Expect to hit resistance at 19.50 to 20.00 and head back to support at 18.00 range
Personally I am very BULLISH on Polkadot. However, I try to scalp DOTS by selling local highs and buying local lows. Most of my posts are shorts, but not because I am Bearish. I use the negative sentiment and the uncertainty to gain crypto. We are just coming out of a Bearish cycle and we are most likely trading sideways for a bit. I will be selling local tops...
Price is back in above lower upward trend line heading towards upper trend line that has held for couple weeks. Not a big trade but markets are not real clear as to direction right now. Lot of uncertainty. Stack your DOTS
As long as we remain in downward channel, price is heading to LONG term uptrend line of around $16.00. If price breaks then DOT is in trouble. I am all in with tight stops below 16. Good luck. Educational info only.
DOT took a dive along with most risk on assets. Possible further drops while FED increases rates. Good Idea to keep cash reserves to pick up at bottom of sideways channel at around $16. NFA and DYOR
Retrace of pump (61%), gap filled at 162, and return to the lower of the upper trend line. ENTERTAINMENT ONLY. Potential gain 6.2%
Looking at past price patterns couple with return to bearish channel, it appears Dot will be heading the low 15ish range soon. NOT FINANCIAL ADVICE ENTERTAINMENT ONLY
DOT is currently reaching the very top of a 3 month down trend. RSI and CCI are in the or approaching the overbought territory. However, if it breaks out we should head to the 22.50 area. If not we should bounce of the $18.50 range and either make one more attempt to break out of the down trend or its bye bye birdie towards $15 range. Good luck. Not financial advice.
If DOT follows past performance. Most likely will not, but it is something to follow in case it does decide to have some synchronicity. I think this last BTC pump was a liquidity grab and way for exchanges to cash in on one more LONG liquidation. Following I believe we will go down to the $15-$16 range a small bounce back to $19 -$20 range and then a drop the...
Not Financial Advice. Do Your Own Research. Get ready DOT just crossed CCI on the weekly time frame, Stoch RSI is upward trajectory, and plenty of room to go! Looking for TP at 100 in next few months. Possibly topping out in Nov - Dec. Will be evaluating closer as we get there, but trajectory is looking great for another parabolic run that we saw in Jan - March...
NOT FINANCIAL ADVICE. IF $53 BREAKS WE ARE IN PRICE DISCOVERY AND PROBABLY HEADING TO $90 TO $100 BY MID TO END JUNE. IF WE REJECT SIGNIFICANTLY OFF $53 THEN WE COULD BE HEADING BACK TO LOW $40S
NOT FINANCIAL ADVICE! DO YOUR OWN RESEARCH! ETH COULD REACH UPWARDS OF $8,120 THIS BULL CYCLE IF IT REACHES .15 BTC/ETH
This is my anaylsis of Polkadot (DOT) movement over the next 45 days. We have a megaphone pattern emerging which is a sign of increased volatility. With market overall direction and upcoming parachain auctions, I am leaning more towards a break towards the upper rather than the lower. However, the ADA smart contract launch and the Binance Chain token may steal a...
Have your entry and stop losses ready to go. We are ready for a move!
If DOT trend continues and the lower trend line is not broken then we should reach approx $40 by EOM. Not financial advice. Entertainment purposes only. Do your own research.
Rising Wedge Squeezing towards ATH around $1856. If this formation breaks down, then look for a re-entry around $1418. If we break upwards expect to go towards the upper channel then expect to rise up to the 2200 to 2300 area and take profit and wait for a re-entry no lower than $1418 Not financial advice. Entertainment purposes only. Do Your Own Research.
Not quite confirmed....im a newbie...feedback much appreciated