Polkadot (DOT) Set for Potential Rebound? Key Price Action Signa👀👉 Despite recent downward pressure, Polkadot (DOT) is showing a bullish break of market structure on the 30-minute timeframe. I’m closely monitoring for a possible buying opportunity, guided by the key criteria discussed in the video. In this analysis, we’ll highlight the critical price action signals to follow and how to strategically position yourself for the next potential move. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
Polkadot
Ditch These ALTCOINS that are UNDER PERFORMING💀Some altcoins have stayed behind during the most recent BTC surge. These include :
👎 DOT
👎 XRP
👎 ADA
👎 UNI
👎 HBAR
👎 CRV
👎 ALGO
Overlay any of these with the BTC chart, and you get something similar to this.
Now compare it to the PREVIOUS BTC all time high.
I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins that can be tradable and profitable in fairly short periods of time. Holding on to an alt that doesn't move for months (only to increase 15%) is a bad strategy.
It would have been more profitable to take the loss and trade another coin with 50%+ increase, such as ETH, SOL, DOGE, NEAR etc. to name a few examples.
Ditch them and focus instead on coins with more volatility - You can't be holding through an entire new BTC high and the alt has barely broken out of accumulation - this simply won't do, because there are many other trading opportunities where you can make bigger gains and better profits just because they actually move.
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BINANCE:BTCUSDT BINANCE:XRPUSDT BINANCE:ADAUSDT BINANCE:DOTUSDT BINANCE:CRVUSDT
DOT POLKADOT Technical Analysis and Trade IdeaDOT Polkadot 's recent bullish run has given way to a retracement, offering potential short entry opportunities. Price is approaching a key higher-timeframe support level however, so proceed cautiously and prioritize risk management. Further downside is possible. This analysis is for educational purposes only, not financial advice.
DOT Polkadot Technical Analysis And Trade IdeaWelcome to our DOT/USDT Technical Analysis and Trade Idea. In this video, we will delve into the charts, focusing on the prevailing bearish sentiment found in the weekly (1W) and daily (1D) timeframes. Notably, our charts signal that Polkadot is currently on the verge of a resistance level, a pivotal turning point for this crypto asset. Throughout this discussion, we will explore the fundamental tenets of technical analysis, encompassing vital aspects such as analyzing the ongoing market trend, price dynamics, market structure, and other critical elements of technical analysis. As we progress through this analysis, we will meticulously examine a potential trading opportunity within the NAS100 index.
It is important to note that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the stock market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.
Polkadot - $3 Looms as Sellers DominateHi Traders, Investors and Speculators of Charts📈📉
Polkadot is currently trading 93% under it's ATH. Although this is bad news for most bag holders, the good news is that the bottom is either in - or very close.
There's no doubt that a bullish cycle is overdue, but not just yet. Technical indicators on lower timeframes show bears are still dominating, and there's a chance the price could fall lower once more before the accumulation phase finishes.
Incase you missed yesterday's update on Bitcoin, find it here 📈
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CryptoCheck
BINANCE:DOTUSDT BINANCE:DOTUSD
Accumulating XLM & DOT -Fractals show PROFITSHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If I haven't already told you, Happy New Year 🥂
I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low or in accumulation zones and altcoins that are known to pump and dump independently of the overall market trend ( bearish or bullish ). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XLMUSDT / Stellar and DOTUSDT / Polkadot .
Incase you missed yesterdays gems, XRP and LTC , find the analysis here : 👀
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📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
DOT.Usdt (Y22.P4.Video1).short term trading apportunitiesWe look at the overall situation for DOT now and how it fits into the bigger picture from a Elliot wave count and formation perspective. We also apply our fibonacci levels.
For more confluence, add your MA and use the indicators of your choice.
All the best,
S.SAri
DOTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price hit the resistance line several times and now has broken it. This could be a failed breakout. If that is the case, then the price can fall down to the support zone. It is also likely for the price to make a small pullback and then move up to the resistance zone. If the price goes up to the resistance zone and gets rejected, then it can range between the resistance zone and the support zone. If the first resistance zone is also broken, then the price can range between the next resistance zone and the previous resistance zone which in this case will act as the support.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
DOTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price shows signs of being supported by the S1 line. If this happens, then the first target would be the R1 line and then the R2 line. It is also possible for the price to be rejected from the R1 line and fall back down to the S1 line. If S1 is also lost, then the price would fall further.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Market Update - A few of my favorite altcoins - Primed & Pumped!In this video:
* I review the overall market picture
* I review a few of the altcoins that I have cherry picked out of the many which appear to be vastly oversold, vastly undervalued, and/or have beautiful setups for entry
Best of luck traders!
Stay safe out there.
And Merry Christmas!
DOTUSDT Polkadot TA & Trade IdeaJust taking a look at this Polkadot chart. We've traded down to a key support level on the higher timeframe. The market is also overextended with somewhat of a liquidity void above the current price level. I would be interested in a potential sell if we break the current/previous low, then re-test and fail. That would be my cue to short this. The other thing to be mindful of is the higher highs and higher lows forming meaning the potential is also there for a reversal. Bottom line if we break the current level retest and fail I would be interested in shorting.
Polkadot Is Ready For A Deeper Retest, See Why Dot Could Hit $26Polkadot has made some good moves to the upside. The current resistant shows signs of getting a deeper retested before the big pump on DOT continues. But I do See mini bounce along the way. Dot is still sideways around a strong resistance I showed clearly in the above video. Thanks for watching and Happy Trading
Educational. How to trade a broadening wedge pattern? In this video:
* How to spot and draw a broadening wedge pattern.
* What constitutes an official broadening wedge pattern.
* Is the pattern bullish or bearish?
* What is the probability of breaking down vs. moving further up?
* How to measure target down and how to measure target up?
* Other notes to make on how to trade.