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Polkadot

DOT had good price growth over the past week!DOT had good price growth over the past week. Considering that the price had hit the bottom of the descending channel in the range of $5 in the high time frames, we saw the formation of a double bottom pattern and the return of the price above the range of $5.4. This pattern, which is clearly recognizable in the 4-hour time frame, has confirmed the break of this resistance pattern as the pattern's neckline was formed at the $5.4 range. In the same period of time, we can expect further growth up to the short-term target range of $6 by considering an upward trend line on the last pivots and until this dynamic support is fully maintained. The trend is still bearish until the $6 resistance is broken. There is a possibility of a larger twin bottom pattern forming on the intraday, where the $5.10-$5.30 support level could be a good support area to retest demand.
by MonoCoinSignal
9
Polkadot Starts Forming Bottom PatternWe will look at two more Altcoins that are starting to show early bottom/reversal signals, even if it is for just a relief rally. First one is Polkadot (DOTUSDT), the other is The Sandbox (SANDUSDT). Let's start with Polkadot. We can see the rounded bottom in June/July before the upwards correction took place. Now we are seeing a similar pattern with another bullish signal supporting it. We have bullish divergence between DOTUSDT and the RSI. A strong divergence started forming since August. On the short-term side, we see prices trading above EMA10 and moving pass EMA21. This happens while aiming at MA200 or $7.275 as potential target. (A nice 30% potential growth). We know that Polkadot moves together with Bitcoin... Almost all major Altcoins do. So it is a positive signal when we see it go green as Bitcoin is correcting short-term. Additional details on the chart (support & resistance levels). Namaste.
Long
by AlanSantana
2
Important minor support!DOT continued its downward trend during the last week. But by accurately hitting the bottom of its medium-term descending channel, the price increased just like the Cardano chart. But this increase in price has not shown high power from the buyer. Considering that the price is completely in a downward trend until the resistance of the $6 range becomes support, these reversals can be considered a corrective wave. But on the one hand, because a downward trend line within the channel has been broken upwards, and the last downward wave was a pullback to this trend line, if the short-term market conditions are maintained, the possibility of forming a double bottom pattern for There is a medium-term uptrend. But its confirmation requires breaking the $6 resistance. Also, breaking the $6 resistance can make the 4-hour trend upward. At the time of writing this analysis, the biggest time frame in which the upward trend can be seen is the 1-hour time frame. As long as the minor support level of $5.25-$5.20 is not broken, this short-term uptrend can continue toward the $6 target.
by MonoCoinSignal
7
Polkadot (DOT) - November 23Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTBTC 1W chart) The price needs to stay above 0.0003 517 to gain strength. ------------------------------------- (DOTUSDT 1W Chart) Whether it can rise above 11.72 is the key. To do so, we need to see if we can keep the price above 7.16. (1D chart) It is a matter of getting support in the 4.16-5.11 section or higher and being able to rise to the 5.67-6.60 section. In particular, we need to see if we can break out of the downtrend channel. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
#Polkadot Slumps 90% from Peaks; DOT May drop below $5.3Past Performance of Polkadot After soaring to as highs as $55 in November 2021, DOT is now 89 percent from all-time highs and wallowing against a wave of intense selling pressure. From the daily chart, bears are squarely in charge, and November 16 losses offer no reprieve for buyers. The immediate support lies at $5.3, while any gains above $6.3 may lift Polkadot back to November highs. #Polkadot Technical Analysis DOT prices are inside a bear flag, trending within the two defining bear bars of November 8 and 9. The failure of bulls to flow back, reverse losses of last week, and build on November 10 hints at weakness. Therefore, since prices are below $6.3, trending with low volumes, and inside a bear flag, sellers can double down, targeting $5.3 in the short term. This preview will only shift once DOT surges above $6.3, breaking above the bear flag. Then, the coin might fly to November highs at 7.3. What to Expect from #DOT? Like the rest of the market, Polkadot is under immense selling pressure. After shrinking roughly 90 percent from peaks, there could be more drawdown if immediate support at $5.3 doesn't hold. Resistance level to watch out for: $6.3 Support level to watch out for: $5.3 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
🔥HUGE falling wedge on DOT❗️The MAIN trading plan here🚀🔥Hi friends! Poldatot is most promises altcoin except ETH. The bridge between the blockhains is very usefull tool in crypto world, especially for the payment services. Now DOT consolidate in the HUGE falling wedge and make LL and LH. It's not good, cause some of altcoin still make HH and HL, showing the strength. It can be related to the amoun of retail traders that entered DOT during the bull market and not sell most of their holdings. 🚩 At every low we can see EXTREMELY HUGE❗️ spike of volumes which shows how many coins retailers had. I think that the third DUMP is still possible. It will be related to the BTC dump to $12-13k. The $3-4 is a good key level for the long-term entry point. ✅ The local picture is the consolidation inside the range and breakout of the trendline with targets that I mention below. 📊 The main preconditions to open a long: 1. consolidation in the range with manipulation by the whales 2. squeeze to the trendline 3. bullish BTC 🚩 Just my recommendation is to use DOM and Footprint to identify the whales sell and buy orders. These tools will help you to increase the winrate by 25-35%. ✅ My 3 targets for DOT: 🔥 $6.05 - the key level 🔥 $7.3 - the key level and local high 🔥 $9.6 - the key level and local high Traders, what do you think about DOT? Do it have a change to reach $30-40 on BTC rebound? Write your thoughts in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
by Yuriy_Bishko
9
🔥🚀3 LONG TARGETS: DOT will start it's rally, if THIS happen! Hi friends! POLKADOT will follow the BTC as 99% other altcoins. But where the best entry point to buy DOT and make a profit? Now the DOT fall below the key level of $6. This level was the support for the long time, so a lot of sl were taken during this local dump. ✅ Of course, this good for the whales to buy more DOT and for us to open a trade with the BIG players. 📊 The main reasons to open a long: 1. liquidity collection by the whales 2. squeeze to the trendline 3. bullish BTC🔥 🚩 The volume falls despite the price LL. Usually, when whales are taking the sl of the retail traders, the volume is growing. Now we see that the volume just fall. It mean that there is no retail traders at the market and the whales accumulate enough DOT and just wait for the price reaching targets. ✅ The main targets for Polkadot: 🔥 $6.2-6.5 - value area 🔥 $6.95-7.4 - value area 🔥 $8 - key level 🔥 $9.2-10 - value area and even number 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
8
DOT - Its Time Will Come!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DOT has been overall bearish for a while and it is now approaching a strong weekly support and round number 5.0 in green. DOT is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing. For the bulls to take over from a long-term perspective, we need a break above the channel and last major high in gray. Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 5.0 support. In this case, as price approaches the support again, we will be looking for short-term buy setups. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
36
CryptoMania- in 2018-2019-2020, Cryptos markets fluctuated bewteen 100 Billlions to 400 Billions. - At the start of this BullRun, we got a push of 2000%! Rockected to 2.5 Trillions ! - Now and it's totally Logic that we retraced 50%ish and back to 1.20 Trillions, according to Elliot Wave, we just finished Wave 4 Retracement. Remember always that Cryptos are most fast than you, for the push and also for the dip ! - The Next push should propulse us to 3.5 Trillions Total Crypto Market ( +200% ish), 161.8 Fibo. - This trend is theorical but clearly possible and very preservative, i had to made it to make peoples understand that we are just at the beginning of this fabulous Journey. You are parts of the Web3.0 Story, Defi, Decentralisation, Swap money from your computer and so much more is coming.. could u imagine that 10 years ago ? - With time the old banking system will be obsolet and die slowly. Don't lose your faith in cryptos! Long Cryptos, Short Banks ! Happy Tr4Ding !
CRYPTOCAP:TOTALLong
by thecryer
4
DOTUSD Can't stop this death spiral unless the 1D MA200 breaks.Polkadot (DOTUSD) has been trading within a Channel Down pattern since the November 08 2021 High. Our previous DOT analysis was on July 16, which hit its target with the help of that pattern: In early November the price broke above it marginally but as it failed to cross the 1D MA200 (orange trend-line), the 1D RSI formed a top (red circle) and caused the price to drop. As you see, this pattern is consistent with both previous Lower Highs, a 1D RSI on these levels forms a top and causes the price to drop aggressively. This 'Death spiral' can only stop with a break above the 1D MA200, which is the Resistance since January 05. Until then, we can expect DOT to make a new Lower Low either on the 0.786 Fib around 5.00 or even lower on the 0.618 Fib (4.50 - 4.00) before the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:DOTUSD
by TradingShot
7
You have to wait until the price stabilizes on the levels!DOT had a sharp downtrend over the past week. The price of this currency registered a sharp decline after failing to stabilize above the resistance range of $6.6-6.8, and the selling pressure broke the support of the $5.7-6 range. This bearish trend could continue if Bitcoin breaks back below the $16,000 range, taking the price down to key support in the $4.5-$5.14 area. Selling pressure and sellers' strength is still high, and this can be seen from the upper angle of the descending wave with the horizontal axis. To see the signs of reduction and removal of selling pressure, we can consider the positive divergence of the RSI indicator, the volume divergence, and a complete pullback to the downward trend line. With a higher probability in the channel range of $4, there is a possibility of a complete price reversal and trend change. Therefore, you should wait until the price stabilizes at the specified levels.
by MonoCoinSignal
3
Polkadot DOT price has nowhere to fall below. It's time for longIt's been a while since we did a DOTUSDT idea, then it's time to refresh our thoughts. As you can see from the chart, the DOT price is clearly moving from one liquidity level to another, we have marked them nicely on the chart. So, we assume that the price of the Polkadot token will consolidate a little more, buyers will gain strength and break up from the falling channel. Therefore, we make an assumption for ourselves about the possible movement of the DOTUSD price Long to $6.60 - correction - long to $7.90 - correction - long to $9.50-10 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
29