Altcoin comparisons - In case of a correction Following my Wyckoff study two days ago, the potentials for a BTC "Spring" event to effect the Alts needed some consideration. In this study, I have four altcoins for review of their reaction in a BTC correction. I am looking at XPRT, THETA, ADA and DOT. Of all the coins, I find it most difficult seeing THETA making a lower low given it is so far below where I feel BTC will go (in percentage terms). However, anything might happen.
Polkadot
POLKADOT will be a game-changer in 2022The resistance levels are 38.5usd and 45 USD if it can pass the imperative level of 32 USD. Then, it will go on this rising flag to other levels of more than 60 USD.
Polkadot is the leader of all web 3 coins and tokens and for this year, 2022 will be a game-changer and follows the way of Solana soon.
POLKADOT ANALYSIS As you can see, it is a bulish market for #DOTUSDT !! Weekly TIMEFRAME !!
Weekly TIMEFRAME
Dot, did not have a good rest because of the intermittent parachaine auctions .
But for now, two scenarios can be expected:
1. According to Trend 1 : it broke its previous resistance, then the resistance has become a good support, so far it has pulled back to its level. If bitcoin does not fall, this pullback can be considered as a sign of continued upward trend.
2. Trend 2: If Bitcoin corrects, dot can also breathe a little fresh air and correction to the Fibo level of 0.3.
This is not a buy and sell offer. Pay attention to the word stabilize and do not enter into a trade in a hurry.
DOT: We are just below WEEKLY Pivot Point. Opportunity is here!The DOT / USDT price is just below Pivot Point Weekly, which is a very strong level.
If the Pivot Point breaks, it is possible to open a trade in the Long direction.
If the breakthrough is rejected, we trade the Short position.
Point Of Control levels, which show fair market prices, are also important.
The opening of positions will also depend on trends, so we need to follow the rules of our strategy. We are the traders, not stupid gamblers. Patience is the key!
Happy trading, Alex_UCT
DOT Exchange Trading Idea 22-01-02Last week we were looking for price to break above the 50EMA which it didn't. Currently back in the middle of the 50% zone so really not a decent sign of price going back up. The price is still a good price for DOT but the issue with getting in now is that your capital may be tied up for longer than you want in order to get your % gains.
DOTUSDT-LONGBased on technical factors there is a long position in DOTUSDT Polkadot
DOTUSDT Polkadot
Score 1️⃣
🔵Long Now or set on Key Level 28.50
🟢Target 1 30.40
🟢Target 2 32.00
❌Stop loss 27.70
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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#Polkadot´s 4 tasks on the 4h chart... #DOTPolkadot´s 4 tasks on the 4h chart...
1. breakout of the resistances on RSI
2. keep the MA Ribbon bullish (green)
3. clearly break the volume resistance
4. confirm breakout(s) and have fun 😎
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
DOT BREAKOUT ICHIMOKU, TREND, FIB TARGETS AND SUPPORTBINANCE:DOTUSD
Polkadot Breakout
DOT broke out of pattern ahead of BTC, getting support from daily trend.
If breaks (daily trend) down here are the targets..
ICHIMOKU CLOUD
DOT is getting supported by the cloud and if DOT stays on top of it for a bit longer, the cloud will turn green creating immense upside pressure.
Also the ichimoku cloud, lines perfectly with Daily Trend acting as support.
Any price below 25$ is basically a steal..
BTC DOTUSD DOTUSDT
Why I am buyer at the moment ?!hi my friends
at the moment with 47500$ BTC we can hunt altcoins in their support's price
we can buy DOT now at the market price of 28$ and another step in 24.5$ to the targets shown in the chart
red lines are static and dynamic supports and are good buy opportunities.
have a good investment and have good days in the red market
after all technicals, Polkadot have good fundamental as their auctions and projects which can lead it to the moon in 2022
NFA
DOTUSD needs to break the 1D MA50 asap. More downside if not.Polkadot had a brutal rejection yesterday just below the 1D MA50 (blue trend-line). Being on a corrective wave since the November (All Time) High, the price needs to reclaim that trend-line as failure to so has brought in the past a Lower Low. The obvious comparison is May-June-July 2021. On June 03 the price failed to break above the 1D MA50 and that resulted in two Lower Lows until July 30 when it finally broke above it and started a rally until November.
Being on the Channel's Buy Zone (green area), DOT is even now a solid long-term buy though, and also there is a hidden RSI pattern (dashed lines) that shows that we may actually be on a July 26-like rejection and not June 03. We will soon find out but one thing seems for certain, a break above the 1D MA50 is a bullish break-out signal.
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