POLKADOT Trade Idea (DOT)PolkaDot (DOT) has rallied on the 1D time frame and we can see a choch break above a previous balance area high. Price is currently testing a key resistance level. We are considering a buy opportunity if price retraces into the 50-61.8% Fibonacci zone.
This analysis is solely for educational purposes and should not be considered financial advice.
Polkadotusdt
POLKADOT (DOT Trade Idea DOT/USDTPOLKADOT (DOT) has faced recent downward pressure; nevertheless, it is presently trading within a pivotal support zone, as evident from the chart. In the event that the Dollar Index (DXY) gains from its current retrace, DOT/USDT may pursue additional downside targets, given the typical inverse correlation between DXY and DOTUSDT. It is imperative to underscore that this analysis is exclusively offered for educational purposes and should not be interpreted as financial advice.
Polkadot could rise to 15At the end of October, BINANCE:DOTUSDT started a new uptrend, aligning with the broader market movement of various coins.
This upward momentum was marked by a decisive breakthrough above the descending trend line of a prolonged falling wedge, surpassing several key horizontal levels. However, the ascent was halted near the August 2022 high, around 10.
This apparent pullback, occurring after the surge, was essentially a correction within the nascent uptrend. DotUSDT found robust support around the 6.5 zone, indicating a stabilization point. Currently, the coin appears poised for another upward movement, targeting the resistance level around 15.
My bullish outlook remains strong as long as support at 6.5 holds firm. Considering the potential, buying dips in this coin could present an incredible risk-to-reward ratio of 1:6.
📈 Polkadot (DOT) Spot Long Trade AnalysisAn analysis of Polkadot (DOT) highlights a potential spot long trade opportunity, emphasizing range support, resistance, and risk management for strategic decision-making.
Key Highlights:
Range Support: DOT is noted to be at the $7.24 top of the range support, providing a potential entry point.
Take Profits (TP): The proposed Take Profits (TP) level is set at the next resistance area of $8.00 - $8.50.
Stop Loss (SL): Risk management includes setting the Stop Loss (SL) just below the bottom of the range low support at $6.85.
#Polkadot #CryptoTrading #RiskManagement
POLKADOT long term goalIs It Finally Time To Buy DOT As Polkadot 2.0 is Coming?
hello dear trader and investors
do you know( polkadot v2) faster than sol and kadena?
Is It Finally Time To Buy DOT As Polkadot 2.0 is Coming?
it is time for polkadot ’s rally
Polkadot 1.0 vs 2.0 —
A comparison between Polkadot 1.0 and Polkadot 2.0 highlights significant differences. The transition from slot leasing to a cumulative asset model will enable smaller projects to access Polkadot’s infrastructure without committing millions of dollars or locking up tokens for extended periods.
The number of available parachain slots is expected to increase from a limited 50 to a range of 500 to 1,000 cores, further expanding Polkadot’s capacity to onboard projects.
Polkadot 2.0 Launch Date —
Gavin Wood, Polkadot’s founder, has been actively involved in developing Polkadot 2.0.
While the technology is expected to be ready by late 2023, the official upgrade and release will occur in early 2024.
This timing aligns with the end of the major DOT unlock events, potentially setting the stage for a new wave of positive sentiment.
Polkadot 2.0’s new system for allocating block space could increase liquidity for the DOT token. Revenue generated from core time sales will be channeled into the Polkadot Treasury, and token holders will have a say in how these funds are distributed through governance. Periodic token burns are also being considered, which could make DOT deflationary and positively impact its price.
good luck
DOTUSD request analysisThis chart are update from my previous analysis.
Right now DOT still channel up pattern, and already touch fibonacci support at channel up support, and broken channel down pattern with a strong candle.
Bullish will continue to reach previous resistance at $5.74
and we also have new bullish target at $6.41 as fibonacci 1.618 projection
*I draw path line, if $5.74 still hold bullish, our new support level at channel up support.
DOT conservative targetsBINANCE:DOTUSDT
Polkadot most conservative targets
Possible Targets and explanation idea
➡️What we can't know its a timing. Dot now in 27 zone accumulation range
➡️End of bull run was in April/May 2021. I think by end of May 2024 we will hit targets
➡️Hard to say about new ATH for DOT but this is a most conservative targets take profit
➡️Based on my MP indicator we can see MACD div and big money inflow periods for DOT
➡️Time to out of Polkadot will be in orange zones on MP indicator with new bearish DIV
➡️Examples exit time you can find on a chart around October 2021
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Polkadot - $3 Looms as Sellers DominateHi Traders, Investors and Speculators of Charts📈📉
Polkadot is currently trading 93% under it's ATH. Although this is bad news for most bag holders, the good news is that the bottom is either in - or very close.
There's no doubt that a bullish cycle is overdue, but not just yet. Technical indicators on lower timeframes show bears are still dominating, and there's a chance the price could fall lower once more before the accumulation phase finishes.
Incase you missed yesterday's update on Bitcoin, find it here 📈
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BINANCE:DOTUSDT BINANCE:DOTUSD
Polkadot DOT price completing the formation of "Double bottom" ?Today's idea will be described based on the assumption that the DOTUSDT price has been forming a global trend reversal through "the Double Bottom" pattern for the past six months
Looking at the chart, we can say that DOT was actively bought around $4 in early 2023, in June 2023, and in the fall of 2020 just before the start of the bull run.
However, at the moment, the DOTUSD price has rebounded from "the bottom" relatively weakly, so buyers still have a lot of work ahead of them.
The first stage of the struggle between buyers and sellers may start around $6
The second stage, which is probably the most difficult, is to break through and fix the price of the Polkadot token above $8
The third stage is the daily dynamic growth of the DOT price in the range of $8-15. On the growth, on increased trading volumes, the "big money" will sell at least part of their DOT stocks, and the "little money" will buy and buy them. Why? Maybe because there will be a new series of news about the latest super application of parachains from Polkadot or something like that)
However, it will take at least a few more months for our rather optimistic assumptions described above to come true.
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Polkadot DOT. Maybe it's time to start growing, or not?)Dot's price was in the "group of leaders" that were the first to break out of the prolonged downward trend.
However, "the winner music didn't last long", after a 2-month rise in the DOTUSDT price with a result of +90%, consolidation has been going on for the 3rd month.
Roughly speaking, there is nowhere to fall below the price of the Polkadot token. The critical level from below is $4.83.
If we model Elliot waves on the current trading situation on the DOTUSD chart, we can assume that wave (2) is close to completion.
The next wave is an upward wave (3), with the most conservative targets for its growth ranging from $10-10.50 to $12.30.
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POLKADOT: Classic Accumulation, Rally Phase NextBINANCE:DOTUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In today's analysis, POLKADOT presents a great buying opportunity with a low risk and high reward setup. Currently trading in accumulation phase of the Wyckoff Method market cycle phases, you may still get another chance to buy lower BUT expect the price to continue trading in the accumulation zone ranges (within the support zone and resistance one pointed out in the green box) . The timeframe of six months is significant because most market cycles / phases start to show signs of change after 6 months of a specific trend being observed as in this case, a bearish trend was observed for about 6 months.
After successfully confirming a bottom on both the chart as well as on the Technical Indicator, flashing an oversold with the built in RSI, it seems that the most logical next phase is the upwards phase, however you might need some patience as to "when" this rally will happen.
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Keep your eyes wide open on PolkaLong time since I posted anything but IDK i felt like i wanna do it again after couple years i guess.
I became more Economically oriented since that's my field of study and that's what i am obsessed with the most.
Generally speaking i don't trust any kinda of analysis anymore as i was before but i trust the psychology of market which the analysis of the charts create, non of the crypto will go up till the some certain stuff that goes in world settle down a bit but if i am gonna say one thing it's gonna be " Any one buys crypto right now he publicly announce that he is shorting - betting on - the entire world's bank system ".
Till the next time, maybe after another couple years " Who knows ".
DOT PERSONAL ANALYSIS IN THE NEXT 1-3 DAYS The total evaluation for the Polkadot asset is bearish in both long-term and short term time frames. The weekly chart has an obvious arch to the downside but in the hourly chart, you can see a more detailed scenario of where and when you can put a proper short position with confirmation of resistance. The projection can easily go to the downside up to 5.15$ with a MAX weekly downside up to 4.8-5$ -- After that, DOT is a barren wasteland to trade so its better to trade other assets for a better idea on direction and position.
Please take in consideration as well the upcoming CPI inflation data report and make sure to take profits appropriately.
DO NOT BE GREEDY.
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DOT - false breakdown?Hello, everyone!
Now it's time to make an update on BINANCE:DOTUSDT . We can see the upward trend channed which market maker used for the manipulations.
There are 2 fake outs: one to the down and one to the upside. Now the price broke the support line again. I suppose if the price will be able to re-enter the channel we can see the scenario on the chart. But now it's bearish and we need a confirmation that the price have an intention to re-enter inside the channel.
Best regards, Ivan
DOT - more gains ahead!Hello, traders!
As you know I expect Bitcoin a little bit higher. Anyway it should break through the $25200 resistance. At the same time DOTUSDT can show us the fantastic pump in the upcoming days.
On the 1D chart BINANCE:DOTUSDT chart we can notice that the trendline resistance was broken without retest. Moreover price formed the range and made a deviation below. Therefore, there is the high probability that PolkaDot will make the same deviation above. It would be logically also because of the ton of liquidity on this way. After that it is going to be difficult to pump, thus I expect the retest of the trendline and the bottom for this asset next to $3 .
Best regards, Ivan
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💥☃️🌲Polkadot Analyze (Road Map)!!!🗺️💥☃️🌲(+200%😱)❗️❓Today, I showed you the Polkadot road map🗺️.
Polkadot is running near the heavy support zone.
I expect Polkadot will go down a little more and then start to rise to a heavy resistance zone( about +200%)😱.
🔆Suggestion: If you want to add DOT to your portfolio, you can wait to break the downtrend line and SMA 100(Daily TF).
Polkadot Analyze ( DOTUSDT ) Timeframe Weekly⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Polkadot Black Friday- Everything is in graph.
- Weekly predominant bullish divergence on RSI.
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- i won't speak "Price to Buy", but WHEN to buy :
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- Buy a Dip and wait for the end of this triangle.
or
- Buy a Breakout from the same triangle.
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- Black Friday is Real.
Happy Tr4Ding !
DOT – bear market bottom soon!Hello, everyone!
Today we are going to consider the altcoin which has already broken all possible support levels – it’s Polkadot.
Let’s take a look at the 1D time frame of the DOTUSDT chart of the WhiteBit exchange. First of all we have to notice that the price is forming the final wave 5 which is represented as the ending diagonal. I made this conclusion because we have the support and resistance trendlines which form the “falling wedge”.
The internal structure of the wave 5 is going to be the entire Elliott wave cycle the sub waves 1 and 2 have been already finished. Now we are in wave 3. It has the natural target 1.61 Fibonacci extension, approximately at $3.5. I am going to buy this asset there with the full position volume, considering it as the bear market bottom.
Best regards, Ivan
Polkadot DOT price has nowhere to fall below. It's time for longIt's been a while since we did a DOTUSDT idea, then it's time to refresh our thoughts.
As you can see from the chart, the DOT price is clearly moving from one liquidity level to another, we have marked them nicely on the chart.
So, we assume that the price of the Polkadot token will consolidate a little more, buyers will gain strength and break up from the falling channel.
Therefore, we make an assumption for ourselves about the possible movement of the DOTUSD price
Long to $6.60 - correction - long to $7.90 - correction - long to $9.50-10
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Polkadot - I'm Interested..Polkadot is one I am eyeing closely for the next bullrun - with everything going on with Solana who knows what develops over the coming months/year.
I have my bids below if we get there, but clearly short-term resistances above and a key s/r level we're trading below as of now.
Daily candle closes in a couple hours and I think that will be telling of where it heads in the coming weeks.
Let me know your thoughts in the comments!
Cheers