DOT/USDTdot/usdt obo var(shoulder head shoulder formation)16 usd may go down, you may need to adjust your stops
DOTUSD.P trade ideas
A year to test and launch for Polkadot2021 was a year of development and massive growth of users, programmers and accounts on the Polkadot network.
I look back and realize that this became a top ten crypto during a year where Parachains had not even launched yet.
Now that the Polkadot ecosystem is now active and online , dare to watch 2022 become a very bullish year for the $DOT, and the platforms built on top of it;
Moonbeam
Acala
Parallel
Astar
Clover
It's only the beginning.
Polkadot Idea Polkadot seems to be at a good point for a move upward to the POI.
Not financial advice.
2nd Post (not a pro)
the waters are warming. DOT investor should be careful.
we have seen a head shoulder formation in the past weeks. It was a head shoulder pattern with profit levels around $10.
When we look at the graph, we saw that it broke down and went to the resistance between 20-23usd.
Now these prices are very critical for the future.
If ıt can break the price of 32usd, which is the bottom of the shoulder-head formation, and make consecutive daily closes above it, it is very likely to form a new high
If it makes consecutive closes below $20, it is very likely to drop to $10.
we must be in the right action at the right time.
thanks for reading.
DOT BREAKOUT ICHIMOKU, TREND, FIB TARGETS AND SUPPORTBINANCE:DOTUSD
Polkadot Breakout
DOT broke out of pattern ahead of BTC, getting support from daily trend.
If breaks (daily trend) down here are the targets..
ICHIMOKU CLOUD
DOT is getting supported by the cloud and if DOT stays on top of it for a bit longer, the cloud will turn green creating immense upside pressure.
Also the ichimoku cloud, lines perfectly with Daily Trend acting as support.
Any price below 25$ is basically a steal..
BTC DOTUSD DOTUSDT
DOT - Eyeballing Upper TargetsPolkadot has done a bit of sideways action allowing the RSI to reset. BTC looks to be recovering, so I expect this to pass the emas and then the upper target. NFA, DYOR
Broke the wedgecould be a fake out, just a warning. I am buying... but I am ready to drop it if it is a fake out.
DOT During the recent dip Dot has shown relative strength to btc
This is my view on short term dot price action
blue for entry
red for tp
DOTUSD needs to break the 1D MA50 asap. More downside if not.Polkadot had a brutal rejection yesterday just below the 1D MA50 (blue trend-line). Being on a corrective wave since the November (All Time) High, the price needs to reclaim that trend-line as failure to so has brought in the past a Lower Low. The obvious comparison is May-June-July 2021. On June 03 the price failed to break above the 1D MA50 and that resulted in two Lower Lows until July 30 when it finally broke above it and started a rally until November.
Being on the Channel's Buy Zone (green area), DOT is even now a solid long-term buy though, and also there is a hidden RSI pattern (dashed lines) that shows that we may actually be on a July 26-like rejection and not June 03. We will soon find out but one thing seems for certain, a break above the 1D MA50 is a bullish break-out signal.
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PolkaDot Retracement over ..? and Already did 20% within 2-3 day#DOT/USDT
$DOT our Last entry filled at $27 and went upto $33.27
Almost gave 20% profit.
Now some Retracement at this moment.
Now…?
Now $28 is good support level.
If hold then we can see big spike in price otherwise $24 is strong support.
First Target still same = $60
Targets:- $40/$60/$170
Stop Loss:- $23
DOT/USD: Bounce Higher Shakes Off Dust After Mid-Term LowsOn the 20th of December, DOT/USD was near the 23.5000 mark and treading depths not seen since late August. However, in the past week of trading, DOT/USD has climbed higher and produced a solid incremental surge and is now within highs not demonstrated since early December. As of this writing, the price for DOT/USD is close to the 31.6000 level and the price of Polkadot is correlating rather politely to its major counterparts which have seen gains the past week.
Before traders decide to jump on the bandwagon based on the belief another surge higher is about to be exhibited by DOT/USD, they should make sure they keep their ambitions in check. The holiday season can produce strong volatility due to volumes being rather light and producing imbalances. This allows big trading positions in which Polkadot is being bought and sold via exchanges and cryptocurrency wallets to effect values quickly.
On the 4th of November, DOT/USD was trading near 55.0000 and had punctured highs made in May of 2021 with a strong demonstration of strength. However, since attaining these apex highs almost two months ago, Polkadot has struggled to find renewed buying momentum and it has gradually traversed lower, hitting rather nervous depths only one week ago. While the run upwards the past few days has been impressive and scored large percentage moves for short-term traders, the trend should be viewed cautiously.
As DOT/USD continues to bounce along the 31.5000 to 31.6500 level, traders may prove wise to wait to see if the early December values can actually be challenged. Conservative traders who are opening new positions of DOT/USD and want to wait for the next surge of momentum higher to indicate an ability to penetrate resistance levels may want to wait for the 31.9000 level to be penetrated and sustained.
Aggressive traders who feel that DOT/USD has ability to climb higher in the short term and want quick trades could look at this resistance as a take profit location. However, traders need to make sure their transaction fees allow them to look for fast trades if they are attempting to scalp pips.
Traders who are skeptical of the sudden rise of DOT/USD and want to be sellers may look at the current price realms as overbought. They should use stop loss orders correctly in case their technical analysis doesn’t meet expectations. DOT/USD is in an intriguing trading area and speculators may be attracted to the cryptocurrency if they want to make short-term wagers.
Polkadot Short-Term Outlook
Current Resistance: 31.9100
Current Support: 30.6700
High Target: 34.2500
Low Target: 28.1100
DOT breakout HODL !!Polkadot breakout 31$ next target 34-36$ or mooooooooreeee this weeek 100000%%%%% DONT SELL
HODL !!!
Bullish Polkadot ($DOT)One of the coins $DOT I am interested in as well as many others but Medium term I feel this project can excel further as we head into digital transformation further regarding Web 3... (Please do your own research as this isn't financial advice).
Technical View - Out of channel down - Bullish set up -
Pattern - Coming out of descending wedge could head towards 50 - 200 EMA.
Trade Journal
(Not Investment Advice)
POLKADOT - Bull Flag on HourlyDOT has formed a nice bull flag with the stoch/rsi curling up in a timely manner. Hopefully we can sustain volume and momentum. Long term this project is super bullish. NFA, DYOR
Last line of resistance! DOT :(Again, TAKE PROFITS!
Unless you put your money for a very large time you should be learning to take profits, manage your risk and pick the right assets. DOT is still great fundamentally but if it drops form this line it might be like ADA this last 3 months, but hold the logline that is in the previous analysis at $19
*Disclosure: I own DOT spot and not selling everything right away.
Trade like institutions
DOT Exchange Trading 21-12-26As always, this is education, not financial advice.
DOT has made it up to the top of the 50% zone almost. It never made it to the 78.6% zone but this is a strong move up into the zone. If price breaks above the 50EMA, we are looking good for a recovery.
DOT Next Target 40$$ Polkadot has broken out
Next target is 40$
The two major indicators, RSI and MACD are both showing promising signs of a reversal, the MACD which has gathered enough momentum for the upwards movement. Past history tells us twhen this MACD crosses, we got on a run.
Have a great new Year.
DOT Polkadot closed 3 of 5 tasks on the 4h chart...DOT Polkadot closed 3 of 5 tasks on the 4h chart...
1. breakout of the resistances on RSI and OBV (done)
2. flip the MA Ribbon bullish (green) (done)
3. breakout of the red trendline channel (done)
4. break the volume resistance
5. confirm breakout(s) and have fun 😎
But be a little careful... hidden bearish divergence with RSI has to be avoided.
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Polkadot is now officially live and onlineOn December 16 at 10:07 UTC, the first five auction winning parachain projects began producing blocks for the first time on the Polkadot network.
Acala, Moonbeam, Astar, Parallel Finance, and Clover are all officially online.
This is a defining moment in Polkadot's 5 year history.
This news is very bullish for a crypto project that has been gaining huge amounts of value while it was just in development stages.
I am very excited for this project, and I believe we can expect the start of another interesting bull run for the $DOT token.
More on this announcement :
polkadot.network
DOT breakout Polkadot has broken out of its declining channel which was the handle of the cup.
The cup and handle pattern suggests a movement to $65 at the 1.618 fib level and there is a major resistance level ion the range $80-90 around the 2.272 fib level.
The two major indicators, RSI and MACD are both showing promising signs of a reversal, the MACD which has gathered enough momentum for the upwards movement. Past history tells us twhen this MACD crosses, we got on a run.
Have a great new Year.
PolkaDot Ready for $100 Club because Strong Buy Pattern#DOT/USDT Exclusion TA Update:-
$DOT finally hit again Strong support as I mentioned in my chart many time.
Strong support = $24
Now Chart..?
As per chart $DOT is bullish and I am also Accumulating here.
I am expecting 150% Profit form support level.
Every time Strong bounce back because of Bullish engulfing Pattern.
This time also Bullish engulfing Pattern at Strong Support level.
Entry:- $24-$28
Target:- $40/$60/$170
Stop Loss:- 23
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