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Polkadotusd

DOT ready to explode to $100DOT/USDT looks very bullish on the daily timeframe as it looks to breakout from a 3 month long consolidation zone spanning all the way back to February. My targets for taking profits are highlighted on the chart and are situated at the following respective fib levels: TP 1 at the 1.618 fib ($61) TP 2 at the 2.618 fib ($82) TP 3 at our final target just below the 3.618 fib ($100) The % profits you take at each level is entirely up to you, however I will personally be looking to close between 25-33% of my long position at each TP target. SL (Stop Loss) will be adjusted accordingly as targets are hit. I expect this trade to starting play out over the coming few weeks and hit the mentioned targets over the next few months leading us towards the end of August. Please note, caution should be exercised if BTC closes a weekly candle below the 21 EMA , which would indicate a shift in trend from bullish to bearish for the short-med term. In this scenario alt coins would most likely dump alongside BTC. In the event the aforementioned scenario plays out, I would advise to close this trade and look for lower re-entry to DCA your position. Be sure to follow me here on TradingView if you want to receive future updates and SL adjustments for this trade and many more. Disclaimer: This is only my opinion and should not act as financial advice, always DYOR (Do your own research).
Long
by TheBitcoin
3
DOTUSDT (Polkadot) – Week 18 – Going up?This pair made a pullback move from the top of 48.32 USDT to 26.62 USDT in the middle of April. Now it started an up move that seems to consolidate its way to new higher prices. If the price breaks the minor resistance marked on the chart with a sharp move, we can expect Polkadot to go into new highs territory. However, a deeper pullback to the blue trendline or the support remains possible. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
24
DOT - 12h. Global correction and new upward momentumThe buyers were not strong enough for only $ 1.5 to test the mark of $49.7. This mark was the target of our previous DOT idea: Buyers managed to break the triangle up, which significantly raised the mood of investors. The new all-time high has been updated and nothing should have stopped the DOT price. However, on April 17, in just 24 hours, sellers managed to lower the DOTUSDT price by 30% . This situation made us take a fresh look at the DOT chart. First of all, we once again reaffirmed the importance of the range of $38-39 . If you look at the hourly timeframe , you can see that the increased trading volumes in the DOT market began only after the price met the range of $38-39: After breaking through this range, the price began to fall faster. And after an unsuccessful attempt by buyers to return this range on low volumes , the DOTUSD price updated its local minimum. Therefore, for a conservative entry into a DOT position, you need to wait for the price to consolidate above the range $38-39. Our second observation is the global consolidation channel in which the DOT price moves from February 20: The movement in the white channel is very similar to a simple correction after a powerful upward impulse. The key range for this consolidation is $30.5-31.5. Throughout the month, buyers carefully protect this price area. On March 24, sellers tried to break through this price zone using medium volumes . The attempt was unsuccessful. Now sellers are trying to conquer the range of $30.5-31.5 again. However, as we can see from the volumes, sellers spending more effort cannot update the local minimum of March 24. This fact tells us that sellers' exhaustion reaches the end and ahead of the DOT market. A new upward impulse awaits. However, this is a completely different story) At the moment, we expect the continuation of the Polkadot price movement in this consolidation channel and a test of the mark of $50. If you are interested in seeing a global DOT idea - write about it in the comments! _____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
30
DOT/USDT Key Levels $44 and $35. Bullish Bias.We may see price run for a new high before we get a clean pullback down to $35 that is okay. For my strategy we need an algorithmic pattern to line up with a liquidity pattern. Watch $44 for a short-term sell, which I may just pass on if all other cryptos are rising, it wouldn't make sense from a probability perspective to try and sell against the major trend. Why is $35 a key level? Reasoning: We have high amounts of smart money volume there that I believe is bullish, we also have a liquidity void lined up at that price as well. If April's current high remains untouched and we get a harmonic/ABCD of some sort at $35 I will be looking for a buy reaction. The idea is that there is still liquidity sitting right above April's high and we want to make a run for it with the banks. Target's are 38.2%,61.8%, and 100% of a trend based fib projection. Let's Elevate, Gio
by elevatedinvestor
2
DOT hits historical high as bulls remain relentless Polkadot spikes to new all-time high after crossing above the stubborn resistance at $40. The upswing hit a barrier at $47, cutting short the journey to $50. DOT is likely to consolidate before the next significant move toward new all-time highs. Polkadot finally made it above the crucial $40 level. The move triggered massive buy orders as investors speculated a liftoff past $50,000. A record-high has been traded at $47, limiting the price action. Meanwhile, DOT is doddering at $45 amid the hunt for higher support. The upswing occurred during the long Easter weekend. Several digital assets surged, including Ripple and Stellar. On the other hand, Polkadot retreated to $40 following a rejection from $47. In the meantime, the digital asset has already renewed the uptrend to trade beyond $45. On the upside, the immediate resistance rests the historical high of around $45. A glance upwards reveals that $48 and $50 levels may also limit price action. Recently, the Moving Average Convergence Divergence (MACD) hit a monthly high at 2.5. A correction is underway, but the indicator leans more to the sideways trading action based on the MACD. For instance, the MACD line (blue) holds slightly under the signal line. The primary battle is to cross above the signal line, thereby reinforcing another upswing. However, the MACD is relatively horizontal in motion, thereby paving the way for consolidation ahead of a breakout. If the immediate support at $44 fails to hold, overhead pressure will mount toward $40. A break under this level may trigger a high volume of sell orders, culminating in massive losses toward $36 and $30, respectively. Polkadot intraday levels Spot rate: $45 Trend: Sideways Volatility: Low Support: $44 and $40 Resistance: $47 - $48, and $50
BITFINEX:DOTUSDLong
by CoinGape