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Polkadot

POLKADOT is Forming Cup & Handle PatternThe Polkadot price went parabolic since the beginning of December and smashed the monthly highs above $30 The asset is currently encountering a slight pullback which can be seen as a slight correction or relaxation, before the next leg up Also, the chart so mentions the formation of the Cup, in Cup and handle pattern, which signifies a decent drop incoming shortly Adding to the substance, the asset in the daily time frame is about to encounter a Death cross, wherein the 50-day MA is about to cross the 200-day MA and move towards the south. And hence dragging the price by nearly 15% to 20%. Yet the asset could flip the downward trend very soon and attempt to close the yearly trade on a bullish note.
by Coinpedia-Market-Insight
DOT - the fall could continue, just wait for these scenarios.The support could not hold the price and the DOT broke the key level. This level is now resistance, in case of a retest, there could be a good selling opportunity. Liquidity levels, which could hold the price down, are noted below. False breakout of liquidity levels could be a good buying opportunity. A breakout of the trend line could also be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
3
Polkadot Inverse Head & ShouldersPotential price appreciation is about 42$ x2 measured from the head to the neckline, if price breaks above, we could see Polkadot changing hands around 95$ USD approx. Timeline being used is Daily, so this could happen sometime in Q1 or Q2 of 2022. This is purely TA, and we know that cryptocurrencies does not strictly obey TA, so this is just a possibility. Current price around 31, so a safe 3x play from here for more conservative players. For the record, I am no longer using Binance due to jurisdictional conflicts, but most of my USD pairs are still on BUSD. I don't see the need to change them over for the time being. If you are buying polkadot strictly from a TA perspective, I encourage you to do some fundamental analysis as well, and at least understand the project and the ecosystem based around it. From my perspective, this is a long term hold with a moderate percentage of my portfolio.
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by JJMa
DOT reversal is about to begin?I've been accumulating DOT after a long time and late since I wanted to buy when it was below 10 but I didn't have money. As you can see after a -52% dump it looks like price is breaking out of the trendline. Moreover I see the beginning of a bullish DIV that at a certain point will start to play out, probably it has already started. TMA shows that at daily timeframe price has almost bottomed on its lower band and VLPR shows last bottom was bought heavily. Most likely scenario for me is that we go up and down again until we break out the TMA middle band, probably bouncing off 29-30 USDT to do an HL and then go up. Worst case scenario is that we go further down to touch 20 USDT (the orange trendline on the bottom). Best scenario is that DOT will do at least a +50% before retracing again but I don't think so because, as usual, BTC dictate the pace. Sorry if the chart is messy but if you focus you'll see everything. Good luck
Long
by Shotokhan
DOT/USDT by CryptoTradersWWDOT pushed strongly from a daily timeframe support of $22.80 - $23.50, breaking the fundamental level. Price broke through the resistance line, indicating that the overall trend is bullish. The price has now touched a minor resistance level of $29.60 - $30.0. It appears to be in fantastic shape to begin accumulating now. A fair price range for that is $25 to $28. Here's where good money management comes in handy. If DOT follows this plan and goes to take that resistance, the following lines would be the trend I expect and in that case I will make some updates on the chart. <———————————————> Follow us on our socials for more! Thanks and happy trading :)
Long
by CryptoTradersWW
7
DOT Polkadot closed 3 of 5 tasks on the 4h chart...DOT Polkadot closed 3 of 5 tasks on the 4h chart... 1. breakout of the resistances on RSI and OBV (done) 2. flip the MA Ribbon bullish (green) (done) 3. breakout of the red trendline channel (done) 4. break the volume resistance 5. confirm breakout(s) and have fun 😎 But be a little careful... hidden bearish divergence with RSI has to be avoided. Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *not financial advice do your own research before investing
BINANCE:DOTUSDLong
by Crypto4Everybody
2
Polkadot is now officially live and onlineOn December 16 at 10:07 UTC, the first five auction winning parachain projects began producing blocks for the first time on the Polkadot network. Acala, Moonbeam, Astar, Parallel Finance, and Clover are all officially online. This is a defining moment in Polkadot's 5 year history. This news is very bullish for a crypto project that has been gaining huge amounts of value while it was just in development stages. I am very excited for this project, and I believe we can expect the start of another interesting bull run for the $DOT token. More on this announcement : polkadot.network
KRAKEN:DOTUSDLong
by bglaser
1
PolkaDot Ready for $100 Club because Strong Buy Pattern#DOT/USDT Exclusion TA Update:- $DOT finally hit again Strong support as I mentioned in my chart many time. Strong support = $24 Now Chart..? As per chart $DOT is bullish and I am also Accumulating here. I am expecting 150% Profit form support level. Every time Strong bounce back because of Bullish engulfing Pattern. This time also Bullish engulfing Pattern at Strong Support level. Entry:- $24-$28 Target:- $40/$60/$170 Stop Loss:- 23 Don’t forget to Click LIKE button guys.
BINANCE:DOTUSDLong
by CryptoPatel
3
Polkadot $DOT Will Reach $100 by The End of April, HERE IS WHYThis is my medium term analysis on $DOT and there will be none to follow for quite a while, so tune in and enjoy the ride! INTRO , Polkadot $DOT established a new trend and finished its short term explosive cycles, which fired it above $50 from below $5 in december last year as predicted in my previous analysis. By breaking into top 10 leaderboard a true altcoin behaviour can be noticed with a 1:1 correlation to the $BTC price. This takes away crazy 10x upsides, but on it's own is not a bad thing and makes $DOT a viable and future SAFE alternative to holding BTC with over 12% APY and much greater potential if the altcoin correlation is broken due to growing number of project launching their own parachains. DIMINISHING RETURNS , become more and more prominent with every 105 days micro cycles, the upside vs $BTC decreases by around 0.5x. As Bitcoin gears for a final phase of its explosive bull run a clear target of above $100 can be noticed within the time range of anticipated BTC cycle end range. This analysis assumes BTC top to reach around $113k and is my personal take on the highly uncertain market. The hossa should last as long as stonks won't flop for which they are long overdue. That being said real world markets often can stay overextended for a very long time thus all immediate doom predictions should be taken with a grain of salt. LONG TERM , Polkadot can easily take a spot of Ethereum within the next crypto cycle (~4y) as reality of ETH 2.0 not being what it supposed to be sets in along the final PnD. The Ethereum clearly becomes a leading force and can easily reach 0.1 ratio by the end of the current cycle, temporarily overtaking BTC in CMC. As Ethereum shows its strengths which can already be seen with a superior to $BTC market structure a speculation regarding its future competition will become apparent. SUMMARY , Polkadot is expected to reach its top between March and September with most likely cycle top in April, the major resistance and support level should be expected to be $42 to which we should return within the next 3 months. With 2.5x return against BTC from current bottom a great alternative to Ethereum with a whopping 12% APY is painted. At current price levels Polkadot definitely can't be ignored in any highly diversified portfolio. If you have any questions or want to see more posts like this click the follow button and add a comment below.
Long
by criptocount
2
DOT/USDT - Potential 89% SetupHello Traders! The upward movement of DOT has corrected to the Fibonacci level of 0.618, as a result, the price stands in the buyers zone of interest of $25.00 - $28.50. This opens up a good potential for a medium-term trade with a good risk/profit ratio. We can look for buy entry in the range of $26.00 - $30.00 The position should be closed by the stop-loss if the price goes under the mark of $21.75. The profit taking targets will be price levels of $39,00 $45,50 $54,00 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Long
by UnknownUnicorn10064030
Polkadot Now has LARGER 1-2 SetupPolkadot (DOTUSD) invalidated its nested 1-2,i-ii setup that was our primary PURPLE pattern by breaking below the 25.75 support. While that is unfortunate and makes the bearish RED alt pattern more likely, the new primary GREEN pattern now identifies our 55-top as larger subwave(i). And that means our standard overhead targets for DOT have risen substantially . Subwave(iii) now targets 235-349 while Subwave(v) now targets 445-660. There are also strong Fibonacci confluences at 191, 381, and 583 at which we can see pullbacks. The larger 1.618 ext at 1161 still looms and could possibly serve as the major top for Polkadot if things go extra bullishly. All this is great news as long as we stay over support at 19.69 , which marks the 61.8% retrace of our new green subwave (i). Dropping below that can substantially increase the likelihood of the bearish RED alt pattern manifesting. Officially, breaking below 10.34 will make the bearish red pattern my primary, but in all honesty, if the altcoins are going to see that kind of bearishness, BTC and ETH will flash strong warning signs well before we get that low! As the rally continues, it will become more and more important to focus more on dollar-cost-averaging (DCA) to purchase DOT as opposed to buying in large lump sum amounts. The risk-level increases as the price rises, so your window is closing on deploying larger amounts of cash. Remember to diversify not only what you purchase but also the TIME of the purchases; that's where DCA can help! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #polkdadot #dot #polka #crypto
KRAKEN:DOTUSDLong
by Critique-al-Thinker
3