lower. Also the 5.0 Fib extension (orange) marked both of those highs so if broken, technically the 6.0 Fib ext is next.
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