Over the lat year or more we've seen a continued and sustained decline with Polkadot; have we finally bottomed out and can now expect to see some growth once again?
The price is currently sat right at the top of the aforementioned descending channel, a great place to put in a Short order? Possibly, or this could be a great place to start the next Bullish market...
We'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...
Pokadot seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 10.25 and even higher. Just bought...
ENTRY : local high @ 8.10
STOPLOSS (SL) : local low @ 7.80
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY - SL) @ 10.25
REWARD RISK RATIO (RRR) : 7.1
INVALIDATION : when...
$DOT / Polkadot has broken a huge 3D support around 10.57, shown with the recent 3D candle's retest and failure, thus far. Big sell volume as well on the drop indicating it is likely a true move and not a fake.
I have not traded an Adam and Eve before, and this looks to be a variation of such, I think, don't quote me.
Levels are as follows, invalidated above 10.6 close.
$DOT seeing a harsh downtrend on the 4HR, seeing recent buyers at the 14.5 level. IMO if we lose that, we see 14 even, lose that we see low 13. RSI and price seeing resistance simultaneously.
On the flip, if buyers can hold 14.5, this could be a decent breakout point. RSI resistance break could give an early signal.
Note, I personally see the recent RSI break...
$DOT broke a main support on the 4HR, while breaking a main support trendline on the 1D, and looks to have performed a retest and rejection, so far.
Still holding RSI support trendline on the 1D, something to note.
Any short here would likely be invalidated with a return to 17.3+
According to the chart, in the important support range, it is on the dynamic trend line and static price support. If we maintain this range, we will have a chance to increase the price to $ 19 and $ 20, otherwise the loss will be stronger with the loss of this range.
Its not Buy or Sell SIGNAL
BY : Mohamad Teriz - @AtonicShark
I think it’s a good hold to add a for long term
My macro outlook is 2025 I see it rising 360+ not financial advice just my own thoughts and observation on a macro scale coupled with fundamentals
Also it looks like a Huge bullish pendant on the weekly that’s going to spring upwards to the heavens
Gavin wood is an extraordinary person with his work at eth and...
Straight to the point. In my opinion DOT will be a better performer than ETH this year.
As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices.
The 1.618 fib...
After the big surge in DOT since early 2021, DOT moved all the way down to test the absolute bottom vs ETH since its launch.
Expecting this lower range to be the bottom and a trend reversal in the coming weeks.
There's bullish divergence in the RSI and MACD.
Parachain auctions will be launching for DOT in the coming weeks, this will also highly increase the...
Technical Analysis is not always 100% BUT
As DeFi stealing the show, I could see BNB in the $400+ range
The Binance chain has a working product as we speak with low transaction fees.
Keep in mind that ETH has an update that could shake things up,
The EIP1559 (Ethereum Improvement Proposal) would fix the transaction fees known as GAS fees on the network...
Seems to be a trend reversal in the MACD chart and a bull flag forming for a continuation of its outperformance on ETH. There's also events happening for DOT at the end of this quarter so I believe its all setup for another run up.
DOT just broke out of a massive triangle formation yesterday - following the ETH-rally during the last two days.
However, one can see that DOT has massively underperformed ETH since hitting its ATH > 19$ a couple of weeks ago.
Actually, DOT/ETH is actually down during the ast month.
We also know that ETH got rejected at the top of its massive ascending channel...