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Polkadotusd

POLKADOT(DOTUSDT) SHORT TO $8-$9 POLKADOT(DOTUSDT) is going through an A-B-C correction. The correction looks like a Zig-zag correction which is a 5-3-5 wave design Wave A - Went from $49 to $10.6 Wave B - Went from $10.6 to $55 Wave C - it's a 5 wave series and I think it will end up at $8-$9 zone before reversal POLKADOT(DOTUSDT) going to retrace to 88.6% or 94.1% correction TO $8-$9 . We are presently at 78.6% FIB retracement, so the next best points are 88.6% and 94.1% and they are derived by the following formulae: 88.6% price level is derived by squaring (or multiplying by itself) from the Golden Ratio, 0.618: 0.618 x 0.618 = 0.786 (78.6%) 0.786 x 0.786 = 0.886 (88.6%) 0.886 x 0.886 = 0.941 (94.1%) 88.6% retracement price is $9.3 94.1% retracement price is $6.7 I believe POLKADOT(DOTUSDT) will still be shorted and may find the reversal between 88.6% and 94.1% zone because that's also a junction point where retracement of the whole five-wave series and the extension of the A-B-C meet Please like and comment for feedback
Short
by JAN360
2
Still a long way downBe wary of anyone suggesting there will be any type of significant reversal in the short term. DOT has a lot of way down, before a significant shift back up. The daily RSI still shows plenty of room to sell and if we mark the weekly averages (pre crypto boom) it would suggest a price between $7 to $8 per coin on DOT. Without any significant changes, this project will need to continue its downward trend until it humbles itself with where it organically should have grown. It's time to understand the market is beginning to become wise to having been overvalued.
by HoldenTC
3
DOT - the fall could continue, just wait for these scenarios.The support could not hold the price and the DOT broke the key level. This level is now resistance, in case of a retest, there could be a good selling opportunity. Liquidity levels, which could hold the price down, are noted below. False breakout of liquidity levels could be a good buying opportunity. A breakout of the trend line could also be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
3
Polkadot Future is BrightFast update. - Let me be clear on Polkadot, we didn't break any up trend while BTC was dipping. - As you can see on the Graph DOT bounced on his trend (White Line) ( Actually EMA100 / 1D TF). - Acala Network Won first Parachain. - Second Parachain Round just started. - Don't forget that Polkadot huge ecosystem, not same as Solana (Smaller), it will take more time but the long term finality could be impressive. - Unless TheKing not fails Polkadot won't dip more, like most of all altcoins. ----------------------------------------- Trade Plan Unchanged ----------------------------------------- TP1 : 75$ ish TP2 : 100$ ish ----------------------------------------- i will add in comments olders analysis. Stay S4fe and follow the King! Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
15
DOT - in these cases may be a good opportunity to buy!!!In a previous idea, we recommended buying DOT after a breakdown of the trend line. But the breakdown did not happen, the price corrected even more. In doing so, the price corrected 55% from its local high and there were huge liquidations. It's worth noting that there was a huge volume at the bottom on each fall. This is a good signal. In case of a false breakout of the 22$ level or a breakout of the trendline, there could be a good buying opportunity Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
11