Potential wick off schematic roadmap With an asset depreciating in price and parachain auctions acting as tokenomic deflationary policy, leaves us a good opportunity to buy when price creates new lows.
DOTUSD.P trade ideas
DOT, reached the trend support level.The following content is machine translation:
At present, it has reached the trend line. If it steps back in the past two days, it is a good position to have multiple layouts near the trend line.
From the wave point of view, if there is a rebound here, it is most likely to be the fifth wave.
You can play near the trend line, and you can stop the loss if you break the trend line.
Dead Cross in DOT There is a dead cross in 4h chart Polkadot! fist level support is $37.23, support area 2 is $32.38 and last one is $26.14 which is nightmare!
DOT POLKADOT Big Move Incoming! TARGET $600DOT played out a nice rounded top and corrected bouncing off the curved trend line. Its almost done its consolidation/correction and its on to the next big move up to about $600! This one isn't done yet so hold on to your hats. Not financial advice just my opinion. Thank you for checking out my chart, follow me for frequent updates and if you have any charts you would like me to look at please let me know. Happy trading and stay safe my friends!
MY MINIMALIST CHART ANALYSIS FOR POLKADOT$DOT
11.16.21
2353H +8 PACIFIC
ALERT: ENTRY POINTS
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
JUST DYOR ENTRIES. Watch for Price action/ RSI and STOCH, VOLUME, and FIBS. Set your tight stop loss as any geopolitical, natural/man-made calamities will change the course for our TARGET AREAS OF VALUES.
REMINDER:
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
You can CLICK AND hold THE CHART and PAN or DRAG IT.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!
DOTUSD (4H) Bullish reversalHi Traders
DOTUSD (4H Timeframe)
Waiting for the upward break of 49.42 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 43.91 would cancel the bullish scenario.
Trade details
Entry: 49.42
Stop loss: 43.91
Take profit 1: 52.43
Take profit 2: 57.8
Score: 7
Strategy: Bullish reversal
DOT Descending Wedge (bullish divergence)DOT is in another sharp descending wedge.
Typically this breaks sharply up, and after the correction DOT has completed, has provided more affordable prices for entry.
Notice the hidden bullish divergence.
Watch for a breakout
DOTUSD Ascending Scallop Pending BreakoutDOT can be seen to continually reject the price along this chart pattern line
It is called an ascending scallop
and they love to break out to the upside even further when the formation is completed (green oval)
Big upsides coming
PolkadotPolkadot is beginning to weaken, not only in itself, but particularly in comparison to that of Bitcoin.
As we've discussed at length here on TW, Bitcoin continues to show some bullish sentiment due to its recent technical breakout in MARA/BTC. As long as this pertains, we'll stick with the majority of our position in Marathon Digital Holdings.
60 percent of my portfolio is currently in Marathon. The remaining 40 percent is spread out in alts. With that said, I might consider reallocating a good chunk of those alts into Marathon as a few of them show emerging weakness, both individually, but even more so when directly compared to Bitcoin.
On the Poladot versus Bitcoin chart, the price was once again rejected by the horizontal resistance zone - and this after a minor fakeout. On top of that, the price has recently dropped below the diagonal support as well and is presently trading in a weak spot.
And to add fire to the flames, we also have a 3-point RSI divergence on the daily chart.
If this bearish internal trend were to continue, it naturally doesn't mean the price of Polkadot may go down. All it means is that Polkadot will then be expected to under perform versus that of Bitcoin.
Let's then dig a bit deeper to find more clues of the overall market health condition.
If we proceed to look at Polkadot itself (as in compared to the USD), we can firstly detect that it's trading right at the horizontal support zone. On top of that, the RSI looks strong too and for two reasons.
Firstly, it has retraced quite much - by almost 20 points to be precise - from a mere and seeming price correction.
Secondly, it is still trading within a strong bullish red RSI channel.
So far it shows every sign of health. This in combination with the strong horizontal support zone and the thus far strong bull trend gives me no reason whatsoever to be bearish on Polkadot. Quite the opposite!
This means that if we put the just-turned-bearish DOT/BTC next to the nicely and bullish-looking DOT/USD we can technically conclude that Polkadot's trend is up, but that it is yet statistically bound to under perform versus that of Bitcoin. This in turn leaves us with the conclusion that Bitcoin is even more bullish.
To further add weight to our technical case - as in to further increase the probability of being correct - we will soon proceed to compare more individual alts and their respective strength-relationship to that of Bitcoin.
But for now, it's Bitcoin season 1 - altcoin season 0, yet with both looking technically bullish regardless.
DOTUSD long-term channel and arcs within channelIt seems impossible given the boring price action on DOT lately..
However, the current dominant arc is telling us a move to $95-120 is happening within the next month.
Looking at the longer-term patterns, we can see it has all been happening exactly according to the patterns.
That smaller arc had almost perfect touch points all the way, almost too perfect!
It was clearly broken to the upside and now we see a retest of that arc.
The larger arc in play now had some long wicks on the slide down that vary on different exchanges, so there is some room to extend the right side of the arc out longer, depending how you draw it. Playing around with it, the one here is my favorite.
Regardless of how you draw the arc, it is telling us a fast move towards the upper trend line is coming.
That upper trend line has just two confirmations, but it matches up with the arc and is the best guide for now given DOT's limited history.
There is added risk due to the uncertainty of that upper trend line, so choose your strategy accordingly.
Of course, it can break above that line as well, if DOT sees strong adoption when the first parachains go live. $300+ is possible.
Also be aware that an eventual return to the long term support trend line is likely, so be sure to take some profits when your personal targets are reached.
I'm currently LONG and looking for a strong move up in the next 2 weeks.
This would be invalidated if it breaks down back into the smaller arc, or fails to break back above $50 by the end of this month.
Long term, I think DOT has a good chance to be a highly used crypto ecosystem and follow an explosive price pattern similar to Ethereum, Binance Chain, Cardano and Solana.
Enjoy and good luck.
DOT faces rejection at $46 as bears takes overPolkadot price analysis is bearish today.
Resistance for DOT/USD is present at $46.4.
Support for DOT/USD is present at $42.7.
The Polkadot price analysis shows that the coin got rejected from further upside as the price went near $46.1. Earlier, the DOT was rejected at $47.6 on 11th November, and it seems like bears are tightening their grip day by day, as now the price trend line has started forming slightly downwards. Every upwards price cap is lower than the previous one from 8th November onwards, which shows bearish empowerment.
PolkaDot DOTUSD - HUGE Parallel Channel on the Daily chart- Polkadot - DOT - Rank #8 -Coin
- Polkadot is strong on the daily timeframe , as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance .
- Target top of the chanel or 1:1 fib extension on the daily chart .
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Due to my Elliott wave count, the correction is totally over and we can expect a higher prices!
- If you want to see more of these ideas, hit "Like" & "Follow"!
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PolkaDot Still $100 Potential of entered in bearish Zone ..?#DOT/USDT TA update:-
$DOT lovers Still hoping $DOT can hit $100
Is it Possible..?
Yes It is Possible if #DOT hold $40-$44
I can expect bounce back from this Level.
First $DOT need to break $54 resistance which is Current All time High.
Above $54 Its Clear way toward $100
But Below $43-$44 Level I am bearish .
Support:- $43
Resistance:- $54
$DOTUSD - Major support retestedHello everyone!
DOTUSD just retested a major support during the flash crash of November 10.
If DOTUSD remains within this parallel channel, Polkadot will double.
DOT ReviewAgain, working to understand different ways to analyze charts. Here's a review of DOT that appears to be accurate. We'll see how it lands here in the next 6 days. But if the process worked we should see DOT hit $46 on 11 November. Obviously no guarantees and the market will do what it wants, but getting my analysis reps in. Would be great to hear feedback. Am I missing anything? Are there any built in indicators, strategies, or patterns that could have done this faster/better?
DOTUSD on the 1D MA50 targeting +$100Polkadot has been one of the hottest high cap cryptos since September's correction. The application of the Fibonacci Channel shows even more effectively how well it has been repeating the early 2021 rally.
As seen on this 1D chart, DOT rallied with the support of the 1D MA50 (blue trend-line) in Q1 2021. On the current sequence, the 1D MA50 has been supporting since August 01. It is therefore possible that as long as it holds, DOT will go after the 5.0 Fibonacci extension (horizontal) which is around $150. It is the firms thesis that this crypto will reach at least $100 during this run.
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DOT resistance and support to $60As you can see, DOT is respecting the boundaries of the pitchfork.
These lines provide areas of resistance on the way up to ATH.
In the short term, I see $60 as the next target for profit taking.
I bought more DOT during this dip, but I am always impressed at who manages to buy it at the exact bottom, to maximize profits!?
Many ALTs are waking up, yesterday may have been the beginning of ALTSEASON.
Good Luck
DOT price rebound and new directionDOT is under strong influence of BTC and it will depend on BTC for further direction, we will see how BTC behaves in the coming days
DOT-USD - Bull Case Polkadot tries to hit $61 based on the FIBInterval: 4hrs
Description: Polkadot recovers from the sale, and tries to hit $61 milestone by Nov 22.
$DOT upcoming 4hr divergenceDot is oversold, looks like it might print some 4 hr bullish divergence if we're lucky enough to get another price drop. Not involved in this one yet, just waiting on the divergence to play out.
