DOTETH - 3 Target Levels after Sustained DeclineOver the lat year or more we've seen a continued and sustained decline with Polkadot; have we finally bottomed out and can now expect to see some growth once again?
The price is currently sat right at the top of the aforementioned descending channel, a great place to put in a Short order? Possibly, or this could be a great place to start the next Bullish market from?
We've got a strong Buy signal from CTv2 and 3 potential levels of TP above, 10%, 25% and nearly 50% increases on the current price; what do you guys think?
DOTETH
DOTETH - Small Consolidation Followed by 15% GainsWe've got a breakout of channel with Polkadot here, not only a channel break, but the price is currently just above a recent SR level and we've got a Buy signal from Crypto Tipster v2 - all of these Bullish signals indicate a rise could be on the table!
We'd be expecting a temporary consolidation of price before experiencing a 15% rise to what has been a nice settlement area for the price historically. That's our target.
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DOT triangle breakoutPokadot seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 10.25 and even higher. Just bought...
ENTRY : local high @ 8.10
STOPLOSS (SL) : local low @ 7.80
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY - SL) @ 10.25
REWARD RISK RATIO (RRR) : 7.1
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
$DOT 3D Support Break + Adam and Eve Variation$DOT / Polkadot has broken a huge 3D support around 10.57, shown with the recent 3D candle's retest and failure, thus far. Big sell volume as well on the drop indicating it is likely a true move and not a fake.
I have not traded an Adam and Eve before, and this looks to be a variation of such, I think, don't quote me.
Levels are as follows, invalidated above 10.6 close.
$DOT 4HR Downtrend$DOT seeing a harsh downtrend on the 4HR, seeing recent buyers at the 14.5 level. IMO if we lose that, we see 14 even, lose that we see low 13. RSI and price seeing resistance simultaneously.
On the flip, if buyers can hold 14.5, this could be a decent breakout point. RSI resistance break could give an early signal.
Note, I personally see the recent RSI break under the 14MA as bearish > bullish momentum.
$DOT 1D Trendline Break$DOT broke a main support on the 4HR, while breaking a main support trendline on the 1D, and looks to have performed a retest and rejection, so far.
Still holding RSI support trendline on the 1D, something to note.
Any short here would likely be invalidated with a return to 17.3+
POLKADOT on PRZ SupportAccording to the chart, in the important support range, it is on the dynamic trend line and static price support. If we maintain this range, we will have a chance to increase the price to $ 19 and $ 20, otherwise the loss will be stronger with the loss of this range.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Accumulating PolkaDOT I think it’s a good hold to add a for long term
My macro outlook is 2025 I see it rising 360+ not financial advice just my own thoughts and observation on a macro scale coupled with fundamentals
Also it looks like a Huge bullish pendant on the weekly that’s going to spring upwards to the heavens
Gavin wood is an extraordinary person with his work at eth and web3 as well as philanthropy efforts. I know this is the future tech.
All the best and 1love and peace
Polkadot or Etherium?Straight to the point. In my opinion DOT will be a better performer than ETH this year.
As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices.
The 1.618 fib level is not out of the question in my opinion. This would put it's USD price at $183 if ETH is at a $5k price tag.
POLKADOT Massively Undervalued vs ETHAfter the big surge in DOT since early 2021, DOT moved all the way down to test the absolute bottom vs ETH since its launch.
Expecting this lower range to be the bottom and a trend reversal in the coming weeks.
There's bullish divergence in the RSI and MACD.
Parachain auctions will be launching for DOT in the coming weeks, this will also highly increase the demand for the coin.
This is not financial advise, it's just to keep track of my own trading.
BNBUSDT stealing the show!Technical Analysis is not always 100% BUT
As DeFi stealing the show, I could see BNB in the $400+ range
The Binance chain has a working product as we speak with low transaction fees.
Keep in mind that ETH has an update that could shake things up,
The EIP1559 (Ethereum Improvement Proposal) would fix the transaction fees known as GAS fees on the network which would be a game changer for ETH and the ERC20 tokens.
Meanwhile,
We could see BNB, ADA & DOT steal the show and gain a lot of dominance in the upcoming weeks!
This is not financial advice,
Let me know what you guys think.
DOT poised for breakoutDOT just broke out of a massive triangle formation yesterday - following the ETH-rally during the last two days.
However, one can see that DOT has massively underperformed ETH since hitting its ATH > 19$ a couple of weeks ago.
Actually, DOT/ETH is actually down during the ast month.
We also know that ETH got rejected at the top of its massive ascending channel last night, currently sitting just below it.
As DOT has usually rallied when BTC and especially ETH has consolidated in the past (during its brief history as a currency), it seems very likely that DOT breaks out in a rally very soon.
DOT/USD AnalysingDOT or Polkadot is on fire in last few days and rising insanely.
I expect a correlation soon as it happened before anf has fallen %18 from $4,55 to $3,73
Now DOT price is $6,25 and i expect the same fall %20 from $6.25 to $5
and If that falling continues and DOT goes into falling trend, it might fall to till $2.85
Good luck.