Will DOT attack the resistance zone?Despite the recent declines, the DOT defended its support at $ 17.59, in the event of further declines, the price must stay within the range of $ 11.37 - $ 8. If sentiment changes and we see increases, we will encounter the first resistance around $ 23 and the second at $ 25.42.
DOTUSD
Prepare for the worse plan $DOTAfter the drop passed over the sideways price range, the price of $DOT nearly touched at Fibo 0.886 (15.47)/(A-B), and it seems going Elliot Ending Diagonal pattern following BTC, if the king can also complete this pattern as I did mention in the attached link below, I will prepare DCA - $DOT for the worst plan around 7.16 to complete the expanded correction wave (irregular flat).
If everything will be better, the drop can stop at 11.76 and it will be the Elliot Running Flat before coming back.
#DOTUSDT Looks ready for a 100%+ pump! Trade Setup.Welcome to this quick update.
I'll keep it short.
Every time DOT breaks the Blue MA daily we have seen massive Rallies.
Firstly, It bounced from the support, and as per this chart, It must rally at least 100% TO 150% in the next few weeks.
ENTRY :- $25.5 to $29.6
Target :-
$45
$52
$61
Stop loss:- $23.82
*Not Financial Advice, DYOR before taking any trade.
If you want me to post more of these charts.
Hit the like button Follow me for more.
Thank you
#PEACE
🌳DOT has Completed The Head and Shoulder Pattern . What's Next?Hello every one
DOT / TETHERUS
This is an update to the last analysis about DOT. as you can See The Mentioned Head and Shoulder Pattern has been Completed But The support zone has not Been Broken yet So There is No Confirmation of a Bearish trend yet. The Strong Support zone Is around 24 to 28$ . if This Support zone Is Gone, we can Expect DOT To reach 11 to 16$ Support zone. But as I Said before no Break out , No Confirmation.
🟡What Is Polkadot (DOT)?
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.
The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down).
Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains .
Polkadot has four core components:
Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;
Parachains: independent chains that can have their own tokens and be optimized for specific use cases;
Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;
Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
🟢Previous Analysis:
🔴This is only an idea and not a financial advise ( NFA )🔴
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Have a nice day and Good luck
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DOTUSD 2D: 1000%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: read entire idea before
execution. Tagged as BULLISH because I expect
reversal once we hit 8/9 USD.
🔸 Summary and potential trade setup
::: DOTUSD D2 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: previously massive BULL TRAP after
::: FAILURE to break CYCLE HIGH
::: get ready to BUY LOW later
::: expecting BEAR TRAP near 8/9USD
::: i.e. FAKE BREAKDOWN of key S/R
::: best reload bulls near 8/9USD later
::: expecting 1000% bull run
::: re-test of sliding S/R line
::: near 100 USD later
::: BULLS stay out be ready later
::: expecting short-term correction
::: BULLS get ready to BUY after CORRECTION
::: TP bulls is +1000% gains later
::: expecting decent gains soon
::: 40-55% pullback short-term
::: recommended strategy: BUY/HOLD after CORRECTION
::: TP BULLS +1000% gains / 25 USD
::: BEST reload BULLS near 8-9 USD
::: TP BULLS is 100 USD final EXIT
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
When will there be DOT price $200 on the Polkadot network?Interesting question ?) Let's look for an answer together.
In the comments below the idea, write your thoughts: what is the fundamental news and development plans of Polkadot network that can lead to such a powerful growth of DOT token value?
Our TA tells us that if buyers manage to keep the DOTUSDT price above $14-18 by the end of 2021, that would be a cool buying zone for a semi-annual investment.
The upside target would be around $200 . So if such a plan is successful, an investment in DOT could bring in x10-x15 depending on the buying point.
Let's find the truth about the future of the DOTUSD trading pair together, in discussion, and then we'll take it to the chart and flesh out this global idea.
_____________________
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DOT short squeeze coming?The idea is simple. When you look at the lows of summer 2021, shorts were around the same level they are today.
January 21, 2022 we see a spike in shorts and prices reach macro support levels. If this bid to crash DOT doesn't work then the short squeeze that coming will be akin to the one over the summer and we can expect a 200% plus pump between Feb and March.
My guess is that this spike in shorts are retail shorts that are about to get wrecked.
POLKADOT and an IMPORTANT DECISION before END OF JANUARY 2022!ALL traders and hodlers of Polkadot wait to see what will happen before commencing February 2022 reaching the price to the new resistance of 28 and attacking to the other levels by taking more volumes during February.
let's see and stay tuned with me during the next month to see the power of paracchains' mother, the majesty of Polkadot and web3!
:)
Dot can lose half of its valueLike a lot of coins, Dot is not feeling good as well
After a run that started in July and ended with a new ATH in first days of November, Dot has started to roll back and now is trading exactly in the horizontal support
The price action from September by now can be also viewed as a large H&S and a break under the neck-line could accelerate losses.
If the selling pressure in the crypto market continues, I would net be surprised for this coin to drop to 10-12 support zone.
Only price back above 32 would put a pause to this bearish scenario.
One more pump for DOTBTC before a dump?Of course this is conjecture but given BTC's market dominance I could see this scenario playing for DOTBTC.
I could see DOTBTC having a decent pump to test the top of the rising channel trend line. Which depending on where BTC is at the moment could put it between $30-$33 USD and retesting the DOTUSD local high range.
If we assume that BTC dominance has bottomed and will turn around over the next few weeks then I think it's reasonable to see DOTBTC dump to the bottom of it's macro trend line before reversing and eventually breaking out of its macro symmetrical triangle.
To me this is the bullish scenario if we assume that BTC dominance is going be reversing sometime soon. If BTC dominance crashes and we go into an alt season then everything changes and we reevaluate.
One of largest Metaverse Projects on PolkaDot: Bit.CountryJust a quick fundamental update on DOT - one of 2022's top Metaverse projects that is in early access mode and has a parachain slot on kusama already is on PolkaDot!
The PolkaDot ecocystem is going to grow exponentially in 2022 and it will be led by all sorts of projects from DeFi, to computational data layers, to gaming / metaverse / P2Es and NFTs. This is a longer term bullish catalyst for DOT and its massively growing ecosystem. Bit.Country is already in early access mode and will have some much larger announcements in coming days... typically when there is no news at all and sentiment is low, it's a good idea to accumulate before the major rush of investors come swooning in.
bit.country