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Polkadotusd

Polkadot goes ballistic soaring 40% as technical levels improve Polkadot rises above the crypto horizon with gains almost hitting $12. DOT trading volume soars massively but coupled with overbought conditions hint at an imminent reversal. Polkadot has been teasing a breakout since the beginning of the week and after the slump in prices across the cryptocurrency market on Monday. The token embraced support at $7, which allowed a rebound within the confines of a descending parallel channel. The ultimate test came at the channel’s upper boundary where DOT swung massively upwards. The 50 Simple Moving Average on the 4-hour chart did little to stop the momentum. Polkadot swung upwards in successive bullish candlesticks, even overshadowing Bitcoin’s recovery above $37,000. Several resistance levels have shattered, including $10 and $11. Polkadot is on the way to breaking above the next hurdle at $12, a move that could see it taken on higher hurdles toward $15. The Relative Strength Index has entered the overbought region, calling for caution among the traders. An asset can continue rallying despite overbought conditions but corrections are very likely and could be drastic. For now, establishing higher support should be a priority to the bulls. Notably, Santiment shows Polkadot’s volume has risen to levels seen at the beginning of the year. A high trading volume is often unsustainable and sometimes interpreted as a bearish signal. In case of a correction, Polkadot is likely to find support at $10 (former resistance). The 50 SMA is in line to provide more anchorage if losses extend toward $9. If push comes to shove, the 100 SMA marginally under $9 and perhaps the descending channel’s upper trendline will come in handy. Polkadot intraday levels Spot rate: $11.52 Relative change: 055 Percentage: 5% Trend: Bullish Volatility: High
BINANCE:DOTUSDLong
by CoinGape
1
$DOT (POLKADOT) STILL CORRECTING. SHORT SETUPHello traders & investors. We have neutral ground play on this 2H chart. RSI is between 60 - 40 corrective and chopy price action while we are inside of it. We should see a relatively rapid sell - off in next day or two. I'm short from $10.18. Will flip to long term longs at $8.33. Also adding to spot there. Once we lose that $9.7 level - longs will get rekt pretty quickly. Will post simmilar Idea that I see on other alt soon! Enjoy the ride, let's make money. This is not a financial advice!
Short
by Patrikas10
DOT 12h Once again up or enough?)Honestly, the rapid growth of DOTUSDT surprised even us) It took less than a week for the previous idea to work out for all targets and make +60%. And now an interesting situation emerges, because the aggression of purchases does not fade , you can look for the purpose of fixing longs above. If you are the lucky one who still holds the DOT long, then the top target for fixing the DOTUSD long is $12.20-12.50 . But don't forget to keep a short stop, don't give your profit to the market. If you want to move in long +/- with the current price, then you have to calculate your risk on the trade and stop on the deposit so that it was a little below $8.6. It is with this mark that someone is now actively buying DOT, leaving big shadows on the chart. Fixing the price below this mark will mean that DOT is sold out and no one will drive the price up. Accordingly, we will have nothing to do in the DOTUSDT long and wait in the drawdowns. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
12
Polkadot 10$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 !
KRAKEN:DOTUSDLong
by thecryer
9
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.
Long
by moon333
1