Sharp decline for Polkadot this week so far. Lots of selling volumes. Could this be from people who staked their DOT at the beginning of the year? All trends point downwards until the sales cool off.
Bullish Piercing Line Reversal This is a two-period candle pattern occurring after a downward trend. The first candle shows a steady downward trend. The second candle opens below the closing price of the first candle and closes between the middle and the top of the first candle’s body. This pattern indicates the reversal of the trend and it is highly reliable.
DOTUSDT consolidating near entry. A strong close above $37.3 will start the pump. 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...
Impressive growth over the past few days. The current $38 resistance on the 1 hour chart has proven itself tough to breach in the past. Strong upwards EMA. Good trade volumes.
Watch out for break out! As we can see DOT is making the higher lows. The more higher lows the worse for the bears.
Over the past month it seems like DOT has been into a symmetrical triangle pattern, with decreasing volumes. If it were to break out with an upward momentum we could see it retest the 41.7 area where it was rejected on February 20th. If, on the other hand, it were to break down and enter a downtrend, it could trace back around the 29.6 area and test the previous...
For almost a month, the DOT market has been in the correction phase. After setting a new historical high of $41.92, buyers took the initiative to sellers. In our global idea, we expected the beginning of the correction of this coin with the ultimate goal of $ 17: The correction has started, but not in the format we expected. All that the sellers were able...
Candles holding above the rising EMA. Good trading volumes at these lower Polkadot prices. Expect to see a climb to the 4h resistance mark soon, breaking the 1h resistance level.
fasten your seatbelts cause Polkadot gonna blow up soon.Perfect zone to buy.Great reaction to the trendline.Indicators showing the end of correction.Targets wil be touched soon. TP1: 50$ TP2: 90$
Will we see a $40 Polkadot this coming week? Strong EMA, candles holding position above trend. Slight bit of sideways to downward movement on the 1h.
Here'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....
On the 1 hour chart we see a double top resistance touch. Rising EMA, rising trend line. Expect Polkadot to rise more.
Long 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...
Polkadot 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.
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...
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...