Polkadotusd
What if $DOT has just completed the very first wave in its cycleI really like Polkadot and its solid way of building the ecosystem step by step. In the previous post, I did assume $DOT would move the Elliot Ending Diagonal with the BTC's downtrend.
But in this post, I make a new idea in long term for this token in case BTC has finished the downtrend and will keep the bull run this year. I realize the big channel between the peaks and dips, $DOT could be seemed to just complete the running flat correction in the first wave in its cycle.
If this idea comes true, how big the next wave will be large? But at least in short term, I will hold and stick to the Fib Retracement levels.
If you agree with this idea, please give me a like and share it.
Thank you
NFA
LONG Ethereum AND Polkadot on 1 hr ChartPreviously I posted a SHORT Bitcoin chart based off 1 hr TF. For the exact same reasoning I used there I have enetered LONG on $ETH, $DOT, $BTC.
Tight BB squeeze on 1 hr chart but what looked like CMF (Chaikin Money Flow) showing money coming OUT of these assets. But lately over last day these 1 hr candles now show money flowing IN.
I have reversed my positions in $BTC and gone LONG. Similarly, the $ETH and $DOT charts looks the same with even more accumulation.
Ethereum:
Entry @ $2975.64
Polkadot:
Entry @ $20.95
Polkadot don't give up-Do you remember last dip (May-July) ? i posted analysis and found the perfect bottom at 10$. ( i will post it in comments )
- So this time imho it's not the same because alts are almost bottomed already.
- This graph is a bit messy but you can see clearly demands zones.
- The difficulty is not to find where we go but when we go.
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Trading Plan
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Buy : 24$-25$ ish
Rebuy : 20$ ish
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Tp are unchanged from my last analysis
TP1 : 75$ ish (161.8%)
TP2 : 100$ ish (216.8%)
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Believe in Polkadot because to be a part of Parachain, Projects have to buy more DOT, Polkadot is poised to go up with time.
if you didn't take the train in July. You get another opportunity right now.
As always follow TheKing movements for safety!
Happy Tr4Ding !
DOT | Bullish Flag Formation..!!
b]#DOT (update)
Bullish Flag Formation in Daily timeframe Chart..!!
In Case of Breakout, Expecting Massive Bullish Wave (Targets Would be 50$)
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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..!!
CLV|USD: BIG GAINS AHEAD!?Clover supports the Polkadot ecosystem and helps Ethereum developers to participate easier. Technically, the daily RSI is very low which signals a possible bounce. We are also at the parallel channel support level. I think that there is a potential for more than 200% gain over the next few months. Any thoughts? Thx.
DOT/USDT Analyse
DOT/USDT chart shows that 4h retest is successfull and next resistance is around $23.
If a long green candle breakts $23 fast, we might see #DT over $27 and next targets will be as given below.
As all cryptos , DOT is being effected by BTC moves too .So if BTC breaks $40k in next days, we might see DOT rsing faster than BTC
Resistance levels are around $23, $27 and $31
Good luck
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
Still a long way downBe wary of anyone suggesting there will be any type of significant reversal in the short term. DOT has a lot of way down, before a significant shift back up.
The daily RSI still shows plenty of room to sell and if we mark the weekly averages (pre crypto boom) it would suggest a price between $7 to $8 per coin on DOT.
Without any significant changes, this project will need to continue its downward trend until it humbles itself with where it organically should have grown.
It's time to understand the market is beginning to become wise to having been overvalued.
POLKADOT and an IMPORTANT DECISION before END OF JANUARY 2022!ALL traders and hodlers of Polkadot wait to see what will happen before commencing February 2022 reaching the price to the new resistance of 28 and attacking to the other levels by taking more volumes during February.
let's see and stay tuned with me during the next month to see the power of paracchains' mother, the majesty of Polkadot and web3!
:)
POLKADOT will be a game-changer in 2022The resistance levels are 38.5usd and 45 USD if it can pass the imperative level of 32 USD. Then, it will go on this rising flag to other levels of more than 60 USD.
Polkadot is the leader of all web 3 coins and tokens and for this year, 2022 will be a game-changer and follows the way of Solana soon.
Bullish Polkadot ($DOT)One of the coins $DOT I am interested in as well as many others but Medium term I feel this project can excel further as we head into digital transformation further regarding Web 3... (Please do your own research as this isn't financial advice).
Technical View - Out of channel down - Bullish set up -
Pattern - Coming out of descending wedge could head towards 50 - 200 EMA.
Trade Journal
(Not Investment Advice)
DOT - the fall could continue, just wait for these scenarios.The support could not hold the price and the DOT broke the key level. This level is now resistance, in case of a retest, there could be a good selling opportunity.
Liquidity levels, which could hold the price down, are noted below. False breakout of liquidity levels could be a good buying opportunity. A breakout of the trend line could also be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.