Polkadotusdt
Polkadot - Bullish medium-term scenario - Potential 50% gainsPolkadot forming a long-TF ascending triangle on Daily
2nd bottom & re-test of the ascending triangle seams to be confirmed by:
- RSI bottomed and about to breakout (same levels as mid-july 2021 selloff)
- Current overall market reaction
- 23.6 Fib level acting once again as nice support
- MA 100 & 200 seem to re-create a similar pattern as during mid-july 2021 selloff
Potential 50% gains until EO Feb 2022.
Entry at 19-20$
Stop loss at 17.90$
--> Target 28-31$
Happy Trading!
Polkadot/ Dot symmetrical triangle On Dot has there been a symmetrical pattern formed which shows a 50/50 of the price breaking to the upside of the downside. This said does the price trend show that the price is more likely to break to the downside as the market trend is bearish .
Entry price: In the apex at 10.00.
Stop loss: At 10.50, which is inside the triangle so when the triangle breaks to the downside but after the break to the downside starts trending upwards and is stopped by the stop loss.
Target price: Is extrapolated from the triangle height/the upper trend line and this target price set at 4.48.
This is also 55% gain if the prediction is successful.
POLKADOT PERSONAL ANALYSIS IN THE SHORT TERM (RE-SHORT RETEST!)The total evaluation for the POLKADOT asset is completely bearish. Please be warned of your risks and make sure to manage it properly. I see the same confirmation candles as well in the daily for a potential reversal to the upside, take your profits always and remember to short at great levels of volume congestion for a bigger edge. A retest on the support we failed to hold will most likely be a proper target with a potential to make mega dumps even further.
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Thank you for reading! Remind you that this is a 1H chart since the movement is more clean rather than 4H chart and 1D chart which are mostly jumbles. The 1H chart even explained how we broke through an important resistance from the bottom forming a bullish flag. Like this chart? Share it, bookmark it, save it -- its yours, for free!
DOTUSDT 12h Possible scenario movement for Polkadot priceToday we will analyze the local situation on the DOTUSDT price schedule.
But to begin with, we recommend that you familiarize yourself with our global idea of DOTUSD on a 3-day timeframe.
At the final price squeeze, sellers managed to spill the price below $6.36 to $6.02. However, buyers sharply bought the decline and closed the trading day at $6.46, after which the growth continued.
If we compare the price rebound of DOT with other altcoins, we can say that it is average in terms of values, maybe even weaker than the average statistical rebound.
However, if you believe in the prospects of the Polkadot project and ecosystem, but did not have time to buy it at the bottom, then fate may give you a second chance.
Buying in the area $6.65-7.00
And further growth is possible according to the following route: $7.00 - $9.00 - $7.50 - $10.00
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
DOTUSDT 3D Medium-term trade with P/L = 10/1Today we will look at the global chart of the DOTUSDT trading pair on a 3-day time frame.
The last global idea on DOTUSDT we published 8 months ago, then the downward trend began, which continues to this day.
At that time, DOT buyers were very determined to continue the growth, because on 11.11.2021, the first parachains in the Polkadot ecosystem were to be launched.
But the situation on the Dotusd chart that we saw suggested that the price will soon begin to decrease, from $50 at least to the $14-18 zone.
Of course, we were criticized then in the comments under the idea, that we do not understand what we are writing, only growth and nothing more wrote users TW...
But what do we see now? The DOT price is 2 times lower than our pessimistic forecast from the previous idea.
Now DOT buyers are trying not to let the DOTUSDT price fall below the liquidity level of $6.50
Not bad conditions to try a medium-term trade for a small part of the deposit:
Entrance $6.50-6.70
Stop $6.365 (-5%)
Take $9.95 (+48.5%)
The profit/loss ratio is 10/1
Below $6.36, it is most likely not worth holding DOT, because then fall can continue to $5-5.20 area
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Polkadot Next Train- Well i tought Polkadot would surprise us in this dip and stop around 13$, but TheKing is still TheKing and decides for Altcoins over pressuring them.
- Finally Polkadot got a support by his Top of 2020 consolidation.
- So DOT dipped around 6.2$ but it could have dipped 5$ and still can. No matter. this is only a buy opportunity for the new train.
- We won't see again this kind of huge project back to this price again after the next moon shoot. this is the last time to charge a bag.
- When u are shivering, Whales are buying.
Happy Tr4Ding !
POLKADOT- Good swing ahead!!Hi everyone
As the price made a jump from 8.55$ to around 10.75$ for DOTUSDT, the possibility of having bull market is becoming more likely.
You can see a triangle pattern with 2 pushes down (H1&H2) if we get the indications of the 3rd push in the next couple of bars,we can hope for better price behavior in the future;So the indications are less sell pressure in the next couple of bars, a reversal pattern in around 8-12 bars from here and no breakout from the support level of 9.35$ or the bottom of our triangle.
Hope this analysis helps you in a way.
I will answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
DOT/USDT - Potential Short ScenarioHello Traders!
DOT is moving in a downtrend, developing a falling phase.
We can expect a new consolidation in the buyers' area of interest at $3.90 - $5.40.
It is possible to make medium-term purchases of the asset after the culmination of the sales. It is better to accumulate a position near the support level of $3.90 in the range of $3.90 - $4.60
It will be possible to continue to hold the position with the aim of fixing profits near the price level of $8.25
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
POLKADOT - ROAD TO $200Good morning traders.
DOT/USDT the pair for today, lets begin.
In light of the recent Bitcoin dump, a lot of alts have found themselves at strong support, some below it and stables depegging from the dollar.
Question is, are we at the bottom now?
While i may not be able to clarify if we are at the bottom or not, it doesn't feel like it, I can however say this is a very good buying opportunity for many alts.
From the chart above we have the DOT price back at July 2021 levels, very strong support area. It could however make it's way down to our worst case scenario region which is also in line with the 1.236 fib support level dependng on Bitcoin's price action.
So far we have a Regular flat formed on the chart which in theory has it's C wave to be 61.8%-123.6% of wave AB.
Whether or not this is the bottom it is still a very good buying opportunity (but don't take my word for it).
If the Elliott wave theory is correct (and has been so far), targets for our wave 3 range from $175-$240 dollars(red zone) depending on where the bottom will be.
In the blue zone we have our Take profit region just to ensure we take some of the table in the case of exhaustion.
I expect this to fulfil over a lengthy timeframe given the state of the market but, you never know.
If you agree with this Idea pls like, share and comment your thoughts below.
As always feedback is appreciated!