DOT Polkadot closed 3 of 5 tasks on the 4h chart...DOT Polkadot closed 3 of 5 tasks on the 4h chart...
1. breakout of the resistances on RSI and OBV (done)
2. flip the MA Ribbon bullish (green) (done)
3. breakout of the red trendline channel (done)
4. break the volume resistance
5. confirm breakout(s) and have fun 😎
But be a little careful... hidden bearish divergence with RSI has to be avoided.
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Polkadot
Polkadot is now officially live and onlineOn December 16 at 10:07 UTC, the first five auction winning parachain projects began producing blocks for the first time on the Polkadot network.
Acala, Moonbeam, Astar, Parallel Finance, and Clover are all officially online.
This is a defining moment in Polkadot's 5 year history.
This news is very bullish for a crypto project that has been gaining huge amounts of value while it was just in development stages.
I am very excited for this project, and I believe we can expect the start of another interesting bull run for the $DOT token.
More on this announcement :
polkadot.network
PolkaDot Ready for $100 Club because Strong Buy Pattern#DOT/USDT Exclusion TA Update:-
$DOT finally hit again Strong support as I mentioned in my chart many time.
Strong support = $24
Now Chart..?
As per chart $DOT is bullish and I am also Accumulating here.
I am expecting 150% Profit form support level.
Every time Strong bounce back because of Bullish engulfing Pattern.
This time also Bullish engulfing Pattern at Strong Support level.
Entry:- $24-$28
Target:- $40/$60/$170
Stop Loss:- 23
Don’t forget to Click LIKE button guys.
Polkadot $DOT Will Reach $100 by The End of April, HERE IS WHYThis is my medium term analysis on $DOT and there will be none to follow for quite a while, so tune in and enjoy the ride!
INTRO , Polkadot $DOT established a new trend and finished its short term explosive cycles, which fired it above $50 from below $5 in december last year as predicted in my previous analysis. By breaking into top 10 leaderboard a true altcoin behaviour can be noticed with a 1:1 correlation to the $BTC price. This takes away crazy 10x upsides, but on it's own is not a bad thing and makes $DOT a viable and future SAFE alternative to holding BTC with over 12% APY and much greater potential if the altcoin correlation is broken due to growing number of project launching their own parachains.
DIMINISHING RETURNS , become more and more prominent with every 105 days micro cycles, the upside vs $BTC decreases by around 0.5x. As Bitcoin gears for a final phase of its explosive bull run a clear target of above $100 can be noticed within the time range of anticipated BTC cycle end range. This analysis assumes BTC top to reach around $113k and is my personal take on the highly uncertain market. The hossa should last as long as stonks won't flop for which they are long overdue. That being said real world markets often can stay overextended for a very long time thus all immediate doom predictions should be taken with a grain of salt.
LONG TERM , Polkadot can easily take a spot of Ethereum within the next crypto cycle (~4y) as reality of ETH 2.0 not being what it supposed to be sets in along the final PnD. The Ethereum clearly becomes a leading force and can easily reach 0.1 ratio by the end of the current cycle, temporarily overtaking BTC in CMC. As Ethereum shows its strengths which can already be seen with a superior to $BTC market structure a speculation regarding its future competition will become apparent.
SUMMARY , Polkadot is expected to reach its top between March and September with most likely cycle top in April, the major resistance and support level should be expected to be $42 to which we should return within the next 3 months. With 2.5x return against BTC from current bottom a great alternative to Ethereum with a whopping 12% APY is painted. At current price levels Polkadot definitely can't be ignored in any highly diversified portfolio. If you have any questions or want to see more posts like this click the follow button and add a comment below.
DOT/USDT - Potential 89% SetupHello Traders!
The upward movement of DOT has corrected to the Fibonacci level of 0.618, as a result, the price stands in the buyers zone of interest of $25.00 - $28.50.
This opens up a good potential for a medium-term trade with a good risk/profit ratio.
We can look for buy entry in the range of $26.00 - $30.00
The position should be closed by the stop-loss if the price goes under the mark of $21.75.
The profit taking targets will be price levels of
$39,00
$45,50
$54,00
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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
Market Update - A few of my favorite altcoins - Primed & Pumped!In this video:
* I review the overall market picture
* I review a few of the altcoins that I have cherry picked out of the many which appear to be vastly oversold, vastly undervalued, and/or have beautiful setups for entry
Best of luck traders!
Stay safe out there.
And Merry Christmas!
DOT is deeply undervaluedPolkadot price is bottoming out around $25 and its showing signs of turning bullish. RSI indicator is starting to rise from the oversold levels as bulls strongly defend the support zone. The price is down some 50% from all-time high reached in November and has lots of room to grow. This is a good area to accumulate positions. Don't forget DOT has staking option.
Bullish news on DOT ->
Deutsche Telekom AG subsidiary – T-Systems Multimedia Solutions (MMS) has bought an undisclosed amount of Polkadot (DOT) tokens in latest blockchain push. MMS is not new to the world of blockchain technology as DOT has become the fourth blockchain that the German telecommunications giant has added to its list.
DOT/USDT ChartBefore I start to talk about DOT I would be grateful if you could follow, like and leave a comment about the idea, crypto market or any tip on how I can inprove. I'm starting way more often, so please check my recen ideas.
DOT has been a great investment in this bull run, and I think that we might see the coin reach 40$ 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
See LIT at $3, buy LIT at $3Key level, gotta take inventory.
I'm bearish on BTC currently, pending how it goes breaking current trend line, so this LIT long is more a hedge so I have some exposure if BTC runs.
LITs a great project, I love it, DOT could do a SOL and AVAX style run with all the parachains going off the next 6 months.
Polkadot slowly getting readyPolkadot has been in this descending channel since its ATH, from its price history it can be seen that it respects ta very well so if it was to breakout I could see it riding all the way up to at least 35ish dollars where the .382 fib extension before retracing, making a higher low and going again. It is showing daily bullish divergence on both oscillators and also showing signs of seller exhaustion on the 4h and less. However, it hasn't got much support in this area except the minor one that it has held so far. A btc dump would see it easily break the dotted support and head to the next one. I will only be long at a break of channel because of this reason.
Good Position for DOTGood Position for polkadot and +45% Profit ! ;-) . please check it first and do it on your RISK .
DOTUSDT | Looks Bullish..!!
#DOTUSDT (Update)
Falling Wedge Formation along with Massive Bullish Divergence in 4H timeframe Chart.
Expecting Massive Breakout..
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