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Polkadot

Inverse head and shoulders on DOT?Here's an idea for you DOT degens. This line of in orange has had several touches as a clear line of support and resistance. If we are able to bounce off this line and break around $26.40 then we have a clear inverse head and shoulder pattern with a price target at the top of back to the range top at $32. There's also bullish divergence on the hourly so I would not be surprised to see a little pump here. Not a bad place to long in my opinion.
Long
by CryptoNCoffee
One more pump for DOTBTC before a dump?Of course this is conjecture but given BTC's market dominance I could see this scenario playing for DOTBTC. I could see DOTBTC having a decent pump to test the top of the rising channel trend line. Which depending on where BTC is at the moment could put it between $30-$33 USD and retesting the DOTUSD local high range. If we assume that BTC dominance has bottomed and will turn around over the next few weeks then I think it's reasonable to see DOTBTC dump to the bottom of it's macro trend line before reversing and eventually breaking out of its macro symmetrical triangle. To me this is the bullish scenario if we assume that BTC dominance is going be reversing sometime soon. If BTC dominance crashes and we go into an alt season then everything changes and we reevaluate.
Long
by CryptoNCoffee
DOT Downside Risk (Polkadot)Polkadot is one of those cryptocurrencies that piqued my interest this past bull market. Unfortunately, the online community is already becoming a ghost town, after the project appeared suddenly in the top 10 by market cap. Many cryptocurrencies are breaking down from their bull market uptrends, but DOT is still above. Should the support fall, I think DOT can eventually head back below $10. Depending on what's going on with the project and ecosystem at that point, I may purchase some at those prices. Let's see! On the upside, if it holds the uptrend, DOT can test the top of the channel once more. This is not meant as financial advice - this is meant for speculation and entertainment only. -Victor Cobra
BINANCE:DOTUSDShort
by VictorCobra
12
POLKADOT - Watch For This Buy Zone!Polkadot could be making one more drop before we get to our ideal buy zone of $10. We appear to be in an ABC expanding correction now and looking for one more move down which we can capitalise on for the short term. Short Term Trade Idea: SHORT - Watch for bearish price action at the 32.5 to 33 level - Watch for ascending trendline break for an extra confluence - Enter with stops above the recent highs - Targets: 22.5, 17.5, 10 Longer Term Trade Idea: LONG - Watch for price to come back to the $10 level - Once bullish price action appears, enter with stops below the lows - Targets: 32.5, 54, 69, actively manage the rest Let us know what you think. Goodluck!
by Altsignals
3
The scenario bulls don't want to face for PolkadotWell, here it is folks. Out in the open. DOT has a bottom line of support and if you are honest with yourself it looks like we're on our way to test it. There is a big probability that we are in a similar scenario as in the summer o 2021 were with effectively another month of downside to retest this bottom line of support before we change trajectory. Technically we would still be putting in a higher low which would keep us in a bullish structure. But let's face it, another 40% drop to around $16 does not feel like a bull market. I also used a fixed range volume profile to see where the point of control as of the break out back in Dec 2020. It's sitting at around $17. This is another reason why I think it's very possible we head down there to retest these levels. On a bullish note we could have put in a double bottom and could be forming a W-reversal pattern. We need to see a solid break above the $33 in order to validate it.
by CryptoNCoffee
4
Polkadot: Ready to Go Downhill 🎿We’ve connected the dots for Polkadot and established our forecast: Polkadot develops a new interim low by falling below the support at $25.3272. In our opinion, this confirms further downward movement toward $10.3759 and into the magenta-colored area between $10.8195 and $5.7131, where wave (c) in blue should end. Only after reaching this zone should the price go up for longer periods. However, there is a 25% chance that the price could rise earlier and, after hitting the support line at $50.5587, ascend further still.
POLONIEX:DOTUSDLong
by MarketIntel
POLKADOT ready to pump 🚀based on the chart here we had a massive lost for the price ✔ and then the price has broken the important trend line to the upside 🚀 and now become close to significant support area ✔ so we can expect gain for the price at least to our first resistance area that located on the chart 🚀🚀 if only the price breaks the support area here we can expect brief correction ❌ This is not financial advice, always do your own research. please, fell free to ask your question, write it in comments below and I will answer. 🐳
Long
by MadWhale
3
DOT👨🏻‍🏫 DOT is another coin which a lot of people call as looser of the 2021 (ADA, LTC, ...). 🤷‍♂️ I still do not understand why. I can understand some HODLer which bought DOT around 20 - 25 - 30. But if you check the history of DOT or if you analyse market cap., you need to say that DOT is a great and strong coin. For trading you need to go with trend, sentiment and use TA. We are not gamblers and TA have some rules which you have to respect. TP for ADA are: ✅ TP1 - 31 usd ✅ TP2 - 35 usd ✅ TP3 - 40 usd ⛔️ SL - 22 usd
by LbL_CZ
1