Hodl Polkadot! With positive news and technical analysis on $polkadot bullish is the only way.
Breaking down trendline and pattern breakout.
DOTUSD trade ideas
DOT/USD to break above $50 nextPolkadot price analysis is bearish today, as the market has approached significant resistance at $46 after a strong rally earlier in the day. As a result, we anticipate DOT/USD to decline and establish another higher low.
A parabolic extension is drawn to indicate how far momentum may have carried DOT/USD during the impulsive wave. A secondary channel is drawn to indicate how the market could range before breaking lower.
PolkadotPolkadot time to shine! I have a strong feeling that things will happen here in the comming months:)
DOTPerp - Longterm Idea (beginners thoughts) - Crypto Market 21The Essentials:
We are in a strong uptrend since low in July. Making higher highs and higher lows. Trading above the 200SMMA.
Since August the 21SMMa crossed the 50SMMA and is increasing the gap continuously. Trendline is strong support.
After consolidating in the second half of October, DOT reached an ATH on 01/11 ($51.6)!
However the RSI is 3 points points lower during the ATH than the most recent high of 46.4 ---> which could signal a trend reversal, a RETRACEMENT before it goes parabolic (200+ ??).
To confirm this retracement, I connected the swing-low end of September with the swing-high (ATH).
This swing-low initiated the most recent uptrend, breaking through MAJOR resistances from earlier 2021 and mid September!
It also bounced off the 50SMMA after retesting it as support twice.
The Ideas:
Prediction 1: the price drops to $45 (previous resistance, now support) due to crypto market in general moving up and BTC expected to rally in November. Bounces off from there to new ATH. This would have support from the trend line, which is accurate as support since end of September.
Prediction 2: the price drops to $38. The major resistance from early 2021 and mid- September. This would mean a FIB retracement to the 50 level. If confirmed, a good entry to buy long at around $39-$40 level.
Prediction 3: the 50SMMA continues to be the support as it was end of September. If the price drops, the 50SMMA should be a confluence to the golden ratio of .618 on the FIB chart. Strong confirmation if it does! Best possible scenario to re-enter DOT at $35.9-$36.6 levels.
Thanks for reading and please let me know your thoughts/ideas.
HAL
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.
DOTUSD on 21-11-01 16:43While other L1's have taken the spotlight mid summer → mid Sept, Polkadot seems to have fallen out of the conversation until recently.
CT has been buzzing the last few days, IDK if there's any big news on the horizon? Only that the chart looks tasty. I'm looking to add to my bag as follows:
50% @ $44.70 (spot)
25% @ $42.10 (w 1x)
15% @ $39.07 (w 2x)
10% @ $47.18 (spot)
In addition to my regular DCA of a few DOT/wk. Hopefully a good EOY!
Polkadot #DOT 1D LOG ChartAssuming it following in the parallel log channel, Nov 15 high/low noted in the chart.
Fundamentally, DOT is a good project and has strong growth potential.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
DOT ready for a power move?Watch for DOT to encounter resistance around $46.30
If a breakout occurs, we should expect DOT to test $50
Good Luck
DOT price predictionPolkadot price prediction for this end of year. The price was calculated using the fibinnacii extension.
DOT resistance touched and now ? DOT finally got to his resistance area at 48$ and therefore as completed 1st target.
Now of course i wouldn't recommend buying here as the resistance could reject the price. I see 2 possible plans :
1 : Prices break and close in Daily above the resistance area (above 51$) and we would look at pullback between 48$ to 51$ to enter long.
2 : Prices get rejected and go find support at 45$ level, which could act as support before a break of the main resistance.
If i would be already long i would take some profit there and wait for lower prices to enter long again. I don't have a clear view so i would be waiting for option 1 or 2 to happen before acting.
DOT moves back to $46 resistance, will it hold?Polkadot price analysis is bearish today as the market has approached major resistance at $46 after a strong rally earlier today. Therefore, we expect DOT/USD to retrace and set another higher low.
DOT updateDot reached $47 as expected, this was really fast. Hope you having a good day watching DOT pump.
DOT ready for a generational breakout- about to close above key resistance
- long term convex structure
- parachain auctions start on 11th of November
- first target is the 1.618 level around 80 dollars
DOTUSD (4H) Bullish ReversalHi Traders
DOTUSD (4H Timeframe)
Waiting for the upward break of 44.30 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 40.64 would cancel the bullish scenario.
Trade details
Entry: 44.30
Stop loss: 40.64
Take profit 1: 46.30
Take profit 2: 49.90
Score: 7
Strategy: Bullish Reversal
Polkadot price prediction.Possible outcome for long term hold on Polkadot, trend analysis is looking like its heading towards $60 dollars plus.
POLKADOTDAILY timeframe
-if break above 47.62 then i expect it to go to yellow pullback zone
-if goes to yellow zone, then i expect a pullback and resumption from levels at local high
-potential profit taking levels are red lines, that line up with fib levels, so expect some sort of pullbacks in those levels
-if it closes below 39.73, i expect it to go to 37.37, if it breaks that , i expect it to go to next support and 50 ema at 30.23
DOTUSD - THE 2021 Q4 PLAY DOT HOLDING THE LINE - coiling up for the move to the fib, made it easier to see where im getting my levels from on one hand and then the clear 4hr tf to show where we're going on the next pump
DOT recovers at $41 following a steep plungePolkadot price analysis is bullish today.
Resistance for DOT is found at $42
Support for DOT/USD is found at $36.
The DOT/USD price shows recovery after going through a massive loss yesterday, as per Polkadot price analysis. The price stooped as low as $40 from $45 in a market flash crash. The market crash was unexpected as speculations were for DOT to break above $46; however, DOT/USD survived the pullback victoriously as it managed to float above the $40 psychological mark.
DOT - UPDATE! LOOKING FOR A BOUNCE!AS IS THE REST OF THE MARKET! WE'RE LOOKING FOR A BOUNCE! This will depend on the BTC idea I posted (see link below)
A couple spots to watch are identified in the chart. We're in a very volatile area of the markets right now BUT I think we ARE NEAR the bottom of that!
CAUTION TRADERS AND LEVERAGE USERS!
IF YOU HODLING - NO WORRIES! THE MARKET SENTIMENT IS STILL BULLISH AND THIS PULLBACK IS NORMAL
*This is NOT financial advice. This is just an IDEA based off my experience analyzing charts and studying crypto. I recommend researching cryptocurrency because of the potential for you to become A BELIEVER of this technology and its future (FUNDAMENTALS ARE WHAT MAKE OR BREAK CRYPTO) IF YOU HAVE THIS, INVESTING BECOMES MUCH EASIER!*
DOT Inverse H&S while gearing up for a breakoutWatch for the right shoulder to form and complete a breakout of the descending trendline. See where the 1H candle closes and for confirmation
If DOT clears, $46+ should hit and perhaps expose $50.
DOT - Scheduling Lift Off Sometime This WeekIF... Bitcoin can hold here (above $62-63k) or go up , I do believe that we will see PolkaDot have a great increase in value. Specifically here, I am looking at small bullflag, with pole extrapolation to roughly $54-56, and to be honest it could come sooner than later but hard to say. NFA, DYOR
