Get started

DOTBTC

POLKADOT - ROAD TO $200Good morning traders. DOT/USDT the pair for today, lets begin. In light of the recent Bitcoin dump, a lot of alts have found themselves at strong support, some below it and stables depegging from the dollar. Question is, are we at the bottom now? While i may not be able to clarify if we are at the bottom or not, it doesn't feel like it, I can however say this is a very good buying opportunity for many alts. From the chart above we have the DOT price back at July 2021 levels, very strong support area. It could however make it's way down to our worst case scenario region which is also in line with the 1.236 fib support level dependng on Bitcoin's price action. So far we have a Regular flat formed on the chart which in theory has it's C wave to be 61.8%-123.6% of wave AB. Whether or not this is the bottom it is still a very good buying opportunity (but don't take my word for it). If the Elliott wave theory is correct (and has been so far), targets for our wave 3 range from $175-$240 dollars(red zone) depending on where the bottom will be. In the blue zone we have our Take profit region just to ensure we take some of the table in the case of exhaustion. I expect this to fulfil over a lengthy timeframe given the state of the market but, you never know. If you agree with this Idea pls like, share and comment your thoughts below. As always feedback is appreciated!
Long
by RektMyMom
6
SCENARIO 2 FOR A POLKADOT BOTTOMPls visit our last Polkadot analysis for better context. As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction. Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat correction for wave 2, comprising of a large ABC correction with the C wave being a 5 way impulse move marking a 100% retracement of our Wave AB and aligns perfectly with the downward trend channel price seems to have created. Make sure to apply proper risk management. Goodluck
by RektMyMom
Polkadot (DOT) - April 19hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSDT 1W Chart) Resistance: around 19.37 1st support: around 13.64 2nd support: around 9.26 If it rises above 19.37, it is expected to create a new wave. (1D chart) (buy) - After confirming the support in the section 17.69-19.37 - If possible, it's good to see support in 19.37. (Stop Loss) - When it falls below 16.16 (Sell) - When receiving resistance near 25.07 - When resistance is received in the section 33.80-36.76 Several indicators are set in the section 17.69-19.37. As such, I think it is a section that will play the role of support and resistance well. Therefore, it is important to find support or resistance in the 17.69-19.37 section. If it rises above 36.76, we expect a full-fledged uptrend to continue. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Polkadot looking interestingPolkadot (DOT) has been quiet for a while vs BTC--but that's often when the best opportunities present themselves. Negative momentum appears to be slowing and I'm seeing Bullish Divergence on the Daily chart. Having said that, I'm still expecting a retest of the Trend Support and that's where I would look to start averaging into a long position. If Support breaks, I'll be looking at 3500 sats for another buy opportunity. Happy Trading. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
by mercury_rising
Polkadot (DOT) - March 30Hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- ** The BTC market chart for altcoins will not be published for the time being as the BTC price appears to be turning upward. (DOTUSDT 1W Chart) To convert to an uptrend, it must rise to section 1 (24.82-27.57). Therefore, it may temporarily touch near 19.33 and may move higher, so you need to trade cautiously. (1D chart) Attempting to break through the M-Signal line of the 1W chart. Therefore, it is likely to rock up and down, so you need to trade cautiously. Section 1 (24.82-27.57) is an important section that determines the trend. Since a high point is formed within section 1, resistance is expected to be strong. (buy) - After confirming that it was supported at 19.33 or higher by falling due to a sudden movement - After confirming that it is supported at 25.07 or higher (Stop Loss) There are many indicators passing through section 2 (at least 17.69-19.33), so it is likely to find strong support. So, you should check the movement when you fall within this range. (Sell) - When falling after receiving resistance near the 35.81-36.76 section - When falling after receiving resistance in the 44.05-48.80 section ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto