DOTUSD ❕ rise in downward channelPolkadot is moving in a downward channel.
Price is under liquidity.
Growth is accompanied by an increase in trading volumes.
DOT is testing the 100MA on the 1H Timeframe.
I expect that the price will correct to the support level from the current levels, but after fixing above it, it can make a rebound.
DOTUSD trade ideas
POLKADOT WAVE COUNTS - 5TH WAVE ENDING SOON?Another look at potential wave counts, however you place them do you still get 5 waves to reach where we are now or where we are soon going to be?
I believe we're in our final 5th wave of the over macro correction of this trend to mark our bottom and begin waves up.
DISCLAIMER: THIS CHART IS INVERTED
Let me know your thoughts in the comments!
V
Dot's M-pattern signals 180$ or 1.8$Hello traders and Investors. I deem it fit to give my analysis on Dot since this is one of the strong coins out there. In bear season like this, it is advisable to go for the best coin and not a coin that perishes with dump/distribution period. As shown in my meticulous chart, Dot has fully formed M-pattern with two footings though the second footing is just starting.
As presented on the chart, two things are certain and one shall come as final result. Those two scenarios are of the points that Dot may continue this bear period till 1.8$ is reached or stop dropping further to target 180$. As per this analysis, if Dot should aim at mega bullrun, 1800$ is envisaged while 180$ is just a moderate normal bull season.
Personally, I am more optimistic and look forward to seeing Dot at 180$ but should anything happen in contrast, 1.8$ is next option. Let see how it goes and feel free to give me your support. Thanks in advance.
Polkadot Higher Time Frame Bullish Outlook
Hello traders:
Also on watch for the week ahead is DOT.
Majority of the bigger cap coins are developing similar across the market.
Here on DOT, we can see the higher time frame has formed into a nice expanding structure, correcting for the previous impulse move.
The latest development has shown price hit the previous lows, potential double bottoms.
Last few couple days have shown bearish price has slow down, and momentum could be exhausted.
To confirm the upside for entry, wait for some lower time frame bullish reversal price action at the bottom of the higher time frame structure. This could kick off the next bull run if it is confirmed.
#kava kavausd in 1h time framethis chart is for 1hour kava price and we can see that the price is consolidated near the support zone and it is under pressure of a dynamic resistance trend line.
if the bars can break the trend line and the correction leg (simulated bars) retest the support zone, we can set a long position !#kava
#kavausd
time frame : 1h
Ep: 9.80
Sl ~ 9.41
Tp ~ 11.50
#dotusdt in 1h time framethis chart is for 1hour kava price and we can see that the price is consolidated near the support zone and it is under pressure of a dynamic resistance trend line .
if the bars can break the trend line and the correction leg (simulated bars) retest the support zone , we can set a long position !#kava
#dot
#dotusdt
#dotusd
time frame : 1h
Ep: 9.80
Sl ~ 9.41
Tp ~ 11.50
DOT 4h shortSetup: Dot is bearish on both the 1 h and 4 h timeframe. It shows signs of constantly getting rejected by the POC which is confluent with the 50 EMA. Furthermore, it is currently ranging but the OBV is making a lower low, signifying a divergence.
Entry: 10.096
SL: Trail using the SAR( currently at 11.486 which is above the POC)
TP: 6
Polkadot: Taking a HeaderSplash! Polkadot has taken a header into our blue trading area, a shape we generally use to mark long-term entry opportunities in our chart analyses. As soon as the altcoin has finished wave ii in magenta there, we expect it to move upwards. Once it has climbed above the resistance at $22.50, Polkadot should have enough drive to make it above the next mark at $50.55 as well.
DOTUSD ❕ lower boundary of channelAfter the formation of the pattern head and shoulders, Polkadot rebounded.
During the rise, the DOT broke up the downtrend line.
Price is rising on rising volumes.
At 30m Timeframe above 200MA, at 1H Timeframe above 100MA.
50MA breaks through 100MA on 30m Timeframe.
Price is at the lower boundary of the descending channel, and stochastic RSI is overbought on 30m Timeframe.
I expect price may go down to retest the support level, but once it fixes above it, it will rise to the resistance level.
What problems is DOT solving that cant be solved with BTCWhat problems is Polkadot solving that can`t be solved on the Bitcoin blockchain and network? Even the most serious altcoins are overvalued and will never see any application for solving real-life problems in production. A close below $26 could create an ugly scenario for people invested in this token. Called the $25 support when the rising wedge broke out on 12-nov, but it looks like this is a short stop to the next support level.