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Polkadot

📈 Polkadot (DOT) Spot Long Trade AnalysisAn analysis of Polkadot (DOT) highlights a potential spot long trade opportunity, emphasizing range support, resistance, and risk management for strategic decision-making. Key Highlights: Range Support: DOT is noted to be at the $7.24 top of the range support, providing a potential entry point. Take Profits (TP): The proposed Take Profits (TP) level is set at the next resistance area of $8.00 - $8.50. Stop Loss (SL): Risk management includes setting the Stop Loss (SL) just below the bottom of the range low support at $6.85. #Polkadot #CryptoTrading #RiskManagement
Long
by Richtv_official
DOT/USDT Anticipating a Breakthrough in Resistance? 👀🚀Polkadot💎Paradisers, focus on DOTUSDT as it's currently exhibiting a notable pattern in the market. Following a recent rejection at a key resistance level, IT is gearing up for another attempt to break through, hinting at a strong possibility of a bullish movement. 💎 Reflecting on #POLKADOT market behavior, we've observed its proficiency in maneuvering through a descending channel, breaking above to commence a significant upward trajectory. Currently, #DOT is maintaining a solid stance above the support level of $6.943. If it continues to exhibit strong momentum, there's a high likelihood of a robust bullish move aiming to overcome the formidable resistance at $9.703. 💎 However, in the dynamic world of cryptocurrency, alternate paths are always a possibility. Should #DOT fail to sustain its momentum, the focus may shift towards a bullish recovery from the support level of $6.197. Importantly, a fall below this level could potentially lead to a downward trend. 🌴💰
Long
by MyCryptoParadise
DOTUSDT Breaks Trend Line!The DOT/USDT trading pair has recently experienced a notable development as it broke a significant trend line after a prolonged period of consolidation. This breakout suggests a potential shift in market sentiment, with bulls gaining momentum. DOTUSDT (1W Chart) Technical analysis DOTUSDT (1W Chart) Currently trading at $5.9 Buy level: Above $5.7 Stop loss: Below $4.2 TP1: $7 TP2: $9 TP3: $13 TP4: $18 TP4: $23 Max Leverage 2x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
4
POLKADOT: +100%! What's Next?In our last analysis, we identified that we were in a 535 zigzag pattern. We had a bullish setup on the completion of wave B (subwave C). We moved up perfectly and gained over 100% raw gain from that trade! We are now at a critical zone. We are looking for a rejection here and then a move down to complete the major ABC zigzag pattern. Trade Idea: - Watch for rejection of structure - Safe entry on break of red trendline - There may be a risk trendline lower timeframe so do keep a look out for that - Targets: 3.6, 2, taper positions thereafter Goodluck and as always, trade safe! See our last analysis below:
BINANCE:DOTUSD
by WicktatorFX
8
DOT/USDT In the crucial area. Break out or rejected again??💎 DOT has certainly commanded considerable attention within the market. Currently positioned in a key supply area, DOT necessitates a breakout to sustain its upward trajectory. Success in breaking through this robust supply zone could herald a bullish shift in the mid-term, probability facilitating an effortless movement toward our target area. 💎 It's noteworthy that DOT has encountered challenges in surpassing this supply region in multiple instances, facing rejections that led to downward movements. In the event of another failure to breach the strong supply area, there's a possibility of a retracement towards the demand zone, initiating a fresh phase of testing and momentum building. 💎 The unfavorable scenario materializes if, during the retesting phase at the demand area, DOT struggles to maintain its position and eventually breaches the demand zone. In such a situation, DOT would revert to a bearish movement, potentially retracing to the strong demand area.
by MyCryptoParadise
4
Polkadot(DOT): Rising Channel Is Getting Weaker A rising channel is spotted on the DOT coin, indicating an uptrend in the short term. However, the price is currently showing an early weakness, breaking the middle line of Bollinger Bands Path. We have two possible movements here, but the end destination is the same for both of them! First scenario: We see a price to move towards upper "liquidity zone," from where we will be looking for a downward movement Second scenario: Current weakness will continue to break that rising channel, resulting in a n early downward movement towards $5.03 or even $4.81 Swallow Team
Short
by SwallowAcademy
8
USDT/DOT Speculative Trading IdeaBelow is a speculative trading idea for the DOT/USDT pair. Currently, the asset's price has broken through an inclined level after updating the minimum at the price of $3.550 within the current global downtrend. After reaching the $3.550 level, there was a rebound, amounting to over 41% to the current price. This situation indicates an attempt to break the local downtrend in effect in 2023. As we anticipate a price correction, we identify two entry points for the asset to continue the upward movement within this correction. We place our first limit orders to buy DOT at price levels of $4.550 with a growth potential of 37% to the price level of $6.273. We place our second limit orders to buy DOT at price levels of $4.220 with a growth potential of 50% to the price level of $6.273.
by Rick_SimpleSwap
5
POLKADOT long term goalIs It Finally Time To Buy DOT As Polkadot 2.0 is Coming? hello dear trader and investors do you know( polkadot v2) faster than sol and kadena? Is It Finally Time To Buy DOT As Polkadot 2.0 is Coming? it is time for polkadot ’s rally Polkadot 1.0 vs 2.0 — A comparison between Polkadot 1.0 and Polkadot 2.0 highlights significant differences. The transition from slot leasing to a cumulative asset model will enable smaller projects to access Polkadot’s infrastructure without committing millions of dollars or locking up tokens for extended periods. The number of available parachain slots is expected to increase from a limited 50 to a range of 500 to 1,000 cores, further expanding Polkadot’s capacity to onboard projects. Polkadot 2.0 Launch Date — Gavin Wood, Polkadot’s founder, has been actively involved in developing Polkadot 2.0. While the technology is expected to be ready by late 2023, the official upgrade and release will occur in early 2024. This timing aligns with the end of the major DOT unlock events, potentially setting the stage for a new wave of positive sentiment. Polkadot 2.0’s new system for allocating block space could increase liquidity for the DOT token. Revenue generated from core time sales will be channeled into the Polkadot Treasury, and token holders will have a say in how these funds are distributed through governance. Periodic token burns are also being considered, which could make DOT deflationary and positively impact its price. good luck
Long
by mehdi_kb
DOT Future Outlook 🚀One cryptocurrency that is lagging behind in my opinion is Polkadot. Our last limit order for DOT didn't get filled. After close scrutiny, it appears to be a completed Wave (a), with the formation of Wave (b) underway or just completed. There might be a brief upward move, but I don't anticipate it surpassing the level of Wave 1. A Flat pattern, whether Regular or Expanded, seems likely, potentially for wave (c) retracing precisely to the wave (a) level or just below it. Considering this as a Wave 2 scenario, a wide stop-loss is advisable for added safety. A target around $7 would represent a 50% retracement, while pushing to $8 could mean a 67% gain. 📈
BITFINEX:DOTUSDLong
by stromm_by_wmc
2
DOT Polkadot Price TargetIf you haven`t sold DOT here: Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is DOT Polkadot. I've set a short-term price target for DOT Polkadot at $0.41. Looking forward to read your opinion about it!
Short
by TopgOptions
3
Polkadot DOT to $150 - BUY & HODLPolkadot is a nice project, it has real value behind it. DOT ( DOTUSD , DOTUSDT , DOTBUSD ) , like all others, is cooking something. Cryptocurrency Markets will eventually start another Bullish Cycle. However, for that to happen, first and last: bad news and bad bad things need to happen. Why? So that rookies will give in and surrender. That's how it works. When people sell out of fear, I buy! So, I have been, and will continue buying all major falls. I am a Crypto Bull, what can I say... I'm not investing my bread money, and neither should anyone else. It's for the long-term, and with a little bit of luck, I will put my son to a good school once he's of that age. Yeah, that's why we keep buying all these :poop: coins. :D So, let's get on with it! My best buying level is: $2.5 . The Fibonacci Time Zones & Cycles tell me that this December there is a good chance that Santa will come. IMO, The 2nd wave of the Fibonacci Summation is here. Patience is needed though, because this rocket needs to gather fuel for that trip to Mars. I've decided to set the bull-leg time-frame for early '23. Until then, I'm loading ammo: HODLer style LOL. Technical Analysis: * Elliott Wave A-B-C Pattern * Harmonic Pattern: Bullish Cypher * Ending Diagonal * Bullish Divergence * Fibonacci Retracement: 88.6% * Fibonacci Extension: 127.2% * Demand Zone Good luck my fellow HODLer! Richard
DLong
by Lionheart-EWA
9
See if it can rise above 6.207-6.280Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DOTUSDT chart) DOT corresponds to a coin that is expanding the coin ecosystem. And, it is one of the coins that has not yet risen above the MS-Signal indicator on the 1M chart. Accordingly, the key is whether the price can rise above 9.262 and maintain the price above the MS-Signal indicator on the 1M chart. (1W chart) To break out of the bottom zone, the price must rise above 6.207 and remain there. However, the section where a full-fledged upward trend begins is expected to occur only when the price rises above 9.262-10.1307. (1D chart) Currently, the M-Signal indicator on the 1M chart is located above 7.187. Accordingly, it is necessary to check whether the price can be maintained by rising above 5.382. If that happens, it is expected to lead to an attempt to touch the M-Signal indicator on the 1M chart by rising to around 6.207-6.280. If not, you should check for support around 4.876. If it falls below 4.876, it will fall into the mid- to long-term investment area, that is, the bottom, so be careful. -------------------------------------------------- - 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. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
DOT/USDT , Accumulation zone?Indicates the average price before the asset pumps in 2020 The price is down 93.53% from its high. We see each time on the weak reaction of the coin (breaking the resistance line of 434 days by 58.72%). Now is in a descending channel of 462 days , the reaction to work out the wedge +42.40% - into the resistance of the upper boundary of the channel The price is down to low values, pushing down, there is no positive news, is it all bad? (Creating the illusion of a commodity that has no price. Buy what is based on your analysis, don't be manipulated! They turn your head in the other direction, in the direction of the spectacle, while the backstage is preparing the next scene for you!)
by DmitriyOstapov
DOT Weekly Analysis - Are We Going to $5 or $15!?DOT broke out of its descending wedge pattern last week with a bull bar closing near its high, a strong breakout bar. Since then, the price has pulled back to the 30EMA, but will it hold? Bitcoin is currently pulling back from its Weekly bull channel resistance as depicted in my Bitcoin 4HR and Weekly analysis. DOT will likely follow its lead with the broader market sentiment and pull back to the top of the descending wedge. If you're looking for a long, you could fade your position from here to the $5 mark and wait for a buy signal and a strong bull confirmation bar closing near its high. For the next couple of weeks, I expect the price to pull back and drip toward the downside. Key Points 1. Breakout from Descending Wedge! 2. Pullback to 30EMA 3. Pullback may continue to the top of the wedge. 4. Bitcoin Leading Indicator, Pulling Back 5. RSI is just above 50.00, Room to Fall You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
BINANCE:DOTUSD
by TraderEngineering
DOT & Market coming down?I have a portions staked and plan on buying more but I am happily going to swing trade the portions I took out of the market. I saved myself from some major losses of gains and I PROTECT MY PROFITS!! I want you to protect your profits. Plenty of people that were long term investors of all crypto were shaken out. They went long or short 5 min early or late & missed their ride in the wrong hood. They are now not there to help pump the price or volume and if Blackrock can watch the blood dry and then come in for the Bull run in the BULL market they would rather. This I believe is the BEAR market bull run. Now I have a larger portion to swing trade with. Be safe. Good luck. This is not financial advice. Everything can shoot the moon and also go down the toilet. I hope the best for the ones who were wiped out today.
BITSTAMP:DOTUSD
by Polarbearman
DOT Polkadot Technical Analysis And Trade IdeaWelcome to our DOT/USDT Technical Analysis and Trade Idea. In this video, we will delve into the charts, focusing on the prevailing bearish sentiment found in the weekly (1W) and daily (1D) timeframes. Notably, our charts signal that Polkadot is currently on the verge of a resistance level, a pivotal turning point for this crypto asset. Throughout this discussion, we will explore the fundamental tenets of technical analysis, encompassing vital aspects such as analyzing the ongoing market trend, price dynamics, market structure, and other critical elements of technical analysis. As we progress through this analysis, we will meticulously examine a potential trading opportunity within the NAS100 index. It is important to note that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the stock market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.
Short
by fxtraderanthony