Polkadotusdt
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!
Analysis Polkadot ( Dot/usdT ) Buy DotIn Open In 3 Step And Hold 3 Month:
$ 23.70
$ 17
$ 11
Get Target and Save In 4 Step:
$ 32
$ 38
$ 54
$ 80
We can expect Polkadat to reach this price ceiling.
Check out Polkadat (DOT) for in-network data:
Social Valium Index, which is the measure of social activity of this project, which has been examined in a period of 6 months
From the time the price rose, the support on this network also increased to the point where the price could reach its historical ceiling. The social level of this project could also reach its highest level, but when the price decreased, its activity level also decreased. The price reached very strong support and social support started to rise again, which is why the price did not fall further and kept the price in these areas.
The next case is social engagement or social interaction, which has the same trend as the Social Valium index, but the point is that before the price reaches its historical ceiling, we see that in this index it has been able to check itself and network interaction. Increase his social status a lot and attract a lot of attention to himself, and after the price dropped and reached his own support area, he was supported and made the price lower.
We will examine the next case of visiting the site and during a 6-month return, we checked that at the beginning of this return, the site visitors were seven hundred thousand and it was able to reach two million and four hundred !!! And now the number of visitors is one million and eight hundred thousand.
Site traffic by country
First place: America 18%
Second place: English 4%
Third place: Russia 4%
Other countries 75%
By source: 55% by searching with the words Polkadat or dot or stacking
Next rank 25% of visitors who enter the site directly
And the rest to enter the site through social networks
Data within the .NET network
From December 20, we are witnessing an increase in the number of addresses of the holders of this currency code, which has increased by 60,000 thousand holders. Well, this can show us a positive expectation.
The number of daily transactions has taken a momentary decline and has reached almost its lowest level in the last 4 months.
The next index, the volume of transactions reached 764 million from November 1. It was fluctuating there and reached its price floor on August 23, 2021
If we pay close attention to the volume chart of transactions, it has a relatively upward momentum, so that if the price can maintain this range and the volume of transactions continue to this upward momentum, we can see the possibility of increasing motivation by traders.
The next index shows the number of active addresses and the number of new addresses according to the index by falling in this price range if we do not see signs of demand and if the price can not stabilize itself and active and new addresses decrease. That the incentive to demand has decreased and the good result is that the risk scenario for the price will be strengthened and investors will buy in the next rounds.
The next indicator of sticking is the amount of dots that are stacked daily. If we are careful, we will see that 2.5 million dots come out of the stick, which means that the dot market is risky and it is a sign that investors are interested in buying at a lower price.
But the next indicator is Open Interest.com, which after registering its ATH price, we saw that Open Interest decreased, and considering that the price fluctuates in a support range, Open Interest is almost bloody and indecisive. Shows the trader
And we look at the Funding Rate dot index and see that most traders are short or short-term, and it seems that they seem to expect the price to go lower because most of the trades that open are short-term.
Fundamentals dot
The current market cap is $ 26.330 billion
The historic ATH cap was priced at $ 54.98 on November 4, 2021
Field of activity: Smart Contract Platform
Maximum token stock: Approximately 1.155 billion
Working inventory is approximately 1.076 billion units
Listed in many reputable exchanges
Polkadat is a smart contract, but its main purpose is to create cooperation between different Chinese blocks, which is the general problem that the Chinese blocks have with each other is that they do not communicate with each other. It has attracted the attention of many.
DOT/USD - Potential 85% SetupHello Traders!
The DOT began to accumulate in the $15.90 - $23.00 range after the end of the correction
The price has consolidated above MA100 on the daily timeframe and is testing the upper boundary of the accumulation range, the level of $23.00
Entry into short-term purchases can be looked for in the range of $20.75 - $23.00
Consider exiting by stop-loss in case the price goes below $17.00
The targets will be price levels of
$30,00
$34,40
$39,00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
DOT - The Journey Of Two Paths...The much beloved Polkadot (DOT) is at a point of inflection in its journey. It has reached a point where it could have either a strong bullish or bearish run. In this trade idea, I will discuss each possibility and you can see which trade idea you would like to initiate.
TO BUY DOT?
How did we get to this point? When looking at DOT on the 1 Day chart, the price has fallen to a very longer-term level of resistance; dating back to 2020. This level of resistance is probably due to the large amounts of DOT that is staked and provides a strong level of support. If your Bitcoin thesis is that BTC has reached its lows and will start to consistently rebound, then this presents a good DOT buying opportunity
LONG: Enter at Current Market Price
Stop-Loss: $14
Take Profits: $22.50, $27,60, $30.80, $38.00
TO SHORT DOT?
DOT and many other alt-coins could have a bloody several weeks or even months if Bitcoin is not able to maintain its current price levels and BTC starts crashing down to the $20k range. With this, you could short DOT as there is no resistance from the current price levels down to the $7 range. Although many people have DOT staked for long periods of time, there reaches a point where the price gets too low for them and they start unstaking and selling.
SHORT: Enter at Current Market Price
Stop-Loss: $20
Take Profits: $10.30, $8.25, $4.20
Let me know your comments & opinions below.
Cheers!
polkadot is ready for Wave G NOTE :
Personally, I have been a staunch opponent of digital currencies for a year now, but as I said before, I have recently seen good endurance and demand in this bloody market, and now I hope to climb.
I think that the banks and financial institutions of the world, with the decline of all markets and its uncertain future in the war, have a good excuse to have a good profit in this market from the people.
Governments are also supporting the burning of money and the reduction of inflation
DOT support levelsDot has seen a 55% drop from ATH despite the parachain auction events. We are sitting on top of a strong support zone for now and in case it fails, we have the ultimate support zone which is really hard to fail for this cycle ( yes I'm assuming the BTC cycle is not over yet otherwise there is no point in trading alts anyway :)
Momentum is oversold, the only thing missing is a reversal candle print.
On the way back top, $39 will be a crucial level for S/R flip so TP and check for continuation / rejection if we ever get there.
Trade Safe!
Polkadot Analyze (Road Map)!!!🗺️Polkadot is one of my favorite blockchains. first, I have to say sorry for the busy chart but I tried to analyze it completely for you 🙏.
Polkadot Analyze ( DOTUSDT ) Timeframe Daily ⏰ (Log Scale)
Location 🌊: Polkadot has passed its 5 impulsive waves and now it is running on the corrective structure . if I want to say exactly about the location of Polkadot, it is moving in microwave C of Main wave A . The structure of microwave C of Main wave A can be Ending Expanding Diagonal .
🔅 Classic Patterns of Technical Analysis : If I want to analyze Polkadot with Classic Patterns of Technical Analysis, you can see the Head and Shoulder Pattern that Polkadot was able to break its Necking Line and now it is pulling back to Necking Line.
Where is the End of Main wave A ❗️❓
🎯 Target 1 🎯: 13.2$ unti 12.8$
🎯 Target 2 🎯: 11.2$ unti 10.2$
🔴 Resistance Zones 🔴 & 🟢 Support Zones 🟢 that we have in front of Polkadot .
🔴 Resistance zones on Polkadot's way :
🔴 Resistance zone : 54$ until 49$ (Resistance + Cluster of Fibs)
🔴 Heavy Resistance zone : 42.2$ until 37.8$ (Resistance + Cluster of Fibs)
🔴 Resistance zone : 29.6$ until 28.3$ (Resistance + Cluster of Fibs +Yearly Pivot Point)
🔴 Heavy Resistance zone : 24.6$ until 23.2$ (Resistance + Cluster of Fibs + Necking Line + SMA50+ Resistance Line)
🟢 Support zones on Polkadot's way :
🟢 Support zone :17.3$ until 15.6$ (Support + Cluster of Fibs)
🟢 Support zone : 13.2$ unti 12.8$ (Support + Cluster of Fibs +🎯Target 1🎯)
🟢 Support zone : 11.2$ until 10.2$ (Support + Cluster of Fibs + Head and Shoulder's Target +🎯Target 2🎯)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
What if $DOT has just completed the very first wave in its cycleI really like Polkadot and its solid way of building the ecosystem step by step. In the previous post, I did assume $DOT would move the Elliot Ending Diagonal with the BTC's downtrend.
But in this post, I make a new idea in long term for this token in case BTC has finished the downtrend and will keep the bull run this year. I realize the big channel between the peaks and dips, $DOT could be seemed to just complete the running flat correction in the first wave in its cycle.
If this idea comes true, how big the next wave will be large? But at least in short term, I will hold and stick to the Fib Retracement levels.
If you agree with this idea, please give me a like and share it.
Thank you
NFA
Polkadot don't give up-Do you remember last dip (May-July) ? i posted analysis and found the perfect bottom at 10$. ( i will post it in comments )
- So this time imho it's not the same because alts are almost bottomed already.
- This graph is a bit messy but you can see clearly demands zones.
- The difficulty is not to find where we go but when we go.
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Trading Plan
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Buy : 24$-25$ ish
Rebuy : 20$ ish
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Tp are unchanged from my last analysis
TP1 : 75$ ish (161.8%)
TP2 : 100$ ish (216.8%)
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Believe in Polkadot because to be a part of Parachain, Projects have to buy more DOT, Polkadot is poised to go up with time.
if you didn't take the train in July. You get another opportunity right now.
As always follow TheKing movements for safety!
Happy Tr4Ding !
CLV|USD: BIG GAINS AHEAD!?Clover supports the Polkadot ecosystem and helps Ethereum developers to participate easier. Technically, the daily RSI is very low which signals a possible bounce. We are also at the parallel channel support level. I think that there is a potential for more than 200% gain over the next few months. Any thoughts? Thx.
DOT/USDT Analyse
DOT/USDT chart shows that 4h retest is successfull and next resistance is around $23.
If a long green candle breakts $23 fast, we might see #DT over $27 and next targets will be as given below.
As all cryptos , DOT is being effected by BTC moves too .So if BTC breaks $40k in next days, we might see DOT rsing faster than BTC
Resistance levels are around $23, $27 and $31
Good luck
POLKADOT(DOTUSDT) SHORT TO $8-$9 POLKADOT(DOTUSDT) is going through an A-B-C correction. The correction looks like a Zig-zag correction which is a 5-3-5 wave design
Wave A - Went from $49 to $10.6
Wave B - Went from $10.6 to $55
Wave C - it's a 5 wave series and I think it will end up at $8-$9 zone before reversal
POLKADOT(DOTUSDT) going to retrace to 88.6% or 94.1% correction TO $8-$9 . We are presently at 78.6% FIB retracement, so the next best points are 88.6% and 94.1% and they are derived by the following formulae:
88.6% price level is derived by squaring (or multiplying by itself) from the Golden Ratio, 0.618:
0.618 x 0.618 = 0.786 (78.6%)
0.786 x 0.786 = 0.886 (88.6%)
0.886 x 0.886 = 0.941 (94.1%)
88.6% retracement price is $9.3
94.1% retracement price is $6.7
I believe POLKADOT(DOTUSDT) will still be shorted and may find the reversal between 88.6% and 94.1% zone because that's also a junction point where retracement of the whole five-wave series and the extension of the A-B-C meet
Please like and comment for feedback