POLKADOT/USDHi everybody
here is my idea about polkadot, the Target is 11.8<*<12
ST can be lower than 6.5
DOTWCRO_50FBFA.USD trade ideas
Polkadot DOT at important trendlinePolkadot DOT at important trendline
Exciting to watch what DOT will do within the next days - a confirmed break to the upside and bottom might be in
But a danger of fakeout always has to be considered dear Crypto Nation
Who is a DOT HODLER? Tell me...
*not financial advice
do your own research before investing
DOTDOT Looks good at this point for a great ROI risk to reward! All timeframes are lining up together for maybe a test of $12.00
DOTUSDbetter look non phone chart as previously posted
retested breakout high from 2020 and bouced
might see a pullback across the board, soon or aug for muh mt gox btc unlock
eitherway fundamentally psycologically we appear to have seen max fud
next is cuck breakout longers?
thensend eet?
or macro recession also but unemployement would suggest otherwise and inflation is still fairly uncontrolable despite the feds warpath best efforts
time will tell
Dotusd67% ish to the .382 of the downmove
This thing still only has 2 useable chains built into it as far as im aware...
Any fundamental catalyst from here should see some serious relief, havent heard of anything yet but the chart looks nice and its not moved yet compared to other highly rated L1s
DOT! this pair is being supported on the weekly time frame by a price of $6.8ish. i believe in a possible pull back to the $7.3ish to $8.4ish range expecting one of those to serve as a new short term resistance.
DOTUSD 8.80 short-term targetPolkadot (DOTUSD) has been trading within a clear Channel Down on the log scale ever since its last market top in November 2021. The price has been unable to break above the 1D MA50 (blue trend-line) since April 21. The recent Bullish Divergence on the 1D RSI though (being on Higher Lows against the price's Lower Lows) may be a first indication of an upcoming rebound at least on the short-term.
In fact the price action since mid-June is similar to that of February - March. The rebound on that sequence was to the 0.618 Fibonacci retracement level, which on the current pattern is a little over $8.80.
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Polkadot longPolkadot broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 7.345 is expected to happen.
DOT - Falling WedgePolkadot has formed a falling wedge on this four hour timeframe
Falling wedges are a bullish pattern and dot if a break out occurs will act bullishly
DOT - Bullish PennantBullish pennant is forming with a likely upward breakout.
Fib-levels align at $8. That would be the first take profit.
It's a pretty self-explanatory chart, you guys can figure it out.
RetestingWell I'm taking a buy order here as we retest the 7.05 range. If we break through the resistance I look for us to keep moving up but if not we may take another dive down. Guess time will tell and we'll see.
DOT - Possible short-term recovery
DOT has been in a corrective pattern for 2 months, and my primary scenario considers this is a flat correction (green ABC).
If the top trendline is broken, I´ll look for trades targeting the following levels (yellow boxes):
- 8.45 (recent resistance and 38.8% pullback)
- 9.75 (minimum level for a flat and 61.8% pullback)
- 11.22 (major resistance and 88.6% pullback)
- 13.13 (123.6% pullback, which is a typical level for flats)
DOT/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
We're currently sitting on the big green support line, if we lose this we have another support around $3(unlikely)
We have already dropped by 88%
Going down to the bottom green line would be about a 94% drop from ATH
$6 to $3 is 50% drop.
We have a small unlikely chance for another 50% drop with a possible gains of 972%
Risk Reward ratio: 16 for current price @ $6.9
The more you can get at any price lower than current, your RR ratio is even higher.
Polkadot Adam & Eve Bottom Pattern (90%+ Potential Profits)We have a classic pattern show up on the DOTUSD (Polkadot) chart.
The low was set 13-June;
DOTUSD continues trading above support (light blue).
Currently, we can see prices challenging EMA10, which is the first barrier to conquer for the bulls to move ahead.
As the days go by and prices grow...
We can have a massive bullish wave!
First, easy 30%...
Followed by, 90%+.
You can find more on the chart.
Remember to plan ahead.
Remember patience...
The market gives, the market takes.
Be strong.
Play safe.
Thanks a lot for your support.
Namaste.
DOTUSD Candlestick IdentificationMy 2 cents on on trending phase analysis, showing different candles to identify upcoming bullish trend.
DOTUSD Bullish IdeaBullish engulfing pattern observed along with Higher Low peak. This leads to an assumption that the trend will be bullish.
Going DownWe have the harmonic pattern along with the break of the trendline then a retest and rejection off support which is now resistance....
MY MINIMALIST CHART ANALYSIS FOR POLKADOT06.16..22
0420H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
ALERT:
My Bearish Bias: I do think that It will reach the 3.7 USD ZONE as it follows the trajectory of $BTC
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy and about at the bottom.
1. RSI 28: about RIPE for ENTRY
2. STOCHS at the almost LOW 21.6/22, looking at a correction anytime soon this week.
3. Volume on the sell side has increased, the spike that we were looking for. This means we have a lot of supply in the market. BUYERS are coming in for this kill.
4. If it breaks the 6.6 zone, the market will try to find strong support at the 3.3 zone, If it does not break, the 7 zone a zone of capitulation will be the reversal of the trend.
5. 3 entry points marked in orange price notes.
Looking back since the beginning of the year,
the Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"Follow the white rabbit!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE to where the MARKET will take you.
TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My Minimalist BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Vive Le Diamond Hands!
DOTUSD Long Term Bullish Projectioni am Looking #Dotcoin 80$ and 200$
Time is Money
Best regards Zeeshan Butt
DOTUSD ❕ downward channel in liquidity zonePolkadot is moving in the liquidity zone within the downward channel.
Trading volumes are declining.
Price has broken down the 100MA on the 1H Timeframe.
50MA has broken up 100MA on the 4H Timeframe.
I expect DOT to rise after the retest and price fixes in the channel.
#DOTUSD LONG, Breakout & RestestDOTUSDT breakout trend and retested
LONG: $8.026
STOP LOSS: $7.96
TAKE: $10.36
Risk on in DOT DOT has often been viewed as an alt layer 1 solution. Some call it a layer 0, as it is seeking to link unique blockchains into a single collective, cohesive network.
For comparisons sake, if viewed as a layer 1, then DOT's market cap as a percentage of ETH has dropped to 4%. So keep risk mgmt monitored closely.
DOT benefits from deflationary pressures as more tokens are locked up or bonded with every parachain auction.
For clarity in jargon: Parachains are individual networks running in parallel to create a harmonized, interoperable ecosystem.
In May, they announced liquid staking to their (POS) network of blockchains, to reward additional revenue by earning extra yield in decentralized finance (DeFi) applications.
We recently saw a massive growth in trading volume, however what resulted was a decline in price. This spike was an indicator of bearish sentiment.
