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Polkadot

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
💡Don't miss the great buy opportunity in DOTUSD @Polkadot Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (25.17). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . DOTUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 71 Take Profits: TP1= @ 26.47 TP2= @ 27.35 TP3= @ 28.51 TP4= @ 29.47 TP5= @ 30.33 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
6
Polkadot Price analysisEveryday is a new day and new trading patterns we have to identify because of the market sentiments and fundamentals. As you can price is back in downward parallel channel. The price is at its very critical support. Plus its forming possible double bottom and there is also a hidden bullish divergence on RSI and you can see whenever the RSI is above the yellow line price rallies upwards. Hope soon the RSI breaks the yellow and make it as its support. I am still very bullish on $DOT. What you think kindly share your views in the comment below. NOTE: These are just my observations and not a financial advice. #DYOR
Long
by dhingravivek
Polkadot (DOT) - January 10Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSD 1W Chart) 10.16-16.15 or more: Expected to create a new wave. It must rise above the 33.87 point to turn into an uptrend. If this continues, we should see support near the 20.27 point. ------------------------------------- (DOTBTC 1W chart) Over the 0.0003911-0.0004872 section: Expected to create a new wave. You need to break out of the downtrend line to accelerate the uptrend. So, you need to make sure you can keep the price above the 0.0005850 point. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:DOTUSD
by readCrypto
DOT/USDT : Some similarities on lows !BINANCE:DOTUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #DOT has showed a fractal repetition on the last local lows. There was a fast relief sweeping out the lows and get to the lower lows again. So there's an opportunity to have an aggressive long position on #DOT but there'll be three factors to watch for : - Uncertain market structure + High volatility in ALTs right now - Local liquidity pool located at 36K on BTC's chart ( There'll be our last leg down into 36K for institutional buyers ). - Fractal suggesting that every relief on #DOT has an immediate drop; So it's very suggested to manage the profit targets ! 📚 The lower order-block could be a good entry to take long and set our SL as a any breakdown confirmation below it. I was planning to share the chart earlier today but I got to do some of my personal jobs and I guess we ran out of the entry... But in any chance of revisit the entry; It could be good to have a taste on the LONG with very tight SL and also we need to engage only 4% of our portfolio on spot buy ! Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
34