DOT - 3h. Buyers are tested for strengthThe previous week of trading in the Polkadot (DOT) market was quite successful. During the working week, the price of DOTUSDT rose by 45% . It was the low volume of trading on the weekend and the mysterious drift of BTC was the main reason for the beginning of the DOTUSD price correction.
If the price of BTC fell by 7% , the DOT market - by 15% . However, this is a pretty good result compared to other coins. This project ranks 12th in terms of daily trading volumes among all crypto projects. The active redemption of the coin after the fall speaks of its strength and interest of investors.
The critical point for the continuation of the growth trend is in the range of $22-23. Buyers have kept this range and are now preparing for $27.5-28.2. Above this range, buyers will have the prospect of continued growth to $34-35.
BUT while the price is in the range of $22-28.2 the next medium-term movement is difficult to determine with high probability. However, this range is good for short-term trading
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Polkadotusdt
Polkadot way to 50$Dot still have power, i don't post indicators to keep chart clean, but 1 day is not maxed at all, i checked orders wall on Big Exchange using Span and the big wall for DOT is 50$.. so for now the King lost Dominance and it's party time for Altcoins. this analyse can turn wrong as altcoins pushed a lot but still possible. like aways you have to invest wisely and keep an eye on the king all the time.
- TP1 : 38$
- TP2 : 50$
- i don't use any stop loss for Polkadot, just restack it if i miss a trade opportunity.
Happy Tr4Ding !
POLKADOT respects Fibonacci channel levels very much!Technical analysis regarding the price of POLKADOT in relation of dollar Tether for the next scenarios, based on 4 hour movement.
The price of this cryptography respects the levels of channels very much if you look at the past and well, as I rely on 90% Fibonacci to carry out my projections / analyzes, I strongly believe in the next price levels that you can achieve.
Breaking this congested accumulation region (at the top), the price will have no barriers to reach such levels.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
DOTMy Fellow Crypto Traders,
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ANALYSIS:
DOT failing to break the daily R1 could trigger a re-test of the daily S1, which shares confluence w/ the VWAP anchored @ the 15th bar from the current price action. Therefore, a re-test of the daily S1 would be a nice entry scalp, as long as the blue upward diagonal trend line holds. If there is a trend failure, would expect DOT to test .236 fib level for support, and would be a nice long entry once validated.
POLKADOT - DOT/USDT - correction + ENTRY LEVELSDOT - Polkadot is close to the main support for another bull run. If we break this support around $16.6869, we are going lover. For those who prefer to be in, you can buy around $14.8949. I prefer to enter LONG positions at $13.3000.
Entry levels LONG:
$14.8949
$13.3000
$12.3716
$11.7788 - STRONG BUY
$10.7839 - STRONG BUY