Polkadot - Quick Trading setup LONGHere's a quick look at Polkadot (DOT) 4 hr chart. The price action has been forming a some kind of rounded bottom pattern the past few days/weeks. Now price looks to take off. Note: Watch the RSI - Not much space left before its oversold.
The idea is: Buy the breakout from the level shown in the chart. take profits at the level shown in the chart.
Target:
1. 42$
2. 49$
Follow me for daily trading setups - Telegram group coming soon...
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Polkadotusdt
POLKADOT (DOTUSDT/DOTBTC) Potential Long Entry 2021/03/11Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $35.5-36.5 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
DOT usdt - pushing the 1 day resistancePolkadot is on a really good trajectory.
Riding above the upward trendline and most importantly the upward EMA.
It has just tested the 1 day resistance only to be rejected and form a pullback.
As with all dot pullbacks it only builds presure to rise again.
Expect to see a $40 DOT soon.
[35%] DOT / USDT (LONG)Analysis :
- Hidden bullish divergence (MACD)
- RSI EMA : buy signal
- Breakout triangle
- Wait confirmation MACD
MC :
What Is Polkadot (DOT)?
Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other.
This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services.
The Polkadot protocol connects public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot relay chain (explained further down).
Polkadot’s native DOT token serves three clear purposes: providing network governance and operations, and creating parachains (parallel chains) by bonding.
Polkadot has four core components:
Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;
Parachains: independent chains that can have their own tokens and be optimized for specific use cases;
Parathread: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;
Bridges: allows parachains and parathreads to connect and communicate with external blockchains like Ethereum.
DOT/USDT 1. That yellow line corresponds to the possibility that the bitcoin correction is over and we're going for a new ATH
2. If btc changed his mind and continued the correction, we would have 3 more waves in wave C waiting for us at DOT.
For me, I like the second option more because DOT is an interesting project and so there would be better prices for the purchase. We would also thicken these zones more, which could act as stronger supports in the future. We still have enough days left in the month, we will see how the market decides, in any case the second option would be more advantageous in the long run :chart_with_upwards_trend:
DOT nice breakout (original signal included)DOT / USDT
my lovely coin had a Potential breakout and retest in small time frames
We already bought it early (few hours ago) at 32-33$ and hit my TP1 (35$)
If the support hold it can continue hit rest of targets
You can check my original signal below
Make your own analysis before buy or sell
Best wishes 🙏
DOT/USDT 1hr - Trend Breakout IdeaDOT running out of room hear, approaching strong support at POC. Need to confirm breakout with volume influx, look to lower timeframe for retest entry (15min).
A lot of continued hype and news around DOT.. buy the news, sell the greed.
The next big move from DOT will have people FOMOing their cash right into your pockets, go get em. Cheers!
DOTUSDT Possible Head and ShouldersGood Day Traders.
If you like my Idea please give me a follow and a thumbs-up!
- Currently, we are in a nice descending triangle.
- We can see potential Head and shoulders forming within the triangle
- I'll wait for confirmation to drop below the neckline
- trade safe
- smile
- I am not a financial advisor
- make a plan, stick to it
- trade what you are willing to lose
- be safe
- Test your own charts
- be responsible!
- and once again.... Smile
Thumbs up, Follow and Comment
BINANCE:DOTUSDT
[20%] DOT / USDT (LONG)Analysis :
- We still in the canal
- The resistance of the triangle can be break (up) or we go to the canal support
- first target 46.5$ - 47.5$ : 20%
- second target 50$ : 28.5%
- third target 54$ : 37.8%
Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other.
This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services.
The Polkadot protocol connects public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot relay chain (explained further down).