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Polkadotusd

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
DTO/USD - Expect Continuing higher or retest the previous ATHAs we can see DOT has broken the previous ATH reaching a new high 46.97942541. The retracement was expected, and we can see that the 0.618-0.5 Fib Ret acting as support (the previous resistance that was broken) at around 41-40 USD. We know that in an uptrend after a new higher high is made, is expected a new higher low. We have seen the HL and now we expect the buyers to continue the trend up breaking or at less retesting the previous ATH.
BINANCE:DOTUSDLong
by alexm1011
Polkadot Buy Signal from Script triggered EMA Crossover SMAUpdate from 10/03/21: Polkadot Buy Signal from Script triggered at Buy Zone 2 (50% Gain from the 38.20% Fibs), 13 EMA crossed up above the 50 SMA on the 29th March. As stated from previous analysis below, the move back towards the ATH and beyond to the 127.20% Fibonacci was not expected to be a straight forward push back to the ATH of $42 which we reached on the 20th February, we predicted a potential of 3 push phases and after a lot of consolidation with profit takers in the market, our Swing Call script triggered a strong Buy Signal on the 29th March and after a triple top formed from the push phases which failed to test the previous ATH levels, bouncing at the 78.60% Fibonacci level, we finally had a breakthrough pushing past the previous ATH level of $42 and hitting our 127.20% fibonacci level at $45.81. Our next target for Polkadot is at the 161.80% Fib extension and a price target of $50.59 which is a 16% Gain from the current price level. Happy Trading *Update of Dot's Chart & Analysis from 28/02/2021* Polkadot (Dot) Buy opportunity! Potential 68%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21. The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano, Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension . Note this may not be a straight forward push, but a bullish momentum powered by 3 push phases. Use the Buy Zone area to map your entries, Zone 1 at the 23.6% level and Zone 2 at 61.8% Golden ratio. Overall, there is a high probability that Dot's price will break out higher (68% Gain from current price levels) as the bulls target the next resistance at $50.
BITFINEX:DOTUSDLong
by CryptocurrencyMagnet
1
DOT to $100 ?Daily chart on logarithmic DOT/USD pair. We are in an accumulation phase before a leg up to a new ATH. Resistance around $40 will be broken in the next days. Target: $100 RSI: during the BTC dip, we bounce at 38.05 bottom level. We are going to hit 80 (RSI level). MACD: extremely bullish. You can see the blue line up and crossed the zero level, and crossed the red line. We need one more element to explose the resistance and go to $100: more volume. For the moment, we stay in accumulation phase, whales and institutions continue to fill their bags. But the leg up to a new ATH is imminent 🚀
BINANCE:DOTUSD
by Apollonosaure
2
Polkadot +50% in next days in that case ...$DOT currently trading at $37.50 Still waiting for breakout upward. If breakout confirmed for 4hr candle closes above $40 then Ready for $60 easily (+50%) ✅ Buy: 36 - 38 ✅ 🎯TARGETS: 1- $50 (25.03%) 2- $60 (50.02%) 3- $80 (100.0%) 💵 Trade Size: 5-7% of Portfolio 🚫Invalidation(SL): daily candle close below $26.50 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by BTC-fire
1
DOT recovery becomes an uphill battle while overhead pressure mo Polkadot hits a snag under $35, abandoning the upswing to highs past $40. DOT seeks support at the 50 SMA on the 4-hour chart while trying to avert declines under $30. Polkadot had staged an impressive recovery on Monday, extending the bullish leg from the recently formed support at $27. The token hit highs above $30 and pushed for gains beyond $35. However, bulls lost steam within a whisker of a confluence resistance created by the 100 Simple Moving Average (SMA) and the 200 SMA on the 4-hour chart. The mission to achieve a new record high beyond $40 seems to be a pipedream at the time of writing due to increased resistance beneath the confluence level. DOT seeks higher support at the 50 Simple Moving Average (SMA). If this immediate anchor fails to hold, we can expect DOT to tumble further and perhaps retest $30. The Moving Average Convergence Divergence (MACD) indicator had flipped massively bullish from last week. However, the indicator’s upward momentum has dramatically reduced. At the time of writing, the MACD line prints a horizontal trend, implying that the slightest resistance path is sideways. On the other hand, traders should be on the lookout for the MACD’s return into the positive region. Besides, if the MACD line (blue) crosses under the signal line, massive sell orders are likely triggered. Another dip below $30 may not stop at $27 but could extend the bearish leg beneath $20. On the upside, holding the support at the 50 SMA on the 4-hour chart will ensure market stability. Bulls will then have the time to focus on rebuilding the uptrend toward $40. Another bullish signal would be settling above the confluence resistance at $35. Polkadot intraday levels Spot rate: $33.6 Trend: Bearish Volatility: Low Support: 50 SMA on the 4-hour chart, $30 and $27 Resistance: $35 and $40
BITFINEX:DOTUSDShort
by CoinGape
KUSAMA - Chart says 'Good to Buy again!'Hi everyone, Last month we had presented Kusama as one of our picks and we did well. Price has now corrected and technically looks like a good new entry price. Fundamentally you can read about Kusama here , it is Polkadot's Canary Network and given that Polkadot has a limited number of projects/tokens that it can take under it's roof, Kusama will be taking the rest. Tokens will need to bid to get one of Polkadot's spots- that's a clever idea inspired by the Theory of games and the Kusama game is a game I would like to play again today! One Love, the FXPROFESSOR
KRAKEN:KSMUSDLong
by FX_Professor
3
Polkadot (DOTUSDT) LongDOTUSDT consolidating near entry. A strong close above $37.3 will start the pump. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
Long
by cryptotraderog
9
DOT / USDTWhat Is Polkadot (DOT) ? Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other. This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services. The Polkadot protocol connects public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot relay chain (explained further down). Polkadot’s native DOT token serves three clear purposes: providing network governance and operations, and creating parachains (parallel chains) by bonding. Polkadot has four core components: Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; Parachains: independent chains that can have their own tokens and be optimized for specific use cases; Parathread: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; Bridges: allows parachains and parathreads to connect and communicate with external blockchains like Ethereum.
Long
by HolderYoda
DOT is drawing closer to a 31% upswing, eying $50 Polkadot is trading at the apex of a symmetrical triangle pattern ahead of the anticipated liftoff to 50. The resistance at $40 remains the biggest hindrance to the bullish outlook. Polkadot is among the few cryptoassets set to begin the week in the green. Bitcoin surprised many by making a real break above $60,000 over the weekend. DOT is most likely following in its footsteps to achieve another record high. Meanwhile, DOT is trading at the apex of a symmetrical triangle. This pattern highlights a period of consolidation in addition to a potential breakout or breakdown. The symmetrical triangle is formed by two trendlines whereby one connects a series of higher lows and a series of higher lows. A breakout will occur as soon as the price slices through the upper trendline. The move to the north is usually drastic and confirmed by a sudden increase in trading volume. Triangle breakouts have exact targets measure from the pattern’s highest to lowest points. Polkadot is very close to breaking above the upper trendline, where it will launch 31% higher to a new all-time high. The anticipated upswing will be reinforced if the MACD sustains the cross above the signal line. Moreover, the indicator should stay within the positive region to secure the bullish impulse. Note that the bullish outlook will fail to hold if Polkadot upside is continually limited under the upper trendline, and by association, the seller congestion at $40. On the downside, the 50 Simple Moving Average is in line to offer support. Massive losses eyeing levels under $25 will come into the picture in the symmetrical triangle breakdown.
KRAKEN:DOTUSDLong
by CoinGape
2