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Polkadot

DOT --- LONG --- 19.01.22DOT lost 60% since ATH, is it worth buying? As you can see on the chart, DOT is still inside the ascending channel, and now the coin is trading at its lower border, which is a support or demand zone. In other words, we have a precondition for growth. Since the moment of the historical maximum (marked with a black tick on the chart), we have seen a decline, and quite aggressively. In fact, the price fell by 60% in just a couple of months. Now the fall has stopped and trading is in the range of 20 to 30 dollars. After such a fall, it would be logical to see an upward movement from this "flat" and the chances are very good for this scenario, while we should not forget that there are still auctions for parachains and DOT coins continue to "drop out of the game" for a long time (about two years), which positively affects the value of the DOT coin But what would you like to pay attention to... The technical picture with support at the lower border of the channel is very obvious for market participants, the 60% decline itself after updating the historical maximum indicates that market participants who bought coins with at least x2 leverage are being "knocked out". It won't be surprising now that we will see the price break out of the channel in a downward direction, but if it does, it will be a great buying opportunity. In this case, as a confirmation of entering the trade, we will have to see a significant increase in volumes - this will confirm the "culmination of sales", after which we are more likely to expect a significant increase. Of course, it is not a fact that the market will give us such a beautiful pattern, then it might be worth dividing the entry into several parts for the current area and in the case of the "culmination of sales". Total If you are positive about DOT in case of high volumes when the support of the upward channel indicated on the chart is broken, it is worth buying. If you are negative about DOT, then you can try to trade short in case of a false breakout from the current consolidation up.
Long
by P-T-B
$MOVR/USDT 1D (#KuCoin) Falling wedge on supportMoonriver is looking bottomed here and about to start the reversal if manages to break-out! moonbeam.network Risk/Reward= 1:1.5 | 1:3.78 | 1:6.73 Expected Profit= +38.06% | +96.31% | +171.35% Possible Loss= -25.46% Fib. Retracement= 0.382 | 0.702 | 1 Margin Leverage= 1x Estimated Gain-time= 2 months ⚡️⚡️ #MOVR/USDT ⚡️⚡️ Exchanges: Binance, KuCoin Signal Type: Regular (Long) Current Price: 169.84 Entry Zone: 166.09 - 150.39 Take-Profit Targets: 1) 218.46 2) 310.64 3) 429.38 Stop Targets: 1) 117.96
Long
by TradingOn
6
Inverse head and shoulders on DOT?Here's an idea for you DOT degens. This line of in orange has had several touches as a clear line of support and resistance. If we are able to bounce off this line and break around $26.40 then we have a clear inverse head and shoulder pattern with a price target at the top of back to the range top at $32. There's also bullish divergence on the hourly so I would not be surprised to see a little pump here. Not a bad place to long in my opinion.
Long
by CryptoNCoffee
One more pump for DOTBTC before a dump?Of course this is conjecture but given BTC's market dominance I could see this scenario playing for DOTBTC. I could see DOTBTC having a decent pump to test the top of the rising channel trend line. Which depending on where BTC is at the moment could put it between $30-$33 USD and retesting the DOTUSD local high range. If we assume that BTC dominance has bottomed and will turn around over the next few weeks then I think it's reasonable to see DOTBTC dump to the bottom of it's macro trend line before reversing and eventually breaking out of its macro symmetrical triangle. To me this is the bullish scenario if we assume that BTC dominance is going be reversing sometime soon. If BTC dominance crashes and we go into an alt season then everything changes and we reevaluate.
Long
by CryptoNCoffee
DOT Downside Risk (Polkadot)Polkadot is one of those cryptocurrencies that piqued my interest this past bull market. Unfortunately, the online community is already becoming a ghost town, after the project appeared suddenly in the top 10 by market cap. Many cryptocurrencies are breaking down from their bull market uptrends, but DOT is still above. Should the support fall, I think DOT can eventually head back below $10. Depending on what's going on with the project and ecosystem at that point, I may purchase some at those prices. Let's see! On the upside, if it holds the uptrend, DOT can test the top of the channel once more. This is not meant as financial advice - this is meant for speculation and entertainment only. -Victor Cobra
BINANCE:DOTUSDShort
by VictorCobra
12
POLKADOT - Watch For This Buy Zone!Polkadot could be making one more drop before we get to our ideal buy zone of $10. We appear to be in an ABC expanding correction now and looking for one more move down which we can capitalise on for the short term. Short Term Trade Idea: SHORT - Watch for bearish price action at the 32.5 to 33 level - Watch for ascending trendline break for an extra confluence - Enter with stops above the recent highs - Targets: 22.5, 17.5, 10 Longer Term Trade Idea: LONG - Watch for price to come back to the $10 level - Once bullish price action appears, enter with stops below the lows - Targets: 32.5, 54, 69, actively manage the rest Let us know what you think. Goodluck!
by Altsignals
3
The scenario bulls don't want to face for PolkadotWell, here it is folks. Out in the open. DOT has a bottom line of support and if you are honest with yourself it looks like we're on our way to test it. There is a big probability that we are in a similar scenario as in the summer o 2021 were with effectively another month of downside to retest this bottom line of support before we change trajectory. Technically we would still be putting in a higher low which would keep us in a bullish structure. But let's face it, another 40% drop to around $16 does not feel like a bull market. I also used a fixed range volume profile to see where the point of control as of the break out back in Dec 2020. It's sitting at around $17. This is another reason why I think it's very possible we head down there to retest these levels. On a bullish note we could have put in a double bottom and could be forming a W-reversal pattern. We need to see a solid break above the $33 in order to validate it.
by CryptoNCoffee
4