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Polkadotusdt

POLKADOT WAIT !!!!!!! Hi Folks, Wow as Technical Analysis can be really fascinating and it really is. We have it here. You know the saying; follow your gut? Well are you ready to check it... Polkadot as much as I have trust in this asset and protocol we have to look to the Technicals to see what it is saying to us.. So let's start; Trend? Uptrend we have. We are battling resistance line now at the moment of writing. Candlestick is forming a nice white candle but it hasn't closed yet. Check te Downtrend line from Mid May till now. We are reaching a point, that is crucial, to try to break this downtrend line. But What I would love to see is when a asset reaches a crucial point like this on, it comes with momentum and a lot of volume. But unfortunately I don't see it. Be Aware. Then the RSI can't break through a resistance line neither same as with momentum.. But the positive side is at the 4 hour chart we see the crossing of the 50 day ma with the 200 day ma. That is named a Golden Cross. But we see the Elliot Wave Theory. Is it already the 5th wave? Place this in context with the trend line and the resistance lines... What do you conclude? My advice stick to the chart closely and watch how it unfolds and be ready to take action immediately..
by MoneyMakingMuro
6
POLKADOT ECOSYSTEM WHAT'S WRONG?Goooooooooodmorning Folks, As I am a believer in the Polkadot ecosystem and I have positions in this beautiful asset I will give my opinion here on the USDT chart. What I see on the Daily chart for the price coming closer to resistance is not how you would like to see the price action fighting resistance.. Small real bodies with wicks on both sides not with a lot of volume.. As yet prices rise that is positive but yet we have to be aware.. So I always look closer in to the 4 hour chart. Because I have the personal feeling of this chart giving me more information about short term/longer term trends. i.e of hours among day... What I see on the 4 hour chart is the uptrend line being test several times.. and it holds the test. also with determination in the sense of this long lower shadows imply for rejecting of lower prices. That is positive. We clearly making us self ready to fight resistance level again. It has failed to penetrate it 2 times earlier. If we break resistance next price level will be around $16.50.- to test that level. If we don't break resistance there is a likelihood for prices to fall back to $14/$13.5.- If that doesn't hold we fall back even lower to price level around $13.- But be positive because the overall trend last days is up and you know the trend is your friend LOL.
Long
by MoneyMakingMuro
4
Time to step in.. Polkadot/USDTHi Folks, I always say when you take a position in a trade and you know why you took that position than it is a good trade. Even if it works out the other way. That is always a probability.. On the daily chart Polkadot/USDT is very bullish.... The Bullish Engulfing pattern has been confirmed strongly in a low price area.. The RSI is around 40/42.. and the price is moving on the downside of the Bollinger Bands. These 3 indicators and price action confirms it is time to get in at the trade as I did at $13.18.- Target price is at $17.00.-/$17.50.- 1st support is at the half of the Engulfing pattern (Steve Nison Techniques) 2nd support at the low of the Engulfing pattern 3rd support also critical support is at the end of the shadow of the black candle Happy trade.. and remember even if the technicals are all pointing your way it still can go the other way. That's trading..
Long
by MoneyMakingMuro
Polkadot Macro AnalysisDOT is currently ending a zigzag correction (5-3-5), I think we are about to finish wave C of a larger ABC correction. It might consolidate around the 10$ to 15$ levels for a while before making a decisive impulse to the upside. When DOT breaks the steeper red downtrend line it might signal that the correction is over and it will mark the beginning of the new accumulation zone that will start a larger trend reversal. I'm expecting a new all time high of between 80$ to 130$ in a 6 to 10 month timeframe. Not financial advice.
KRAKEN:DOTUSD
by Stricken
POLKADOT Massively Undervalued vs ETHAfter the big surge in DOT since early 2021, DOT moved all the way down to test the absolute bottom vs ETH since its launch. Expecting this lower range to be the bottom and a trend reversal in the coming weeks. There's bullish divergence in the RSI and MACD. Parachain auctions will be launching for DOT in the coming weeks, this will also highly increase the demand for the coin. This is not financial advise, it's just to keep track of my own trading.
Long
by Stricken
1
DOT, Polkadot - I'll open a position ONLY after this scenario⚡️Big chance to continue down. But, I think, the better pattern for it - squeezing near to 14.975. And only after that breakout. If we do it without it, I'll not trade this breakout. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
7
Polkadot Potential Wycoff AccumulationWycoff Accumulation is something I spent the last few days reading about since I keep seeing everyone talk about it. While I don't necessarily believe this trend will last this long - the market has been very stale and there is still a lot of fear. This model does follow the narrative of corporate accumulation as well. Tesla is very innovative and I'm assuming they have a board that is the same, these other dinosaur companies don't. It takes months or years to get moves improved, but I'm expecting other companies will follow. The spike in price in July also follows Polkadot's parachain auction. While I want this to be a quick correction - the price collapsed so quick that most big/new investors probably want to wait for a confirmed bottom especially with the history of crypto. You don't get rich from FOMO - they aren't rushing in. I tried to match the model as best as I could, but realistically the model doesn't need to be exact to be right, and yes this is the Polkadot futures chart which isn't the best indicator of the market by any means. March to mid-May the charts bouncing in a price discovery zone after running up for 3 months, it's not unreasonable to assume support will be tested the next 4 months. This could be completely wrong as well, there are other things going on in the chart as well, just wanted to give a conservative possibility.
by QuadCitiesCrypto
DOT goes ballistic, launching toward $28Polkadot becomes of the most improved crypto assets in the top ten. The token rallied in tandem with Bitcoin's recovery from $31,000 to $37,000. Support at $20 played a key role, ensuring that DOT did not explore lower price levels. Meanwhile, most cryptocurrencies are in green on Thursday toward the end of the Asian session. Similarly, Polkadot trades at $24 following double-digit gains of over 14%, accrued in the last 24 hours. Polkadot uptrend seems intact Polkadot has lifted above two critical levels, the 100 Simple Moving Average (SMA) and the 50 SMA. These are significant milestones within this recovery mission. Note that a four-hour close above these levels would validate the upswing to the next critical level at $28. The Moving Average Convergence Divergence (MACD) indicator adds weight to the bulls' ability to take down the seller congestion at $28 and perhaps catapult DOT beyond $30. The MACD is a momentum indicator; it also follows the trend of an asset. Both sell and buy signals are usually expected from this technical indicator. Realize that the MACD line crossing above the signal line, as illustrated on the chart, is a bullish signal. The MACD line dropping beneath the same signal line is a call to sell on the flip side. Moreover, a break into the positive region (areas above the zero line) is another bullish signal. The Relative Strength Index (RSI) cements the bulls' presence in the market. This indicator tracks the trend of an asset and measures its momentum. Note that a sharp movement toward the overbought region shows the aggressiveness of the bulls. The RSI also identifies when an asset is overbought or oversold. Therefore, as the indicator hits the overbought region, investors should tread cautiously to avoid being caught unawares by a correction. Polkadot intraday levels Spot rate: $24 Trend: Bullish Volatility: Low Resistance: $28 and $34 Support: $20 and $14.5
BINANCE:DOTUSDLong
by CoinGape
4
Polkadot (DOT) - 4h. Fall wave correction is not over yetThe drop in th e [b ] Polkadot (DOT ) market by 72% in one week significantly reduced investor interest. An attempt to form a new wave of growth , which buyers began on May 23, is more like a wave of correction. If at the beginning of the growth wave formation the trading volumes were increased, now we see that the buyers' fire is extinguishing before our very eyes. The first local problem of buyers, which they cannot cope with, is at the mark of $24.5 . On the chart, we see that buyers twice tried to take control of this mark. However, given the fact that buyers were able to hold the range of $19-20, we will soon see a third attempt to break the mark of $24.5. At the moment, the range of $19-20 is a critical point for buyers, the control of which ensures the continuation of the local growth scenario in the DOTUSDT market. The loss of this range will pave the way for sellers to $14. And this scenario will continue to fall and update the previous low. Our main target is to test the range of $30-31. If you look at the daily timeframe, you can see that in this range when there was the lower limit of the global consolidation: The chart shows that buyers are preparing to test this range. We doubt whether buyers will have enough strength to continue growth without correction. Considering the powerful impetus for the DOT price fall, the best scenario is the continuation of the price movement in a broad consolidation of $19-30. The scenario becomes especially convincing when we look at the weekly timeframe: However, we will describe the global situation on the DOTUSD market after testing the price of the range of $30-31. P.S. The previous idea worked well:
Long
by P_S_trade
26
Polkadot (DOTUSDT) bullish inverse head and shoulders!DOTUSDT is testing the neckline of the inverse head and shoulders pattern at $22. Bitcoin has already broken out of the inverse head and shoulders , so lets see if Polkadot can follow. A break above $22 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup. As always, I’m not a financial advisor, do your own research, and stay safe! Why Follow 1. Daily technical analysis 2. Live trade setups and updates 3. Group of TA experts 4. Live whale alerts 5. Critical news
Long
by cryptotraderog
2
Short Idea for Polkadot (DOT)Polkadot (DOT) broke down from a toppish broadening wedge last May 20, along with the rest of the cryptomarket. USD 28 which had served as support since February, was swiftly taken out by the bears. There's now 3 months worth of volume at the top weighing down on DOT. Since the breakdown, the market has consolidated into a symmetrical triangle. Given that this is usually a continuation pattern, we're leaning on the downside. A break of this triangle would drive prices down to next major support, a decent opportunity to make profit. A clean break from this triangle at 18USD could push prices down to USD10 zone. There are a couple of ways to play it: 1) Short a Quarterly Futures Contract. If you're willing to wait longer, you could short from within the triangle and close the position close to target. We're currently at the bottom of the triangle and waiting for higher prices such as USD 23/24 would improve our risk to reward ratio. Stop loss would be at USD26. This type of futures contract also saves you from funding costs on Binance. 2) Short a Perpetual Contract. If you're the type to wait for confirmation, a clean break at USD18 would be good opportunity to short with leverage. 3) If you're not into shorting, you can place a buy order near USD10. Support levels provide a good bounce opportunity.
Short
by Jaime_Zulueta
5
Polkadot The Beginning After The Endif you think this little Shakeout will disturb Polkadot future, you are wrong. Time is everything and Fibo never lie. i want give to new comers in Cryptos an optimistic view, this Shakeout was hard for new peoples, but just normal for crypto veterans, we are just at the Beginning of this bullrun.. 90% of altcoins not even broken their 2017 ATH..we still have time and toons of opportunities. i won't speak about Polkadot FA ( Fundamental Analysis ) but i can tell you that DOT can only go up because of his Parachains Slot System. Here a very preservative forecast : ---------------------------------------------------------------- Trading Parts ( Long Term ) : - TP1 : 70$ - TP2 : 100$ --------------------------------------------------------------- Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
14