Polkadotusdt
POLKADOT Set to See a Huge FallThe chart explains it all. DOTUSDT has it's price action ranging in daily TF hence forming a symmetrical triangle. With the double top above, it is set to FALL.
The bear have it now!
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
BINANCE:DOTUSDT
Polkadot to $50 Major resistance at $38. If we break $38 with good volume, we should retest $50 level.
Speculation - Parachains are about to launch, most likely before the EOY, and we should see a supply shock of about 18-20% which would be locked for Parachains. Also, approx 65% of the current circulating supply is staked, which makes this supply shock even more interesting. I believe this could take $DOT beyond the $100 mark, and it could happen before the EOY.
Just my opinion, not financial advice. Do your DD.
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DOT/USDT - Potential 138% investment setupHello Traders!
During August-September, the ecosystem trend is actively unfolding in the market.
DOT (Polkadot) is one of the leading networks with a large number of projects and developers. Buying such an asset as an investment is the least risky.
It is reasonable to take advantage of the correction and buy the asset at a discount.
The first part of the position can be bought in the $22.00 - $25.00 range.
The second part is in the range of $16.50-$19.00.
Stop loss at $14.00
Target price levels would be
$34,40
$40,00
$45,50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Polkadot testing old resistance?Hello! I hope you are doing well.
DOT:USD(T) in September shows divergence between RSI and Higher Highs in chart.
It is already in the tunnel it entered February this year and left in May. These are very strong support/resistance lines and were tested over and over again throughout these months.
With Polkadot/Kusama Parachain program the price can mean both - early anticipation for adaptation as well as preparedness "for the winter" by getting prices low to collect more of its tokens.
As this tunnel shows a heavy previous fight between bulls and bears, only when breaking one of two - resistance or support we will be able to anticipate the further direction.
Thank you
$DOTUSD - Hang in thereHello everyone!
The cryptomarket corrected today after the release of economic data from the US, the US Dollar index almost hit 93, hence gained some weight over all assets traded against it.
There are various patterns on other altcoins, some like AUDIO even gained more than it lost today but we'd like focus on Polkadot.
So far it's above the dynamic support, and if keeps above it, will jump to 36 and 37.4.
However closing below this line might get the price to 32.
Polkadot is also extremely bullish at daily timeframesPolkadot is still bullish
For Polkadot, a cup and handle pattern is formed in a daily time frame, which after breaking the resistance line of this pattern, moves towards higher resistances, and the final goal of this pattern is the price of $ 47.