Dot heating up the engines for Upvember?DOT makes a new ATH and currently in price exploration. Daily RSI is not even in overbought territory and momentum is upwards. On the 4h DOT has a nice close above $50 resistance, turning support. With the parachain auctions coming up Polkadot is just heating up for November imo.
Polkadotusd
DOT could take a Breather Above $46 Hitting New ATH
The Polkadot price has risen 14% over the last 24 hours as DOT hit a new all-time high at $50.87.
The Polkadot network moves toward increased functionality as parachains loom.
The Polkadot price rallied approximately 24% on Monday to register a new record high at $50.87, rising above the $49.35 May record high.
Increasing functionality of the Polkadot blockchain network provides the hind wind propelling the DOT bullish run.
Parity technologies, the company behind Polkadot announced that “parachains” were coming to the network on October 13. Parachains (parallel blockchains) refer to full blockchains that will be incorporated into the Polkadot blockchain network to aid in validating and securing transactions. Polkadot's aim is to increase the interoperability of blockchain networks hence becoming the blockchain for blockchains. This will make the Polkadot network a layer-zero protocol.
After the announcement, the demand for Polkadot increased as both the DOT price and trading volumes skyrocketed. However, prior to yesterday, the price was held in a tight price range between $40 and $45.
Polkadot Price Rallies 14% To Set New Record High s
DOT price bounced off the demand zone (green band) at $40.56 at the end of the weekend as illustrated by the long lower wick on Sunday’s candlestick. This is an indication that investors were getting in on the dips.
This bolstered the DOT bulls on Monday who have pushed the Polkadot price 14% upwards over the last 24 hours. A rally that saw the asset hit a new record high at $50.87.
The bears, however, are determined to pull the DOT price down. If Polkadot turns down from the current price around $48.56 it will find support at the $46.30 level.
Therefore, expect DOT to take a breather at the end of the supply zone at $46.30 after which a resumption of the upward movement to new record highs above $50 will be the next logical move.
On the downside, a slip below the $46.30 level could see the Polkadot price drop to tag the 50-day SMA at $36.76.
DOT, 60, 100 or 180❓❓❓I have un-stake my DOTs and ready for TP, The end of this bull cycle is near.. December or maybe January.
PolkaDot is one of my favorite coins, I believe it has very strong fundamental back-up and it will be an important part of crypto future.
The TA is simple by combining some different Fibonacci in normal and logarithmic chart I came to this analysis, that you can see on the chart.
Don't forget to hit the like button if you like this analysis and feel free to ask me your questions or your ideas in comment section ;)
Highly anticipated Polkadot Parachains auction is bullishHello everyone,
It's been a while, i've been very busy with The OWL channel. Here is a DOTUSDT chart. Polkadot is looking good, KDJ is green on every timeframes and DOT keep creating higher high..
Resistance to watch :
0.9 at 44.58$
1.23 at 57.06$
Going over 57$ and confirming 57$ new support can trigger another swing to :
161.8% = 68.55$
175% = 72.30
200% = 79.41
261.8% = 96.99$
Last 2 weeks candle push us over the last tweezer top resistance (green dots lines).. Now not much resistance left until last ATH and the 1.23 fib.
Parachain Auction will start soon for Polkadot... first auction is slated to begin on Nov. 11.
Which you the best ! Crypto Mercy
Polkadot ready for a swing to 68$It's been a while, i've been very busy with The OWL channel. Here is a DOTUSDT chart. Polkadot is looking good, KDJ is turning and the RSI is responding, no divergence on the last higher high.. We are now very near a new ATH...
What to watch : Resistance 1.23 at 57$
Going over 57$ and confirming 57$ new support can trigger another swing to :
161.8% = 68.55$
175% = 72.30
200% = 79.41
261.8% = 96.99$
Last 2 weeks candle push us over the last tweezer top resistance (green dots lines).. Now not much resistance left until last ATH and the 1.23 fib.
Which you the best ! Crypto Mercy
DOT TrendPolkadot price is going through full-size resistance as it sits interior a supply region. Clearing this barrier will open the course for DOT to retest its all-time high and set a new one.
Polkadot price is presently consolidating inside the $40.06 to $48.34 supply sector.
DOT would possibly dip to the $37.50 support floor from wherein it could catalyze a 65% bull run.
A decisive close under $33.27 will invalidate the bullish thesis.
MY MINIMALIST ANALYSIS FOR POLKADOT$DOT
10.23.21
116H +8 SINGAPORE
ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE
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It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS.
Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs.
This CHART is best used without indicators. The MINOR and MAJOR BOXES (TOPs and BOTTOMs), together with
the market's price action and the above mentioned is sufficient enough as analysis when ENTERING AND EXITING TRADES.
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DISCLAIMER:
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Polka Dot divergence and Fractals So I am looking at this daily....
They had 25 days of price growth with a downward trend of RSI: Causing a 35% pull back
Naw we see a solid recovery but it looks like the same thing is playing out on a smaller scale?
Coould we see RSI tend down while price goes up?
Could the pull back be at the prior ATH resistance of just shy of $50?
Ill watch it and update it..
I am always sus on shorting in the bull market...if I do it for 5 or 10% swings. because it could spike hardcore upwards on a dime.
But also with the release or Parachains and ecosystem growth...I could see Dot do 300 easy this bull run.
Polkadot Price AnalysisDOT is trading within a tight range after bouncing off the psychological level of 40 earlier in the week. On Wednesday, the altcoin has been on a rebound for two consecutive sessions. Subsequently, it hit an intraday high of 45.53 on Thursday before pulling back. On a three-hour chart, it is trading above the 25 and 50-day exponential moving averages.
In the immediate term, I expect the crypto to trade within the horizontal channel of between Thursday’s high of 45.53 and along the 25-day EMA at 42.65. Above the channel’s upper border, the bulls will strive to retest the year’s high of 49.75. On the flip side, a move below the lower border will likely have the bears retesting the support zone of 40.00.
Feel free to get in touch for premium trade signals
Polkadot Update: 11% away from ATH next Target $73 @ 161.80%Polkadot Update 20/10/21: 11% away from ATH @ $49.45, the next Target $73 @ 161.80% Fibs. Happy Trading
Polkadot Update 19/10/21: Bullish Bias still holds! Please See Previous analysis below. Buy Signal from Script triggered on the 1st August: Fast EMA Crossover Slow SMA .
Confirmed reversal, Polkadot Buy Signal from Script triggered: EMA Crossover SMA just below the 23.60% fibonacci level, 43% gain from here to retest the 200 MA. Use buy zone to map your buys. Swing target from here is 160% gain from $18.92 to $49.75.
Current Price Targets: 20/10/21
127.20% Fibs @ $60.08 (35% Gain from current price level)
161.80% Fibs @ $73.59 (66% Gain from current price level)
261.80% Fubs @ $112.66 (155% Gain from current price level)
Happy Trading :)
See previous analysis below.
Polkadot (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 .
Polkadot Update: Buy Signal Script triggered: 45% Gain to $60Polkadot Update 19/10/21: Bullish Bias still holds! Please See Previous analysis below. Buy Signal from Script triggered on the 1st August: Fast EMA Crossover Slow SMA.
Confirmed reversal, Polkadot Buy Signal from Script triggered: EMA Crossover SMA just below the 23.60% fibonacci level, 43% gain from here to retest the 200 MA. Use buy zone to map your buys. Swing target from here is 160% gain from $18.92 to $49.75.
Current Price Targets:
127.20% Fibs @ $60.08 (45% Gain from current price level)
161.80% Fibs @ $73.59 (78% Gain from current price level)
261.80% Fubs @ $112.66 (173% Gain from current price level)
Happy Trading :)
See previous analysis below.
Polkadot (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 .
DOT TRENDIt’s natural to be hunting for appealing investments inside the altcoin market right now. Once market leader Bitcoin scales to a new ATH, alts might be waiting in the wings for a rally in their very own. Now Polkadot makes a robust argument that its anticipated leap could come sooner than most of its peers, attributable to bullish market conditions.
(DOT) POLKADOT - Cup and HandleHello everyone !
Today the Black Cat Trader is analyzing DOT based on a weekly chart.
What we can see :
- A nice Cup and Handle pattern has been printed on the weekly chart. We can see that prices recently broke the neckline at 37.80 $
- Using the pitchfork (low : 3,60 high : 49,78 Low : 10,37) we can see that prices are stuck between the median line and the intermediary lower line of the pitchfork.
What we can expect :
- The ideal scenario would be for prices to make a pullback on the neckline of the C&H pattern at approximately 36,50$ and then take off to go even higher. You can see that the expected pullback area is located exactly where the intermediary lower line of the pitchfork is.
- Using the trend-based fib extension we can mathematically expect prices to reach two targets that match with our C&H objective too (208,25$).
Take profit 1 : 85$ (1.618)
Take profit 2 : 131$ (2.618)
Take profit 3 : 177$ (3.618)
Take profit 4 : 208 $ (C&H objective)
Support 1 : Neckline of the C&H / Intermediary lower line of the PF
Support 2 : Mid-term ascending trendline
Support 3 : Lower line of the PF
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Polkadot daily chartToday I took a look at the Polkadot chart. And as usual I first looked at daily chart. And what I found? There is a huge resistance at approximately 38-39$. So far, DOT has had a lot of trouble breaking through that resistance. However, when will DOT successfully breake this resistance, I expect explosive growth. Especially in anticipation of the upcoming parachain auctions. I expect at least 100$ DOT.
DOT breakoutDOT broke out of our triangle pattern that has been forming since late august. We can see a strong bullish candle just tapping the most recent resistance level. If it closes above I will consider that a strong entry point.
We can also see the 50MA curling up and looking like it's about to form a golden cross. Volume seems to be increasing as well although there is room for improvement on that front.