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Polkadot

DOT is Possibly forming a Head and Shoulder Pattern.Hello every one DOT / TETHERUS DOT is in a Big Head and Shoulder Pattern. But The Right shoulder has not been Created yet! The Strong Support For DOT Right Now is around 25$ which is also The Neckline for The Head and Shoulder Pattern. There is a Resistance around 39$ as well. Some Bullish Signs are Visible on The Chart. For Example PARABOLIC SAR Shows Some Dots Under the Price which means The Price is Getting Ready to Go Upward! There is also a Regular Bullish Divergence (+RD) on MACD & we can see a Bullish Cross is gonna Happen on MACD's lines as well!(Blue Line which is MACD line is gonna Cross The Red Line which is the Signal Line). all these Evidences Suggest That The Next Shoulder of this Head and Shoulder Pattern will be Created and After That the odds Of breaking The Neckline and moving Downward For DOT is Pretty High! Summary: -DOT is Trying To form a Big head and Shoulder Pattern -Support at 25$ -Resistance at 39$ -Right Shoulder has not been Created yet -Parabolic SAR & MACD Suggest the Creation of The Right Shoulder Is Possible -No Break out From The Head and Shoulder yet, But It will be bearish. 🔴This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
1
POLKADOT (DOT) IS IN ACCUMULATIVE ZONEHow is it going, everyone. Haven't posted for a while. Today we are going to take a look at DOT/USDT and we are gonna try to define its situation. First of all, I want to tell you a few words to calm you down of a big depression on a cryptomarket. Guys, for now on, a lot of coins are in accumulative zone, so it was one of the last shakeouts before the major move up. Take a deep look at the chart. I have pointed out wyckoff names on the chart so you could see whole situation. Let my start with the accumulation zone. You may ask: "Quantye, why are we considering it like and accumulation?". Well, thats simple.Look at the price action. We can see that price has come to a global zone of OB. Here the show starts. We see a strong accumulation with "UA", which shows a great and aggressive support of buyers. The next step was forming the liquidity with following take-out. After taking the liquidity, we saw a quite shakeout with a high volume on the chart. What are we expecting now? Well, for now i have drawn a zone of demand consisting of LPSY and OB. Right now, i am waiting for an uptrend momentum to the level price of 35-36. But, in my opinion, we may stop here for some moments and then see a great momentum. I have tried to write as less as it was possible for your understanding. Thank you for your time and support. Write me, if you have some troubles with understanding or anything else. I always read your commentaries :) And Always Remember : Trade wisely and put Stop Loses.
Long
by Quantedyth
4
Polkadot: My Trading Plan and Where is the Bottom?From my point, Polkadot is one of the most interesting assets in the crypto market. It has very strong fundamentals as well as a good room for upward movement. Several weeks ago, we could discuss the potential top around 100$-150$ in the bullish market. Today, probably the ATH will be the perfect target for 2021 and the beginning of 2022. Let's look at the daily chart and try to plan our future trading based on the price action at the key levels and signals from indicators. The price moved downward from 55$ and bounced from the key support between 26.504 and 24.85$. This support is very important for the market. Just look at the price action around these levels in the past. The prices bounced from the key support several times. We could say that the price reached the bottom. Also, if we use the Fib tool, we can see that the price reached 0.618 level. It shows a deep correction in the trend market. RSI reached the oversold zone and confirmed the price reversal. The same goes for the MACD histogram. The candlestick patterns supported the price reversal as well. The market had everything to start a new upward movement the direction of the main trend from this support. But every time the price started the upward movement and built the bullish structure in the hourly timeframes, we could see bearish pressure and further downward movement to the support. For me, it is a sign that manipulators are not going to push the price upward. They are not ready. Probably they have another plan. How to plan future trades? From my point, there is not much sense to continue the downward movement as the market doesn't have much room for it. Maybe an additional 5-10% below the support will be possible. If we use the Fib tool again, the lowest level for a correction movement is 0.786, and it is 20$. In many markets, such deep correction will tell about a trend reversal. But the crypto market is a high volatility market, and we could see such deep corrections, but the market stayed bullish. I would like to consider 20$ and 0.786 Fib level as the 2nd bottom, but I don't see any fundamental reasons to reach that level at least right now. I think the most logical movement will be to show a breakout below the key support in order to kick as many retail traders from the market as possible. The manipulators can push the price below 24.85$ in order to reach stop orders of those traders who have long positions and margin traders. It is easy money and why not take them? After that, the manipulators can push the price upward. We will see a false breakout below the support and maybe a daily candle with a long wick on the chart. If so, it will be a strong bullish signal. My trading plan is the following: 1. A new reversal from the support will give me trade opportunities for buying. 2. A false breakout below the support will give me new trade opportunities for buying. 3. A breakout below 24.85$ will close my long positions by stop, and I will wait for new trade opportunities from 20$ and 10$ levels. And what about you? How are you going to trade if the price moves up? How are you going to manage your active positions if the price moves down? Share in the comments, let's discuss. Thanks for your attention! I hope this post will give you a better understanding how the market will be able to move further and you will plan your trades properly. Also, I will be grateful if you support my work by smashing the LIKE button! It motivates me to continue my work on this platform. Have good trades!
by DLavrov
42
DOTUSDT - Polkadot Trading Strategy (Long)In light of a recent mass liquidation we currently find ourselves in a beautiful opportunity to DCA our existing spot positions, or create positions in coins you have minimal to no exposure in. Asides from loading up our bags; we are currently watching BTC's descend to the bottom channel of the liq wick. As depicted in my previous posts, we currently have a short trade strategy on BTC that has yet to come to fruition. We are currently watching the 2 possibilities outlined in that post; BTC will be our only current short position, the remainder of our strategies will be focused on entering longs for the recovery run. One of those potential entry's being on Polkadot ( DOT ) Trade: - We are currently waiting for BTC to find bottom, until BTC bottoms we will not be entering into any long trades as there is no reason to force trades when BTC is in a downtrend. - Once BTC finds bottom in the 44K range we will then begin to plan our long entries - Currently we are looking for DOT at the bottom of the demand zone depicted in the chart above, until BTC finds bottom we are unsure on how low DOT may also retest so we will be waiting for BTC to signal a reversal; where we will then find ourselves finalizing our entries *Not Financial Advice
Long
by EasyMoneySniper81
DOT Polkadot: Next Leg Up PossibleQuick Analysis on Polkadot ( DOTUSD ) on a 1D Linear Chart: 1) An Arc line has been drawn for Polkadot as the price has been moving up the Arc. 2) From the first top price of about $51 to the next top price of about $55, there was an estimated 10% price increase. The estimated new All Time High for the price, assuming a 10% increase, would be around $61-$62. 3) The RSI (relative strength index) has the potential to go back up as it is currently hovering in the oversold region and with a possible double bottom pattern, it could move up quickly. 4) The Volume is heavy. 5) After this move upwards, the price may have the potential to go Parabolic! What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:DOTUSD
by MillionaireEconomics
10