DOTUSD - High risk.Red line- major resistance
blue line support (low target if short)
W pattern shown
Green line high target if long and maybe a higher move from there.
I've noticed high demand for dot tokens and no supply, but its not just dot. In matter of fact almost everycrypto is on low supply high demand , yet prices of these alts are not moving,my guess is people placed their orders above or below certain price leves , thus not affecting the market price yet also probably because BTC faced the prehistorical 2013 resistance support line around 60k(still resistance for now) , which should be now around 65k.
almost every crypto right now has bullish signs , W patterns, Inversed H and S yet nothing is really moving - the reason in my opinion is -
people margined their positions- talking about min 10x margin of their capital on a asset, with that being some of them shorting it - supplying the market thus price goes down or the opposite- they bought and have put a high order above the resistance line so that they can get a more clear less risk profit .
(the no supply idea came to me yesterday, because alot of cryptos when trying to margin either long or short you would get a pop out message - try again later no dots right now (for example) .
My position is neutral i will wait for confirmation and see.
I also think this simple chart applies to most cryptos .
not financial advice just bananas ktnxbye.
Polkadotusd
DOTUSDT - Play for the next few daysHi guys,
This is my first technical analysis take on the DOTUSDT chart.
As you can see we are moving up inside an ascending upward channel and the strength is clearly showing upwards movement in the coming days especially while BTC stays above $50,000.
We are moving up to test the previous ATH and will retest the $42.2 area before taking a break and possibly some accumulation. Another push towards the upside is most likely to see the previous ATH getting broken and price moving upto $43.5-$44 area after which we might some further downside towards $36.5-$38 which will retest the lower band of the ascending channel. After testing support we are most likely to see upside movement on DOT to go up and create new ATH in the coming days.
Areas to watch:
- $46
- $50
- $55
Ofcourse this is just my take and personal opinion on the price movement and should not be considered as financial advice.
Please let me know what you guys think in the comments below.
Thanks for reading
Cryptothropist
Polkadot Buy Signal triggered Ema crossover SMA New ATHsPolkadot Buy Signal from Script triggered Ema crossover SMA
*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.
[35%] DOT / USDT (LONG)Analysis :
- Hidden bullish divergence (MACD)
- RSI EMA : buy signal
- Breakout triangle
- Wait confirmation MACD
MC :
What 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.
DOT/USDT 1. That yellow line corresponds to the possibility that the bitcoin correction is over and we're going for a new ATH
2. If btc changed his mind and continued the correction, we would have 3 more waves in wave C waiting for us at DOT.
For me, I like the second option more because DOT is an interesting project and so there would be better prices for the purchase. We would also thicken these zones more, which could act as stronger supports in the future. We still have enough days left in the month, we will see how the market decides, in any case the second option would be more advantageous in the long run :chart_with_upwards_trend:
Polkadot (Dot) at Buy Zone 2@ 38.20% Fibs 34% Gain back to ATHUse the Buy Zone area to map your entries, Zone 1 at the 23.6% level and Zone 2 at 38.2% Fibonacci level. 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.
*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.
DOTUSD aiming at $78.000Pattern: Channel Up on 1D.
Signal: Buy as the 1D MA20 (green trend-line) is holding and has been a rebound level throuout the whole 2021. Also the RSI is on its own Support Zone.
Target: 78.000 (the -0.5 Fibonacci extension and Higher High trend-line of the Channel).
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Polkadot (Dot) Consolidating into Buy Zone 2Polkadot (Dot) Consolidating into Buy Zone 2 before the next push phase.
*update of March 03 2021 Chart*
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.
Polkadot Buy Signal from Script triggered Ema crossover SMAPolkadot (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 $50.
Polkadot buy a break setup.DOTUSDT - Intraday - We look to Buy a break of 37.37 (stop at 36.06)
A break of yesterdays high would confirm bullish momentum.
Price action has formed a bullish ascending triangle formation.
Pivot resistance is at 42.28.
We look for gains to be extended today.
Short term bias has turned positive.
Risk/reward is ample to call a buy trade.
Our profit targets will be 41.21 and 44.28
Resistance: 37.00 / 40.00 / 42.28
Support: 35.00 / 33.30 / 30.00
DOT nice breakout (original signal included)DOT / USDT
my lovely coin had a Potential breakout and retest in small time frames
We already bought it early (few hours ago) at 32-33$ and hit my TP1 (35$)
If the support hold it can continue hit rest of targets
You can check my original signal below
Make your own analysis before buy or sell
Best wishes 🙏
Update Polkadot Buy Opportunity 68% Gain From Current PricePolkadot (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.
Buy Opportunity Polkadot to set New ATH $50 Mid-late MarchPolkadot (Dot) Buy opportunity! Potential 50%+ 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 (50% Gain from current price levels) as the bulls target the next resistance at $50.
DOT Buy a break.DOTUSDT - Intraday - We look to Buy a break of 35.22 (stop at 33.68)
Daily signals are bullish.
A break of bespoke resistance at 35.00, and the move higher is already underway.
Our bias remains bullish and further upside is expected to target resistance at 40.00.
Dips continue to attract buyers.
Our profit targets will be 39.86 and 41.88
Resistance: 35.00 / 38.00 / 40.00
Support: 33.30 / 30.00 / 29.00
PolkaDot TradeI open a buy order on this continuation figure, the trend allows me to keep a fairly large stop loss at about -30% below $ 15; Excellent R / R over the medium term.
The MACD below slightly lags the possibility that the trend will continue to rise.
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12U6rzz5JFXunUasYWxivgrQGMdZsbn3S2cr33FvcJytBcDo
[20%] DOT / USDT (LONG)Analysis :
- We still in the canal
- The resistance of the triangle can be break (up) or we go to the canal support
- first target 46.5$ - 47.5$ : 20%
- second target 50$ : 28.5%
- third target 54$ : 37.8%
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).
KSM Kusama -Japanese madness 🗾🗻🗾The Kusama network is Polkadot's experimental, community-focused R&D network. If you held the DOT indicator token at the time of the genesis block of Kusama, you are entitled to claim an equivalent amount of KSM on the Kusama network.
As stated on Google, 'Kusama is a scalable multi-chain network for radical innovation and early stage Polkadot deployments. Expect Chaos. No promises' .
With competition like this, Ethereum and CArdano will need to be on top of their games to win the race.
PS. They certainly do not luck in blockchain knowhow nor creativity 👈😹