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DOTUSD

Is Polkadot Ready To Rebound To New Highs?Polkadot pDOTn/USD 46.868+0.253 (+0.54%) 06:26:10 - Real-time Data 46.864 12:00 14:00 16:00 46.000 47.000 46.500 Technical Summary 5 Min:Strong Buy Hourly:Strong Buy Daily:Neutral Monthly:Strong Buy What is your sentiment on pDOTn/USD? or is sitting at a make-or-break point that could resolve to the upside as buy signals surface. Key Takeaways Polkadot is down more than 16% since the $55.20 all-time high of Nov. 4. Now, prices have reached a critical support level that may serve as a rebound point. As long as DOT holds above $41.40, it could target $89.35. Polkadot could be gearing up for a sustained rebound toward new all-time highs, depending on DOT’s ability to hold above a crucial support barrier. Polkadot Holds at Crucial Support Polkadot looks ready for another rally despite the 25% correction it suffered shortly after hitting a record high at $55.20 on Nov. 4. As excitement surrounding last week’s parachain auction launch intensifies, the number eight cryptocurrency by market cap has reached a crucial support level represented by the lower boundary of a parallel channel, which developed on the 12-hour chart since early July. Every time DOT has dropped to this technical pattern’s lower trendline, it has rebounded, surging to the pattern’s middle or upper edge. From this point, it tends to get rejected, which is consistent with the characteristics of a parallel channel. Similar price action suggests that the channel’s lower trendline will continue to hold and serve as a rebound point for Polkadot. Therefore, a spike in buying pressure around the current price levels could push DOT toward the channel’s middle or upper trendline. These resistance points sit at $60.60 and $89.35 respectively.
by akeejayawardana
1
PolkaDot DOTUSD - HUGE Parallel Channel on the Daily chart- Polkadot - DOT - Rank #8 -Coin - Polkadot is strong on the daily timeframe , as we can see. - The price broke out of the bullish falling wedge and now is unstoppable! - On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance . - Target top of the chanel or 1:1 fib extension on the daily chart . - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, the correction is totally over and we can expect a higher prices! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:DOTUSDLong
by UnknownUnicorn2537518
6
DOT two waysPolkadot is formign a bearish structure on the 4h chart, with what could even be a double top. LONG: If we hold the green zone I'll be looking to enter when we have a bullish structure (higher high and low) with a safe target around $60 SHORT: If we break .382 FIB, the support zone and the 200EMA, I'll look for a retest of the .382 level for a sharp move down. Not too big of a target as the overall market sentiment remains bullish and the trend is your friend. What do you believe is about to happen?
by Coinathlon
1
DOT/USDT : Targeting $87, Holding the zone of interest ! BINANCE:DOTUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #DOT has found a support on broken ATH's zone. ( Daily supply zone ) Now based on FIB retracement's levels; If current support zone holds the bullish bias, Then we'll might retest the higher FIB's level at $87.57 which is named as FIB's 1.618 level. 📊 Also EMA50 has reached the movement and it can act as a support here. 📈 Swing traders can enter at current market price ( ±3% ) with a invalidation as a three candles close below the entry zone ! 📚 Full strategy on chart's movement : - Bulls will hold the upper hand till we moving above the $41.70's. ( Master candle's low ) Any engulf below the mentioned level will turn the bias into Neutral-bullish and an engulf below the lower master candle's low ( $33.57 ) will cause an invalidation into bullish movement in major bias ! Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
33
DOT/USD - Sharp rejection and a bearish cross. 😪DOT disappointed this week with a 15% drop in the past seven days. Moreover, it did not manage to hold above the support level at $48, falling behind it and turning it into resistance. These are bearish signals, with MACD crossing on the negative side on the daily timeframe. When this happens, it is time to expect a correction and DOT is not different in this respect, particularly after a strong rally in October and early November that lead to a new all-time high at $55. The next support level is found at $43 which should be well defended by bulls. Looking ahead, expect to see DOT approach the low $40s before the bulls may return to defend further losses in price. Like and follow if you liked my idea!
by DU09
1
DOTUSD on the 1D MA50 targeting +$100Polkadot has been one of the hottest high cap cryptos since September's correction. The application of the Fibonacci Channel shows even more effectively how well it has been repeating the early 2021 rally. As seen on this 1D chart, DOT rallied with the support of the 1D MA50 (blue trend-line) in Q1 2021. On the current sequence, the 1D MA50 has been supporting since August 01. It is therefore possible that as long as it holds, DOT will go after the 5.0 Fibonacci extension (horizontal) which is around $150. It is the firms thesis that this crypto will reach at least $100 during this run. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:DOTUSDLong
by TradingShot
4