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Polkadot

Polkadot Next BullRun- Okay now that we got the Bottom ( 4.3$ ish). - We can try to calculate the highest points for the next bull run. - i am not in patterns too much but we can see that DOT formed a kind of Cypher Bullish Pattern. - A resistance was created around 9.80-10$. - So Polkadot will have to go retest this zone and breakout to climb more. -------------------------------------------------------------------------------------------------- - TP Zones : -------------------------------------------------------------------------------------------------- - TP1 : 50$ ish (ATH 2021). - TP2 : 85$ ish (161.8 Fibo). - TP3 : 200$ ish (Max Fibo 423.6). -------------------------------------------------------------------------------------------------- - Like Always : -- Take your train ticket before the mass. -- Sell when others rush to buy :D. Happy Tr4Ding !
KRAKEN:DOTUSD
by thecryer
39
Polkadot (DOT) Daily Chart AnalysisCurrent Situation: A detailed examination of Polkadot’s (DOT) daily chart reveals a bearish sentiment. The price faced rejection after a period of sideways movement around the critical $7.5 resistance level and the significant 200-day moving average. Bearish Indicators: Resistance Rejection: The price was rejected at the $7.5 resistance level, reinforced by the 200-day moving average. Seller Dominance: Sellers are currently dominating the market, suggesting a bearish retracement towards the $6.5 threshold is increasingly likely. Key Support and Resistance Levels: Resistance Level: $7.5 Support Level: $6.5 Market Context: Despite the bearish sentiment, Polkadot remains confined within a decisive range marked by the $7.5 resistance and $6.5 support. A breakout from this range will likely establish the direction for a sustained trend. Trade Strategy: For Bears: Watch for a break below the $6.5 support level for potential short opportunities, targeting lower levels. For Bulls: A break above the $7.5 resistance could signal bullish momentum, providing opportunities for long trades. Stay vigilant for a decisive breakout from this range to gauge the next sustained trend direction for Polkadot. #Crypto #Polkadot #DOT #MarketAnalysis #SupportAndResistance #BearishTrend #200DMA #TradingStrategy #Cryptocurrency #Blockchain
Long
by Richtv_official
DOT is bullishWe have a bullish CH on the chart and we have higher highs and higher lows. By maintaining the demand area, it is expected to move towards supply The targets are clear on the chart Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Long
by iMoneyTeam
Polkadot to 31.Polkadot made a higher high in March, since then Dot went down by 41% and still consolidating. 41% may sound awful but it is a great opportunity to invest or do futures trading. 5.5-6 would be a very comfortable area to consider investing or trade. As you can see Fibonacci 0.5 and 0.618 are perfectly lined with crucial zones. I will be taking profits at those green lines. For Spot trading I suggest HODL a little longer till Dot makes a higher high. Hope you can understand and sorry about my English.
Long
by terayu
Important points: 6.684, 8.144, 10.611Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DOTUSDT 1M chart) The key is whether it can rise above 9.262 and receive support. (1W chart) It is expected to rise above 10.373 to escape the bottom section. To do so, the key is whether the price can be maintained by rising above the HA-High indicator (8.144) on the 1W chart. The full-fledged upward trend is expected to begin when the price rises above 19.370, which is the volume profile section. (1D chart) The M-Signal indicator on the 1W and 1M charts is passing through the 7.319-8.144 section. Therefore, it is highly likely that an upward trend will begin if the price is maintained above 8.144. If not, and it falls, you should check for support around the HA-Low indicator (6.684) on the 1D chart. From the current price position, the HA-High indicator on the 1D chart is formed at the 10.611 point, so it is expected that the full-fledged upward trend will begin only when it rises above this point. Therefore, the critical points are 6.684, 8.144, and 10.611. You can proceed with your trade depending on whether there is support at these three important points. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
POLKADOT Are you ready to move 30% ?Polkadot: Coiling for a Breakout? Polkadot, the interoperable blockchain platform, has been exhibiting a relatively slow and steady price movement in recent weeks. This methodical approach, however, could be laying the groundwork for a significant breakout. Price Action and Support Levels After forming a well-defined box pattern, Polkadot has established an ascending trendline that is currently acting as support. This consolidation phase has allowed the bulls to gather strength and prepare for a potential surge. The key resistance level to watch is $7.6. A decisive break above this level could trigger a rapid upward movement, potentially pushing Polkadot towards its first target of $8.7. Bullish Momentum and Potential Targets The recent break of the downtrend line and positive technical indicators indicate that Polkadot is ready to break. The bullish momentum could further accelerate if the price manages to hold above the $7.6 support level. With the downward trendline out of the way, a $10 target is not out of the realm of possibility. This ambitious target could be achieved if Polkadot continues to demonstrate strong buying pressure and positive market sentiment. Potential Pullback and Overall Outlook While the bullish outlook is promising, it's important to acknowledge the possibility of a pullback to the $7.6 support area before the continuation of the upward trend. Such a pullback would be a healthy retracement and could provide an opportunity for new buyers to enter the market. Overall, the technical analysis suggests that Polkadot is in a favorable position for a breakout. The price action, support levels, and technical indicators all align with a bullish scenario. However, as with any investment, it's crucial to exercise caution and conduct thorough research before making any trading decisions.
Long
by Crypto-Oracle1
Polkadot - higher time frame setupWe are looking for a higher time frame play on DOT. We believe the recent setback provides a good opportunity to place our first entry. If the price drops further, potentially due to news or other factors, we plan to place a DCA (Dollar-Cost Averaging) bid below the current daily demand zone. The daily demand zone should hold; otherwise, the bullish count would be invalidated, and we could see lower prices. The target is not specified yet as we are waiting for the market to show us potential levels. From the chart, we can see the following key points: - The daily demand zone around $7.17-6.88 is crucial for maintaining the bullish structure. - The next significant resistance lies in the daily supply zone between $8.58 and $9.11. Let's see how this plays out as the market evolves. ✅
Long
by stromm
DOT READY TO BOOM AFTER A PULLBACK!! #Polkadot it failing to flip the local resistance into support. We have a monthly POC and the 0.618 fib level below to hold as support. If we can get a bounce there, I would expect PA to push higher to try and flip the blue box into support next! Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
1
DOT ANALYSIS (6H)From where I inserted "Start" on the chart, it seems that the price entered a correction. This correction is a triangle or a more complex pattern (diametric or symmetrical). From the green area, it can move towards the targets. Closing a daily candle below the invalidation level will invalidate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
DOT/USDT descending channel what next?👀🚀DOT analysis💎 Paradisers, #DOTUSDT is currently nicely tracking a channel trajectory. Will this lead to a swift continuation of the prevailing downtrend, or are we entering a period of uncertainty for sellers? Let’s explore what’s likely to happen next. 💎 It's important to highlight that #DOT has broken below both the downtrend trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This bearish behavior indicates that bears are firmly in control, suggesting a likely continuation of the downtrend. 💎 Currently, #POLKADOT is positioned near a channel resistance that might attract potential sellers. Yet, we must be wary of potential price spikes upward, often seen as "stop-loss hunting" events. Such movements can introduce temporary volatility and challenge the prevailing bearish sentiment. 💎 However, as long as #DOT remains under the crucial supply zone level of $7.531, the scales are tipped in favor of a continued bearish trend. Should the price break above this supply level, then a bullish shift might be on the horizon. Staying vigilant and trading wisely is essential for success in these market conditions. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
8
Ditch These ALTCOINS that are UNDER PERFORMING💀Some altcoins have stayed behind during the most recent BTC surge. These include : 👎 DOT 👎 XRP 👎 ADA 👎 UNI 👎 HBAR 👎 CRV 👎 ALGO Overlay any of these with the BTC chart, and you get something similar to this. Now compare it to the PREVIOUS BTC all time high. I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins that can be tradable and profitable in fairly short periods of time. Holding on to an alt that doesn't move for months (only to increase 15%) is a bad strategy. It would have been more profitable to take the loss and trade another coin with 50%+ increase, such as ETH, SOL, DOGE, NEAR etc. to name a few examples. Ditch them and focus instead on coins with more volatility - You can't be holding through an entire new BTC high and the alt has barely broken out of accumulation - this simply won't do, because there are many other trading opportunities where you can make bigger gains and better profits just because they actually move. _______________________ BINANCE:BTCUSDT BINANCE:XRPUSDT BINANCE:ADAUSDT BINANCE:DOTUSDT BINANCE:CRVUSDT
Short
by Crypto-Check-
12
Polkadot Tealeaf AugurSwing trade This is a loose plan, trend following with some target levels . I now believe it's almost impossible to predict exact movements like I used to try to in some of my older calls based on classical patterns, waves, Wyckoff etc. The mind kind of sees what it wants to. If it works great, but I've had my biases really distort what's actually on the chart too many times now. I am biased on the long side because of the sector's bullishness overall. There's also an upcoming Polkadot 2.0 upgrade early 2024 that should move prices. Polkadot has somewhat underperformed compared to other alts and that gives us a better risk reward ratio and more room for growth. The pattern playing out looks very similar to what Theta/USDT did recently so this trade could be over rather quickly. I've been accumulating since Oct Nov under $6 without a trading plan, got blindsided by the retracement that started after Christmas and now moved my stop loss to breakeven. Here's how I'm trading this going forward: Strategy / Trading Plan Looking for entries using the 4 hour, look for a pull back to baseline or below using half of your position and using an oscillator to time on a lower time frame. If the direction proves correct start pyramid into pullbacks around the baseline of the Keltner Channel 2,1 ratio or skyscraper in for a more aggressive approach. Risk Management The stop loss is just below the recent double bottom (~7.22), adjust to your risk tolerance, some other places to consider are just below either 7.78 or 8.34. Move stop to break even as soon as it makes sense and adjust a trailing stop loss to taste as the price moves in your favor. Goodluck and happy trading. -Hexxi
by Hexxi
3