DOTUSD End of 2021 Price AnalysisLooking at Polkadot (DOT) on the 12-hour time frame, it seems to have bottomed & reversed so i’ve created a valley to help visualize where the price is headed.
Polkadot has been in the news quite heavily recently, with all of the institutional money allocated into it behind BTC, ETH as well as the launch of parachains after some five years in development. Parachains are individual networks running in parallel to create a harmonized, interoperable ecosystem.
The bottom was along the $23.26 Fibonacci level and from there we bounced back up. At the moment, Polkadot has regained the 1.0 Fibonacci level at $30.40 and is now looking like its going to continue this momentum upwards towards $35.15+. As long as DOT can hold above the 1.0 Fibonacci level, I believe this trend / momentum is valid and we’ll eventually see this valley play out.
As always please do your own research, I am not a financial advisor.
Polkadot
DOTUSDT Technical Analysis💎 DOTUSDT has broken above a very significant resistance. Due to the Bullish pressure it didn't go for a retest and has been making HHs and HLs. After the pullback we can expect bullish continuation
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🎳 Entry now or from 32.35 - 30.18
☕️ TP1 35.68
🍺 TP2 38.98
🍻 TP3 42.64
🍾 TP4 46.12
🍷 TP5 50.00
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 29.75 - 28.35
Good Luck 🎲
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Dot 20% move incomingIf $Dot can clear $26 then I see an easy 20+% move short after based on a LONG standing diagonal trendline break + horizontal break. This bad boy has been suppressed for too long and looks ready for a push back up.
If Bitcoin loses 47k again, this will quickly lose steam.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Bullish Polkadot ($DOT)One of the coins $DOT I am interested in as well as many others but Medium term I feel this project can excel further as we head into digital transformation further regarding Web 3... (Please do your own research as this isn't financial advice).
Technical View - Out of channel down - Bullish set up -
Pattern - Coming out of descending wedge could head towards 50 - 200 EMA.
Trade Journal
(Not Investment Advice)
POLKADOT is Forming Cup & Handle PatternThe Polkadot price went parabolic since the beginning of December and smashed the monthly highs above $30
The asset is currently encountering a slight pullback which can be seen as a slight correction or relaxation, before the next leg up
Also, the chart so mentions the formation of the Cup, in Cup and handle pattern, which signifies a decent drop incoming shortly
Adding to the substance, the asset in the daily time frame is about to encounter a Death cross, wherein the 50-day MA is about to cross the 200-day MA and move towards the south. And hence dragging the price by nearly 15% to 20%.
Yet the asset could flip the downward trend very soon and attempt to close the yearly trade on a bullish note.
Polkadat is a good crypto. DOT . UPDATE ...
Polkadat is a good crypto.
As I said in the previous analysis, the first target was touched and gained 8% + profit.
Given the failure of the uptrend channel and the stabilization of the high price of the first target, the forecast of reaching the second target and a profit of + 21% is not far from the mind.
Observe capital management
Follow risk management to Reward
Good luck.
DOT - the fall could continue, just wait for these scenarios.The support could not hold the price and the DOT broke the key level. This level is now resistance, in case of a retest, there could be a good selling opportunity.
Liquidity levels, which could hold the price down, are noted below. False breakout of liquidity levels could be a good buying opportunity. A breakout of the trend line could also be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Polkadot Inverse Head & ShouldersPotential price appreciation is about 42$ x2 measured from the head to the neckline, if price breaks above, we could see Polkadot changing hands around 95$ USD approx. Timeline being used is Daily, so this could happen sometime in Q1 or Q2 of 2022. This is purely TA, and we know that cryptocurrencies does not strictly obey TA, so this is just a possibility. Current price around 31, so a safe 3x play from here for more conservative players.
For the record, I am no longer using Binance due to jurisdictional conflicts, but most of my USD pairs are still on BUSD. I don't see the need to change them over for the time being. If you are buying polkadot strictly from a TA perspective, I encourage you to do some fundamental analysis as well, and at least understand the project and the ecosystem based around it. From my perspective, this is a long term hold with a moderate percentage of my portfolio.
DOT reversal is about to begin?I've been accumulating DOT after a long time and late since I wanted to buy when it was below 10 but I didn't have money. As you can see after a -52% dump it looks like price is breaking out of the trendline. Moreover I see the beginning of a bullish DIV that at a certain point will start to play out, probably it has already started.
TMA shows that at daily timeframe price has almost bottomed on its lower band and VLPR shows last bottom was bought heavily. Most likely scenario for me is that we go up and down again until we break out the TMA middle band, probably bouncing off 29-30 USDT to do an HL and then go up.
Worst case scenario is that we go further down to touch 20 USDT (the orange trendline on the bottom). Best scenario is that DOT will do at least a +50% before retracing again but I don't think so because, as usual, BTC dictate the pace.
Sorry if the chart is messy but if you focus you'll see everything.
Good luck
DOT/USDT by CryptoTradersWWDOT pushed strongly from a daily timeframe support of $22.80 - $23.50, breaking the fundamental level. Price broke through the resistance line, indicating that the overall trend is bullish.
The price has now touched a minor resistance level of $29.60 - $30.0.
It appears to be in fantastic shape to begin accumulating now. A fair price range for that is $25 to $28.
Here's where good money management comes in handy.
If DOT follows this plan and goes to take that resistance, the following lines would be the trend I expect and in that case I will make some updates on the chart.
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DOT Polkadot closed 3 of 5 tasks on the 4h chart...DOT Polkadot closed 3 of 5 tasks on the 4h chart...
1. breakout of the resistances on RSI and OBV (done)
2. flip the MA Ribbon bullish (green) (done)
3. breakout of the red trendline channel (done)
4. break the volume resistance
5. confirm breakout(s) and have fun 😎
But be a little careful... hidden bearish divergence with RSI has to be avoided.
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Polkadot is now officially live and onlineOn December 16 at 10:07 UTC, the first five auction winning parachain projects began producing blocks for the first time on the Polkadot network.
Acala, Moonbeam, Astar, Parallel Finance, and Clover are all officially online.
This is a defining moment in Polkadot's 5 year history.
This news is very bullish for a crypto project that has been gaining huge amounts of value while it was just in development stages.
I am very excited for this project, and I believe we can expect the start of another interesting bull run for the $DOT token.
More on this announcement :
polkadot.network
PolkaDot Ready for $100 Club because Strong Buy Pattern#DOT/USDT Exclusion TA Update:-
$DOT finally hit again Strong support as I mentioned in my chart many time.
Strong support = $24
Now Chart..?
As per chart $DOT is bullish and I am also Accumulating here.
I am expecting 150% Profit form support level.
Every time Strong bounce back because of Bullish engulfing Pattern.
This time also Bullish engulfing Pattern at Strong Support level.
Entry:- $24-$28
Target:- $40/$60/$170
Stop Loss:- 23
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