DOT, Apart from the DMI Cross and the MACD Possible crossover, the charts are currently showing a possibility that it may break the upside of the resistance, keep watch, a new all time high for DOT may be on the way.
watch out for these key levels, breaking them, a second rally up will be imminent.
This is my honest take on PolkaDOT. That bitcoin drop was harsh and sudden no doubt about it, but with every crash comes an opportunity. It's unclear what will happen in the next day or so, but here are some potential trade set-ups that can be made.
For a long position, I would like to see a close on the 4H chart above the .618 Fibonacci extension line. It has...
The chart is still intact and i've spotted a weekly tweezer bottom which is very bullish in my eyes.
A 3x from here is still easily possible.
Like share, and buy this hidden GEM before you miss out.
DOT is showing great bullish pattern. Support is very strong at around $32 and the upcoming Polka magic will do the rest of the work for us... We just have to break through that $40 resistance! HODL to 3 figure Polkadot in 2021!
I noticed this interesting pattern in $POLS, which is a great project, after every -20% next leg follows, currently I am expecting the same thing again.
Target is a great box, which is also about 50% up from here.
As Polkadot broke all time high at $6.82 very significantly, the next stop where a major correction can be seen will be very likely at psychological resistance at $10 per Polkadot.
Technicals looks perfect as the price broke a new high.
See my fundamental analysis of DOT in the "related ideas".
Good luck with this Ethereum competitor,
DOT broke through the midline of the channel and looks heading to the bottom of the channel. If it find support at the bottom of the channel that is very bullish and will result in a cup and handle pattern. However, if the channel is broken that is very bearish.
I would love to go long with DOT and UNI at this point, however each of them have their strong resistance.
It would be nice to see this break before BTC pulls back. The timing is important for we have a scenario where BTC hits its target and the Alts dump.
What's your thoughts on the ALTs?
it's always very difficult to analyse new coins because more we can back in the past, more it's easy to find supports and resistances.
Dot is still performing a good come back as you can see by his multiple bounces on a forming uptrend Line. Like always the King is controling those coins by his dominance so you always have to check BTC before entering a trade and...
The priceline of Polkadot (DOT) with Bitcoin pair on Bitfinex has completed bullish Gartley on the 2-day chart, In my point of view this move is more likely to be firmed than the move on Binance chart with Bitcoin pair, that I posted earlier as below:
The priceline of Polkadot (DOT) with USDT pair has formed bullish Gartley on the 2 day chart, the targets as per Fibonacci sequence of Gartley are:
Potential reversal or buying zone: $3.85 to $3.03 (this is stop loss as well)
Fibonacci projection or sell zone: $4.49 to $6.04
Atif Akbar (moon333)