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DOTUSD

Polkadot Now has LARGER 1-2 SetupPolkadot (DOTUSD) invalidated its nested 1-2,i-ii setup that was our primary PURPLE pattern by breaking below the 25.75 support. While that is unfortunate and makes the bearish RED alt pattern more likely, the new primary GREEN pattern now identifies our 55-top as larger subwave(i). And that means our standard overhead targets for DOT have risen substantially . Subwave(iii) now targets 235-349 while Subwave(v) now targets 445-660. There are also strong Fibonacci confluences at 191, 381, and 583 at which we can see pullbacks. The larger 1.618 ext at 1161 still looms and could possibly serve as the major top for Polkadot if things go extra bullishly. All this is great news as long as we stay over support at 19.69 , which marks the 61.8% retrace of our new green subwave (i). Dropping below that can substantially increase the likelihood of the bearish RED alt pattern manifesting. Officially, breaking below 10.34 will make the bearish red pattern my primary, but in all honesty, if the altcoins are going to see that kind of bearishness, BTC and ETH will flash strong warning signs well before we get that low! As the rally continues, it will become more and more important to focus more on dollar-cost-averaging (DCA) to purchase DOT as opposed to buying in large lump sum amounts. The risk-level increases as the price rises, so your window is closing on deploying larger amounts of cash. Remember to diversify not only what you purchase but also the TIME of the purchases; that's where DCA can help! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #polkdadot #dot #polka #crypto
KRAKEN:DOTUSDLong
by Critique-al-Thinker
3
DOT/USDT ChartBefore I start to talk about DOT I would be grateful if you could follow, like and leave a comment about the idea, crypto market or any tip on how I can inprove. I'm starting way more often, so please check my recen ideas. DOT has been a great investment in this bull run, and I think that we might see the coin reach 40$ again if BTC resumes the uptrend. The coin is in a good buy range at 26$, and if we break the 30$ resistance we will probably hit 40$. If BTC goes down a drop to 18$ is the most probable scenario. DOT has very similar paterns in the two stages of the bull run so we can expect a sideways movement like we saw in May and June. For now the best we can do is wait for the BTC price movement before entering a postion on DOT. I remain confident that the coin will break the resistance and go up because BTC chart doesn't have any sign of a big crash yet. Comment what you think
by Devan-CryptoCharts
DOTBTC + DOTUSDTWith BTC recovering, DOTUSDT is naturally following the market trend. Interestingly enough, the potential bounce zone is on a very important point, right at the bottom of the bullish channel. on Both Pair! Assuming that BTC will remain bullish/neutral in the near future, there's a decent probability that Holds this level and we will see more bullish price action in the coming month towards the top of the channel. So patient my friends! DOT/ETH is also oversold. I expect to bounce from here once ETH cools off bit! And big-cap should outperform ETH old update still valid:
by CryptoUltron
This smells exactly like last year - A christmas punt on DOT!Hi folks! Although I am still of the strong belief that the entire financial bubble will pop eventually (still holding on to some of my VIX futures), I do not trust fundamentals one bit right now, so I have to duck down into the dirty world of relying on sentiment prediction alone. The best bet in that regard seems to be the DOT (paid for in U.S. Dollars) - both due to the fact that things happen very fast in the Polkadot ecosystem such that it might be reasonable to hold during a crash, and that the T.A. seems favourable in terms of making a punt (MACD cross + div, RSI div (not shown), MFI buy singal, decreasing vol on downturn, might burst downtrend today). DYOR. NFA. I wish you all well! Merry Christmas btw :)
Long
by TheDots
Polkadot Price PredictionDOT has edged lower after pulling back from Thursday’s high of 27.79. The altcoin has been on a downtrend since early November when it hit its all-time high at 55.28. Currently, Polkadot's price was down by 3.77% at 25.35. On a four-hour chart, it is trading below the 25 and 50-day exponential moving averages. It is also below the long-term 200-day EMA. In the short term, I expect the crypto to remain under pressure. It may trade within a horizontal channel between the week’s low of 24.17 and the 50-day EMA at 26.80709039. Below the range’s lower border, the bears will be eyeing a 5-month low of 20.00. On the upside, a move above the upper border will likely place the resistance level at 30.02. However, as long as it remains below the 200-day EMA at 32.69, the Polkadot price will remain in a bear market.
COINBASE:DOTUSD
by thomasfullerofficial
DOTUSDT Is On SaleThere are many ALTs out there that have been far oversold! Though some of them have moved already (I did not get an AVAX chart in time) there are others that haven't moved yet, but I expect them to do so. DOT is a great asset and at the prices it is sitting at now, its a DCA no brainer. So if you missed out on SOL, AVAX, CRV etc, this is a great choice to round out your portfolio during this alt sale. Some alts move with BTC as it bounces from a comeback and others move after. The RSI has hit oversold levels and its time to add to the bag. Thanks again everyone! This is not financial advice. Do your own due diligence.
Long
by mysticalwalrus
8
Polkadot Future is BrightFast update. - Let me be clear on Polkadot, we didn't break any up trend while BTC was dipping. - As you can see on the Graph DOT bounced on his trend (White Line) ( Actually EMA100 / 1D TF). - Acala Network Won first Parachain. - Second Parachain Round just started. - Don't forget that Polkadot huge ecosystem, not same as Solana (Smaller), it will take more time but the long term finality could be impressive. - Unless TheKing not fails Polkadot won't dip more, like most of all altcoins. ----------------------------------------- Trade Plan Unchanged ----------------------------------------- TP1 : 75$ ish TP2 : 100$ ish ----------------------------------------- i will add in comments olders analysis. Stay S4fe and follow the King! Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
15
After seing the reaction today, I am making a punt on DOT.Hi folks! After seing the mad reaction of the tapering today (obviously people believe inflation will outrun interest rates and then make no negative impact on the economy along the way!), I am going full T.A. (=MAD) and placing a long on DOT with my profits from my VIX trades. It is important to say that I strongly believe in a massive crash in financial markets soon, so this is just a very short-sighted punt based on nothing but T.A. T.A. picture is clear in dot: MFI turned green at the same time as we have a golden cross on the 1D in DOTUSDT. My bet is 5x DOTUSDT perp futures at 26.6 with SL 24.9 and TP 45 (probably closing this or get liquidated before 45). DYOR. NFA. I wish you all well!
Long
by TheDots
DOT is Possibly forming a Head and Shoulder Pattern.Hello every one DOT / TETHERUS DOT is in a Big Head and Shoulder Pattern. But The Right shoulder has not been Created yet! The Strong Support For DOT Right Now is around 25$ which is also The Neckline for The Head and Shoulder Pattern. There is a Resistance around 39$ as well. Some Bullish Signs are Visible on The Chart. For Example PARABOLIC SAR Shows Some Dots Under the Price which means The Price is Getting Ready to Go Upward! There is also a Regular Bullish Divergence (+RD) on MACD & we can see a Bullish Cross is gonna Happen on MACD's lines as well!(Blue Line which is MACD line is gonna Cross The Red Line which is the Signal Line). all these Evidences Suggest That The Next Shoulder of this Head and Shoulder Pattern will be Created and After That the odds Of breaking The Neckline and moving Downward For DOT is Pretty High! Summary: -DOT is Trying To form a Big head and Shoulder Pattern -Support at 25$ -Resistance at 39$ -Right Shoulder has not been Created yet -Parabolic SAR & MACD Suggest the Creation of The Right Shoulder Is Possible -No Break out From The Head and Shoulder yet, But It will be bearish. 🔴This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
1
BTC bounced ? now its time to long or not ?Hi, In the previous analysis I warned you that BTC will continue to accumulate and will remain stuck here for a couple of weeks I explained why it comes down to what was the causes and how it can touch ATH again, so always remember if there is a pump on weekend then you should immediately book profits and it will come down on Monday that what happened, and as mentioned in my previous analysis that it will come to 45 and it does now on my chart there are two possible scenarios, first, if the current wick closes below that then it will come down under 45500 and there is a little bit of pump we can see eventually it will come down again for more buying pressure, Second, it will go up till 48500-491100 and sell pressure will come in and again it will be in that situation but if you talk about where we should start buying? I think you can buy several coins right now if it comes further comes down then buy again buying 40% here not more than that I generally don't believe in fancy charts or patterns, this all comes down to volume these all patterns all depends on volume so beware of that fact I can generate more followers by doing that but there is no benefit of that Thank you
by ProfessorMH
Polkadot: My Trading Plan and Where is the Bottom?From my point, Polkadot is one of the most interesting assets in the crypto market. It has very strong fundamentals as well as a good room for upward movement. Several weeks ago, we could discuss the potential top around 100$-150$ in the bullish market. Today, probably the ATH will be the perfect target for 2021 and the beginning of 2022. Let's look at the daily chart and try to plan our future trading based on the price action at the key levels and signals from indicators. The price moved downward from 55$ and bounced from the key support between 26.504 and 24.85$. This support is very important for the market. Just look at the price action around these levels in the past. The prices bounced from the key support several times. We could say that the price reached the bottom. Also, if we use the Fib tool, we can see that the price reached 0.618 level. It shows a deep correction in the trend market. RSI reached the oversold zone and confirmed the price reversal. The same goes for the MACD histogram. The candlestick patterns supported the price reversal as well. The market had everything to start a new upward movement the direction of the main trend from this support. But every time the price started the upward movement and built the bullish structure in the hourly timeframes, we could see bearish pressure and further downward movement to the support. For me, it is a sign that manipulators are not going to push the price upward. They are not ready. Probably they have another plan. How to plan future trades? From my point, there is not much sense to continue the downward movement as the market doesn't have much room for it. Maybe an additional 5-10% below the support will be possible. If we use the Fib tool again, the lowest level for a correction movement is 0.786, and it is 20$. In many markets, such deep correction will tell about a trend reversal. But the crypto market is a high volatility market, and we could see such deep corrections, but the market stayed bullish. I would like to consider 20$ and 0.786 Fib level as the 2nd bottom, but I don't see any fundamental reasons to reach that level at least right now. I think the most logical movement will be to show a breakout below the key support in order to kick as many retail traders from the market as possible. The manipulators can push the price below 24.85$ in order to reach stop orders of those traders who have long positions and margin traders. It is easy money and why not take them? After that, the manipulators can push the price upward. We will see a false breakout below the support and maybe a daily candle with a long wick on the chart. If so, it will be a strong bullish signal. My trading plan is the following: 1. A new reversal from the support will give me trade opportunities for buying. 2. A false breakout below the support will give me new trade opportunities for buying. 3. A breakout below 24.85$ will close my long positions by stop, and I will wait for new trade opportunities from 20$ and 10$ levels. And what about you? How are you going to trade if the price moves up? How are you going to manage your active positions if the price moves down? Share in the comments, let's discuss. Thanks for your attention! I hope this post will give you a better understanding how the market will be able to move further and you will plan your trades properly. Also, I will be grateful if you support my work by smashing the LIKE button! It motivates me to continue my work on this platform. Have good trades!
by DLavrov
42