Polkadot (DOT). Although it is a relatively new project, its pace of development is simply off the charts. In a short period of time, two private token sales took place, 100 times denominated due to the great hype, and even the founder of Polkadot condemned Binance and Kraken for hasty listing of DOT tokens. Increased news hype allowed DOT to go up in price 4...
Polkadot has broken out of triangle formation, as the downtrend line has been broken to the upside and currently is testing the upper level of resistance area from 4.50 to 4.63$. I expect Polkadot to hit $5 today or tommorow, which is TP1, 9% from current price. TP2 is $5.33, 15%. Good luck with this trade! Tibor
In the 4 hours DOTUSD chart, Polkadot is finally retesting the 0.618 fibonacci level, showing signs of recovery so far in the last few hours. It could retest this fibonacci level (0.618) one more time or continue going up from here. The fundamentals of Polkadot are very strong and the 4 hours DOTUSD chart is showing a bullish trend so far.
BTC dipping has formed an inverse head and shoulders for $polkadot.
The fall of the crypto market did not bypass polkadot either. After losing $5.5 resistance it keeps falling and currently testing $4.5 support. If we close below the next target is $3.8. The worst case is that the whole pump will be retraced and we'll back to $2.5 Two setups I see here: * Scalp short from the previous support break at $5 * Scalp long from...
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When DOT was above $6,2 , here i shared that DOT will make a correction and fall to $4,5 -Now this target has been successfully succeeded and DOT will start rising from this poing and its support level is $4,6 It's getting ready to make new ATH above $7 . After coin market cap showing DOT in the top 10 ithis will bring new investors to the DOT . We may see...
BINANCE: DOTBTC -The ascending triangle pattern broke to the downside -Confirming a bearish downtrend is on the way -There is an incoming bear cross of 20ma>50ma -The momentum priority is downward and the target below around 38k sat -If you have a position since the start of trading -Please take profit and trail your stop loss
I can see it bullish from now up to medium Long Term.
An analysis idea for DOT of the approximate fall and subsequent pump following this fall off of the third hill of a bullish ascent.
Polkadot is sitting currently on uptrend, bounced of strong support level, and shown a very good lookin 4h candle close! I expect this coin DOT to have a strong rally to $6.8 which is exactly 13.33% from current price of $6. The Second take profit is below $7.5 and that's a 25% profit. And one question to my followers, do you prefer shorter and more analysis or...
DOT is very bullish, and printed a nice bullish structure "Ascending triangle" on ltf. CROSS indicator is long from the bottom, and its a nice ROE.
*** this is a continuation of the previous post, link below *** This also applies to the BTC pairing. Cheers, S.Sari
Polkadot Analysis - 1 September
Dot is making a bullish triangle on the 4 hour. It's consolidating before moving higher. Lower part of the triangle is for buying or wait for the breakout.