DOT about to explode ?DOT finally about to break its 2 years bear market.
Next target should be 22$ if we break this pattern.
DOTUSD.P trade ideas
Will DOT price Reach $6?Market Context: Polkadot (DOT) is showing bullish signs, especially after breaking a long-standing resistance trendline.
Current Status: DOT is trading at $4.52, forming a Doji candle to retest the broken trendline.
Resistance Level: A strong supply zone exists at the $5.57 mark.
Technical Indicators - EMA: The 50-day EMA is rising and teasing a bullish crossover with the 200-day EMA.
Technical Indicators - MACD: MACD and signal lines are rising, indicating bullish momentum.
Recent Performance: DOT has bounced by 24% in the last two weeks.
Potential Targets: If DOT breaks above $4.70, it could aim for $6.
Downside Risk: A failure to break the $5.57 resistance could lead to a retest of the $4 mark.
Market Sentiment: Overall sentiment is optimistic, especially with the bullish breakout above $4.50.
Long-Term Trend: Polkadot aims to conclude 2023 on a bullish note.
Market Catalysts: A bullish breakout could significantly increase the chances of reaching the $6 mark.
Long-Term Outlook: Polkadot price predictions remain optimistic for the coming months.
Polkadot FINALLY Been watching for a good long while.
We have broken the trend and back tested in low time frames IMO.
Risk to reward.. I am taking a chance with now.
Already bought and staked today.
Sold a few of my Solana for the DOT.
Yes they are unlocking more DOT coins and selling(possibly OTC).
Yes this could be a bad idea but we will know in 3-6 months I am guessing.
Don't play with what you cannot watch go away.
DOT could go to ZERO none of my ideas are EVER financial advice.
Have been seeing videos and posts of SOL going to 3K....
I am guessing we are about to see a selloff.
Be safe Y'all and good luck!!
DOTUSD (4H) - Bullish breakoutHi Traders
DOTUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 4.414 resistance level. Only the downward break of 4.105 would cancel the bullish scenario.
Trade details
Entry: 4.414
Stop loss: 4.105
Take profit 1: 4.605
Take profit 2: 4.914
Score: 8
Strategy: Bullish breakout
DOTUSDTIt is expected that the last, fifth wave will be completed in the shaded area, and thus three corrective waves will be completed
Is Dot cleared from the alleged securities list yet?Not sure if the XRP win will clear up these other coins. What we want to see with this coin is break our wedge. Break out and range but not see more new lows. Hopefully there is $ entering the market soon with some of these alleged security coins.
DOT.USD (Full Analysis Long Term)Hello my dear Followers.
How are you?
I hope you feel great.
It's a new day and I want to talk about Polkadot (DOT)
Please pay attention that it's NOT financial advice because it's just a new vision that belongs to me. and I'm sharing this analysis with you.
So, please be aware and watch the market.
So, let's go into details.
I used the Fibonacci channel to analyze this chart.
0 is the bottom of the chart. 0.5 is the midline and 1 is the top of the Fibonacci channel. and so on
I want to check this asset in the daily time frame. Based on the information we had, we are still in a bearish trend. And expect to drop more.
Today market raised and I think it's just a pull-back to a lost support.
Please don't FOMO.
This market needs to drop more. According to my latest analysis about USDT.D, I expect this item to still go higher and higher. although the DXY is bullish too.
BTC.D is Bullish Too.
if BTC.D is bullish and Bitcoin drops, the altcoins drop more than you think.
It means that the market needs more correction.
There are four support zones for this asset, but just two zones are essential.
Let me define these zones for you. I believe that the main zones for Polkadot are 2.06 and 1.07 USD.
I don’t want to tell you the Polkadot will drop to 1.07 USD, I just tell you this zone (1.07 USD) is the last support and it might never touch the price.
the main support for Polkadot is 2.06 USD.
You should buy your asset at the cheapest price, so, you should be patient.
I want to put in my order of 2.06 USD to buy a Polkadot.
By the way, you should watch the market. Because bad news is coming. And they are really effective in this market.
The main correction wave has not started yet.
I want to refer you to my last analysis of BTC.USD in a weekly time Frame. we are still in the B wave and the C wave has not started yet.
It was my duty to warn you and tell you all the truth.
Sooner or later, but the correction is sure.
Please be patient. Control your emotions.
Opportunities in the market flow smoothly like a river.
It was my duty to tell you all things you need to know.
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this vision with your friends.
And tell me do you agree with me or not?
Good Luck
Ho3ein.mnD
DOTUSD (4H) - Bearish breakoutHi Traders
DOTUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 3.627 support level. Only the upward break of 3.902 would cancel the bearish scenario.
Trade details
Entry: 3.627
Stop loss: 3.902
Take profit 1: 3.458
Take profit 2: 3.184
Score: 7
Strategy: Bearish breakout
Polkadot, are the Bulls stepping in?Is it time for the bulls to step in after bottoming out, seems like a W formation is in the making in preparation for the rally.
DOT Price May Tank to $3.50 as Bloodbath WorsensConsolidation Breakdown: DOT price loses dominance over the $4 level.
50-day EMA Rejection: Polkadot faces constant rejection from the 50-day EMA.
Critical Support: A downfall below $3.75 may plunge DOT to $3.50.
Triangle Pattern: DOT price recently broke down from a triangle pattern.
Bearish Pressure: High degree of bearish pressure warns of a potential drop to $3.
Lower Highs: DOT has been forming lower highs for several months.
Current Price: DOT is trading at $3.86, below the crucial $4 mark.
Bearish Engulfing: A 3.86% drop last night formed a huge bearish engulfing candle.
RSI Indicator: Daily RSI line crosses under the 14-day SMA, hinting at oversold conditions.
Bearish EMA: Both 50-day and 200-day EMAs are falling, indicating a bearish trend.
Support Levels: Upcoming support levels of $3.75 and $3.50 are under pressure.
Flip Side: A reversal will challenge the 50-day EMA and resistance trendline.
POLKA POKER THE GAMBLE IS ON AS THE GAME SEEMS OVERIm not trying to trigger anyone
im just highlighting this interesting possibility
and if you are triggered meh
that said price continuing it HH & HL
broke that important zone not only that it retested textbook style
the only way i can determine whats next in this uncertainity
is through the fib and the past resistance in purple which
could act as great resistance btw especially the first one
if i see a confirmation of sorts there like BoS then im innit
to winnit
but if i see further BnR bro you know whats next
share your chart opinions below
DOTThe graph on Polkadot has already given the bulls a chance, created the Triple Bottom, the graph could no longer give the bulls a better boost, unfortunately the bulls surrendered too soon and the bears can soon show their claws.
Not the financial board.
Just for fun.
#DOT next stop $3.41, Then $2.45#Polkadot price action suggests further downside
Why? I have no idea...
I have never used or interacted with the #Polkadot ecosystem
Is it a Ghostchain ?
Again no idea.... I just know, if it gets cut in half, in terms of price ... I won't be surprised :(
Polkadot The L1 KillerDOT is not doing anything the past 1 year, at all. Just some hackatons and their failed subchains that are ghost towns right now.
If you would like to Hold DOT for the long term, you can start entering at the following prices:
From 4$ to 0.7$. I expect DOT to make at least X 4-5 the next bullrun but it will need a bunch of time. New competitors are on the market and old chains are kinda dead.
POLKADOT - Lower Timeframe Overview ✅On the lower timeframe, we can see that we have 2 entry trendlines in place.
The orange trendline = Risk entry
The red trendline = Safe entry
We can even go down further to find a sniper trendline.
Trade Idea:
- watch for break of either trendline for entry
- once trendline broken, stop loss goes below price
- Targets: 6, 7, 8
Goodluck and as always, trade safe!
DOT not bad for spot accumulation
Strong connections and growth with governments and companies..
Sony, Japan, Korea, a few more.
Might not be a bad idea to get off the sidelines. $2-$4 DOT is a bargin.
NFA
✴️ Polkadot Double To Triple BottomShort-term we have a double bottom.
Long-term we have a triple bottom... More or less but the signal is good.
Polkadot is showing very strong support around $4.20, we see a bounce a each time this level is activated.
The last attempt at this support zone ended in a higher low, alerting us of what's to come.
Keeping it simple, because there is no need to do anything else, Polkadot is preparing for a major bullish wave.
This is will be the second and last bullish wave of this year, a major event.
✔️ One in Q1 and another one entering Q4 and the year ends...
✔️ Easy target can be seen around $8, it can go higher...
Namaste.
DOT is Facing Significant ChallengesThe price chart for DOT is currently exhibiting a descending triangle pattern, forming at the conclusion of a downtrend. This pattern is commonly interpreted as a bearish continuation signal. Should DOT breach the support line, which also coincides with the horizontal lower trend line, it could create a scenario where the price falls below $1.
At present, the outlook appears quite unfavorable, with the cryptocurrency displaying notable weakness.
For a more positive outcome, it's imperative for bullish market participants to intervene and successfully breach the upper falling trend line. By accomplishing this, they can negate the ongoing pattern and avert a potentially substantial price decline.
Will DOT Price Reach $6.30 With a bullish breakout?
DOT price showing bullish cycle in descending triangle pattern.
Polkadot price forming morning star pattern in weekly chart.
Potential triangle breakout could lead to DOT price reaching $7.55.
Recent correction to $4.29 becomes multi-contact support level.
Positive cycle within triangle pattern, aiming to challenge 50-day EMA.
Altcoins hinting at bounce back, DOT price up 2.45% overnight.
DOT price currently at $4.61 with Doji formation.
Potential for green candle with increased buying pressure.
Second morning star pattern forming at $4.29 in 1-week chart.
Bullish divergence on weekly RSI at $4.29 base.
DOT price may rise to resistance trendline, needs to exceed $5 mark.
Breakout rally could push DOT price to $6.30.
Reversal within triangle may retest support at $4.29.
Will DOT Price Reverse To Break $0.10?
DOT price drops to $4.29, signaling a negative cycle.
Bullish reversal hinted within a descending triangle.
Potential breakout could skyrocket DOT to $7.55.
Solid use case and upcoming USD Coin on Polkadot hints at a bullish future.
Strong support at $4.29 could be the launch pad for a bullish rebound.
Bullish divergence spotted on daily RSI.
Overhead resistance challenge near $5; optimistic breakout to $6.30.
Bearish scenario could push DOT to $2.27.
prelove me wrong vincevince said this is just me watching the nasdaq but it is indeed the truth. you will see it in a week or so.
strong indicators of, let's be honest, a sh*tcoin, but lots of stuff works
Dot is about to hit a bottomWith the daily RSI double bottoming in oversold territory, it is unlikely that dot is going to go below the 4.20 support. I expect $5 before September, $5.5 by September 21st, and then a slightly higher low whenever it does come back down.
DOTUSD: want me some hotdotsI have wanted to accumulate some DOT for a while adding to my portfolio of layer 1 bags but for some reason other names have always been at a more attractive price point and Dot always seems to make a lower high. So, I have always backed out of buyin. Dot has bounced off of last low (didn't make a lower low by fraction of pennies) but most likely won't hold it. According to my Elliott wave count, now would be a good time got get some. If price falls into the rectangle box area, I will add 1 or 2% of my portfolio to Dot and stop loss will be at ATL, so pretty good risk/reward. If price starts to move upwards, then $5.7 lower high area will the spot to watch. I will get some at a higher price if there is a new uptrend. I like how this project enables defi but the current regulatory landscape might be working against it. At any rate, I think it is a good project and I want to hold some for long term.
