DOT/USD Bullish Double Bottom -Double Bottom
-Bullish Trend.
-Potential to reach $60???
-What you guys thinkin?
Polkadotusd
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
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.
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.
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 $100: more volume.
For the moment, we stay in accumulation phase, whales and institutions continue to fill their bags. But the leg up to a new ATH is imminent 🚀
Polkadot +50% in next days in that case ...$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
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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
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
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.
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.
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.
POLKADOT (DOTUSDT/DOTBTC) Potential Long Entry 2021/03/11Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $35.5-36.5 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
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.
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.
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.
at least 3% in next 30mins if BTC continues even slight upsideat least to the resistance of the bigger wedge. breakout if btc continues to rally. see my other ideas for DOT's longer-term wedge.
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:
Is this Polkadot's Mar 4 - 10 future? Is this what we can expect from DOTUSD over the next 5-7 days? Would love some feedback!
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.
