Polkadot going strong!! 12 days of white candles in a row!Morning Folks,
Here is Polkadot/ Usdt.
This one is going strong.. we see a strong uptrend in the daily and 4 hour chart
The daily chart shows us 12 days of consecutive bullishness.. in a row!! Wow that's massive.
The 4 hour chart tells us we are In constructing the 5th of the Elliot impulse waves. Count the waves + the sub waves.
The question is where will it end?
I see it possible to end somewhere between $25/26.-
There is only 1 but!!
Check the RSI. is showing some kind of divergence..
The RSI isn't making any new highs while the price is making new highs.. That's divergence and that is something to be careful for.
It could mean we have reached the top and that the 5th wave of the Elliot is ended here and we are ready to decline In price.
Otherwise we will make higher highs with the price and we tend to neglect the RSI..
Lesson 1 in trading ; Always go with the trend. The trend is your friend. Well that trend is definitely up!!
Polkadotusd
Polkadot to 100$Making it Quick,
if BTC starts now his second BulllRun impulse, Altcoins will follow the King exponentially.
Polkadot fell down to his Bottom 10$ and potentially could make 10X to a new ATH.
This is the moment where you make the money comes in.
Remember to manage your invest on the Run like you did manage your invests on the last Dip.
Gains should be taken Partially and never go all in for Security.
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Trading Parts :
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- Security TP : 40$
- TP1 : 50$ ATH (April 2020)
- TP2 : 75$ ( Fibo 61.8)
- TP3 : 88$-100$
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Happy Tr4Ding !
[UPDATE DOT] POLKADOT - The last dump, then all clean until 200$Here we go.
Perfect support of Polkadot:
- Re-tested resistance of Jan
- Hit long term support trendline since Aug 2020
- Hit the end of a super impressive falling wedge
Can't go down 10$.
All time high will be 200$ approx for mid 2022.
Polkadot Buy Signal from Script triggered: EMA Crossover SMAConfirmed 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: $25, $34, $49 & Swing @ $60. 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 BEAR TRAP??Folks,
Are we are about to test the trend line again?
We see the support line in the momentum oscillator is about to be tested.
The candle of the 1st test of the uptrend line is forming and when you look at the lower shadow of the candle that tells us that for now lower prices are rejected.
The real body of the candle is at the uptrend line.
I personally expect prices to be in a rest zone for now and testing support before rallying up again and try to break resistance..
DOT touch & go I think DOT completed the correction when it has returned to bottom of the long-term trend line at $10.5. The bounce was followed by increased volume which is indicator buyers took over control. RSI is stepping up and has moved beyond 50 level. Chart is looking good and every price that is close to support trendline (red line) is good buy (NFA). If Bitcoin stay stable and continue to rally, DOT should move up in price as well and return to ATH and beyond.
On a Weekly time frame DOT closed as bullish hammer which is very positive sign. Over the weekend monthly candle will be formed which will be important indicator for future price development.
Polkadot Macro AnalysisDOT is currently ending a zigzag correction (5-3-5), I think we are about to finish wave C of a larger ABC correction. It might consolidate around the 10$ to 15$ levels for a while before making a decisive impulse to the upside. When DOT breaks the steeper red downtrend line it might signal that the correction is over and it will mark the beginning of the new accumulation zone that will start a larger trend reversal.
I'm expecting a new all time high of between 80$ to 130$ in a 6 to 10 month timeframe.
Not financial advice.
PolkaDot AnalysisBoth DOTBTC and DOTUSD are showing signs of a descending broadening wedge
This wedge tends to break up to the upside
This bullish assumption is further emphasized by the possible rounded top on the USD pair, which loves to break upwards once completed
I have thought about longing PolkaDot, but it always goes straight to Ethereum :*(
Not a bad pick though!
DOT ready, good entryPolkadot is one of my favourite cryptocurrency with strong fundamentals. There is a good trade and entry in the pipeline here. DOT just terminated the first impulse wave on the hourly frame. It is currently sitting just below the reflex point, which is strong resistance and a reversal point. Good signs are pointing that the trend reversal is in play... An inverted Head and shoulder have been completed at the bottom. I expect a retracement now to at least the 0.5 of wave 1 ($15), where I will look into entering a trade. If the conditions are not broken, we will see $20 in few days after completing a major inverted head n shoulder on the 4h frame. This will confirm the reversal, and we should sit on a nice spot for the next bull run. In the short term, this will be a 35% trade. However, there are different target where I will TP ($16.8, $18, $20) each in different percentages.
Just a quick reminder, this is an educational post. It is not intended as financial advice, always DYOR.
POLKADOT Massively Undervalued vs ETHAfter the big surge in DOT since early 2021, DOT moved all the way down to test the absolute bottom vs ETH since its launch.
Expecting this lower range to be the bottom and a trend reversal in the coming weeks.
There's bullish divergence in the RSI and MACD.
Parachain auctions will be launching for DOT in the coming weeks, this will also highly increase the demand for the coin.
This is not financial advise, it's just to keep track of my own trading.
KSM Forecast Update Idea!Hello my friends
Welcome to this analysis about KSM / TetherUS forecast update,
We are looking at the 4-Hr time frame perspectives. I assume the upward channel as you may see and the programs KSM is scheduling during near future. let's cross fingers ......
KSM Parachain Auction Schedule per below:
2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed.
2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences.
2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences.
2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences.
2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences.
Technicals
1) There's Hidden Bullish Divergence on the 4H chart of KSM - Price has made a higher low while the RSI oscillator is making a lower low.
2) Daily MACD has a bullish cross
3) Daily EMA ribbons are all bullishly crossed (not many cryptos have even a single daily EMA bullish cross)
-This is looking ripe for an ATH high to be made in the next few days - I've made an illustrative path the price could take to end of June - don't take it as verbatim. Anything can happen!
In this manner, thank you for your time to take a look at this!
Polkadot Potential Wycoff AccumulationWycoff Accumulation is something I spent the last few days reading about since I keep seeing everyone talk about it. While I don't necessarily believe this trend will last this long - the market has been very stale and there is still a lot of fear.
This model does follow the narrative of corporate accumulation as well. Tesla is very innovative and I'm assuming they have a board that is the same, these other dinosaur companies don't. It takes months or years to get moves improved, but I'm expecting other companies will follow. The spike in price in July also follows Polkadot's parachain auction.
While I want this to be a quick correction - the price collapsed so quick that most big/new investors probably want to wait for a confirmed bottom especially with the history of crypto. You don't get rich from FOMO - they aren't rushing in.
I tried to match the model as best as I could, but realistically the model doesn't need to be exact to be right, and yes this is the Polkadot futures chart which isn't the best indicator of the market by any means. March to mid-May the charts bouncing in a price discovery zone after running up for 3 months, it's not unreasonable to assume support will be tested the next 4 months.
This could be completely wrong as well, there are other things going on in the chart as well, just wanted to give a conservative possibility.
DOT goes ballistic, launching toward $28Polkadot becomes of the most improved crypto assets in the top ten. The token rallied in tandem with Bitcoin's recovery from $31,000 to $37,000. Support at $20 played a key role, ensuring that DOT did not explore lower price levels.
Meanwhile, most cryptocurrencies are in green on Thursday toward the end of the Asian session. Similarly, Polkadot trades at $24 following double-digit gains of over 14%, accrued in the last 24 hours.
Polkadot uptrend seems intact
Polkadot has lifted above two critical levels, the 100 Simple Moving Average (SMA) and the 50 SMA. These are significant milestones within this recovery mission. Note that a four-hour close above these levels would validate the upswing to the next critical level at $28.
The Moving Average Convergence Divergence (MACD) indicator adds weight to the bulls' ability to take down the seller congestion at $28 and perhaps catapult DOT beyond $30. The MACD is a momentum indicator; it also follows the trend of an asset. Both sell and buy signals are usually expected from this technical indicator.
Realize that the MACD line crossing above the signal line, as illustrated on the chart, is a bullish signal. The MACD line dropping beneath the same signal line is a call to sell on the flip side. Moreover, a break into the positive region (areas above the zero line) is another bullish signal.
The Relative Strength Index (RSI) cements the bulls' presence in the market. This indicator tracks the trend of an asset and measures its momentum. Note that a sharp movement toward the overbought region shows the aggressiveness of the bulls.
The RSI also identifies when an asset is overbought or oversold. Therefore, as the indicator hits the overbought region, investors should tread cautiously to avoid being caught unawares by a correction.
Polkadot intraday levels
Spot rate: $24
Trend: Bullish
Volatility: Low
Resistance: $28 and $34
Support: $20 and $14.5
Polkadot (DOTUSDT) bullish inverse head and shoulders!DOTUSDT is testing the neckline of the inverse head and shoulders pattern at $22. Bitcoin has already broken out of the inverse head and shoulders , so lets see if Polkadot can follow. A break above $22 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.
As always, I’m not a financial advisor, do your own research, and stay safe!
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DOT, Polkadot - we can break downtrend line👀The price touched the downtrend line 5 times. Now we're trying to break it. The best pattern to buy I see in one case: we'll break local key level and make retest. Set an alert and wait. Only with stop-loss.
Write in the comments all your questions and instrument 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