Dot On Verge Of Massive Breakout In weekly Tf Seems Like Dot has Already Bottomed Out Formed Falling Wedge In Weekly Timeframe Incase Of breakout Expecting 250 to 300% bullish Move In midterm
Polkadot
Polkadot's Bear RunThis one isn't as clear either and looks like it wants to reverse.
It looks like it wants to go up.
The bearish cross can lead to just that, a short-term reversal but it signals a mid/long-term drop.
Look at the volume, it has been decreasing.
The Altcoins move together.
What one does the rest follows...
Polkadot (DOTUSD) is also likely to go down before the next bullish run.
Namaste.
Polkadot Weekly View - March 2023Hello Guys, Weekly Analysis is on the DOTUSDT Symbol in a 1H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
✴️ Polkadot Still Early, Can Go Above $25We've been tracking this pair for a while now, DOTUSDT and yet it is still early.
Notice here how the current weekly candle trades below EMA10 and EMA21, this is set to change and we will see the current price action happen above EMA50 and EMA100.
Notice the rising RSI and MACD as well as the reversal candle printed last week.
This is all pointing higher.
Polkadot is still early, many more opportunities showing up each day.
Patience is key and the market pays.
Namaste.
Polkadot (DOT) Blockchain Infrastructure and Smart ContractsPolkadot (DOT) Blockchain Infrastructure and Smart Contracts: Web3 Foundation and Parity Technologies
➡️ Web3 Foundation web3.foundation , based in Switzerland, is an organization dedicated to promoting Web3 technologies, with Polkadot as its flagship product. Its founder, Gavin Wood, was one of the co-founders of Ethereum and played an important role in developing the leading altcoin, including the widely known Solidity programming language.
➖ In the last four years, Web3 Foundation has granted a total of 480 grants to various projects ( medium.com ). The numbers include 60 grants in 2019, 147 in 2020, 123 in 2021, and 150 in 2022.
➖ Parity Technologies ( www.parity.io ), founded by Gavin Wood, is the company behind Polkadot blockchain. Wood served as CEO of Parity for many years and currently serves as the company's Chief Architect.
➖ Since the launch of parachains in late 2021, Polkadot has become a large and diverse ecosystem with 74 parachains currently active on the network ( polkadot.network ). In total, there are about 550 projects running or in development on Polkadot's technological stack.
➖ Over 200 teams have launched or are creating their own blockchains on the Polkadot network, recognizing that this model better suits their needs.
🎉 Exciting news arrived in November 2022 when Web3 Foundation announced after three years of collaboration with SEC that Polkadot's native token, DOT, has transformed and is no longer considered a security.
Web3 Foundation's Polkadot Reaches New Milestones in 2022: Record Development and Tokenomics Explained 💥🚀
In 2022, the Web3 Foundation grant program reached two important milestones: receiving its 1000th grant application and supporting its 400th project. It's no surprise that Polkadot's development reached record levels in 2022. DOT is the native token of the Polkadot network.
➖ Polkadot has no maximum coin limit (inflationary model), and rewards are distributed through the protocol's staking mechanism.
➖ Currently, there are 1.16 billion DOT tokens in circulation. It is expected that the supply of DOT tokens will reach 1.5 billion by January 2025
➖ Check out the detailed tokenomics ( www.coingecko.com ) and Polkadot's roadmap ( polkadot.network ). Priorities include scalability, inter-parachain communication, Relay Chain management, staking, and bridges to other ecosystems.
💥 In 2022, the project truly showed good development dynamics. However, it's important to keep in mind that Polkadot is still a very young ecosystem (the average parachain has been on the network for only about 6 months). This year, the project team will need to put in a lot of effort to keep up with the race of leading blockchains.🚀
Polkadot $DOT Price breakdownThis is a price breakdown of BINANCE:BTCUSDTPERP based on Smart money concept in combination with Supply and demand and candlesticks.
By using the following:
- Fractals Period 2: major and minor high and lows were identified.
- Trend Change and break of structure were drawn to identify the trend.
- Supply and demands zones were identified by using reversal patterns such as engulfing candlesticks to ensure area of entries and exits.
- Fair value gaps were identified on the charts to identify future reversals.
I believe after market shift formation, Price tends to break the structure to revisits previous demands and supply zones. In this case, It is around a demand area which may indicates a possible bullish signals.
Entry and exits with stop loss are drawn.
DOT PERSONAL ANALYSIS IN THE NEXT 1-3 DAYS The total evaluation for the Polkadot asset is bearish in both long-term and short term time frames. The weekly chart has an obvious arch to the downside but in the hourly chart, you can see a more detailed scenario of where and when you can put a proper short position with confirmation of resistance. The projection can easily go to the downside up to 5.15$ with a MAX weekly downside up to 4.8-5$ -- After that, DOT is a barren wasteland to trade so its better to trade other assets for a better idea on direction and position.
Please take in consideration as well the upcoming CPI inflation data report and make sure to take profits appropriately.
DO NOT BE GREEDY.
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-Wamses
Polkadot Bullish Divergencespotted some bullish divergence on polkadot which looks promising as one of the market leaders, and one of the strongest parachain tokens. would be neat to see it turn around and help the market as a whole
DOT/USDT Technical Analysis ( Bearish in Short Term )Currently, $DOT is trading at $5.70, indicating a bearish trend in the market.
Based on the chart analysis, it is expected to reach the $5 target in the coming days.
It is essential to keep in mind that the support level for $DOT is at $5.61, and if it breaks, the price may drop below $5.
However, $DOT has strong potential for long-term growth, and investors should try to accumulate it during significant dips in the market.
The following support and resistance levels should be monitored:
Support: $5.61/$5.11
Resistance: $6.15
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Follow me for real-time updates on the crypto market.
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#crypto2023 #buildtogether #altcoins #DOT #PolkaDot
POLKADOT - BOTTOM IS IN!From looking at POLKADOT on a high timeframe, we can see that Polkadot has completed wave 2 PERFECTLY and the bottom is in.
We are now looking to ride wave 3, we made one impulse to the upside and now we are correcting that move.
See lower timeframe analysis for the breakdown.
Trade idea:
- Watch for the completion of the current correction
- Enter at the break of wave 2, stops must be below the bottom
- Targets: 14, 24, 54, HODL the rest
Goodluck and as always, trade safe.
#Polkadot Retests Base of Bull Flag, Will DOT Bounce From $5.8?Past Performance of Polkadot
Polkadot is steady at spot rates but remains pinned within a bear range defined by the end of last week's wide-ranging candlestick. The trend will shift unless there is a high volume expansion from spot rates, thrusting the coin above $6.7. Therefore, unless there are changes, how DOT reacts at the $5.8 support would shape the immediate term.
#Polkadot Technical Analysis
From volume analysis, sellers have the upper hand if DOT is within the bear bars of March 3 and 4. The immediate resistance lies at $6.3, while prices must hoover above $5.8 for the uptrend to be valid. The support forms the base of the bull flag following the retracement from February highs at around $7.5. A follow-through confirming losses of early this month might see DOT drop to $5, the 78.6% Fibonacci retracement level of the December to February trade range. Conversely, only gains above $6.3 with rising participation levels might see DOT resume the uptrend, driving the coin back to $6.8 and $7.5, respectively.
What to Expect from #DOT?
DOT is at a critical reaction point as bears retest the base of the bull flag. Any recovery above March 3 highs would be a net positive. However, considering the over 85% from December lows, the odds of a cool-off are amplified. Technically, gains above February highs would invalidate this bearish preview, paving the way for bulls to take control.
Resistance level to watch out for: $6.3
Support level to watch out for: $5.8
Disclaimer: Opinions expressed are not investment advice. Do your research.
DOTUSDTDOTUSDT 8H
The DOT USDT chart in an 8-hour period continues to indicate the bearish channel. It could break the upward channel and leave this bearish trend, but if it drops from the level of 5,833 then we will have a SHORT TRIGGER, that is a trigger for the shorts.
On the M45 chart, we will see the supports and resistances:
DOTUSDT M45:
S1:6,215
S2: 6,145
R1: 6,331
R2: 6,356
Trading Idea 045: POLKADOTMarket Conditions:
- bullish trend
- bullish sentiment in the market
Key Level and Lines:
- $6.342 support
Trading Ideas:
- go long if the price stays above the support.
- go short if the price moves below the support and the market is bearish.
Possible Accumulation Cylinder Possible Accumulation Cylinder looking at the charts. Its hard to draw precisely so I could be well off! Worth seeing if it plays out though.
DOT - false breakdown?Hello, everyone!
Now it's time to make an update on BINANCE:DOTUSDT . We can see the upward trend channed which market maker used for the manipulations.
There are 2 fake outs: one to the down and one to the upside. Now the price broke the support line again. I suppose if the price will be able to re-enter the channel we can see the scenario on the chart. But now it's bearish and we need a confirmation that the price have an intention to re-enter inside the channel.
Best regards, Ivan
Polkadot: On the Dot ⌚️Polkadot has already made further progress in our primary scenario and should continue the downwards movement. We expect our crypto-friend to arrive in the magenta-colored zone between $6.49 and $6.06 on the dot to finish wave a in green. Then, the altcoin should apply itself to the countermovement of wave b in green, which should lead out of the magenta-colored zone but stop before the resistance at $7.89. Afterwards, Polkadot should take another southwards step by completing wave c in green as well as wave ii in orange. Alternatively, there is a 40% chance that Polkadot could climb above the resistance at $7.89, thus shifting the recent high upwards by developing wave alt.i in orange.
Polkadot Weekly View - February 2023Hello Guys, Weekly Analysis is on the DOTUSDT Symbol in a 4H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
Trading Idea 039: POLKADOTMarket Conditions:
- bullish trend, correction movement
- reversal from the resistance
- bearish sentiment in the market
Key Level and Lines:
- $7.42 resistance
Trading Ideas:
- go short if the price stays below the resistance.
- go long if the price moves above the resistance and the crypto market becomes bullish.
🔥DOT IS GOING TO NEW HIGHS! READ THE DETAILED TRADING PLAN!🔥Hi, friends! As it was expected, BTC and altcoins make a pullback, so it's time for us to find the best long entry points. Why long? Because the trend is still bullish.
DOT has now almost reached my 3rd target at $8. I think it will be reached only after the pullback.
📊 TRADING PLAN FOR DOT:
🔥pullback to the 6.5-6.8 value area
🔥volume growth which confirms that retailers are scared and sell
🔥 bullish BTC is a must-have
🚩 Also, I use DOM and Footprint scalping tools, which confirm for me the presence of the big guys. They accumulate all the tokens on the pullbacks. So I can enter the long trade too.
✅ THE MAIN TARGETS FOR DOT:
1. $8 - the key level
2. $9 - the key level and even number
3. $9.68 - the key level, local high
💻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.
🔥POLKADOT: PULLBACK TO ACCUMULATE THE POWER BEFORE PUMP🔥Hi, friends! The US Department of Justice announced today that it will take international action regarding cryptocurrencies. A lot of liquidity starts to flow into the market. Retailers start to sell their crypto on this FUD.
According to this, I make a fresh update for Polkadot. Now DOT is testing $5.73 key level which is really important support. If the price will close below this level, the road to $5.25-5.42 value area will be opened, which is also strong support.
If we close above this level, it will be good entry point with short sl below the lows.
📊 TRADING PLAN FOR DOT:
🔥 test the $5.73 key level as the support or the false breakout of this level soon
🔥 large buy orders on DOM and Footprint scalping tools which help me to identify the whale's purchases
🔥 bullish BTC
🚩 Traders, if the price reaches the $5.25-5.42 value area and successfully tests it as the support, it will be a nice chance to open a trade. In this case, the price will cool down and be ready to reach new highs.
✅ THE MAIN TARGETS FOR DOT:
1. $6.5 - the key level and local highs
2. $7.4 - the key level
3. $8 - the key level and even number
Friends, do you believe in DOT and KSM in this bull market or its already a coin with a huge cap and no growth potential? Write your thoughts in the comments!
💻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.
DOTETH - Small Consolidation Followed by 15% GainsWe've got a breakout of channel with Polkadot here, not only a channel break, but the price is currently just above a recent SR level and we've got a Buy signal from Crypto Tipster v2 - all of these Bullish signals indicate a rise could be on the table!
We'd be expecting a temporary consolidation of price before experiencing a 15% rise to what has been a nice settlement area for the price historically. That's our target.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
DOT - Shift In Momentum In The Making! 🍰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, DOT rejected the support zone 5.0 and the bulls took over short-term by breaking above the orange zone.
What Next?
🏹 For the bulls to remain in control, we need a Daily Candle Close above 7.53 in gray (inverse head and shoulders neckline)
And then for the bulls to take over long-term, we need a break above the entire weekly range, above 10.5
Of course, if DOT retests the 5.0 support zone, we will be looking for short-term buy setups again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Polkadot continues ripping?Trying out a new indicator, my orders hit at 7.25, unexpected pullback would be to 6.9 area, dont expect it to be honest, Dot looks ready to rip even harder and possibly faster.
Not ruling out another touch to $6.00 but longer term time frame the accumulation has been steady and nothing to crazy, we know how crazy crypto pumps can be.
I think staking coins move different than most of the market, still working on my idea about that. Slower but steadier and pump hard when least expected. TBT
what i see happening till next week is what I have here on the chart.
