Elliot wave Idea on DOT/USDTHere we have an idea of what we have in DOT/USDT, let's see if the pattern keeps the track of the elliot wave structure in the futureLongby AngelFragaFernandez2213
DOTUSD - Possible Scenarios For The Bull MarketThe Polkadot network is still alive. It is a unique L0 platform. It has zealous believers, talented developers, and it WILL have its turn to take center stage and pump like crazy in a continued bull market scenario / alt season. That's all we really need to know as far as fundamentals. Drawing arcs, it's difficult to know exactly what the arc will look like until it's well on it's way up the arc. So I offer here the two most extreme possibilities for what the completed arc will look like. The yellow arc has the most touch points, and is also very bullish with a 6x in 6 months. The black arc has touch points near the bottom, and stretches the ascension to the previous ATH another year. That gives us the possible dates for a new ATH between autumn of 2024 and autumn of 2025. I think a long and volatile bull market lasting deep into 2025 is indeed the most likely macro scenario. It also gives us how to invalidate - if the black arc breaks down, it will be a long time (or never) before we see DOT valued the way it was in the 2021 peak. Holding DOT yields staking rewards and I believe it is a good bet to get some adoption. I'm bullish on this and am adding to my stack. Good Luck.Longby funtimesUpdated 16
(DOT) polkadotdata according to www.crunchbase.com, data measured monthly. It is said, Polkadot is most active in China. by CryptocurrencyBlot2
DOT Still in Down TrendOur good friends Joe and Janet are at the helm of the US economy....would you bet your life on a soft landing...or would you prepare for the USS Economy to run aground soon? If you think the last "W" formation was a sign to ape in...you are mistaken my friend.Shortby TheCoinCowboyUpdated 441
Polkadot 2.0- So i predicted many times that 4.30$ was the bottom. - And i was wrong, Polkadot is still young. - Trading Altcoins is like that, it's really hard to predict a perfect bottom with a new project. - it's much more easy with BTC because TheKing volumes are high and it stays around from many years already. - Remember that Trading is trying to predict the future by looking at the past, more you have data from past, more the job is easier. ------------------------------------------------------------------------------------------------------------- - A bit FA here : ------------------------------------------------------------------------------------------------------------- - Polkadot did the same as Cardano's first bullrun, it went back to the start. ( i will post a Cardano Charts in comments ) - Actually it's not a sign of weakness, but an opportunity. - Polkadot didn't make noise just because they want to build steady following some SEC rules. - Now if you follow the news, you can find that Cardano, Polygon and Near Protocol are building on Polkadot's SDK, DYOR it more to get some more informations. - With time Polkadot could be the mother of all blockchains connections and interoperability. - Remember what they had to do with ETH when problems came around, they forked it for ETC ( Ethereum Classic ). - Polkadot doesn't need any FORKs, everything can be changed by votes in the governance. - The difference between DOT and ETH is very simple. - Polkadot is scalable, Ethereum is not. ------------------------------------------------------------------------------------------------------------- - Trading Parts : ------------------------------------------------------------------------------------------------------------- - So Right now look at the graphic. - DOT made a bottom around 3.60$. The exact same bottom it did in 2020. - DOT is actually staying near a demand zone (6$). - i do not recommend to buy now but wait for a retracement or a breakout from this area. - To get peace of mind i would buy DOT after 8$, after that zone, it's a free fly! ------------------------------------------------------------------------------------------------------------- My predictions on DOT for the next bullrun are unchanged : ------------------------------------------------------------------------------------------------------------- - Security TP : 85$ ish - Middle TP : 140$ ish - Max ATH : 220$ ish ------------------------------------------------------------------------------------------------------------- - if you missed to become a Whale with ETH in 2016. - Here yours second chance with Polkadot. - Stay S4fe Happy Tr4Ding ! Longby thecryerUpdated 4848126
DOT - Polkadot's Last Hope...Polkadot is facing a huge challenge during the current frustrating sell-off. As long as it's still above $3.57 I believe there's a chance for a massive bullish run with a bullish confirmation above $7.77 The final stop-loss or cancelation of the idea is below $3.57Longby MohamedSewid7
Polkadot - Bullish CampaignMassive support is coming in at $5.12. Both short and long-term cycles are aligned and strongly pointing out for a potential upside reversal. We are diving in head first, targeting the resistance key=levels of 6.1845, 7.1460 and 8.7230 Longby BulletproofTradersUpdated 113
Keep an eye on DOT this weekend, as it might surge 24.6%Polkadot (DOT) is waiting to catch up as Bitcoin, Ethereum, Solana, and Dogecoin soar. While some older coins have yet to make major moves, they've formed interesting patterns. DOT is one of those and has developed an inverse head and shoulders pattern over the last 36 days. A breach to $6.50 could push the price as high as $8.11, a 24.6% increase. It's too early to determine the exact stop level, but it should realistically be just below the breakout candle. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will 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.Longby ThinkMarkets6622
DOTUSD ANALYSIS 1.0🚨 Trade Alert: DOT/USD Short Setup 🚨 We have identified a bearish setup in DOT/USD, characterized by the following: No Bullish Divergence on RSI: No indication of a trend change. Retracement: The price has retraced to the 0.618 Fibonacci level, suggesting a potential for continuation to the downside. Entry Point: Short: At the current market price (CMP) Target Prices (TP): TP 1: TP 2: Stop Loss (SL): SL: to manage risk Trade Summary: Short: At CMP TP 1: TP 2: SL: Trade Type: Short Swing 📉 Good Luck! 🍀 Stay informed and trade smart! 📊Longby Earn_withHassaan4
DOT in H8 chartHello I have gave you my ideas about DOT and nothing has changed. This chart is just a temporary signal. I am not if it happens but if it was making an ABC for wave (ii), you'd be happy entering in that floor. Please get your confirmations before entering. This is immature idea and needs reliable confirmations. Thanks by AMA_FX6
dot bottomas everyone waits for alt season we are seeing possibly some hope for alts, dot is currently seeing an inverse h/s hasn't broke yet but we will see what happens this week. i still think current alt markets look a little weak yet but at some point we will see a bottom pattern. if this pattern plays out we will have targets from $7 to $7.30. if neckline doesn't break this is invalid.by z3bracoRn2
$DOT #Polkadot Trading IdeaDOT/USD (Polkadot) found some support and formed a potential falling wedge pattern on the 1D timeframe. Full send after a breakout. For Polkadot to get on track we need to beat these two resistance (around $6.5-$7.0 and $8.5-$9.4) zones and change the market structure.Longby planfomo17
Polkadot (DOT): Setting Up for a Bullish ReversalBINANCE:DOTUSD has recently breached the $6 level, forming a bullish divergence, as indicated by the vertical lines on the chart. The exit from the 3.618 Fibonacci time zone should ideally mark the end of Wave 2, though the exact completion of Wave 2 may lie slightly outside this range. It appears that Polkadot has completed its accumulation phase and is now entering the manipulation phase, with potential for expansion to follow. Given the current situation, we are planning to place an entry at $4.85, with a stop-loss set just below the 100% Fibonacci retracement to protect against a Wave 2 invalidation. Our initial target is $9.30, aligning with the Daily Fair-Value Gap. This strategy aims to capture the potential upward movement as Polkadot transitions from accumulation to expansion. Yearly VWAP Analysis: Polkadot is currently holding the 2021 VWAP level perfectly. However, if this level is lost, the price could move down towards the 2021 VAL (Volume Area Low) at $4.55, which might provide significant support. To resume a bullish trend, Polkadot needs to reclaim the 2021 VAH (Volume Area High) at $6.80. Overcoming this level is essential for a sustained bullish move. If these levels are breached, a drop to the 2021 VAL at $4.55 is possible, where we might find strong support. Overcoming the yearly VWAP resistance is crucial for a bullish continuation. Monthly VWAP Analysis: Polkadot has lost the April VAL (Volume Area Low) and recently touched the November 2023 VWAP. Holding the November 2023 VWAP is crucial to maintaining a bullish stance, although there is potential for further downside. We anticipate a possible drop to retest the November 2023 VWAP and VAL levels to gather momentum for a bullish reversal. To turn bullish again, Polkadot needs to reclaim the current month's April VAL and VWAP levels, suggesting a stronger bullish outlook. Conclusion: If Polkadot fails to hold the November 2023 VWAP, we expect a move towards $4.82. For a bullish reversal, reclaiming the April VAL and current monthly VWAP levels is essential. Until these levels are reclaimed, we remain cautious and anticipate further downside. Our trading strategy involves entering at $4.85, with a stop-loss at $3.55. The take-profit targets are set at $7.76, $9.50, and open for further potential gains.Longby freeguy_by_wmc3
Polkadot - Bullish CampaignPolkadot presents a prime location for a potential turning point at these low levels. We are firing off a new bullish campaign aiming at the two next significant resistance levels of 6.1845 and 7.1460 respectively. Longby BulletproofTraders111
DOT Coin at Strong Support Potential for 24x Gains in Alt SeasonDOT Coin is currently positioned at a robust support level between $5.1 and $5.4, indicating a significant opportunity for a substantial gain during the upcoming altcoin season. Historically, these support levels have proven to be a launchpad for impressive bullish movements, suggesting that now is an ideal time to consider an investment in DOT Coin. As we anticipate the altcoin season, the potential targets for DOT Coin are particularly promising. Based on historical data, the minimum target for DOT Coin during a bull run is $122, with a maximum target reaching up to $138. These targets highlight the considerable upside potential for DOT Coin, making it a compelling choice for traders looking to capitalize on the altcoin market. In conclusion, DOT Coin’s current position and historical performance make it a strong candidate for substantial gains. With solid support levels and ambitious targets, DOT Coin is well-positioned to thrive in the upcoming altcoin season. Traders should consider this opportunity to potentially maximize their returns as the market conditions align favorably for DOT Coin.Longby Houseofcryptokings1110
POLKADOT BUY OPPORTUNITYHi folks an interesting long position on DOT here. As we can see from the chart the DOT seems to have hit its bottom at $3.753. We can also see stochastic RSI, RSI and the Weiss open interest start to turn positive. On the Kellner channel we are outside at the extreme levels a time to buy. A long position can be opened as follows TP 1 : $10.00 This is the when price action wicked up and fell back down indication the first possible resistance level TP2: $14.00 This is the mean of the Keltner channel TP: 3 $20.00-$22.00 This is the first bearish order block where price may struggle SL: $3.00 Below the previous value of $3.753 If it gets above the previous bearish order block and finds support then DOT a further long position could be TP 4: $30.00 SL : $25.00 Final long scenario is previous bullish order block at $30.00 and finding support then the Final take profit could be TP 5 :$50.00 Longby bacurrie450
H&S Target for DOTUSDH&S Target for DOTUSD but watch bullish Macro rising trendlineShortby RSI_Trading_Concepts6
Polkadot Elliot Wave ABC Correction over. LONGPolkadot Elliot Wave Correction over. LONG target 23-30 next waves.by kcolumbo2
Polka(DOT). Will it Survive?DOT is a long way from its high of $55, back in 2021. And now, currently, price has been struggling to push higher. With the thought the BTC ETFs being a game changer along with the BTC halving, there was the anticipation that Crypto would sky rocket. But this hasn't been the case. With all other coins getting hit by the current environment Crypto is facing, it stands that DOT is no exception. On the daily chart, DOT price is showing a head and shoulders pattern that could spell a push lower to the $5 lvl and maybe even to the $3.50. Since the FED interest rates seem to be the catalyst for the direction of crypto price so far, any data pointing at FED officials wanting to hold rates for longer (being hawkish) will continue to put pressure on Crypto's price. Well with this said, how is Polkadot going to survive? There is things going for it that can get it through this rough patch: -There are around 66 interoperability Cryptos and in that sector, DOT is the #1 coin, followed by Chainlink(LINK) and Cosmos(ATOM). DOT boasts close to a $8.5 billion market cap and LINK close to a $8.4 billion market cap (not too far behind), respectively. -Amongst all the other Cryptos out there, it sits at #14 out of 10,127. -Staking is currently at 11.78%, which has risen from 2023 when staking was around 9%, which if held for a year would be more then what some hedge funds can make. So not too bad. -While not as much PR as some of the more prominent coins out there, it does have PR coming out which shows that it is still relevant What do I think? I think DOT will survive and will likely drop which would be a buying opportunity. The Crypto Market as a whole is taking a drip (sitting at around 2.37 trillion currently, hitting a high this year in March of around 2.64 Trillion, and all time high of around 2.8 trillion back in 2021) and if price does continue to drop, it may test the support around 2.33 trillion. But majority of cryptos are taking a hit and as catalyst start popping up in favor of crypto, it is likely that DOT will join in this.Longby DollarSaenz1
Polkadot - Bearish CampaignShort-term downside reversal in a trading range formationShortby BulletproofTradersUpdated 117
Polkadot Next BullRun- Okay now that we got the Bottom ( 4.3$ ish). - We can try to calculate the highest points for the next bull run. - i am not in patterns too much but we can see that DOT formed a kind of Cypher Bullish Pattern. - A resistance was created around 9.80-10$. - So Polkadot will have to go retest this zone and breakout to climb more. -------------------------------------------------------------------------------------------------- - TP Zones : -------------------------------------------------------------------------------------------------- - TP1 : 50$ ish (ATH 2021). - TP2 : 85$ ish (161.8 Fibo). - TP3 : 200$ ish (Max Fibo 423.6). -------------------------------------------------------------------------------------------------- - Like Always : -- Take your train ticket before the mass. -- Sell when others rush to buy :D. Happy Tr4Ding ! by thecryerUpdated 393967
DOT - at the beginning of the returnIt seems that Polkadot, the DOT, has made a harmonic pattern. And the downtrend line has broke due to the uptrend wave started by the BTC. However, be careful since there probably be a retest or pullback down to shake some of the buyers.Longby SaeedSalehiniaUpdated 999