Bullish Polkadot ($DOT)One of the coins $DOT I am interested in as well as many others but Medium term I feel this project can excel further as we head into digital transformation further regarding Web 3... (Please do your own research as this isn't financial advice).
Technical View - Out of channel down - Bullish set up -
Pattern - Coming out of descending wedge could head towards 50 - 200 EMA.
Trade Journal
(Not Investment Advice)
DOTUSD
DOT - the fall could continue, just wait for these scenarios.The support could not hold the price and the DOT broke the key level. This level is now resistance, in case of a retest, there could be a good selling opportunity.
Liquidity levels, which could hold the price down, are noted below. False breakout of liquidity levels could be a good buying opportunity. A breakout of the trend line could also be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Polkadot Inverse Head & ShouldersPotential price appreciation is about 42$ x2 measured from the head to the neckline, if price breaks above, we could see Polkadot changing hands around 95$ USD approx. Timeline being used is Daily, so this could happen sometime in Q1 or Q2 of 2022. This is purely TA, and we know that cryptocurrencies does not strictly obey TA, so this is just a possibility. Current price around 31, so a safe 3x play from here for more conservative players.
For the record, I am no longer using Binance due to jurisdictional conflicts, but most of my USD pairs are still on BUSD. I don't see the need to change them over for the time being. If you are buying polkadot strictly from a TA perspective, I encourage you to do some fundamental analysis as well, and at least understand the project and the ecosystem based around it. From my perspective, this is a long term hold with a moderate percentage of my portfolio.
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DOT Polkadot closed 3 of 5 tasks on the 4h chart...DOT Polkadot closed 3 of 5 tasks on the 4h chart...
1. breakout of the resistances on RSI and OBV (done)
2. flip the MA Ribbon bullish (green) (done)
3. breakout of the red trendline channel (done)
4. break the volume resistance
5. confirm breakout(s) and have fun 😎
But be a little careful... hidden bearish divergence with RSI has to be avoided.
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
PolkaDot Ready for $100 Club because Strong Buy Pattern#DOT/USDT Exclusion TA Update:-
$DOT finally hit again Strong support as I mentioned in my chart many time.
Strong support = $24
Now Chart..?
As per chart $DOT is bullish and I am also Accumulating here.
I am expecting 150% Profit form support level.
Every time Strong bounce back because of Bullish engulfing Pattern.
This time also Bullish engulfing Pattern at Strong Support level.
Entry:- $24-$28
Target:- $40/$60/$170
Stop Loss:- 23
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Dot analysisHere's a quick look a DOT 3HR chart. As we can see, the price has been showing a good support zone at 28.06$ . We see S/R flip from that support .
DOT need to break 29.39$zone and retest it .
Now its time to wait and hold it
Definitely one to keep an eye on .
The best entry at good Support level now.
Short Term Target-According to fib level
31.12$
32.97$
34.49$
35.52$
Dot can rise 10 to 12%After the false break under 24.30 support, Dot has recovered nicely and yesterday has broken also above very important 28 horizontal resistance.
Now the coin is in a small correction and I expect continuation to the next level of resistance at the 33 zone.
Buy dips can be a good strategy with a great R: R.
DOTUSD - 1W - the two potential waysHi guys,
here DOT USD with a weekly timeframe.
We could see here a potential huge ascending triangle.
Red zone as resistance and green zone as support.
This kind of pattern is usually bullish.
This will strongly depends on the global market (BTC mainly).
If BTC to continue his rally by 2022, this pattern could lead to huge price increase
be careful is price breaks green zone. First stops at 20 ..13
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Polkadot Now has LARGER 1-2 SetupPolkadot (DOTUSD) invalidated its nested 1-2,i-ii setup that was our primary PURPLE pattern by breaking below the 25.75 support. While that is unfortunate and makes the bearish RED alt pattern more likely, the new primary GREEN pattern now identifies our 55-top as larger subwave(i).
And that means our standard overhead targets for DOT have risen substantially . Subwave(iii) now targets 235-349 while Subwave(v) now targets 445-660. There are also strong Fibonacci confluences at 191, 381, and 583 at which we can see pullbacks. The larger 1.618 ext at 1161 still looms and could possibly serve as the major top for Polkadot if things go extra bullishly.
All this is great news as long as we stay over support at 19.69 , which marks the 61.8% retrace of our new green subwave (i). Dropping below that can substantially increase the likelihood of the bearish RED alt pattern manifesting. Officially, breaking below 10.34 will make the bearish red pattern my primary, but in all honesty, if the altcoins are going to see that kind of bearishness, BTC and ETH will flash strong warning signs well before we get that low!
As the rally continues, it will become more and more important to focus more on dollar-cost-averaging (DCA) to purchase DOT as opposed to buying in large lump sum amounts. The risk-level increases as the price rises, so your window is closing on deploying larger amounts of cash. Remember to diversify not only what you purchase but also the TIME of the purchases; that's where DCA can help!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#polkdadot #dot #polka #crypto
DOT/USDT ChartBefore I start to talk about DOT I would be grateful if you could follow, like and leave a comment about the idea, crypto market or any tip on how I can inprove. I'm starting way more often, so please check my recen ideas.
DOT has been a great investment in this bull run, and I think that we might see the coin reach 40$ again if BTC resumes the uptrend. The coin is in a good buy range at 26$, and if we break the 30$ resistance we will probably hit 40$. If BTC goes down a drop to 18$ is the most probable scenario.
DOT has very similar paterns in the two stages of the bull run so we can expect a sideways movement like we saw in May and June. For now the best we can do is wait for the BTC price movement before entering a postion on DOT. I remain confident that the coin will break the resistance and go up because BTC chart doesn't have any sign of a big crash yet. Comment what you think
DOTBTC + DOTUSDTWith BTC recovering, DOTUSDT is naturally following the market trend.
Interestingly enough, the potential bounce zone is on a very important point, right at the bottom of the bullish channel. on Both Pair!
Assuming that BTC will remain bullish/neutral in the near future, there's a decent probability that Holds this level and we will see more bullish price action in the coming month towards the top of the channel.
So patient my friends!
DOT/ETH is also oversold. I expect to bounce from here once ETH cools off bit! And big-cap should outperform ETH
old update still valid: