ATH Breakout ImminentDOT is lagging the L1 pump after SOL, ALGO and ATOM but likely to catch the wave very soon.
Flipped the 200 day as support and bouncing strong at the open. Think this gets going shortly.
DOTUSD trade ideas
POLKADOT heading to a possible retracementDOT expressed some good performance over the last weeks.
The decreasing RSI is showing a loss of momentum but a further uptrend continuation is probable before a retracement on the indicated supports.
The overall bias is bullish on Polkadot on the next months!
What's your guess?
*Not a financial advice*
Polkadot Price AnalysisThe four-hour chart shows that a rising trend line has capped the price since the middle of August. The trend has been a constant source of rejection for the price and the catalyst for last week’s technical reversal. Furthermore, the trend which is currently seen at $39.00, proved the high for the last two days.
Therefore, as long as Polkadot stays below the trend line, a correction is possible. In that event, some obvious downside targets emerge. A rising trend line at $34.00 from last week's low is the first support level. Below that, the 21st of August high around $29.50 offers the next level of support. However, if the Polkadot price manages to clear $39.00 an extension to the $42.00-$45.00 is probable. Furthermore, above $45.00 and the all-time high of $49.77 could be under threat.
Feel free and get in touch for more ideas and trade signals
DOTUSD - Bearish Divergence-Bearish Divergence on the 1 day chart.
-More of this divergence can be seen in the near-term on a 4 hour chart, as well (not shown here).
-Stochastic RSI shows there may be a little more upward movement possible before a reversal.
-The 0.5 fib extension level, as well as resistance at $32.4 may be difficult to overcome, but price might push on up to the 0.618 fib. Let's see!
-Keep an eye on BTCUSD and ETHUSD, as they can affect DOTUSD's price.
Good luck, and have fun.
Note: Don't trade based on my ideas. They're worth exactly what you paid for them. I'm fairly new to this, and my charts are for my own entertainment, education, and record keeping.
Divergence in dot/usdHello everyone
I see divergence in dot/usdt within the chart and RSI...so others.d and usdt d are falling and btc.d is growing... He seems to need a break for altcoins. Save your money from dumps.
ShaMJ⚡
$DOT/USD reaching ATH?DOT continues to rise without mercy.
After breaking through the strong resistance line of $30
, the golden cross of the moving average also overlaps. The strength of the rise is even higher.
The next resistance line is $40. Volume is also rising and MACD also has a golden cross about to be completed.
In addition, the weekly MACD is the first time completed with the golden cross.
The day to break out of $40 and reaching $50 is coming soon.
DOT Daily Bearish DivergenceLongterm bullish on DOT. But, DOT is moving into former supply and Bearish Divergence MAY be forming here. Something to watch that may provide a dip opportunity.
DOTUSDT PATHDOT SEEMS TO BE ON THIN ICE BUT IS BACK ON THE UPWARD TREND LINE. What do you guys think?
the footprint of Solana on Polkadotcrab harmonic pattern:
AB=0.61 XA
BC=0.38 AB
tp1=1.6 BC=$129
tp2=2.6 BC=$617
tp3=$3.6 BC=$2900
tp4=1.6 XA=$5643
the breakout of the $35.5 happened.
resistances in the way of $129:
R1=$41.5
R2=$60
R3=$94
Polkadot looks to be ready for a move upPolka dot (DOT) is setting up for a good move.. upward channel in play .. targeting 90+
DOT Long: looking to break ATHSUMMARY: Long, 4 bullish patterns and trends.
Ascending triangle
Falling Wedge
Bull Flag
Full retracement on Fibs
Top 10 Alt Coin.
PolkaDot DOTUSDT - HUGE Secret Ascending Channel + New ATH soon- 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"!
DOTUSD Price TargetsIn the next week(13 Sep - 19 Sep) I expect to see dead cat bounce and the price to go to around $40.
Between 20 Sep till, at most, the beginning of October we will see the bottom of this deep. The target price for this deep is around $25. I do not believe that we will see a low 20s price.
After that, the price will start going up. In early or mid-November DOT will reach new ATH. Once we pass the resistance level at $49 it will go into the price discovery range. I, personally, expect at least a 20% increase of the ATH.
To summarise:
Expected lowest price - $25
Expected ATH record - $59.22
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DOT - $73DOT is currently trading above the support of $25.88. If it can stay above this support zone, we could start seeing a move towards $30.46, $32.71 and $34.96, If the resistance at $34.96 can be claimed back to support, we could start seeing a move towards $38.16, $40.84, $42.25, $54.04 and $73.11. Failure to hold the support at $25.88 could lead to a drop towards $23.17 and $20.26.
