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Polkadot

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DOTUSD trade ideas

Polkadot, Channel-Formation-Developments, Determining Zones!Hello, Welcome to this analysis about Polkadot, we are looking at the 4-hour timeframe perspectives. Polkadot is in a constellation where it will show up with important decisive determinations in the upcoming times and in this case, I discovered an important formation Polkadot is forming here with the main conclusions giving the indications for Polkadot upcoming perspectives. Therefore, when looking at my chart we can watch there how Polkadot is within this main ascending-channel-formation marked in my chart with the blue boundaries, within this channel Polkadot has the coherent wave-count with the waves A and B already completed and wave C upcoming which will emerge once the local bull-flag marked in my chart has been completed however it is necessary to acknowledge that there is a strong resistance still within the structure both horizontally and descending marked in dashed red this means that Polkadot has a high possibility to reverse there. Taking these factors into the consideration Polkadot when pulling back from the highly possible reversal zone and also the resistance zone will firstly continue to test the lower levels in the ascending-channel and when these do not hold a further bearish continuation will emerge below the lower boundary as it is marked in my chart. Although there is a higher possibility given that Polkadot reverses in the marked zone it is also possible that it shoots little above and creates the main bull-trap, in any case, the bearish perspective should not be underestimated here and we should be prepared on such upcoming volatilities to take the right actions when appropriate and do not get overwhelmed by circumstances when they happen. For now we should expect the breakout out of the local bull-flag and after that the further determinations as suggested, it will be an important development ahead. In this manner, thank you for watching my analysis about POLKADOT and the major ascending-channel-formation, support the analysis with a like and follow or comment for more market insight! "Astonishment is the basis of reverence." Information provided is only educational and should not be used to take action in the market.
BINANCE:DOTUSD
by VincePrince
28
Polkadot (DOT) - August 25Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSD 1W Chart) If the price is maintained above the volume profile section formed in the section 10.15772403-16.14614892, it is expected to continue the upward trend. (1D chart) Support section: 20.26700243-23.03314771 section Resistance section: 29.84923340-33.86828748 section It should move above the 38.69059855 point to accelerate the uptrend. If it falls in the section 20.26700243-23.03314771, Stop Loss is required to preserve profit and loss. However, it is possible to touch the section 10.15772403-16.14614892 and ascend, so you need to be prepared for this. ------------------------------------- (DOTBTC 1W chart) What you can see from this chart is that the volume profile section is being formed in the 39108 Satoshi-48719 Satoshi section. Accordingly, if the price is maintained above the 39108 Satoshi-48719 Satoshi section, it is expected that the upward trend will continue. (1D chart) It remains to be seen if the upward trend can be continued by rising above the 59700 Satoshi-62755 Satoshi section. If it goes down, we should see if there is support in the 38377 satoshi-44645 satoshi zone. If it falls in the 32421 Satoshi-36000 Satoshi section, there is a possibility of entering the mid- to long-term investment area, so careful trading is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:DOTUSD
by readCrypto
1
Winning Polkadot downward prediction for August-23-2021As indicated with marked 24-hour interval on the chart (8 AM ET August 23 -> 8 AM ET August 24 ), we had another correct prediction for Polkadot. The Remote Viewers from Precognitive Trading Group correctly predicted the Short direction for Polkadot . The data was collected through a scientific remote viewing protocol based on blind intuitive tasking for a professional Remote Viewer. The data indicated that the Polkadot will decrease in price during the observed 24-hour interval. Thank you.
KRAKEN:DOTUSDShort
by IgorG_PTG
1
DOT in ascending channel currently looking for a breakoutDOT is one of the most promising and exciting new cryptospaces. Currently it is stuck around $28 or so at the top of its ascending channel. Its current price point was support for several dips in spring but has now turned into resistance. A breakout over the top of the channel here could push DOT on a rally towards its previous ATH of $47. While DOT has had a strong August, it still got hit harder than most during the mid-cycle correction and still about $40 down from ATH levels. It is possible to have a similar move as AVAX and Luna Terra which also fell extremely hard but are now inching towards or blasted past new ATHs. I am looking to long until a potential September shakeout and take profits.
BINANCE:DOTUSDLong
by ffara
Polkadot Advance Continuation pt. 2DOT/USD Continuation Accumulated Gains Since Preliminary Entry (19.25): 50.07% Prognosis: Dot fired up another leg into a new set of Fibonacci target Zones. 1.272% already hit and seeking more expansion. Possible retrace to 1.0 with reconsolidation. Had you entered this trade with me at the preliminary and taken profit during the advancements and not exited, you would've netted 50.07% gains in 17 days. Not a bad return! *Do you like big wins and big money? Do you have strong hands and patience? I'm a full-time Wyckoff VSA crypto swing trader (since 2017) and I regularly seek out the most lucrative swings available on all the major exchanges. All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones. My win rates are between 80-85%. Follow me on TradingView and see for yourself. I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals). ** Not financial advice. Please trade at your own risk.
COINBASE:DOTUSDLong
by jalapablo
Short for me - bearish DIV on 4h in almost asset classes ATMHi folks! See my latest posts for more perspective! I will not take much of your time here, as it is just an update on previous ideas in BTCUSD: We have had a massive bearish DIV on both RSI, MACD and Volume in almost all asset classes (BTC, major alts, stock indexes etc.) since the very end of july. Thus, my reasoning applies to those assets as well although posted under DOTUSD. Consecutive sell signals based on concurrent DIV in RSI and MACD on 4h very often lead to drops far below the first sell signal in the consecutive series. I believe that the bullish move we saw since yesterday is a bull trap. We might see a further bounce here, but trading is a probabilistic game and imo the expected value of a short here is tempting - I just placed a short from 26.71 with SL 31 and TP 17.1. To be even more sure, a suggestion is to wait until we potentially see a new DIV on the 1h as well on an even higher top - I would add to my position in that case. DYOR. NFA. Never tak the words of others as a given - and do not take advise from anyone without skin in the game. I wish you all well!
KRAKEN:DOTUSDShort
by TheDots
3