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DOTUSD

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
DOTUSDT | Wave Projection | Possible 4.4 Wave Fakeout Price action and chart pattern trading > Wave pattern - downtrend ending diagonal 5 wave. > The price continued to make lower high and lower low reached 0.786 extension of 4.1 wave and T1 head & shoulders target with a hammer candlestick. > Candlestick pattern squeezed at this key level a possible upcoming false breakout of 4.4 wave before making its final 5-wave > Target breakout 4.4 wave at SMMA25 - 0.382 zone > The final downtrend 5-wave is targeting at 4.0 - 4.5$
Short
by dukeposh
1
Keep your eyes wide open on PolkaLong time since I posted anything but IDK i felt like i wanna do it again after couple years i guess. I became more Economically oriented since that's my field of study and that's what i am obsessed with the most. Generally speaking i don't trust any kinda of analysis anymore as i was before but i trust the psychology of market which the analysis of the charts create, non of the crypto will go up till the some certain stuff that goes in world settle down a bit but if i am gonna say one thing it's gonna be " Any one buys crypto right now he publicly announce that he is shorting - betting on - the entire world's bank system ". Till the next time, maybe after another couple years " Who knows ".
Long
by MGendyy
Polkadot - DOT breakout patterns🔵🟢🔴👀We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀 That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨 Have a great day dear Crypto Nation😎 Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:DOTUSDLong
by Crypto4Everybody
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
DOT/USD - SHORTDate: 26/03/2023 Technical Analysis: The market respected a supply/demand zone initially. Price broke the demand zone, which is now acting as supply, and came back to test and closed with a bearish doji. In the Fibonacci retracement of the last down wave, there is a correction at the 0.5% level and a close with a doji candle. In the 1-hour timeframe, there is an engulfing pattern at the 0.5% Fibonacci level, indicating a final correction of the Correction. The market is currently in a clear downtrend. Trade Plan: Take Profit Target 1: The last lower low. Take Profit Target 2: The daily supply/demand zone. Stop Loss: Placed above the last lower made. Risk per trade: 1% of capital. However, it is recommended to wait for a correction to enter with 0.5% risk. Please note that this is a professional and clear trade plan for informational purposes only. It is important to conduct your own research and analysis before making any trading decisions. Additionally, please always remember to manage your risk carefully and never risk more than you can afford to lose.
KRAKEN:DOTUSDShort
by Mahdicryptodotma-pro
Polkadot (DOT) Blockchain Infrastructure and Smart ContractsPolkadot (DOT) Blockchain Infrastructure and Smart Contracts: Web3 Foundation and Parity Technologies ➡️ Web3 Foundation web3.foundation , based in Switzerland, is an organization dedicated to promoting Web3 technologies, with Polkadot as its flagship product. Its founder, Gavin Wood, was one of the co-founders of Ethereum and played an important role in developing the leading altcoin, including the widely known Solidity programming language. ➖ In the last four years, Web3 Foundation has granted a total of 480 grants to various projects ( medium.com ). The numbers include 60 grants in 2019, 147 in 2020, 123 in 2021, and 150 in 2022. ➖ Parity Technologies ( www.parity.io ), founded by Gavin Wood, is the company behind Polkadot blockchain. Wood served as CEO of Parity for many years and currently serves as the company's Chief Architect. ➖ Since the launch of parachains in late 2021, Polkadot has become a large and diverse ecosystem with 74 parachains currently active on the network ( polkadot.network ). In total, there are about 550 projects running or in development on Polkadot's technological stack. ➖ Over 200 teams have launched or are creating their own blockchains on the Polkadot network, recognizing that this model better suits their needs. 🎉 Exciting news arrived in November 2022 when Web3 Foundation announced after three years of collaboration with SEC that Polkadot's native token, DOT, has transformed and is no longer considered a security. Web3 Foundation's Polkadot Reaches New Milestones in 2022: Record Development and Tokenomics Explained 💥🚀 In 2022, the Web3 Foundation grant program reached two important milestones: receiving its 1000th grant application and supporting its 400th project. It's no surprise that Polkadot's development reached record levels in 2022. DOT is the native token of the Polkadot network. ➖ Polkadot has no maximum coin limit (inflationary model), and rewards are distributed through the protocol's staking mechanism. ➖ Currently, there are 1.16 billion DOT tokens in circulation. It is expected that the supply of DOT tokens will reach 1.5 billion by January 2025 ➖ Check out the detailed tokenomics ( www.coingecko.com ) and Polkadot's roadmap ( polkadot.network ). Priorities include scalability, inter-parachain communication, Relay Chain management, staking, and bridges to other ecosystems. 💥 In 2022, the project truly showed good development dynamics. However, it's important to keep in mind that Polkadot is still a very young ecosystem (the average parachain has been on the network for only about 6 months). This year, the project team will need to put in a lot of effort to keep up with the race of leading blockchains.🚀
Long
by UnknownUnicorn285026