POLKADOT respects Fibonacci channel levels very much!Technical analysis regarding the price of POLKADOT in relation of dollar Tether for the next scenarios, based on 4 hour movement.
The price of this cryptography respects the levels of channels very much if you look at the past and well, as I rely on 90% Fibonacci to carry out my projections / analyzes, I strongly believe in the next price levels that you can achieve.
Breaking this congested accumulation region (at the top), the price will have no barriers to reach such levels.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Polkadotlong
PolkaDot Looks ready for another Leg Higher. PolkaDot Looks ready for another Leg Higher. DOT holding support looks ready to leg up soon. BINANCE:DOTUSD
It's time for a turnaround for DOTWarning: our thoughts are ours and ours alone; not financial advice.
After Polkadot's DOT surged greatly, the crypto asset has cooled off for a while. And we think this may be the end of the cooling-off, and we might start to see some actions real soon.
However, according to our strategy, we don't buy until the price breaks below the MA. We'll accumulate more if this happens.
Massive potentials to the upside if things go our way.
Polkadot Relying on Fibonacci LinesProfit takers are depending heavily on fibonacci lines to time the entries and exits, as DOT has so little previous price history to provide support and resistance levels. No matter how you draw the fib lines on the latest pump, they always line up with key highs and lows. The next Fib target puts DOT at $21, which is conservatively within reach should this altcoin cycle continue. #DOT
Dot surgePolkadot has surged massively. There's a another breakout build up. I have noticed Most coins when they moon, they get to 2.618 dib extension level for the case of DOT its about $23. There's a but here. Let wait to see price break above current resistance and possibly make a retest. Then we can long with first tp at 1.618 fib extension level
Polkadot is beautifullOk so the problem in crypto is not WHERE price will go but WHEN?. The next Leg should propulse DOT around 15$.
BTC dominance is still around 70% so we need a bit time for the next altcoins rush.
Buy Zone is now : 9$
if BTC dip and alts follow dip :
Rebuy Zone 1 : 8.2$
Rebuy Zone 2 : 7$
TP : 14.9$
So like always invest wisely and don't go all in at your first buy.
Under 7$ it's a Stop Loss.
Happy Tr4Ding !
Polkadot 10$i made some analyses on DOT few times ago and it's one of my favorite coin. i don't trade it and i just stack a bag from his start.
it's just a matter of time for this project to reach 10$ and start to be in the first lights of the scene, Dot is more than a coin, it's an ecosystem able to annihilate Ethereum. i am no a financial advisor but if you need to hodl and bet on only one single project, it should be Polkadot.
if u trade it here u have 2 scenarios :
1. fast scenario
- will retrace a bit and go break ATH soon and move to 10$ fast
2. medium scenario
- will retrace 1 more time and back to break ATH to 10$
in any of those cases it will reach 10$ and maybe more fast than i think.
Happy Tr4Ding !
DOT UpdateHi Guys
DOT is looking bullish here, yesterday broke trend line and now resisting it.
So I have bought here and will buy on next critical support area 0.0002445 if dumped. SL will be 0.0002445 if 4hr candle close below this level.
Be careful guys, crypto index in extreme zone level 96. Don't use any leverage
Best of Luck
Please like, follow and share your feedback.
Thanks
Crypto King
Long Polkadot $DOT short to mid term. $DOT have broken out of this wedge today,
I have bought a small amount of Polkadot to hold for 2021.
Technical indicators such as DMI, RSI, and MACD are pointing there is more room to grow.
Last year, I said to go long on Chainlink at $2.50, this has turned out to be a big winner. Chainlink trading at $12.70 at the moment.
This year, I am calling to go long on Polkadot heading to the Bitcoin bull market 2021.
DOTUSDT completed Gartley | Upto 32.4% move expectedOn daily chart, the price action of Polkadot (DOT) has completed the final leg of Gartley pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Potential reversal or buying zone: $ 4.70 to $ 4.32
Fibonacci projection or sell zone: $ 4.99 to $ 5.72
Stop Loss:
The potential reversal zone area that is up to $ 4.32 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 32.4% and as per the above-mentioned stop loss, the loss possibility is 8.1%.
Note: Above idea is for educational purpose only.
Polkadot on his way backit's always very difficult to analyse new coins because more we can back in the past, more it's easy to find supports and resistances.
Dot is still performing a good come back as you can see by his multiple bounces on a forming uptrend Line. Like always the King is controling those coins by his dominance so you always have to check BTC before entering a trade and exit fast if a dip happens.
Simple Targets :
- TP1 4.80$ (38.2% retrace)
- TP2 5.50$ (61.8% retrace) - Strongest Resistance
Stop Loss : 3.90$
Happy Tr4Ding !
Polkadot a bullish setupHey friends hope you are well and welcome the new update on Polkadot (DOT).
On daily chart the price action of DOT is moving in a down channel and making a powerful attempt for the breakout the resistance of this channel.
On the small time period 4-hour chart the price action has broken out all simple moving averages with the time period of 25, 50 and 100.
Now I would like to draw your attentions towards a powerful bullish move of the Polkadot coin that it has formed bullish Gartley pattern in US dollar market and the Bitcoin markets as well. The patterns and targets are as below:
Polkadot with US Dollar pair Gartley move:
The priceline of Polkadot (DOT) with USDT pair has formed bullish Gartley on the 2 day chart.
The targets as per Fibonacci sequence of Gartley are:
Potential reversal or buying zone: $3.85 to $3.03 (this is stop loss as well)
Fibonacci projection or sell zone: $4.49 to $6.04
Polkadot with Bitcoin pair Gartley move:
The priceline of Polkadot (DOT) with Bitcoin pair has formed bullish Gartley same as like with US Dollar pair on the 2 day chart.
The targets as per Fibonacci sequence of Gartley are:
Potential reversal or buying zone: 0.00037629 to 0.00031935 btc
Fibonacci projection or sell zone: 0.00042099 to 0.00052901 btc
Conclusion:
The price action of Polkadot is showing very positive gesture as it has broken out all SMAs with time period of 25, 50 and 100 on 4-hour chart and likely to breakout the resistance of the channel soon. However, we should use the potential reversal zone as stop loss because if this PRZ level will be broken down then the price action of DOT may move more down for the completion of Butterfly move.