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Polkadotusd

PolkadotPolkadot is beginning to weaken, not only in itself, but particularly in comparison to that of Bitcoin. As we've discussed at length here on TW, Bitcoin continues to show some bullish sentiment due to its recent technical breakout in MARA/BTC. As long as this pertains, we'll stick with the majority of our position in Marathon Digital Holdings. 60 percent of my portfolio is currently in Marathon. The remaining 40 percent is spread out in alts. With that said, I might consider reallocating a good chunk of those alts into Marathon as a few of them show emerging weakness, both individually, but even more so when directly compared to Bitcoin. On the Poladot versus Bitcoin chart, the price was once again rejected by the horizontal resistance zone - and this after a minor fakeout. On top of that, the price has recently dropped below the diagonal support as well and is presently trading in a weak spot. And to add fire to the flames, we also have a 3-point RSI divergence on the daily chart. If this bearish internal trend were to continue, it naturally doesn't mean the price of Polkadot may go down. All it means is that Polkadot will then be expected to under perform versus that of Bitcoin. Let's then dig a bit deeper to find more clues of the overall market health condition. If we proceed to look at Polkadot itself (as in compared to the USD), we can firstly detect that it's trading right at the horizontal support zone. On top of that, the RSI looks strong too and for two reasons. Firstly, it has retraced quite much - by almost 20 points to be precise - from a mere and seeming price correction. Secondly, it is still trading within a strong bullish red RSI channel. So far it shows every sign of health. This in combination with the strong horizontal support zone and the thus far strong bull trend gives me no reason whatsoever to be bearish on Polkadot. Quite the opposite! This means that if we put the just-turned-bearish DOT/BTC next to the nicely and bullish-looking DOT/USD we can technically conclude that Polkadot's trend is up, but that it is yet statistically bound to under perform versus that of Bitcoin. This in turn leaves us with the conclusion that Bitcoin is even more bullish. To further add weight to our technical case - as in to further increase the probability of being correct - we will soon proceed to compare more individual alts and their respective strength-relationship to that of Bitcoin. But for now, it's Bitcoin season 1 - altcoin season 0, yet with both looking technically bullish regardless.
POLONIEX:DOTUSDLong
by LongLifeTrading
DOT could take a Breather Above $46 Hitting New ATH The Polkadot price has risen 14% over the last 24 hours as DOT hit a new all-time high at $50.87. The Polkadot network moves toward increased functionality as parachains loom. The Polkadot price rallied approximately 24% on Monday to register a new record high at $50.87, rising above the $49.35 May record high. Increasing functionality of the Polkadot blockchain network provides the hind wind propelling the DOT bullish run. Parity technologies, the company behind Polkadot announced that “parachains” were coming to the network on October 13. Parachains (parallel blockchains) refer to full blockchains that will be incorporated into the Polkadot blockchain network to aid in validating and securing transactions. Polkadot's aim is to increase the interoperability of blockchain networks hence becoming the blockchain for blockchains. This will make the Polkadot network a layer-zero protocol. After the announcement, the demand for Polkadot increased as both the DOT price and trading volumes skyrocketed. However, prior to yesterday, the price was held in a tight price range between $40 and $45. Polkadot Price Rallies 14% To Set New Record High s DOT price bounced off the demand zone (green band) at $40.56 at the end of the weekend as illustrated by the long lower wick on Sunday’s candlestick. This is an indication that investors were getting in on the dips. This bolstered the DOT bulls on Monday who have pushed the Polkadot price 14% upwards over the last 24 hours. A rally that saw the asset hit a new record high at $50.87. The bears, however, are determined to pull the DOT price down. If Polkadot turns down from the current price around $48.56 it will find support at the $46.30 level. Therefore, expect DOT to take a breather at the end of the supply zone at $46.30 after which a resumption of the upward movement to new record highs above $50 will be the next logical move. On the downside, a slip below the $46.30 level could see the Polkadot price drop to tag the 50-day SMA at $36.76.
BINANCE:DOTUSDLong
by CoinGape
DOT, 60, 100 or 180❓❓❓I have un-stake my DOTs and ready for TP, The end of this bull cycle is near.. December or maybe January. PolkaDot is one of my favorite coins, I believe it has very strong fundamental back-up and it will be an important part of crypto future. The TA is simple by combining some different Fibonacci in normal and logarithmic chart I came to this analysis, that you can see on the chart. Don't forget to hit the like button if you like this analysis and feel free to ask me your questions or your ideas in comment section ;)
Long
by ArshiaZojaji
6
Highly anticipated Polkadot Parachains auction is bullishHello everyone, It's been a while, i've been very busy with The OWL channel. Here is a DOTUSDT chart. Polkadot is looking good, KDJ is green on every timeframes and DOT keep creating higher high.. Resistance to watch : 0.9 at 44.58$ 1.23 at 57.06$ Going over 57$ and confirming 57$ new support can trigger another swing to : 161.8% = 68.55$ 175% = 72.30 200% = 79.41 261.8% = 96.99$ Last 2 weeks candle push us over the last tweezer top resistance (green dots lines).. Now not much resistance left until last ATH and the 1.23 fib. Parachain Auction will start soon for Polkadot... first auction is slated to begin on Nov. 11. Which you the best ! Crypto Mercy
Long
by Crypto_Mercy
Polkadot ready for a swing to 68$It's been a while, i've been very busy with The OWL channel. Here is a DOTUSDT chart. Polkadot is looking good, KDJ is turning and the RSI is responding, no divergence on the last higher high.. We are now very near a new ATH... What to watch : Resistance 1.23 at 57$ Going over 57$ and confirming 57$ new support can trigger another swing to : 161.8% = 68.55$ 175% = 72.30 200% = 79.41 261.8% = 96.99$ Last 2 weeks candle push us over the last tweezer top resistance (green dots lines).. Now not much resistance left until last ATH and the 1.23 fib. Which you the best ! Crypto Mercy
Long
by Crypto_Mercy
MY MINIMALIST ANALYSIS FOR POLKADOT$DOT 10.23.21 116H +8 SINGAPORE ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE HOW TO USE MY CHART It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it. Created on a WEEKLY & DAILY Analysis of Dynamics of the Market. LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS. Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs. This CHART is best used without indicators. The MINOR and MAJOR BOXES (TOPs and BOTTOMs), together with the market's price action and the above mentioned is sufficient enough as analysis when ENTERING AND EXITING TRADES. Thank You for your appreciation and support (Follows, Comments, and Likes.) DISCLAIMER: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
KRAKEN:DOTUSDLong
by The_Crypto_Samurai
Polka Dot divergence and Fractals So I am looking at this daily.... They had 25 days of price growth with a downward trend of RSI: Causing a 35% pull back Naw we see a solid recovery but it looks like the same thing is playing out on a smaller scale? Coould we see RSI tend down while price goes up? Could the pull back be at the prior ATH resistance of just shy of $50? Ill watch it and update it.. I am always sus on shorting in the bull market...if I do it for 5 or 10% swings. because it could spike hardcore upwards on a dime. But also with the release or Parachains and ecosystem growth...I could see Dot do 300 easy this bull run.
by BlockchainBreakdown