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DOTSOL_6M5NJK.USD trade ideas

✴️ Polkadot Gets Closer To Bullish Explosion (90%+ Target MappedThe Altcoins that we are seeing produce massive breakouts all have this same pattern, the same price action we see on the DOTUSD (Polkadot) chart. It can be simplified as a higher low in June 2023 vs December 2022, sometimes a double bottom or lower low. Simply a wave followed by a strong correction and now we are entering a new bullish wave phase. Here DOTUSD can be seen trading above EMA50 daily, which opens the medium term growth potential with a 90% easy target. Notice how moving above this level back in January leads to fast, strong growth, weeks of sustained growth. This is what we are looking at now. Things can change and that's why we have a tight stop-loss represented here by the blue dashed line. Hundreds of Altcoins already confirmed this pattern but now the small cap. Alts are moving first, then the Bitcoin and the bigger ones. Namaste.
CRYPTO:DOTUSDLong
by AlanSantana
Polkadot Targets For 2024-2025ETHEREUM CLASSIC COMPARISON Ethereum Classic is a coin from around august 2016. It had its first bull run in 2017/2018. It had its second and most powerful bullrun in 2021, when it made an approximately 53x from its (double) bottom. Coins that were "new" during one bull cycle often perform best in their second, more mature bull cycle. What can be observed with ETC, can also be observed with LTC, ADA, and plenty of other coins that had a first good bull cycle, but an even more impressive 2nd. After the 2nd cycle, the returns tend to diminish because of saturation, large amount of bagholders, and a larger marketcap. POLKADOT Polkadot is coincidentally a coin from around august 2020. It launched just in time to participate in the 2021 bull cycle. According to some, it under-performed compared to other cryptocurrencies. As of July 2023, we can observe a double bottom pattern on the weekly BINANCE:DOTUSD chart, with the 50 weekly MA also flattening out, which is a positive sign for bulls as it shows a weakening bearish trend. Polkadot's BTC ( BINANCE:DOTBTC ) pair is also extremely oversold on the weekly chart. PRICE TARGETS Looking at COINBASE:ETCUSD , we can see that Ethereum Classic had a blow-off top to the 3.618 fib level in may 2021, reaching a price of over $165 dollars, or a 53x from its bear market lows. If Polkadot were to perform similarly, it could potentially reach a price of $193, corresponding with its 3.618 FIB level. A 53x from its bottom would give us an approx. price of $220 per DOT sometime in 2024 or 2025. PRELIMINARY TARGETS FOR DOT Polkadot does not have extensive price history like bitcoin or ethereum classic. One of the most important indicators to watch is its 50 day weekly moving average, which currently sits at around $6.14. This price correlates with important horizontal S/R levels. If DOT manages to break past this level, which it currently is not far removed from, then we can expect a rapid appreciation of price. Targets to watch after breaching this level would be between $14 and $23. WEN ATH? I believe Polkadot's new ATH will coincide with that of the broader cryptocurrency markets. I believe Bitcoin will reach a new ATH between april 2024 and january 2025, so I expect DOT to reach a new USD-ATH within this same timeframe. POLKADOT IS SAFU Polkadot was one of few major PoS (Proof-of-Stake) cryptocurrencies not in the SEC's filings against Binance and Coinbase. This has to do with Polkadot/Web3 Foundation having successfully morphed Polkadot to become software, rather than a security. What sets Polkadot apart from other coins/projects such as ADA, Cosmos, etc. is that Polkadot was actually originally registered as a security. The teams behind the decentralized Polkadot project are doing everything according to US securities law. This could prove to be beneficial from Polkadot during the upcoming bull cycle. POLKADOT IS THE MOST ACTIVELY DEVELOPED BLOCKCHAIN Polkadot is one of the most actively developed blockchain, rivaling Ethereum and Cardano. Polkadot is an ecosystem and the people behind it are extremely talented and passionate and focus more on building rather than worrying about the token's price. Gavin Wood, the creator of Polkadot, is also one of the co-founders of Ethereum. The Web3 foundation is behind Polkadot – in fact, Polkadot is their flagship protocol.
BINANCE:DOTUSDLong
by couldntcomeupwithone
4
✴️ Polkadot Next Target Can Be Above $8 or $18?We just experience the last and final shakeout... What an amazing market. The SEC felt very annoyed seeing that Bitcoin and the Cryptocurrency market is growing and sent out a negative message concerning the Bitcoin Spot ETF, obviously, with the intention to harm the market, common people, entrepreneurs and traders, and everybody involved in the Crypto space, why? It is very likely that Polkadot just experienced the last shakeout, the same is true for the entire market. We've been hearing, seeing, feeling, sensing, going through strong negative news for more than a year yet the recovery continues. Today a retest of EMA10/21 took place and now prices are above EMA50 ($5.10). If DOUSDT can close above EMA50, the bullish bias is re-confirmed or strengthened. Since we are entering the weekend with all green, we can expect things to flow and prices to grow. The proof is in Bitcoin Cash, now also Litecoin, Compound and all the rest; It used to be only one Altcoin moving forward, now many are moving ahead. This will continue to evolve, until a full blown bullish wave is upon us. It can last 3 weeks all the way to 3 months. Polkadot can easily hit $8.65 as a higher high or maybe even more. This is just a conservative target... It can go as far as $18, but this analysis is short-term so let's not go there. Namaste.
CRYPTO:DOTUSDLong
by AlanSantana
1
✴️ Polkadot's Correction Ends In A Double BottomRemember all those 5X leveraged trades we had for DOT at the beginning of the year? It is said that opportunities are endless in this market. It is also said that there is always a second chance, sometimes even a third and fourth chance present themselves. Well, if you missed it once, here is your second chance. Polkadot produced a double bottom pattern. The first low happened 30-Dec. 2022 at $4.22. The second low happened 10-Jun. 2023 at $4.22. After we hit bottom, the only place left to go is up. Also notice the classic ABC correction... All these signals are pointing to an upward move, a bullish wave; A relief rally in the least but growth. Again, when in doubt, look around. If doubt creeps in, we can look at the Altcoins that already moved ahead. They had similar patterns and yet we see a year long high, new daily high, growth all across. Since we have thousands and thousands of Altcoins there will be variations in the charts but a rising wave lifts all boats. After a 4 months long correction, it is time to go up. - Notice that the bullish wave in January only lasted 51 days, from bottom to top. - The correction went from 111 days from top to bottom... This is enough. In any case, you can always prepare with a nice strategy in case something goes wrong. This is not financial advice. Remember that the markets are unpredictable and there is always risk involved. I trust we are all adults and responsible for our own actions. Thanks a lot for your support. Namaste.
CRYPTO:DOTUSDLong
by AlanSantana
1
Polkadot going to $0,50? Polkadot dead?Polkadot is one of the worst performing altcoins. On top of being a poor performer during the bullrun (compared to other coins), it is also the worst performer during the bear market. It appears interest for polkadot has disappeared. Polkadot has been in a downtrend for nearly 2 years. Downtrends tend to continue trending down until they continue up. There are no signs of a reversal. Based on the past history, it is possible polkadot will drop another 90% from its current valuation. The chance of polkadot reaching its old all-time-high is, based on current situation, only 0.1%.
CRYPTO:DOTUSD
by couldntcomeupwithone
POLKADOT - 1000% Move Coming!DOT has giving us an EASY trade setup. The big wave 2 was an irregular FLAT correction, which consisted of an ABC wave (3-3-5 breakdown). We are now in wave 3 and we've seen subwave 1 and currently in subwave 2. For confirmation of subwave 3, we can wait for the break of red trendline. Trade Idea: - Safe entry on break of red trendline - Risk entry anywhere above invalidation level - Stops below invalidation level - Targets: 14, 24, 54, HODL the rest Goodluck and as always, trade safe!
BINANCE:DOTUSD
by WicktatorFX
12
DOT - What a time to be alive!Foremost, I have been very happy that our last analysis on Polkadot got a lot of positive comments. Thanks to everyone! Our last analysis on Polkadot absolutely NAILED the projected wave count, the only small difference is that we established an overshooting (b) wave. Nevertheless, a lot of the Polkadot chart hints towards a "Make it" or "Break it" scenario, I don't want to instill fear in you guys but wave (ii) retraced a lot! Polkadot got very near the crucial 0.786 retracement, and it's of great important for me that we don't breach below this retracement. The count wouldn't be invalidated, of course, but the longer we stay at these low prices, the more I get impatient with the upcoming wave (iii). Let me say this clear, especially for long-term investors, we are at very attractive price levels and the fearmongering I see on here is just ridiculous. Polkadot experienced a VERY BRUTAL bear market and lost nearly -93% of it's value since November 2021, bearish investors who now call for "another" -50% price drop should zoom out and really think this through again. Don't get me wrong, it's always important to cover alternative scenarios and one should never underestimate the irrational nature of the markets. But the way I see people on here out "Doom-post" one another is just misleading and fooling inexperienced investors. Stay strong guys, don't act on panic in these times - these troubling times will soon come to an end! Please note that we are already invested Polkadot since the 29th of July and the 14th of February 2023, back then we announced our first positions here on tradingview. If you should have any questions whatsoever, you can write a comment or contact me directly! Long #1 Polkadot ( DOTUSD ) AVERAGE EXECUTION PRICE: 7.33 STOP-LOSS: NONE LONG TERM TARGET: 55$ and more Long #2 Polkadot ( DOTUSD ) AVERAGE EXECUTION PRICE: 6.01$ STOP-LOSS: NONE LONG TERM TARGET: 55$ and more
BITFINEX:DOTUSDLong
by Mendenmein-Capital
2