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Polkadotusd

DOTUSD, BTC movement shows confidence for DOT despite bearsIt has been an interesting 48 hours as DOT has bounced off a hard $6 sell cap. Once those orders were filled, it crept to a few cents above $6, but did not take off. I think this may have been due to several reasons, but I think there were a few causal factors. 1) XRP is stealing the limelight with an outstanding curve 2) BTC (KRACKEN:XBTUSD) had shown little interest in continuing the climb 3) DOT is an immature coin with a highly speculative future The fomo is hitting hard right now and we are seeing exaggerated bear traps across the board. I do not think those are a factor, YET. But we still need to be cognizant of the possibility of crowd mentality. Trading is some parts about math and most parts about psychology. So, looking forward to the next 6 hours, I think there is a good case for DOTUSD to climb past the previous high and clear the $6 mark. If we have enough momentum to continue past $6, we will see a sharp climb within the previous channel. Channel within a channel We've developed a secondary channel that is much more narrow as indicated by the cyan line. IF we have the momentum to break out of this channel, we can analyze our Fib graphs to see possible sell points. Don't let the bears win As we saw the fall off and sudden knee-jerk sell off, it is not supported by the 1D and 4H charts. The orange dotted bottom trend line has been on my chart for a few days now and has not been altered. I think it's important not to adjust it so we can keep track of the grumpy bears and wait for the bull traders to boost us back up to a positive rate of climb (gear up!). Upward Momentum The upward momentum is still existent in BTC, so as long as the market cap keeps growing, we can expect the market price to continue as well. Stagnation and bear traps mean that a sharp rise can occur at any time to correct in positive direction as well. Bummer Bear's Bottom Breakout Boo-hoo If the bears win tonight and stagnate the price action outside of the channel, then everything is null and void. We will reform in a parallel channel. There is no indication or reason for price action to be stuck where its at other than manipulation or bad sentiment. Good luck and much prosperity!
KRAKEN:DOTUSDLong
by popopig
Polkadot on his way backit's always very difficult to analyse new coins because more we can back in the past, more it's easy to find supports and resistances. Dot is still performing a good come back as you can see by his multiple bounces on a forming uptrend Line. Like always the King is controling those coins by his dominance so you always have to check BTC before entering a trade and exit fast if a dip happens. Simple Targets : - TP1 4.80$ (38.2% retrace) - TP2 5.50$ (61.8% retrace) - Strongest Resistance Stop Loss : 3.90$ Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
2
Crypto Polkadot DOT/USD View on Polkadot DOT/USD (19 Oct 2020) This is one of the promising coin/crypto in the Cryptosphere. I expect it shall resume it's Bullish trend soon. As long as $3.5 region is support well, it will break its down trend line and breaks up soon to $4.5 to $5.3 region. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Long
by SonicDeejay
4
Polkadot a bullish setupHey friends hope you are well and welcome the new update on Polkadot (DOT). On daily chart the price action of DOT is moving in a down channel and making a powerful attempt for the breakout the resistance of this channel. On the small time period 4-hour chart the price action has broken out all simple moving averages with the time period of 25, 50 and 100. Now I would like to draw your attentions towards a powerful bullish move of the Polkadot coin that it has formed bullish Gartley pattern in US dollar market and the Bitcoin markets as well. The patterns and targets are as below: Polkadot with US Dollar pair Gartley move: The priceline of Polkadot (DOT) with USDT pair has formed bullish Gartley on the 2 day chart. The targets as per Fibonacci sequence of Gartley are: Potential reversal or buying zone: $3.85 to $3.03 (this is stop loss as well) Fibonacci projection or sell zone: $4.49 to $6.04 Polkadot with Bitcoin pair Gartley move: The priceline of Polkadot (DOT) with Bitcoin pair has formed bullish Gartley same as like with US Dollar pair on the 2 day chart. The targets as per Fibonacci sequence of Gartley are: Potential reversal or buying zone: 0.00037629 to 0.00031935 btc Fibonacci projection or sell zone: 0.00042099 to 0.00052901 btc Conclusion: The price action of Polkadot is showing very positive gesture as it has broken out all SMAs with time period of 25, 50 and 100 on 4-hour chart and likely to breakout the resistance of the channel soon. However, we should use the potential reversal zone as stop loss because if this PRZ level will be broken down then the price action of DOT may move more down for the completion of Butterfly move.
Long
by moon333
1
~ BeaRisH DOTFrom an exclusively bearish connotation, if DOT fails to break the decending triangular formation, makes it likely to nose dive into the $3.50 price range. In which could, be a great buying opportunity if you missed out on the early pump action it had when Kraken and Binance listed it. Moreover, if that does come to fruition, DOT will heavy resemble LINK in its over 50% decline. But fundamentally, DOT is highly rated, and this bearish trend is to to shake out the weak hands. Cheers, My CtyptO SlangEr’s & Hodl Strong!
Short
by AB_Trading-Intelligence
DOT.USDT (Y20.P4.E2.v2).Nice trend.Looking for next entryHi All *** Note that this is a continuation of the previous post, link provided below *** With a good prospect of potentially having higher BTC price and dominance (or pause at the 10800 range for another consolidation) will give the ALTs a opportunity to create a bull flag or reversal formation. With dot, in the short term, downward pressure. Hence I'm watching this space with DOT and using the RSI to give clues as to what is next. FYI, I have BTC dominance still with upward pressure. Meaning either BTC goes to the 11,150 mark or BTC drops to retest 10600. I'm leaning towards up. Note the BTC and SP500 chart. ****************************************************************************************************************** BTC Dominance chart ****************************************************************************************************************** BTC left and SP500 right chart ****************************************************************************************************************** 2 HRLY chart, potential formation ************************************** ****************************************************************************************************************** Please give me a tick or like for this post. Regards, S.SAri ****************************************************************************************************************** PREVIOUS POST
Long
by ssari
2