Polkadot (DOT) - Bearish Short TermPolkadot (DOT) has also fell below the 20-day EMA & 50-day EMA on April, 2nd. Previous support level for DOT has been broken at: $8.67. A daily candle is going to close bellow this support level and both EMA's which is extremely bearish short term. Due to this, bears could push the price action down towards to around $8.20 area.
However, If Polkadot bulls can hold the price and rebound off $8.20 by the end of this week. Bulls will create a rally to retest $9.74 target shown from the chart. A break above this, bulls will have more momentum and attempt to push the price further to $11.88.
Key Levels:
-New Support= $8.02
-Previous Broken Support Level= $8.67
-Target= $9.74
*Resistance= $11.88
Polka
PolkaDOT fighting for life! This is my honest take on PolkaDOT. That bitcoin drop was harsh and sudden no doubt about it, but with every crash comes an opportunity. It's unclear what will happen in the next day or so, but here are some potential trade set-ups that can be made.
For a long position, I would like to see a close on the 4H chart above the .618 Fibonacci extension line. It has some slight resistance and would also show a reversal into a short-term bull trend. From there we could expect it to make it back to where it was consolidating before the crash.
For a short position, It's getting close to breaking through the previous support after that flash crash. From there I could assume that it will climb downwards to test the next support level. But... after that, if that breaks. It won't be pretty. All the gains from March and April would be erased and I would then predict a bear trend for Dot.
While the project has a lot of hype and overall I expect the bull trend to continue it all mainly depends on one large factor. BITCOIN. Only time will tell.
NOTE: This is not financial advice. Enter your own trades at your own risk with a plan!
DBC tweezer bottom weekly chartThe chart is still intact and i've spotted a weekly tweezer bottom which is very bullish in my eyes.
A 3x from here is still easily possible.
Like share, and buy this hidden GEM before you miss out.
Peace
As Polkadot broke all time high, $10 is next!As Polkadot broke all time high at $6.82 very significantly, the next stop where a major correction can be seen will be very likely at psychological resistance at $10 per Polkadot.
Technicals looks perfect as the price broke a new high.
See my fundamental analysis of DOT in the "related ideas".
Good luck with this Ethereum competitor,
Tibor
$POLS SAME PATTERN AGAIN AND AGAINHello traders,
I noticed this interesting pattern in $POLS, which is a great project, after every -20% next leg follows, currently I am expecting the same thing again.
Target is a great box, which is also about 50% up from here.
DOT.USDT (Y20.P5.E1).3 Reasons why its hardHi,
I would love to go long with DOT and UNI at this point, however each of them have their strong resistance.
It would be nice to see this break before BTC pulls back. The timing is important for we have a scenario where BTC hits its target and the Alts dump.
What's your thoughts on the ALTs?
Cheers,
S.SAri
Polkadot on his way backit's always very difficult to analyse new coins because more we can back in the past, more it's easy to find supports and resistances.
Dot is still performing a good come back as you can see by his multiple bounces on a forming uptrend Line. Like always the King is controling those coins by his dominance so you always have to check BTC before entering a trade and exit fast if a dip happens.
Simple Targets :
- TP1 4.80$ (38.2% retrace)
- TP2 5.50$ (61.8% retrace) - Strongest Resistance
Stop Loss : 3.90$
Happy Tr4Ding !
DOT is dropping to complete next bullish setup for upto 190%The priceline of Polkadot (DOT) is completing the final leg of bullish BAT pattern, the targets as per the Fibonacci sequence of BAT are:
Potential reversal or buying zone: 0.00022208 to 0.00017438 btc
Fibonacci projection or sell zone: 0.00033582 to 0.00050650 btc
Regards,
Atif Akbar (moon333)
DOTUSDT completed Gartley | Upto 99% move expectedThe priceline of Polkadot (DOT) with USDT pair has formed bullish Gartley on the 2 day chart, the targets as per Fibonacci sequence of Gartley are:
Potential reversal or buying zone: $3.85 to $3.03 (this is stop loss as well)
Fibonacci projection or sell zone: $4.49 to $6.04
Regards,
Atif Akbar (moon333)
DOTBTC on Bitfinex completed Gartley | Upto 65% move expectedThe priceline of Polkadot (DOT) with Bitcoin pair on Bitfinex has completed bullish Gartley on the 2-day chart, In my point of view this move is more likely to be firmed than the move on Binance chart with Bitcoin pair, that I posted earlier as below:
The targets as per the Fibonacci sequence of Gartley are:
Potential reversal or buying zone: 0.00037629 to 0.00031935 btc
Fibonacci projection or sell zone: 0.00042099 to 0.00052901 btc
Regards,
Atif Akbar (moon333)