Get started

Polkadot

#Polkadot down 88% in 11 Months, is the DOT Bear Run Over?Past Performance of Polkadot Polkadot, like most coins, is inside a trading range, and buyers are yet to unshackle themselves from determined sellers. From the daily chart, DOT is up a paltry six percent from September 2022 lows. However, from the daily chart, there are flashes of strength, signaling growing upside momentum. #Polkadot Technical Analysis DOT is within a bear formation but bottoming up from 2022 lows. Even though the coin is shaped by the losses of September 18, the rejection of lower prices in the first week of October may be the basis for more expansion in October. Whether DOT's impressive performance thus far can continue depends on whether there is a high volume close above the middle BB and $7, the upper limit of the current consolidation. In that case, DOT may easily soar to $8 and later $9.5, marking August 2022 highs. What to Expect from #DOT? DOT is at around 2022 lows and down 88 percent from 2021 highs. After months of lower lows, the bear run may be near. However, this depends if DOT can close above $7 with increasing trading volumes. If not, further losses below $6 may quickly lead to panic sales to new 2022 lows. Resistance level to watch out for: $7 Support level to watch out for: $6 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Polkadot (DOT) - October 5Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) Whether or not it can move higher than 7.16 is the key. (1D chart) 1st resistance: 7.16-7.74 2nd resistance: 9.26-10.13 A volume profile section is being formed around 6.28. So, the key is whether we can find support and move up around 6.28. If it fails to move higher, it is expected to move towards the 5.11 area. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
🚀🔥Long on DOT: same situation as with XRP before 40% PUMP!Hi friends! Just take a look on the chart and volume indicator. Do you see how many times the whales buy the bottom of DOT? I think they do it to make money unlike the retail traders who buy at the top and sell in loss). The spike of the volume is always at the bottom, as you can see on the indicator. This means that the big players might already accumulate enough DOTs. The same situation were to XRP before the PUMP: 1. a lot of buyers at the bottom 2. lost interest to the coin from retail investors/trader 📊 I see this preconditions to open a long: 🔥squeeze to the upper trendline You can try to open a local trade on the wedge breakout if you are the intaday trader. 🔥 bulls BUY limit order wall which is support the price and doesn't let it to fall 🔥 bullish BTC pull the altcoins to the top. 🚩 I use DOM and Footprint dcalping tools for the purpose of identifing the big players. Big players are the reachest on the market and as you know they choose the right size in the most cases. I prefer to follow the whales. ✅ The targets for the long: 1. $7-7.33 - the closest value area and resistance 2. $8.05 - the key level 4. $9-10 is importan psychological value area for traders. A lot of them will book the profit here 🔥 I also recommend you to book profit at least 25% when the price reach the targets. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
by Yuriy_Bishko
9
Polkadot (DOT) - September 25Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) The key is whether you can climb to the 11.72-14.93 section. To do that, we need to see if it can rise above 7.16. (1D chart) If it fails to rise above the downtrend line (1), it is expected to decline towards the 4.16-5.11 section. The 11.72-14.93 section is a trend-determining section and is a strong support and resistance section. Therefore, as we get closer to the 11.72-14.93 range, psychologically, if we don't buy now, we will continue to feel like we are about to surge. Therefore, you should buy after confirming that it is supported by rising to the 11.72-14.93 section. Otherwise, you will most likely make the mistake of buying at the high. The final section where you can buy is possible when you see support in the 7.16-7.74 section. If you buy in this range, in the short term, you can take profit when you find resistance in the 9.26-10.13 range. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Kusama AccumulateWhat Is Kusama (KSM)? - Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains. - By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.” - This is a long term trade, as we remain in bearmarket for now, KSM could enter a long consolidation corridor. - KSM can be staked in Kraken for 18% (and more exchanges) or Onchain via Polkadot.JS - Total Supply for Kusama is Total 9,651,217 so his price is far under valuated. - When you see BB is thinner and thinner a potential move is about to start. - Remember that all altcoins follow TheKing so if BTC don't move, they won't move. - i will post my older KMS Chart in comments. ------------------------------------------------- Trading Parts ------------------------------------------------- Buy : 40$ ish ( Now ) Rebuy : 25$ ( Max Buy if we have a BTC wick ) ------------------------------------------------- Tp1 : 999$ Tp2 : 1499$ ------------------------------------------------- Happy Tr4Ding !
KRAKEN:KSMUSDLong
by thecryer
5
Polkadot: 22% drop or $7 retest ?Hello all and thanks for your continuous support. As the entire market, so does polkadot headed south today. Currently trading inside a falling wedge pattern, the chances for breaking bullish out of this pattern are very little. As such, my bearish price target for this pattern formation is $4.70. This is our 161.8% fibonacci retracement level. The $4.7 is the lowest horizontal support level since December 2020. Keep an eye on the descending line of support of this falling wedge pattern sitting at $6. If we loose this level we are going to $4.7. This will be another 22% drop. If the price successfully breaks above the fib golden pocket we have a chance of retesting the $7. Thanks for reading, and stay tuned. Enjoy.
BINANCE:DOTUSD
by EdgarTigranyan
Ever seen a 🐳 w/ a POLKA #DOT tail? DOT/USD 12hr trade set up. Looking to go long if price action confirms $6.80 as support (Entry option #1). W/ a break down of $6.80 I will be looking to $6.44 to see if this level confirms as support (Entry option #2) Most Alts pose a bit higher risk at the moment due to the possibility of Bitcoin breaking down while it flirts with 19.3-19.5k but they also pose a higher reward. Entry 1: $6.80 Target 1: $7.90 Target 2: $8.60 Stop Loss: 4% below entry based on your own risk. Entry 2: $6.44 Targets: Nothing changes Stop Loss: 4% below entry based on your own risk. Never trade with out a stop loss unless you want your swing trade to turn into a HODL position. Should support break down and confirm, I will be looking for another Entry at #2.
DLong
by jlouvierobv
1
DOTUSDTHello my dear friends Keep in mind that the main trend of the market is downward in our opinion! But currently, according to the positive divergence of RSI and the formed pattern, if the current trend is higher than the price range of $7.23. And on the condition of maintaining the range of $6.79, the possibility of forming an upward trend up to the specified ranges is not so unlikely. But if the price moves below the price range of $6.79, the possibility of continuing the downward trend to the yellow range ($6.29) will be strengthened. We would be happy to hear your comments
Long
by FiboTech