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Polkadotusdt

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..
by MoneyMakingMuro
1
POLKADOT WAIT !!!!!!! Hi Folks, Wow as Technical Analysis can be really fascinating and it really is. We have it here. You know the saying; follow your gut? Well are you ready to check it... Polkadot as much as I have trust in this asset and protocol we have to look to the Technicals to see what it is saying to us.. So let's start; Trend? Uptrend we have. We are battling resistance line now at the moment of writing. Candlestick is forming a nice white candle but it hasn't closed yet. Check te Downtrend line from Mid May till now. We are reaching a point, that is crucial, to try to break this downtrend line. But What I would love to see is when a asset reaches a crucial point like this on, it comes with momentum and a lot of volume. But unfortunately I don't see it. Be Aware. Then the RSI can't break through a resistance line neither same as with momentum.. But the positive side is at the 4 hour chart we see the crossing of the 50 day ma with the 200 day ma. That is named a Golden Cross. But we see the Elliot Wave Theory. Is it already the 5th wave? Place this in context with the trend line and the resistance lines... What do you conclude? My advice stick to the chart closely and watch how it unfolds and be ready to take action immediately..
by MoneyMakingMuro
6
POLKADOT ECOSYSTEM WHAT'S WRONG?Goooooooooodmorning Folks, As I am a believer in the Polkadot ecosystem and I have positions in this beautiful asset I will give my opinion here on the USDT chart. What I see on the Daily chart for the price coming closer to resistance is not how you would like to see the price action fighting resistance.. Small real bodies with wicks on both sides not with a lot of volume.. As yet prices rise that is positive but yet we have to be aware.. So I always look closer in to the 4 hour chart. Because I have the personal feeling of this chart giving me more information about short term/longer term trends. i.e of hours among day... What I see on the 4 hour chart is the uptrend line being test several times.. and it holds the test. also with determination in the sense of this long lower shadows imply for rejecting of lower prices. That is positive. We clearly making us self ready to fight resistance level again. It has failed to penetrate it 2 times earlier. If we break resistance next price level will be around $16.50.- to test that level. If we don't break resistance there is a likelihood for prices to fall back to $14/$13.5.- If that doesn't hold we fall back even lower to price level around $13.- But be positive because the overall trend last days is up and you know the trend is your friend LOL.
Long
by MoneyMakingMuro
4
Time to step in.. Polkadot/USDTHi Folks, I always say when you take a position in a trade and you know why you took that position than it is a good trade. Even if it works out the other way. That is always a probability.. On the daily chart Polkadot/USDT is very bullish.... The Bullish Engulfing pattern has been confirmed strongly in a low price area.. The RSI is around 40/42.. and the price is moving on the downside of the Bollinger Bands. These 3 indicators and price action confirms it is time to get in at the trade as I did at $13.18.- Target price is at $17.00.-/$17.50.- 1st support is at the half of the Engulfing pattern (Steve Nison Techniques) 2nd support at the low of the Engulfing pattern 3rd support also critical support is at the end of the shadow of the black candle Happy trade.. and remember even if the technicals are all pointing your way it still can go the other way. That's trading..
Long
by MoneyMakingMuro
Polkadot Macro AnalysisDOT is currently ending a zigzag correction (5-3-5), I think we are about to finish wave C of a larger ABC correction. It might consolidate around the 10$ 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.
KRAKEN:DOTUSD
by Stricken
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.
Long
by Stricken
1
DOT, Polkadot - I'll open a position ONLY after this scenario⚡️Big chance to continue down. But, I think, the better pattern for it - squeezing near to 14.975. And only after that breakout. If we do it without it, I'll not trade this breakout. 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
by Yuriy_Bishko
7
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.
by QuadCitiesCrypto
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
BINANCE:DOTUSDLong
by CoinGape
4