PolkaDot - A Good Opportunity in Long term? Current trading values are similar to the ones in 2020 December when the coin was first launched.
I believe we will see Polka rising to its former Higher Highs before the end of this year.
Polkadotanalysis
#Polkadot down 88% in 11 Months, is the DOT Bear Run Over?Past Performance of Polkadot
Polkadot, like most coins, is inside a trading range, and buyers are yet to unshackle themselves from determined sellers. From the daily chart, DOT is up a paltry six percent from September 2022 lows. However, from the daily chart, there are flashes of strength, signaling growing upside momentum.
#Polkadot Technical Analysis
DOT is within a bear formation but bottoming up from 2022 lows. Even though the coin is shaped by the losses of September 18, the rejection of lower prices in the first week of October may be the basis for more expansion in October. Whether DOT's impressive performance thus far can continue depends on whether there is a high volume close above the middle BB and $7, the upper limit of the current consolidation. In that case, DOT may easily soar to $8 and later $9.5, marking August 2022 highs.
What to Expect from #DOT?
DOT is at around 2022 lows and down 88 percent from 2021 highs. After months of lower lows, the bear run may be near. However, this depends if DOT can close above $7 with increasing trading volumes. If not, further losses below $6 may quickly lead to panic sales to new 2022 lows.
Resistance level to watch out for: $7
Support level to watch out for: $6
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Polkadot is Free Falling, DOT May Collapse to $6Past Performance of Polkadot
Polkadot bears are relentless at spot rates, per the formation in the daily chart. After a brief consolidation, DOT prices are down double digits in the last trading month, dropping nine percent on the previous trading day alone. As per the DOT candlestick arrangement, traders should look to align with the primary trend by unloading on dips below $8 and the middle BB.
#Polkadot Technical Analysis
Currently, sellers are firmly in control. After the DOT price consolidated in the first week of September, even printing encouraging higher highs, the coin is now recoiling from the middle BB and August 26 highs at around $8. Technically, bears are in control. DOT is under pressure from an effort versus result analysis since buyers didn't break above the middle BB or reverse losses of August 26 or 19. With the trend defined and the coin within a bear breakout formation, the immediate target is at $6, marking July 2022 lows.
What to Expect from #DOT?
Even though buyers are upbeat and confident that DOT's bottoms may be in, the liquidation wave appears too strong for bulls. Sellers are in a commanding position, reading from the formation in the daily chart. If DOT fails to hold prices above $6, the coin may slide to new 2022 lows.
Resistance level to watch out for: $8
Support level to watch out for: $6
[ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
Polkadot DOT: Not Looking GoodHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Polkadot (DOTUSD).
The chart is self-explanatory. With the crypto market going through a correction, Polkadot may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Line, VPVR, Ichimoku Cloud, RSI, MFI and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas 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
DOT descending channel. make or break the middle line?#DOT/USDT
$DOT is inside descending channel and around the middle line.
🐮 holding the middle line as support will increase price toward upper line.
🐻 break down from middle line will drop price to lower line, as the middle line can be the neck line of head and shoulders pattern.
DOT cup and handle#DOT/USDT
$DOT shaped a Cup & Handle pattern in 1h time frame!
🐮 breaking out the middle and upper line of descending channel that is the handle will confirm this pattern and will bring it up to touch 2 fib level of the cup which is around $8.4.
🐻 breaks down from the lower line of channel will invalid this pattern and can drop price to middle line of daily descending channel around $7.
#Polkadot Remains Bulls despite DOT Slipping from H2 2022 HighsPast Performance of Polkadot
Like the rest of the crypto market, Polkadot is relatively suppressed when writing. There are hints of weakness, and the coin is down six percent on the last trading day versus the resurgent USDT. Still, buyers appear to be in charge in short to medium term. Notably, the August 8 bar is bearish, reversing gains of August 8, a net bearish.
#Polkadot Technical Analysis
Traders are upbeat, and DOT is up 50 percent from 2022 lows as prices bottom up. The immediate resistance is at $9.5, a price zone that also flashes with May 2022 lows. If buyers reverse August 8 lows and remain above $7.8 and the middle BB, every low may provide a loading opportunity as DOT flies to H2 2022 highs. This may provide an impetus for aggressive traders to buy on dips, targeting $10 and $12 in the medium term. However, if bulls struggle and prices drop below August 8 lows and 7.8, the odds of DOT slipping to $6.3 in confirmation of the August 1 bear bar will be elevated.
What to Expect from #DOT?
Polkadot is bullish and within a bullish formation as per the arrangement in the daily chart. Still, there must be confirmations, shaking off bears of August 8. Technically, DOT is bullish above $7.8 and may float to new H2 2022 highs if prices recover from spot rates.
Resistance level to watch out for: $9.5
Support level to watch out for: $7.8
Disclaimer: Opinions expressed are not investment advice. Do your research.
DOT above support#DOT/USDT
$DOT is above the trend line that is the same as the support zone.
🐻 price may have more drop in the short term to touch the support zone where meets curved support.
break down from this support will drop the price to descending trend line (green).
🐮 holding above the support zone can bring back bulls in play and attempt to break out descending trend line to reach the next trend line above.
#Polkadot Tethered at 2022 Lows, Will DOT Hold Above $6.40?Past Performance of Polkadot
Polkadot remains under pressure at spot rates, as per the development in the daily chart. Even though buyers are optimistic about the project, expecting its value proposition to propel DOT higher, bears are firmly in control at spot rates. Currently, DOT is down 71 percent from April 2022 highs and hanging precariously at 2022 lows at $6.40. In the past 24 hours, DOT is stable but down 15 percent week-to-date versus the USDT. The slump points to strong liquidation pressure as the crypto market generally struggles against the wave of sellers.
#Polkadot Technical Analysis
DOT is down double digits week-to-date and trending inside the July 1 trade range. The immediate support is at $6.40, while bulls have resistance at $7.20 and the middle BB on the upper side. Even though there are attempts at higher highs, given the slight divergence from the lower BB, bears are in command. Therefore, aggressive traders can unload on every opportunity higher towards $7.20. Meanwhile, deeper losses below last week's lows at $6.40 may force DOT towards H2 2021 lows at $4.40, or worse, in a bear continuation pattern. Conversely, there will be hope for bulls if there is a solid break above the middle BB at the back of rising trading volumes at around $7.50. In that case, prices could recover to $8.50 and later $10.5.
What to Expect from #DOT?
Sellers are firmly in charge, and there is no clear indicator pointing to bottoms. Therefore, bears may continue to unload, targeting a retest of H2 2021 lows. Still, on the brighter side, a close above the dynamic resistance line, that is, the middle BB, may anchor the next leg up towards $8.5 in the short term.
Resistance level to watch out for: $7.20
Support level to watch out for: $6.40
[ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
POLKADOT the last chance and the range market 📖🚀Hello 🐋
Based on the chart, the price is close to the green trend line and major support or better to say the previous zone that started its amazing pump to the upside ✔️
if
the price breaks the red trend line to the upside, we will see more gain besides the range market is acceptable scenario too 📖💡🚀
and
if the price break the rang area to the upside, we will see more gain 🚀
otherwise
we can see more correction ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
#Polkadot's Upside Limited, will DOT Steady above $8.5?Past Performance of Polkadot
The broader crypto market expects a recovery, a development that might lift DOT prices from 2022 pits. Still, sellers remain firmly in control with resistance at the middle BB. Currently, DOT crypto prices are struggling against a deluge of selling pressure. The coin is down roughly three percent in the past trading week.
#Polkadot Technical Analysis
DOT prices are inside a tight trade zone, tracing the middle BB as bears diffuse attempts for higher highs. In a bear flag, the coin has support at $8.5. On the other hand, resistance is defined by the flexible resistance line, the middle BB, and $11. Ideally, buyers should wait for confirmation of May 13 gains. That will mean a clean break above $11 with rising trading volumes. If not, any drop below $8.5 or last week's lows could trigger a sell-off towards $7 in the immediate term.
What to Expect from #DOT?
Polkadot is struggling, and bears are in a commanding position. The odds of unexpected recoveries above the middle BB are slim to none. Accordingly, aggressive DOT bears may unload on dips, doubling down, especially if there are further losses below last week's lows.
Resistance level to watch out for: $11
Support level to watch out for: $8.5
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Polkadot Breaks above the Middle BB, Buyers set Sight on $12Past Performance of Polkadot
The rising crypto market tide is lifting Polkadot bulls, as per the performance in the daily chart. DOT is stable on the last trading day and up three percent in the previous trading week. Still, bulls appear to be building up, solidifying their base. Confirmation of the close above the middle BB of May 30 could spark demand, lifting DOT to new heights.
#Polkadot Technical Analysis
DOT prices are above the flexible resistance line (now support) in a bullish breakout for the first time in roughly two months. Although DOTUSDT is within the May 11 trade range, the probability of buyers adding to their longs and breaking above $12 remains high. Such a move will nullify bears and set the ball rolling for more gains in the immediate term. At spot rates, aggressive DOT buyers may buy the dips as long as prices are above last week's lows of $8.7 in anticipation of a leg up above May 11 highs.
What to Expect from #DOT?
The resurgence of digital assets positively impacts DOT as it is up in green, arresting sellers and reviving bulls. Still, gains above $12 could trigger more buying pressure, allowing Polkadot bulls to unwind deep losses from early April 2022.
Resistance level to watch out for: $12
Support level to watch out for: $8.7
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Polkadot is up 37% from 2022 Pits; DOT Resistance at $12Past Performance of Polkadot
DOT prices are relatively steady at spot rates but are up roughly 37 percent from 2022 lows. Bears still have an advantage and are in charge of the current trend. Notably, prices are oscillating inside the recent wide-ranging bear bar of May 18. This bar is inside the main sell candlestick of May 11, pointing to struggling bulls unable to contain the strong wave of selling pressure. DOT is up three percent in the past 24 hours at spot rates.
#Polkadot Technical Analysis
Currently, the primary trend is bearish. The immediate resistance levels stand at $12, flashing with May 11 highs, and the middle BB, the flexible liquidation level. This preview cancels bull optimism resulting from the series of higher highs relative to the lower BB from May 13. Every retracement towards $12 may see sellers liquidate with targets at May 2022 lows of around $7.5. However, there could be clear opportunities if DOT prices slide below $9.3. Risk-averse traders, bullish on DOT, must wait until there are solid gains above $12. Ideally, the expansion ought to be with rising trading volumes. This may build the foundation for another leg up to $14, retesting the Q1 2022 lows.
What to Expect from #DOT?
Polkadot has an active ecosystem with a novel model for scaling. As crypto prices recover, DOT will likely rise with the tide. Presently, DOT is in a precarious position and may dump if bulls fail to hold above key support levels.
Resistance level to watch out for: $12
Support level to watch out for: $9.3
Disclaimer: Opinions expressed are not investment advice. Do your research.
Polkadot: Taking a HeaderSplash! Polkadot has taken a header into our blue trading area, a shape we generally use to mark long-term entry opportunities in our chart analyses. As soon as the altcoin has finished wave ii in magenta there, we expect it to move upwards. Once it has climbed above the resistance at $22.50, Polkadot should have enough drive to make it above the next mark at $50.55 as well.
DOT Analysis 09/03/2021we have achieved our Past Specified Targets and now Updating the Idea and Taking New Positions
as you can see the price has done its accumulation phases in 2 zones and triggered our past TPs with a sharp Impulsive wave and consolidating above our 3 TP,
it will started its Rally after some consolidation as we can see there exist a Hidden Bullish Divergence with MACD Histogram, which is the sign of trend continuation.
there total of 3 New Targets specified where as the 3TP will gets its confirmation if the Price Triggers and Correct the 2 TP which is the extension zone of Fibonacci Projection of the Previews impulsive wave.
DOT USD ANALYSISPolkadot has a nice healthy bullish trendline which is holding. When we break this resistance, we can go to $27. Just watch EMAs and volume.
POLKADOT(DOTUSDT) SHORT TO $8-$9 POLKADOT(DOTUSDT) is going through an A-B-C correction. The correction looks like a Zig-zag correction which is a 5-3-5 wave design
Wave A - Went from $49 to $10.6
Wave B - Went from $10.6 to $55
Wave C - it's a 5 wave series and I think it will end up at $8-$9 zone before reversal
POLKADOT(DOTUSDT) going to retrace to 88.6% or 94.1% correction TO $8-$9 . We are presently at 78.6% FIB retracement, so the next best points are 88.6% and 94.1% and they are derived by the following formulae:
88.6% price level is derived by squaring (or multiplying by itself) from the Golden Ratio, 0.618:
0.618 x 0.618 = 0.786 (78.6%)
0.786 x 0.786 = 0.886 (88.6%)
0.886 x 0.886 = 0.941 (94.1%)
88.6% retracement price is $9.3
94.1% retracement price is $6.7
I believe POLKADOT(DOTUSDT) will still be shorted and may find the reversal between 88.6% and 94.1% zone because that's also a junction point where retracement of the whole five-wave series and the extension of the A-B-C meet
Please like and comment for feedback
Polkadot ($DOT) Buying ZonesImportant Buying Zones for Polkadot ($DOT).
BUYING ZONE 1 - $23.4 - $24.1
BUYING ZONE 2 - $15.8 - $16.6
BUYING ZONE 3 - $10.3 - $10.9
BUYING ZONE 4 - $6 - $6.9
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 $50.5587, ascend further still.
Polkadot Future is BrightFast update.
- Let me be clear on Polkadot, we didn't break any up trend while BTC was dipping.
- As you can see on the Graph DOT bounced on his trend (White Line) ( Actually EMA100 / 1D TF).
- Acala Network Won first Parachain.
- Second Parachain Round just started.
- Don't forget that Polkadot huge ecosystem, not same as Solana (Smaller), it will take more time but the long term finality could be impressive.
- Unless TheKing not fails Polkadot won't dip more, like most of all altcoins.
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Trade Plan Unchanged
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TP1 : 75$ ish
TP2 : 100$ ish
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i will add in comments olders analysis.
Stay S4fe and follow the King!
Happy Tr4Ding !
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
DOT/USDTHi guys
Polkadat has created an uptrend and by correcting its previous wave based on Fibonacci lines, if the uptrend continues, we can see growth.
Many thanks to the tradingView support team
