Get started

Polkadotecosystem

TradeCityPro | KSM: Ascending with Key Breakouts👋Welcome to TradeCityPro! In this analysis, I will review the KSM coin. This project is part of the Polkadot ecosystem and the analysis is conducted on a 4-hour timeframe. ⏳ 4-Hour Timeframe: Price Correction After Reaching Significant Resistance In the 4-hour timeframe, after breaking the $22.17 level, the price executed a sharp and substantial uptrend, even managing to breach the resistance at $29.16 and reaching up to the $47.82 area. 🔍 After testing this area twice, the price entered a correction phase and dropped in two legs, first to $33.33 and then to $29.16. With a fake break of the $29.16 support, the bearish momentum in the market decreased, and currently, the price is forming a new structure. 📊 A very important note for the bullish trend is that during the entire correction phase, the volume of candles has been gradually decreasing, and it has now reached its lowest state. The approaching Christmas holidays have also undoubtedly influenced the decrease in volume, and the price may continue to range within this area until the end of the holidays. 🔽 If a third bearish leg occurs, the first trigger is $33.33, which we should wait to see how the price reacts to this area to define it more precisely and become a more reliable trigger. The next trigger is $29.16, which is a significant support. If the price stabilizes below this area, the next support will be at $22.17. ✨ A break below 40.20 in the RSI will aid the entry of bearish momentum, increasing the likelihood of breaking future supports. 📈 Conversely, given the reduced market volume, the bullish momentum in the market remains active. If the trend continues, breaking above 40.58 will be the first trigger. Entering a position upon this trigger helps ensure peace of mind in case of breaking the $47.82 resistance or failing to do so, as the risk of opening the position is accepted beforehand. ✅ The bullish target upon breaking $47.82 is the $59.68 resistance, which will be the initial target of the movement. If this target is reached, I will update the analysis and specify new targets for you. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
7
Polkadot RebornAs always, I’ve kept the chart simple and straightforward, so there’s no need for lengthy explanations: - Bubbles: Red represents resistance, and green indicates support. - Trends: Clearly marked with blue lines. - Historical Resistance: Illustrated with violin lines. Key Notes: - As I’ve explained before, resistances often flip into supports over time, so in this graphic, i turned red older bubbles to green bubbles. simple as that.. - Like many altcoins, Polkadot (DOT) has broken out and is now showing bullish momentum. Important Considerations: - Keep in mind that most altcoins are heavily influenced by BTC, BTC Dominance (BTC.D), and USDT Dominance (USDT.D). To trade effectively, you need to monitor these factors simultaneously. ------------------------------------------------------------------ DOT Support and Resistance Levels: ------------------------------------------------------------------ Support 1: $9.50 (current level) Support 2: $7.50 Support 3: $5.80 Resistance 1: $23.20 Resistance 2: Approximately $50 (previous 2021 ATH). ------------------------------------------------------------------ Potential Targets for the Next Bull Run: - The potential incoming alt run targets are aligned with the trend and marked by grey dotted lines, calculated using Fibonacci. Remember, this is just the beginning, not the end, don’t be fooled. Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
7
Polkadot- I understand it may feel like a challenging time, but remember, fortune favors the bold. - Using extreme leverage, whether 30X or 100X, won't lead to wealth. - it often leads to losses. - Instead, consider buying on the spot market; it's a more stable strategy. When the market dips, that's the perfect time to dollar-cost average (DCA) more. - Hold your positions, stake wisely, and most importantly : - exercise patience. - it's the ultimate key to success. - Keep an eye on the charts, watch for triple bottoms, track trends, and be mindful of bubbles and Fibonacci levels. Happy Tr4Ding!
KRAKEN:DOTUSDLong
by thecryer
17
Polkadot Critical Momentum - Since 2015, Bitcoin showed me a glimpse of what decentralization could achieve – true empowerment of people through a trustless, resilient network. - By 2020, Polkadot amplified that vision for me, giving projects the freedom to build their own blockchains and putting governance back in the hands of the people. It may seem utopian, but Bitcoin has already proven it's possible with POW (proof of work). - In this 2024 pre-bull market, I’ve heavily watched BNB, Solana, and Toncoin bring in impressive profits. - I’ve followed these projects since their inception. BNB, tied closely to Binance, shares its fate—if Binance falters, so will BNB. Solana’s development team holds substantial control, often restarting the blockchain when it encounters issues, which raises questions about its decentralization. Similarly, Toncoin’s future is tied to Telegram’s success, meaning that if Telegram fades, Toncoin would likely follow. - All three projects – BNB, Solana, and Toncoin – have been heavily influenced by hype, memes, and venture capital backing. - Back to the trend : - Polkadot is at a critical juncture: if it doesn't break the downtrend, it could easily slide back to $3.60 or less, if it breaks up $5.50 is the next critical point. - Cryptos remain highly volatile and unpredictable. Invest wisely, do your own research (DYOR), and approach each projects with caution. Happy Tr4Ding!
KRAKEN:DOTUSD
by thecryer
9
Polkadot 2.0- So i predicted many times that 4.30$ was the bottom. - And i was wrong, Polkadot is still young. - Trading Altcoins is like that, it's really hard to predict a perfect bottom with a new project. - it's much more easy with BTC because TheKing volumes are high and it stays around from many years already. - Remember that Trading is trying to predict the future by looking at the past, more you have data from past, more the job is easier. ------------------------------------------------------------------------------------------------------------- - A bit FA here : ------------------------------------------------------------------------------------------------------------- - Polkadot did the same as Cardano's first bullrun, it went back to the start. ( i will post a Cardano Charts in comments ) - Actually it's not a sign of weakness, but an opportunity. - Polkadot didn't make noise just because they want to build steady following some SEC rules. - Now if you follow the news, you can find that Cardano, Polygon and Near Protocol are building on Polkadot's SDK, DYOR it more to get some more informations. - With time Polkadot could be the mother of all blockchains connections and interoperability. - Remember what they had to do with ETH when problems came around, they forked it for ETC ( Ethereum Classic ). - Polkadot doesn't need any FORKs, everything can be changed by votes in the governance. - The difference between DOT and ETH is very simple. - Polkadot is scalable, Ethereum is not. ------------------------------------------------------------------------------------------------------------- - Trading Parts : ------------------------------------------------------------------------------------------------------------- - So Right now look at the graphic. - DOT made a bottom around 3.60$. The exact same bottom it did in 2020. - DOT is actually staying near a demand zone (6$). - i do not recommend to buy now but wait for a retracement or a breakout from this area. - To get peace of mind i would buy DOT after 8$, after that zone, it's a free fly! ------------------------------------------------------------------------------------------------------------- My predictions on DOT for the next bullrun are unchanged : ------------------------------------------------------------------------------------------------------------- - Security TP : 85$ ish - Middle TP : 140$ ish - Max ATH : 220$ ish ------------------------------------------------------------------------------------------------------------- - if you missed to become a Whale with ETH in 2016. - Here yours second chance with Polkadot. - Stay S4fe Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
48
POLKADOT ... ready for next movehello dear traders and investors this price action for polkadot with usdt pair … this is very strong supourt zone on the 5.28 $ … after price rejected from 6$ In order for the price to rise further, it needed liquidity, and when it reached the $5.3 area, it took that liquidity and now it is ready to rise... this is lower time frame The price forming a bullish patern : In my opinion, the next price station is (13.58 ) the prz area of ​​the harmonic pattern that you can see in the chart... good luck
Long
by mehdi_kb
Polkadot Next BullRun- Okay now that we got the Bottom ( 4.3$ 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 price completing the formation of "Double bottom" ?Today's idea will be described based on the assumption that the DOTUSDT price has been forming a global trend reversal through "the Double Bottom" pattern for the past six months Looking at the chart, we can say that DOT was actively bought around $4 in early 2023, in June 2023, and in the fall of 2020 just before the start of the bull run. However, at the moment, the DOTUSD price has rebounded from "the bottom" relatively weakly, so buyers still have a lot of work ahead of them. The first stage of the struggle between buyers and sellers may start around $6 The second stage, which is probably the most difficult, is to break through and fix the price of the Polkadot token above $8 The third stage is the daily dynamic growth of the DOT price in the range of $8-15. On the growth, on increased trading volumes, the "big money" will sell at least part of their DOT stocks, and the "little money" will buy and buy them. Why? Maybe because there will be a new series of news about the latest super application of parachains from Polkadot or something like that) However, it will take at least a few more months for our rather optimistic assumptions described above to come true. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
33
Polkadot DOT. Maybe it's time to start growing, or not?)Dot's price was in the "group of leaders" that were the first to break out of the prolonged downward trend. However, "the winner music didn't last long", after a 2-month rise in the DOTUSDT price with a result of +90%, consolidation has been going on for the 3rd month. Roughly speaking, there is nowhere to fall below the price of the Polkadot token. The critical level from below is $4.83. If we model Elliot waves on the current trading situation on the DOTUSD chart, we can assume that wave (2) is close to completion. The next wave is an upward wave (3), with the most conservative targets for its growth ranging from $10-10.50 to $12.30. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
31
MOONBEAM (GLMR) long idea based on obv In the vast world of crypto, Moonebam Network shines, With GLMRUSDT, a trade idea intertwines. On balance volume, it diverges with might, Since November 22 of 2022, a hopeful sight. Through highs and lows, we've journeyed far, Witnessing an all-time low on May 10th, like a shooting star. But amidst the darkness, a divergence emerges, A glimmer of hope, as optimism surges. With on balance volume diverging hard, An upward movement may catch us off guard. A parabolic rise, like a rocket in the sky, Moonebam Network ascending, reaching new highs. So let's hold onto hope, and trust the signs, As GLMRUSDT paves the way, where opportunity aligns. From the depths of doubt, we anticipate, A journey of success, as we elevate. In this hopeful tale, we set our sights high, Moonebam Network soaring, reaching for the sky. With divergence as our guide, we'll ride the trend, A story of triumph, where dreams transcend. In the world of trading, risks come into play, But manage them wisely, in your own unique way. It goes without saying, it's NFA, To preserve your capital, make it sway. Set your stop-loss, keep your goals in sight, Trade with caution, both day and night. Take charge of your risks, let them not prevail, In this volatile market, where fortunes unveil. Research and analyze, before you dive, Make informed decisions, so you can thrive. But remember, my friend, it's your preference to decide, Manage risks effectively, and let success reside.
Long
by DepecheGST
1
DOTBTC 2023 outlook Polkadot price actionTime to look at my favourite altcoin and it's pretty dismal perfomance over the last year agaisnt BTC I've outlined my basic outlook on the weekly chart using candle stick closes and Log fibs. Coincidentally its touched the .886 retrace to the T. Typical sign of weak altcoins to retrace all the way back to the .886 level. I'm pretty confident the bottom for DOT/BTC is in based on this and the fact that its nearly an 80% correction from ATH vs BTC My mid term outlook is bullish (for a change) Looking at best case scenario retrace up to .618 from ATH placing it at the .0004830 sat region I've marked out 3 different TP below and above this level respectively as I've become accustomed to DOT usually underperforming against market competitors. So my TP is more conservative vs others. With the exception of TP3 being higher as I see this as an ATH for this market cycle Some thoughts on DOT Personally this is my favourite altcoin of them all. Admittedly one should not have emotion when it comes to trading as we're all here to make money and not love My bias is fundamentally based and I will probably always keep staking my DOT from my ledger for years to come Point 1 - Its not a security, this gives institutional interest and clarity on adding it to their basket or portfolio Point 2 - Highest DEV activity compared to other L1 : Link : www.thecoinrepublic.com Point 3 - Interoperability (future proof) Point 4 - Staking offline (my personal favourite) Point 5 - Gavin Wood (some food for thought for the ETH maxi's) There are more use cases to be made however one can only consider an argument valid if you can argue from both ends, So my concern for this project is as follows: Point 1 - Concensus mechanism too slow. One of my dear friends informed me they wanted to launch TAO on their parachain but it was too slow for their timeline, in turn they self funded the crowdloan Point 2 - Inflation. As great as APR is with Staking this shows inflation in the ecosystem and given that DOT has no FINITE market cap it can dampen price action in future I'll be adding my DOT/USDT analysis to this post and updating it over time. As this is afterall my favourite ))
Long
by Andy1GP
1
Polkadot Black Friday- Everything is in graph. - Weekly predominant bullish divergence on RSI. ---------------------------------------------------------------------- - i won't speak "Price to Buy", but WHEN to buy : ---------------------------------------------------------------------- - Buy a Dip and wait for the end of this triangle. or - Buy a Breakout from the same triangle. ---------------------------------------------------------------------- - Black Friday is Real. Happy Tr4Ding !
KRAKEN:DOTUSD
by thecryer
21
PolkaDot | Heating up for Massive BREAKOUT..!! #DOT is heating up for Massive Breakout 🔥 Forming Falling Wedge in Weekly timeframe Chart. Seems like Bottomed out but not out of Woods yet. Bulls need to Close the Weekly Candle above 4.90 to Confirm the Wedge Upside Breakout. Looks Promising for Q1 2023, +300-380% Profit Potential in the Midterm.. ✍️ Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
5
Polkadot Next Train- Well i tought Polkadot would surprise us in this dip and stop around 13$, but TheKing is still TheKing and decides for Altcoins over pressuring them. - Finally Polkadot got a support by his Top of 2020 consolidation. - So DOT dipped around 6.2$ but it could have dipped 5$ and still can. No matter. this is only a buy opportunity for the new train. - We won't see again this kind of huge project back to this price again after the next moon shoot. this is the last time to charge a bag. - When u are shivering, Whales are buying. Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
16
Polkadot slow mode- in my older analyze i predicted Polkadot bottom around 15.5$ : Here older post : - the problem with common alts is they are naturally following TheKing moves. - if TheKing stays weak then altcoins will just standby and wait for his next move, then some will move harder if BTC pump and weaker if BTC dump. - Polkadot is an heavy project with so much parachains, in the future i see DOT number 3 on CMC next to BTC and ETH. - Many concurents as Solana or Luna made bigger moves than DOT, because they are going very fast, deploying multiples projects at the same time causing multiples bugs on their chains. - Polkadot is safer, they are building slowly but surely ------------------------------------------------------------------ Trading Part ------------------------------------------------------------------ - if u check Weekly MACD in graph u will notice that it made a flat move - Normally we had to turn bullish 3 weeks ago but we stayed weak, could consider that as fight between bulls and bears or a consolidation. - in the worst case a good buying zone is around 13$, i don't see any lower bottom for DOT. - if we are in a consolidation then a buy is possible right now but it's pure gamble, i recommend to wait. - TP are accorded to Fibo and simple : --- TP1 : 30$ --- TP2 : 40$ --- TP3 : 80$ ------------------------------------------------------------------ Stay Safe and Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
5