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DOTETH trade ideas

✴️ Polkadot vs Ethereum Hits Bottom (~200% Potential)After the 5-June session All-Time Low Polkadot (DOTETH) produced higher lows, last week an inverted hammer and this week another bullish candle. Needless to say this look extremely bullish to me. I do not track a single ETH pair so it is hard to say how far up it will go in this bullish wave, I don't have any reference point. I am putting the potential at around 115% but it can go on and hit 200%, even though this might be too much. We will have to wait and see. The chart is bullish even though the indicators, candles and everything else is yet to catch up, so early signals but hard to ignore. I hope that helps. Namaste.
Long
by MasterAnanda
6
DOTETH - 3 Target Levels after Sustained DeclineOver the lat year or more we've seen a continued and sustained decline with Polkadot; have we finally bottomed out and can now expect to see some growth once again? The price is currently sat right at the top of the aforementioned descending channel, a great place to put in a Short order? Possibly, or this could be a great place to start the next Bullish market from? We've got a strong Buy signal from CTv2 and 3 potential levels of TP above, 10%, 25% and nearly 50% increases on the current price; what do you guys think?
Long
by theCrypster
12
DOTETH - Small Consolidation Followed by 15% GainsWe've got a breakout of channel with Polkadot here, not only a channel break, but the price is currently just above a recent SR level and we've got a Buy signal from Crypto Tipster v2 - all of these Bullish signals indicate a rise could be on the table! We'd be expecting a temporary consolidation of price before experiencing a 15% rise to what has been a nice settlement area for the price historically. That's our target. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster
4
DOT/ETH - Descending wedge patternDot has always been one of my favorite projects, so I am a bit biased. Dot works to solve many of ethereum's problems, including long-term scaling and security solutions. Dot/Eth has been caught in a descending wedge pattern for 6 months. Notice how the RSI indicator has retained support near 30 and has even formed higher highs. This is showing a positive divergence to the chart. Assuming that the descending wedge pattern breaks to the upside, the initial target would be ~0.01Dot/Eth.
Long
by TheQuestioningMind
1
Polkadot or Etherium?Straight to the point. In my opinion DOT will be a better performer than ETH this year. As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices. The 1.618 fib level is not out of the question in my opinion. This would put it's USD price at $183 if ETH is at a $5k price tag.
Long
by CryptoNCoffee
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
Short lived? DOT breaking up against ETH !DOT breaking a short tern downtrend against ETH, but we have been at this inflection point before over and over. So I would be long DOT/ETH in the short term, but seriously give it a short leash with my stop loss level. On the fundamentals, please go download a wallet and use Polkadot and you will see it is full featured. Almost to point that "most" users will have a bit of a learning curve and likely need to follow a few do's and don't instructional videos. I was quite surprised how not-straight-forward the wallet is to use frankly, albeit with plenty of functionality, but let's just say they were not copying anyone's homework. Walking your own path is great as long as you get the network effect, I would re-release a simpler version and put a dog meme on it;-) Whether noobs pick it up and use it, time will tell, but they are late to the party and although I can get my head around it, this ain't Grandma ready. **PLEASE USE PROPER RISK MANAGEMENT AND NEVER GO ALL-IN ON ANY INVESTMENT**
Long
by Silverbacked_Gorilla
4