Polkadotusdt
DOT ready to explode to $100DOT/USDT looks very bullish on the daily timeframe as it looks to breakout from a 3 month long consolidation zone spanning all the way back to February.
My targets for taking profits are highlighted on the chart and are situated at the following respective fib levels:
TP 1 at the 1.618 fib ($61)
TP 2 at the 2.618 fib ($82)
TP 3 at our final target just below the 3.618 fib ($100)
The % profits you take at each level is entirely up to you, however I will personally be looking to close between 25-33% of my long position at each TP target.
SL (Stop Loss) will be adjusted accordingly as targets are hit. I expect this trade to starting play out over the coming few weeks and hit the mentioned targets over the next few months leading us towards the end of August.
Please note, caution should be exercised if BTC closes a weekly candle below the 21 EMA , which would indicate a shift in trend from bullish to bearish for the short-med term. In this scenario alt coins would most likely dump alongside BTC. In the event the aforementioned scenario plays out, I would advise to close this trade and look for lower re-entry to DCA your position.
Be sure to follow me here on TradingView if you want to receive future updates and SL adjustments for this trade and many more.
Disclaimer: This is only my opinion and should not act as financial advice, always DYOR (Do your own research).
DOT, Polkadot - when we come back to 42$?Today price tested the important key level 36.790. I expect some movement near this level. It will be a great breakout pattern. Buy after breakout and retest. Now I see a more long position than short. Because of that, I think we'll come back to the accumulation zone soon.
Write in the comments all your questions and instruments 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
DOT - 12h. Global correction and new upward momentumThe buyers were not strong enough for only $ 1.5 to test the mark of $49.7. This mark was the target of our previous DOT idea:
Buyers managed to break the triangle up, which significantly raised the mood of investors. The new all-time high has been updated and nothing should have stopped the DOT price. However, on April 17, in just 24 hours, sellers managed to lower the DOTUSDT price by 30% . This situation made us take a fresh look at the DOT chart. First of all, we once again reaffirmed the importance of the range of $38-39 . If you look at the hourly timeframe , you can see that the increased trading volumes in the DOT market began only after the price met the range of $38-39:
After breaking through this range, the price began to fall faster. And after an unsuccessful attempt by buyers to return this range on low volumes , the DOTUSD price updated its local minimum. Therefore, for a conservative entry into a DOT position, you need to wait for the price to consolidate above the range $38-39.
Our second observation is the global consolidation channel in which the DOT price moves from February 20:
The movement in the white channel is very similar to a simple correction after a powerful upward impulse. The key range for this consolidation is $30.5-31.5. Throughout the month, buyers carefully protect this price area. On March 24, sellers tried to break through this price zone using medium volumes . The attempt was unsuccessful. Now sellers are trying to conquer the range of $30.5-31.5 again. However, as we can see from the volumes, sellers spending more effort cannot update the local minimum of March 24. This fact tells us that sellers' exhaustion reaches the end and ahead of the DOT market. A new upward impulse awaits. However, this is a completely different story)
At the moment, we expect the continuation of the Polkadot price movement in this consolidation channel and a test of the mark of $50. If you are interested in seeing a global DOT idea - write about it in the comments!
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PolkaDOT (New All Time High Incoming!) $70-$80+ TargetDot has been in consolidation for quite some time, and it is one of the superior cryptocurrencies that has an actual use case as far as fundamentals are concerned. And it has barely moved the needle over the last few weeks. It definitely has all the signs of a wyckoff accumulation phase though, and it seems like we could have some very impulsive moves as it just smashed through the previous ATH and is now again in price discovery. If you aren't in, you may want to begin building a small position (low or no leverage) with bigger buys if we head to the trendline once more. IMO, there are many shitcoins that have mooned that are worth exactly $0 (doge for example). I could be wrong though. I have stops below trendlines just in case -- never bank big on a moonshot and treat your account like its a large amount even if its not. During this insane bullrun Dot could easily reach $100+ in the coming weeks.
DOT/USDT - potential 23% setupHello, Traders!
DOT completes a phase of local consolidation before entering a new price range
Entry can be sought in the range of $43.25 - $45.25
Stop-loss can be placed under the price level of $41.35
Trend targets
$49,57
$52,73
$54,68
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered as the financial advice
DOTUSDT Double BottomsDOTUSDT has created Double Bottoms and completed a strong bullish breakout.
After the breakout, we have seen throwback from 37.71 the broken zone and now waiting for trading volume to open a buy trade near 45.00 to 47.
NOTE: Only buy when you see volume in the Circle. Otherwise, the setup will be invalidated.
Buying Zones
BZ1 45
BZ2 47
Stop Loss
37.15
Short Targets
TP1 52
TP2 60
Long Targets
TP3 70
TP4 76
It's a Spot Trading Setup. You will be responsible for any loss if you take in the Futures.
Happy Trading!
DOT, Polkadot - I expect for the entry point ⏳The price has consolidated above the key level. It created a local downtrend line. If price breaks this key level, it will be a great opportunity to go up. I'll say it again, I think, the coin has powerful potential.
Write in the comments all your questions and instruments 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
DOT hits historical high as bulls remain relentless
Polkadot spikes to new all-time high after crossing above the stubborn resistance at $40.
The upswing hit a barrier at $47, cutting short the journey to $50.
DOT is likely to consolidate before the next significant move toward new all-time highs.
Polkadot finally made it above the crucial $40 level. The move triggered massive buy orders as investors speculated a liftoff past $50,000. A record-high has been traded at $47, limiting the price action. Meanwhile, DOT is doddering at $45 amid the hunt for higher support.
The upswing occurred during the long Easter weekend. Several digital assets surged, including Ripple and Stellar. On the other hand, Polkadot retreated to $40 following a rejection from $47. In the meantime, the digital asset has already renewed the uptrend to trade beyond $45.
On the upside, the immediate resistance rests the historical high of around $45. A glance upwards reveals that $48 and $50 levels may also limit price action. Recently, the Moving Average Convergence Divergence (MACD) hit a monthly high at 2.5. A correction is underway, but the indicator leans more to the sideways trading action based on the MACD.
For instance, the MACD line (blue) holds slightly under the signal line. The primary battle is to cross above the signal line, thereby reinforcing another upswing. However, the MACD is relatively horizontal in motion, thereby paving the way for consolidation ahead of a breakout.
If the immediate support at $44 fails to hold, overhead pressure will mount toward $40. A break under this level may trigger a high volume of sell orders, culminating in massive losses toward $36 and $30, respectively.
Polkadot intraday levels
Spot rate: $45
Trend: Sideways
Volatility: Low
Support: $44 and $40
Resistance: $47 - $48, and $50