Polkadot
$DOT starting to outperform $ATOMDOTUSD appears to beginning some outperformance compared to one of its peers, ATOMUSD. They are both interoperability tokens that have similar goals and functions. I would personally put them in the same group, but correct me if I'm off base.
On a 6 month basis, ATOM has outperformed DOT by a significant amount over the past 6 months depending on your point of reference.
ATOM has a market cap of roughly $8 billion. DOT has a market cap of roughly $29.5 billion.
If this recent outperformance by DOT continues, it could began to catch up to its peer, which has really been putting the petal to the metal over the last six months. Could be DOTUSD's turn for some sustained outperformance.
Long-term view of ATOM's outperformance over the last 6 months.
PolkaDot DOTUSDT - HUGE breakout is happening! New bull market.- DOT is currently breaking out of the descending channel on the daily chart!
- On the weekly chart we a have higher highs and higher lows, so there is nothing wrong with the overall bull trend.
- Also an Impulse Elliott wave finished successfully with 5 waves to the downside, so now there should at least a retracement to 0,618 FIB.
- RSI horizontal line is breaking out too.
- Together with BNB we can experience solid gains.
Polkadot DOT price prediction 2022This is my Price Prediction for 2022. As long as we continue in this type of market, I believe the prediction may play out... if we are in or if we enter a bear market then the price prediction may not play out.
this is for entertainment purpose only
not financial advice.
always do your own research.
DOTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price hit the resistance line several times and now has broken it. This could be a failed breakout. If that is the case, then the price can fall down to the support zone. It is also likely for the price to make a small pullback and then move up to the resistance zone. If the price goes up to the resistance zone and gets rejected, then it can range between the resistance zone and the support zone. If the first resistance zone is also broken, then the price can range between the next resistance zone and the previous resistance zone which in this case will act as the support.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
POLKADOT - FULL Elliot Wave Breakdown ✅Polkadot is exhibiting clear wave formations which fall in line with the Elliot Wave schematic.
We have the 5 wave impulse which started late 2020 followed by an ABC correction, which we are currently in.
We are currently in the C wave which has 5 subwaves and we're currently on the 5th and last subwave heading towards the completion of the ABC correction, where we also have the 78.6 fibonacci making it a really great level to watch for BUYS.
The next move would be the impulse (wave 3 - often the biggest wave). This is likely to take us beyond ATH, for a gain of atleast 400%!
Trade Idea:
- Watch for the completion of the ABC correction at the $9-$11 level
- Once bullish price action, enter with stops below the lows
- Targets: 50, 63, 80
Goodluck and as always, trade safe!
Give it a thumbs up and let us know what other cryptocurrency you would like us to look at!
DOT looks bearishIt's very late here for a long explanation so I'm just gonna say that at the beginning it looked to me like a "three little indians" pattern but I've checked and it isn't it because it lacks the right distance between the indians. Anyway it's a rising wedge and 1h and 4h with bearish DIVs on many indicators.
Moreover the entire market looks like is uncertain and ready to explode (not necessarily up, actually I'm more inclined to expect a dump) so I would watch this for shorting opportunities. I'm not giving any entry point right now because it's possible the opportunity won't present itself.
I'll try to update something tomorrow morning.
Good luck
Accumulating PolkaDOT I think it’s a good hold to add a for long term
My macro outlook is 2025 I see it rising 360+ not financial advice just my own thoughts and observation on a macro scale coupled with fundamentals
Also it looks like a Huge bullish pendant on the weekly that’s going to spring upwards to the heavens
Gavin wood is an extraordinary person with his work at eth and web3 as well as philanthropy efforts. I know this is the future tech.
All the best and 1love and peace
OPTIMISTIC SCENARIO FOR POLKADOT IN THE DIARY - TARGETSTechnical analysis regarding the price of POLKADOT in relation of dollar Tether for the next scenarios, based on daily movement.
Optimistic scenario for polkadot in the coming days.
In my analysis, I see that it is finding a very considerable region of support, in a bearish channel that, if broken, may seek the price projection that coincides with the expansion of good Fibonacci levels.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏