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DOTBTC

DOTBTC 2023 outlook Polkadot price actionTime to look at my favourite altcoin and it's pretty dismal perfomance over the last year agaisnt BTC I've outlined my basic outlook on the weekly chart using candle stick closes and Log fibs. Coincidentally its touched the .886 retrace to the T. Typical sign of weak altcoins to retrace all the way back to the .886 level. I'm pretty confident the bottom for DOT/BTC is in based on this and the fact that its nearly an 80% correction from ATH vs BTC My mid term outlook is bullish (for a change) Looking at best case scenario retrace up to .618 from ATH placing it at the .0004830 sat region I've marked out 3 different TP below and above this level respectively as I've become accustomed to DOT usually underperforming against market competitors. So my TP is more conservative vs others. With the exception of TP3 being higher as I see this as an ATH for this market cycle Some thoughts on DOT Personally this is my favourite altcoin of them all. Admittedly one should not have emotion when it comes to trading as we're all here to make money and not love My bias is fundamentally based and I will probably always keep staking my DOT from my ledger for years to come Point 1 - Its not a security, this gives institutional interest and clarity on adding it to their basket or portfolio Point 2 - Highest DEV activity compared to other L1 : Link : www.thecoinrepublic.com Point 3 - Interoperability (future proof) Point 4 - Staking offline (my personal favourite) Point 5 - Gavin Wood (some food for thought for the ETH maxi's) There are more use cases to be made however one can only consider an argument valid if you can argue from both ends, So my concern for this project is as follows: Point 1 - Concensus mechanism too slow. One of my dear friends informed me they wanted to launch TAO on their parachain but it was too slow for their timeline, in turn they self funded the crowdloan Point 2 - Inflation. As great as APR is with Staking this shows inflation in the ecosystem and given that DOT has no FINITE market cap it can dampen price action in future I'll be adding my DOT/USDT analysis to this post and updating it over time. As this is afterall my favourite ))
Long
by Andy1GP
1
6.640, an important point for the long termHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTBTC 1W chart) The question is whether it can move above 0.0002 728 and break out of the downtrend channel. If not, it is expected to lose the power to rise even more. ---------------------------------------------- (DOTUSDT chart) (1W chart) You need to rise above 7.530 to get out of the bottom section. If the price holds above 10.131, we expect a full-fledged uptrend. To do so, the key is whether the price can be maintained above 5.192. (1D chart) We need to see if we can get support around 5.956 and move up along the uptrend line. If that fails, you should check for support around 5.674. At 6.640, the HA-Low indicator on the 1M chart was created. Therefore, if it rises to around 6.640 and is confirmed to be supported, I think it is possible to buy from a long-term perspective. However, it is expected that we will need to stock up on strength to break through the 7.530-10.131 section upward, so we need to calm down and proceed with the purchase slowly. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
Significance of the 9.262-10.131 sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTBTC 1W chart) The question is whether it can break out of the downtrend channel and rise above 0.0003 911. Therefore, it must rise above 0.0003 911 to gain or dissipate the rising force. --------------------------------------- ------------------------------------------ (DOTUSDT 1W Chart) The question is whether it can break out of the downtrend channel and rise above 7.530. If not, you should check for support around 5.192. (1D chart) The downtrend line passing through the top is not yet accurate. Therefore, the downtrend line is valid only when the candlestick closes with a lower candlestick this week. In any case, it is important to see if the price can sustain itself by moving higher above the 6.208-6.440 zone. If not, it is expected to fall below 5.674. Depending on the movement of BTC, it is expected to touch the circle section marked on the chart. From a mid- to long-term perspective, the important section is the 9.262-10.131 section. If the price holds above this zone, it is expected that the mid- to long-term uptrend will begin. DOT is one of the coins expanding the coin ecosystem. Therefore, it is one of the coins that can be invested in from a mid- to long-term perspective. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
Price growth could continue to the $9.680 rangeGiven that the potential for an intraday trend reversal has emerged for DOT, if buyers can keep the price above $6.523, price growth could continue into the $9.680 range in the medium term. If the resistance of the ceiling of the descending channel is completely broken, it will be possible to reach the target of $9.680. Of course, pullbacks should not be ignored, and a return to the lows in the $5.102 - $5.374 range is possible. The last point is that if the previous ceiling at $6.523 is broken before the pullback, we can consider the $6.523 support as a safe zone for a pullback.
by MonoCoinSignal
💥☃️🌲Polkadot Analyze (Road Map)!!!🗺️💥☃️🌲(+200%😱)❗️❓Today, I showed you the Polkadot road map🗺️. Polkadot is running near the heavy support zone. I expect Polkadot will go down a little more and then start to rise to a heavy resistance zone( about +200%)😱. 🔆Suggestion: If you want to add DOT to your portfolio, you can wait to break the downtrend line and SMA 100(Daily TF). Polkadot Analyze ( DOTUSDT ) Timeframe Weekly⏰ (Log Scale). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
DOT/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this DOT/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Polkadot (DOT), was another big gainer in today’s session, with prices moving closer to a four-week high. Following a low of $4.84, DOT/USD managed to reach an intraday high of $5.16 earlier on Thursday. As a result of this move, DOT broke out of a key resistance level of $5.15, hitting its strongest point since December 16 in the process. As can be seen from the chart, the 14-day RSI has failed to move beyond its long-term ceiling of 68.00 and has since slipped lower. Price strength is now tracking at 63.10, with DOT declining from its earlier peak, and the asset is trading at $5.09. In order for the token to continue to move higher, there will first need to be a rally above its 68.00 points on the RSI. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BINANCE:DOTUSD
by CryptoSanders9563
1
Support of buyersDOT posted a nice price increase last week. With the support of buyers, the price broke out of the narrow descending channel and continued to move up with a small pullback due to increased buying volume. Also, the resistance range that was considered at $4.51-$4.55 has become support with a strong bullish candle in the 4-hour timeframe, and a positive reaction has been seen twice in the pullback to this area. The point is that the ceiling formed in the $4.7 range can be considered a higher ceiling than the last ceiling in the downtrend. So, considering the higher price floors that have been formed, we expect Polkadot to see a strong positive reaction by hitting the support of the $4.50 range. If this happens, we can consider short-term price targets in the range of $4.979 and $5.408.
by MonoCoinSignal
3
It is approaching its initial listing priceHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTBTC 1W chart) ---------------------------------------- (DOTUSDT 1W Chart) (1D chart) This time HA-Low is falling and is looking to spawn at 4.514. Therefore, it is important to be able to rise with support in the 4.514-4.605 section this time. As you can see from the DOTBTC chart and the DOTUSDT 1W chart, there is no upward force and it is approaching the initial listing price. I think there is little you can do in this situation. Therefore, I think it is better to wait for the trend to turn into a short-term uptrend. To turn into a short-term uptrend, it means when MS-Signal, which was holding the price higher than MS-Signal, turned into an uptrend. To do so, it must show that the price is maintained at least in the 4.514-4.605 range or higher. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
5