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DOT recovery becomes an uphill battle while overhead pressure mo Polkadot hits a snag under $35, abandoning the upswing to highs past $40. DOT seeks support at the 50 SMA on the 4-hour chart while trying to avert declines under $30. Polkadot had staged an impressive recovery on Monday, extending the bullish leg from the recently formed support at $27. The token hit highs above $30 and pushed for gains beyond $35. However, bulls lost steam within a whisker of a confluence resistance created by the 100 Simple Moving Average (SMA) and the 200 SMA on the 4-hour chart. The mission to achieve a new record high beyond $40 seems to be a pipedream at the time of writing due to increased resistance beneath the confluence level. DOT seeks higher support at the 50 Simple Moving Average (SMA). If this immediate anchor fails to hold, we can expect DOT to tumble further and perhaps retest $30. The Moving Average Convergence Divergence (MACD) indicator had flipped massively bullish from last week. However, the indicator’s upward momentum has dramatically reduced. At the time of writing, the MACD line prints a horizontal trend, implying that the slightest resistance path is sideways. On the other hand, traders should be on the lookout for the MACD’s return into the positive region. Besides, if the MACD line (blue) crosses under the signal line, massive sell orders are likely triggered. Another dip below $30 may not stop at $27 but could extend the bearish leg beneath $20. On the upside, holding the support at the 50 SMA on the 4-hour chart will ensure market stability. Bulls will then have the time to focus on rebuilding the uptrend toward $40. Another bullish signal would be settling above the confluence resistance at $35. Polkadot intraday levels Spot rate: $33.6 Trend: Bearish Volatility: Low Support: 50 SMA on the 4-hour chart, $30 and $27 Resistance: $35 and $40
BITFINEX:DOTUSDShort
by CoinGape
Dot Going to the Moon 🔥🔥🌔As I said in the Bitex group on March 7, Dot had the potential to break the triangle and start a good uptrend and there was strong support for it and as expected the triangle broke up. Also, we have already given a buy signal at 29.5 to 32 at the peak of Bitcoin heavy correction, because we can and we do it 🔥 Now I expect that we will finally have a correction to $ 37 to $ 35 and after that Dot will start to move up to the $ 42 break, and at the same time BTC reach the level of $ 60 to $ 63,000. We will see what happens. February 24 analysis (BTC 45k): March 7 Analysis:
Long
by imanpajand
12
Polkadot (DOT) - March 26Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- We need to see if it can rise along the uptrend line (1). If it falls between 27.211-30.122, a Stop Loss is required to preserve profit and loss. The next volatility period is around March 30th. -------------------------------------- (DOTBTC 1D chart) We have to see if we can get support and climb at the 0.00058041 point. If it falls in the range of 0.00045493-0.00048733, Stop Loss is required to preserve profit and loss. The next volatility period is around March 31st. (1W chart) The important interval is the interval 0.00045493-0.00048733. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
Polkadot (DOTUSDT) LongDOTUSDT consolidating near entry. A strong close above $37.3 will start the pump. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
Long
by cryptotraderog
9
DOT.BTC (Y21.P2.E1).SoonHi Traders, DOT is nearly finished its accumulation phase and is holding this level for some time. RSI is on agreement at this level. Unless BTC drops hard, I can't see why DOT will not gain over BTC anytime soon, as its likely to range in the coming day or days looking for the bottom. All the best, S.SAri. 12 hrly chart however the Blue and Black ema lines are the Daily 10/20 ema. If it can hold above this level for a day or 2, then the chances increase. closer view, note the fib level as support along with confluence to the 10/20 daily ema DOT.USDT.
Long
by ssari
1
Polkadot (DOT) - March 21Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- You should watch for any movement that deviates from the 35.659-38.856 segment. If you fall from the 35.659 point, you can touch the 27.211-30.122 range, so you need a short Stop Loss. If it falls between 27.211-30.122, a Stop Loss is required to preserve profit and loss. It remains to be seen if volatility around March 30 can rise along the uptrend line. ---------------------------------- (DOTBTC 1D chart) 58453 Satoshi-68173 We have to watch for any movement that deviates from the Satoshi section. In particular, it remains to be seen if it can rise along the uptrend line. If you fall at 58041 Satoshi, you need a short stop loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator published by oh92. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
2
DOT Mentioned in previous Ideas, now is the time to cover it up Could potentially be a breaking point for DOTUSDT as the market recovering from recent pullback, In my opinion there's a lot of room to grow for Polkadot, Their innovating multi-chain technology is the very first step towards expansion Projects are being added to Polkadot Ecosystem (currently at 76) They have a unique working product in the DeFi space, Market cap is set to grow, I could see this one in the $50+ range in the short term, Very safe bet for the long term perspective as well which is more recommended, I will stay conservative for short term prediction but we could see Polkadot in the $100+ in the future! Let me know what you guys thing and don't hesitate to leave some constructive criticism if any, This is not financial advice, 9to5
Long
by NineToFive
DOT is drawing closer to a 31% upswing, eying $50 Polkadot is trading at the apex of a symmetrical triangle pattern ahead of the anticipated liftoff to 50. The resistance at $40 remains the biggest hindrance to the bullish outlook. Polkadot is among the few cryptoassets set to begin the week in the green. Bitcoin surprised many by making a real break above $60,000 over the weekend. DOT is most likely following in its footsteps to achieve another record high. Meanwhile, DOT is trading at the apex of a symmetrical triangle. This pattern highlights a period of consolidation in addition to a potential breakout or breakdown. The symmetrical triangle is formed by two trendlines whereby one connects a series of higher lows and a series of higher lows. A breakout will occur as soon as the price slices through the upper trendline. The move to the north is usually drastic and confirmed by a sudden increase in trading volume. Triangle breakouts have exact targets measure from the pattern’s highest to lowest points. Polkadot is very close to breaking above the upper trendline, where it will launch 31% higher to a new all-time high. The anticipated upswing will be reinforced if the MACD sustains the cross above the signal line. Moreover, the indicator should stay within the positive region to secure the bullish impulse. Note that the bullish outlook will fail to hold if Polkadot upside is continually limited under the upper trendline, and by association, the seller congestion at $40. On the downside, the 50 Simple Moving Average is in line to offer support. Massive losses eyeing levels under $25 will come into the picture in the symmetrical triangle breakdown.
KRAKEN:DOTUSDLong
by CoinGape
2
DOT - BIG MONTH AHEAD$DOT - Getting ready for next move up before the end of March I am expecting a large move upward either before the end of March or the start of April Be aware we could test the strong uptrend support extending back to the start of January one more time - this would result in a drop down to $35 before heading back up Target 1: $42usd Target 2: $50usd Target 3: Open Stop loss $34usd This coin is definitely one to buy and hold for the next few months ''Buy Big Sell BIGGER'' - MegaWhale
BINANCE:DOTUSD
by MegaWhale
3
POLKADOT (DOTUSDT/DOTBTC) Potential Long Entry 2021/03/11Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $35.5-36.5 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
Long
by cryptotraderog
10