Polkadot Update: 11% away from ATH next Target $73 @ 161.80%Polkadot Update 20/10/21: 11% away from ATH @ $49.45, the next Target $73 @ 161.80% Fibs. Happy Trading
Polkadot Update 19/10/21: Bullish Bias still holds! Please See Previous analysis below. Buy Signal from Script triggered on the 1st August: Fast EMA Crossover Slow SMA .
Confirmed reversal, Polkadot Buy Signal from Script triggered: EMA Crossover SMA just below the 23.60% fibonacci level, 43% gain from here to retest the 200 MA. Use buy zone to map your buys. Swing target from here is 160% gain from $18.92 to $49.75.
Current Price Targets: 20/10/21
127.20% Fibs @ $60.08 (35% Gain from current price level)
161.80% Fibs @ $73.59 (66% Gain from current price level)
261.80% Fubs @ $112.66 (155% Gain from current price level)
Happy Trading :)
See previous analysis below.
Polkadot (Dot) Buy opportunity! Potential 50%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano , Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension .
Polkadotusd
Polkadot Update: Buy Signal Script triggered: 45% Gain to $60Polkadot Update 19/10/21: Bullish Bias still holds! Please See Previous analysis below. Buy Signal from Script triggered on the 1st August: Fast EMA Crossover Slow SMA.
Confirmed reversal, Polkadot Buy Signal from Script triggered: EMA Crossover SMA just below the 23.60% fibonacci level, 43% gain from here to retest the 200 MA. Use buy zone to map your buys. Swing target from here is 160% gain from $18.92 to $49.75.
Current Price Targets:
127.20% Fibs @ $60.08 (45% Gain from current price level)
161.80% Fibs @ $73.59 (78% Gain from current price level)
261.80% Fubs @ $112.66 (173% Gain from current price level)
Happy Trading :)
See previous analysis below.
Polkadot (Dot) Buy opportunity! Potential 50%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano , Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension .
DOT TRENDIt’s natural to be hunting for appealing investments inside the altcoin market right now. Once market leader Bitcoin scales to a new ATH, alts might be waiting in the wings for a rally in their very own. Now Polkadot makes a robust argument that its anticipated leap could come sooner than most of its peers, attributable to bullish market conditions.
(DOT) POLKADOT - Cup and HandleHello everyone !
Today the Black Cat Trader is analyzing DOT based on a weekly chart.
What we can see :
- A nice Cup and Handle pattern has been printed on the weekly chart. We can see that prices recently broke the neckline at 37.80 $
- Using the pitchfork (low : 3,60 high : 49,78 Low : 10,37) we can see that prices are stuck between the median line and the intermediary lower line of the pitchfork.
What we can expect :
- The ideal scenario would be for prices to make a pullback on the neckline of the C&H pattern at approximately 36,50$ and then take off to go even higher. You can see that the expected pullback area is located exactly where the intermediary lower line of the pitchfork is.
- Using the trend-based fib extension we can mathematically expect prices to reach two targets that match with our C&H objective too (208,25$).
Take profit 1 : 85$ (1.618)
Take profit 2 : 131$ (2.618)
Take profit 3 : 177$ (3.618)
Take profit 4 : 208 $ (C&H objective)
Support 1 : Neckline of the C&H / Intermediary lower line of the PF
Support 2 : Mid-term ascending trendline
Support 3 : Lower line of the PF
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Polkadot daily chartToday I took a look at the Polkadot chart. And as usual I first looked at daily chart. And what I found? There is a huge resistance at approximately 38-39$. So far, DOT has had a lot of trouble breaking through that resistance. However, when will DOT successfully breake this resistance, I expect explosive growth. Especially in anticipation of the upcoming parachain auctions. I expect at least 100$ DOT.
DOT breakoutDOT broke out of our triangle pattern that has been forming since late august. We can see a strong bullish candle just tapping the most recent resistance level. If it closes above I will consider that a strong entry point.
We can also see the 50MA curling up and looking like it's about to form a golden cross. Volume seems to be increasing as well although there is room for improvement on that front.
Polkadot testing old resistance?Hello! I hope you are doing well.
DOT:USD(T) in September shows divergence between RSI and Higher Highs in chart.
It is already in the tunnel it entered February this year and left in May. These are very strong support/resistance lines and were tested over and over again throughout these months.
With Polkadot/Kusama Parachain program the price can mean both - early anticipation for adaptation as well as preparedness "for the winter" by getting prices low to collect more of its tokens.
As this tunnel shows a heavy previous fight between bulls and bears, only when breaking one of two - resistance or support we will be able to anticipate the further direction.
Thank you
DOT 12h For the medium term, we are ready to buy at $19Only a month has passed since the publication date of the previous idea, and the DOTUSDT price has doubled in price and met its upside target.
In a previous idea, we wrote that the weaker the correction, the stronger will be the rise. If you look at the previous idea, you will see that there was almost no correction and this is the result. The buyers were able to take the DOT up to $36 and that's where yesterday's drop happened.
We would like to be wrong, but it seems to us that this is not the end of the decline, and the +/- safe zone for buying DOTUSD will be somewhere around $19.
Yes, we don't rule out a slight bounce of the Polkadot price up to $28-29 in the coming days, but globally we think the full growth correction is not over yet.
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My take on polkadot3 Moving averages
Blue 2 MA
Yellow 7 MA
Maroon 15 MA
15 MA has acted as support and if it breaks we might see DOT at 23 but if it doesn't then i am sure it will be above 28.
POLKASWAP ($PSWAP) SPOT LONG POSITION Polkaswap is down 90%+ from highs. With $PDEX and $DOT breaking out, this could be an interesting play