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#Polkadot Remains Bulls despite DOT Slipping from H2 2022 HighsPast Performance of Polkadot Like the rest of the crypto market, Polkadot is relatively suppressed when writing. There are hints of weakness, and the coin is down six percent on the last trading day versus the resurgent USDT. Still, buyers appear to be in charge in short to medium term. Notably, the August 8 bar is bearish, reversing gains of August 8, a net bearish. #Polkadot Technical Analysis Traders are upbeat, and DOT is up 50 percent from 2022 lows as prices bottom up. The immediate resistance is at $9.5, a price zone that also flashes with May 2022 lows. If buyers reverse August 8 lows and remain above $7.8 and the middle BB, every low may provide a loading opportunity as DOT flies to H2 2022 highs. This may provide an impetus for aggressive traders to buy on dips, targeting $10 and $12 in the medium term. However, if bulls struggle and prices drop below August 8 lows and 7.8, the odds of DOT slipping to $6.3 in confirmation of the August 1 bear bar will be elevated. What to Expect from #DOT? Polkadot is bullish and within a bullish formation as per the arrangement in the daily chart. Still, there must be confirmations, shaking off bears of August 8. Technically, DOT is bullish above $7.8 and may float to new H2 2022 highs if prices recover from spot rates. Resistance level to watch out for: $9.5 Support level to watch out for: $7.8 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Polkadot: still moving up?The market is in the uptrend on the Daily timeframe. Another high of $9.27 was updated on August 8. And today the correction has started. A pullback buying opportunity will appear after the correction is finished and a bullish candle is formed on the Daily timeframe. According to the price chart it may happen in a couple of days . If the upward movement continues, then the price can move towards the main target #2 . It is the resistance level formed on May 29 – June 1. This target is around $10.44 – $10.78. The longs will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of August 1 – 4.
Long
by JIexa1701
Polkadot Testing Resistance A nice short term play if you made it! I shared in a previous post my idea that since we broke out of the previous level around 7-.750 that just over $9 would be tested and it has now happened however we could still play around this area and break down potentially so it shouldn't be a trigger to go long, this play is essentially over and now I'd be wanting to see how we react in this area. If we continue to chop and hold around here then I'd look for longs, but for now need to see more PA develop because it's still unstable imo. If we do hold this area, I'd see upper resistance at 10-11 being tested at the least. A good play as well from the bulldiv that I pointed out earlier. Follow for more ideas! Cheers
by cryptovatsik
Polkadot (DOT) - August 7hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1M Chart) The key is whether it can be supported by rising to the 11.72-14.93 section. (1W chart) In order to rise to the 11.72-14.93 range, the key is whether the price can be maintained above the 7.16-7.74 range. (1D chart) Primary resistance: 9.75 Secondary resistance: 11.03-11.72 Support: 6.89-7.74 A drop near 9.75 is likely to create a pull back pattern. At this time, you need to check if it is supported in the 6.89-7.74 section. The 11.72-14.93 interval is the interval that determines the trend. Therefore, if it rises to 11.72-14.93 without being supported and falls, it is necessary to stop loss to secure cash. Therefore, when it falls below 11.03 and receives resistance, it must be Stop Loss. If you look at the overall chart, you can see that the current price position is at a fairly low price point. It is good to get short-term profits by investing in coins or tokens in this price range, but I think it is better to increase the number of coins (tokens) from a mid- to long-term point of view. To do this, it is necessary to check which ecosystem the coin (token) you want to invest in belongs to and is expanding. This is because I do not think it is good to invest only with the roadmap or future-oriented plan (?) pursued by the coin (token) in a situation that is being combined with the actual business aspect. The time has come to examine whether the coin ecosystem of the coin (token) you want to invest in is expanding and whether it is useful in actual business. This is because the era in which themes such as DeFi, NFT, and P2E are created, interest is received using deposit services, and value can be traded through games has begun. Investing in active coins (tokens) rather than investing in inactive coins (tokens) will give you the strength to survive in the uncertain coin market. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
On the Track Hi everyone, Yesterday we talked about how Bitcoin might be entering a new range between the support and resistance displayed, as it bounced from the 0.5 Fib level. A very important notice that on DOTUSDT, we have formed a head and shoulders and we are right now retesting the support level, which is really bullish as it is a reversal pattern on a higher time frame (Daily). Also on DOTUSDT we have formed a bullish reversal candlestick pattern, although I am not a big fan of candlestick patterns because it is usually too late to enter when you see them, but they might be helpful when looking for confirmation. For Bitcoin, we are still on the same plan as yesterday, as we did not quit the wedge we are in and as it bounced from the support we talked about on our latest post (link down below). In conclusion, we are forming good structure inside the wedge and volume is increasing everyday, which means that there are strong participants entering the market since the last month. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
Polkadot - Short Swing Trading Idea - 3 August 2022KRAKEN:DOTUSD in next three days I expecting the price to take off at least 10% to levels over $8.80. In higher time frames and in 1-2 months period we really can expect a big move to over $11.00 from current levels. What is the supported thesis technically for the expected scenario on DOT? - By Elliot waves we are in A-B-C correction and at this moment it's C - Almost 60% correction and forming of good price action indications - Test on downside of the channel and once the price enter again in channel will rocket If you have any questions related to this trading idea I will be happy to provide you with answers.
KRAKEN:DOTUSDLong
by TradingTie
1
DOTUSD Potential for Bearish Continuation | 2nd August 2022On the H4, with price breaking the ascending channel , we have a bearish bias that price might drop from our buy entry at 7.53, which is in line with 100% projection and 61.8% fibonacci retracement to the take profit at 6.57, which is in line with overlap support and 161.8% fibonacci projection . Alternatively, price may rise to our stop loss at 9.03, which is in line with the swing high. Take note the 8.02 could be our intermediate resistance, which is in line with the 78.6% fibonacci rertracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BINANCE:DOTUSDShort
by FXCM
DOTUSD Potential for Bullish Continuation | 1st August 2022On the H4, with price moving along the ascending channel, we have a bullish bias that price might rise from our buy entry at 8.99, which is in line with pullback resistance to the take profit at 9.91, which is in line with overlap resistance and 161.8% fibonacci projection. Alternatively, price may drop to our stop loss at 8.18, which is in line with the 38.2% fibonacci retracement and 78.6% fibonacci projection . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BINANCE:DOTUSDLong
by Rockqet
1