Polkadot
DOT/USDT 45% Up from our entry and what next ?#DOT/USDT TA Update:-
$DOT currently trading at $22.70
And went upto $23.30
Its almost 45% up from our entry.
Strong support = $14-$15 ✅
Breakout $19.60 ✅
Now I am expecting $65 my First Target.
Retest Level = $17-$18
#PolkaDot is Long term Potential coin.
DOT formed a megaphone patternI'm not really in the mood to do TA but I noticed this and I don't usually find many megaphone patterns so neat and in such good position so I thought to post about it.
Current DOT situation meets all basic rules about such pattern (read about them in this summary: www.elearnmarkets.com ) and I think this is it.
Volume is spiking where price meets the upper border and there have been 5 touches and the bottom touches (2 and 4) touched EMA 200 which acted as support. Moreover this pattern has formed after a strong trend. The only thing which could invalidate it would be BTC dumping so take a look at it if you wanna enter now wait for confirmation which would be price going over the upper line and possibly bouncing upward. However the possible target isn't so high because of resistance and pattern's target.
Good luck and remember, take a look to BTC. If price fails to break out there's a good occasion to short
🔔POLKADOT Going Long after come down to pull pack - ☑️DOTUSDTAfter DOT breaking up a descending channel, the possible scenario for next days is to coming back to price AT $18.40, which is considered buying area, keep DOT in your wallet until $35, then sell it to rebuy from pull back again Which will be at price $24 - 23$
Also when the price break the yellow trend line that is a proof to bullish continuation, just keep watching
Trade Idea for POLKADOT (DOTUSDT - DOTUSD):
- Wait for a pull pack
- Buy from $19 - $18
- gain probability more than 95%
- Keep following me for specific details
Keep following me for more news about Cryptocurrency
NB: The probability of what I analyzing, is to be true unless the opposite is proven
Feel free dear trader to share with me your opinion, and also your analysis & Keep Watching
Have a nice trading
POLKADOT - Bullish Divergence Polkadot is very close to our buy zone but we're waiting for price to make one more move down to complete the expanding flat formation, which is a very common bullish continuation pattern.
Whilst waiting for our long term buys, we can look to sell DOT once more.
Trade Idea:
- Watch for lower timeframe bearish price action at our sell zone
- Enter with stops above the rejection
- Targets: 14.50, 11
Goodluck and as always, trade safe!
$DOT starting to outperform $ATOMDOTUSD appears to beginning some outperformance compared to one of its peers, ATOMUSD. They are both interoperability tokens that have similar goals and functions. I would personally put them in the same group, but correct me if I'm off base.
On a 6 month basis, ATOM has outperformed DOT by a significant amount over the past 6 months depending on your point of reference.
ATOM has a market cap of roughly $8 billion. DOT has a market cap of roughly $29.5 billion.
If this recent outperformance by DOT continues, it could began to catch up to its peer, which has really been putting the petal to the metal over the last six months. Could be DOTUSD's turn for some sustained outperformance.
Long-term view of ATOM's outperformance over the last 6 months.
PolkaDot DOTUSDT - HUGE breakout is happening! New bull market.- DOT is currently breaking out of the descending channel on the daily chart!
- On the weekly chart we a have higher highs and higher lows, so there is nothing wrong with the overall bull trend.
- Also an Impulse Elliott wave finished successfully with 5 waves to the downside, so now there should at least a retracement to 0,618 FIB.
- RSI horizontal line is breaking out too.
- Together with BNB we can experience solid gains.
Polkadot DOT price prediction 2022This is my Price Prediction for 2022. As long as we continue in this type of market, I believe the prediction may play out... if we are in or if we enter a bear market then the price prediction may not play out.
this is for entertainment purpose only
not financial advice.
always do your own research.
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