Polkadot: Ready to Go Downhill 🎿We’ve connected the dots for Polkadot and established our forecast: Polkadot develops a new interim low by falling below the support at $25.3272. In our opinion, this confirms further downward movement toward $10.3759 and into the magenta-colored area between $10.8195 and $5.7131, where wave (c) in blue should end. Only after reaching this zone should the price go up for longer periods.
However, there is a 25% chance that the price could rise earlier and, after hitting the support line at $50.5587, ascend further still.
Polkadot
POLKADOT ready to pump 🚀based on the chart here we had a massive lost for the price ✔
and then
the price has broken the important trend line to the upside 🚀
and now
become close to significant support area ✔
so
we can expect gain for the price at least to our first resistance area that located on the chart 🚀🚀
if only
the price breaks the support area here we can expect brief correction ❌
This is not financial advice, always do your own research.
please, fell free to ask your question, write it in comments below and I will answer.
🐳
DOT👨🏻🏫 DOT is another coin which a lot of people call as looser of the 2021 (ADA, LTC, ...).
🤷♂️ I still do not understand why. I can understand some HODLer which bought DOT around 20 - 25 - 30. But if you check the history of DOT or if you analyse market cap., you need to say that DOT is a great and strong coin.
For trading you need to go with trend, sentiment and use TA. We are not gamblers and TA have some rules which you have to respect.
TP for ADA are:
✅ TP1 - 31 usd
✅ TP2 - 35 usd
✅ TP3 - 40 usd
⛔️ SL - 22 usd
💡Don't miss the great buy opportunity in DOTUSD @Polkadot
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (25.17).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 71
Take Profits:
TP1= @ 26.47
TP2= @ 27.35
TP3= @ 28.51
TP4= @ 29.47
TP5= @ 30.33
SL= Break below S2
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Polkadot Price analysisEveryday is a new day and new trading patterns we have to identify because of the market sentiments and fundamentals. As you can price is back in downward parallel channel. The price is at its very critical support. Plus its forming possible double bottom and there is also a hidden bullish divergence on RSI and you can see whenever the RSI is above the yellow line price rallies upwards. Hope soon the RSI breaks the yellow and make it as its support.
I am still very bullish on $DOT. What you think kindly share your views in the comment below.
NOTE: These are just my observations and not a financial advice. #DYOR
Polkadot (DOT) - January 10Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(DOTUSD 1W Chart)
10.16-16.15 or more: Expected to create a new wave.
It must rise above the 33.87 point to turn into an uptrend.
If this continues, we should see support near the 20.27 point.
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(DOTBTC 1W chart)
Over the 0.0003911-0.0004872 section: Expected to create a new wave.
You need to break out of the downtrend line to accelerate the uptrend.
So, you need to make sure you can keep the price above the 0.0005850 point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** 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 convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)
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DOT/USDT : Some similarities on lows !BINANCE:DOTUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#DOT has showed a fractal repetition on the last local lows.
There was a fast relief sweeping out the lows and get to the lower lows again.
So there's an opportunity to have an aggressive long position on #DOT but there'll be three factors to watch for :
- Uncertain market structure + High volatility in ALTs right now
- Local liquidity pool located at 36K on BTC's chart ( There'll be our last leg down into 36K for institutional buyers ).
- Fractal suggesting that every relief on #DOT has an immediate drop; So it's very suggested to manage the profit targets !
📚 The lower order-block could be a good entry to take long and set our SL as a any breakdown confirmation below it.
I was planning to share the chart earlier today but I got to do some of my personal jobs and I guess we ran out of the entry...
But in any chance of revisit the entry; It could be good to have a taste on the LONG with very tight SL and also we need to engage only 4% of our portfolio on spot buy !
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
"condescending Joe Biden whisper..." Do I have to scream at you for you to realise what is coming?
I have been in crypto since 2013, I have seen crashes, corrections, hype, hope, delirium and everything in between.
Now is the time.
So with a condescending Joe Biden whisper I say to you "be prepared".
- Ninja
Polkadot is super bullish!!!As you can see right now we are at 618 level of Fibonacci and with breaking the short-time down trend Polkadot has a great potential to reach super high prices, so I just bought a bag of Polkadot and just watching, unlike ADA and SOL which are right now on 768 level which means they are going to do some range moves Polkadot did not break 618 and right now is completely bullish in my opinion.
BUY & HOLD
ENTRY : 26
TPS:
🔸TP1: 30.5
🔸TP2: 32
🔸TP3: 35
🔸TP4: 38
🔸TP5: 50++++++
Disclaimer: Not Financial Advice.
POLKADOT BULLISH BATAfter breaking out and nearly reaching our first target of 33 dollars, Dot has experienced a heavy retracement that has brought it back almost to the low of the initial pullback. However it has reacted at the PCZ of the bullish bat and shown bullish divergence on the 4h RSI, with the market looking weak it is a risky trade to take however I believe that a bounce is soon to come and so have entered myself. Again I don't use stop losses or tps as I watch the charts on a daily but if someone was to size up their position they could do so like this.
ENTRY 24.91, with 20x leverage
Polkadot or Etherium?Straight to the point. In my opinion DOT will be a better performer than ETH this year.
As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices.
The 1.618 fib level is not out of the question in my opinion. This would put it's USD price at $183 if ETH is at a $5k price tag.