The market situation for Polkadot (DOT) remains mysterious and tense. The two-month consolidation that started back in February 2021 continues in a wide 56% range. The main liquidity zones that are within the limits of this consolidation are in the ranges of $29.6-30.6 and $45.5-46.5 . As you can see on the chart, it is at these price zones that the DOT price...
DOTUSDT - Intraday - We look to Buy a break of 39.41 (stop at 37.86)
Daily signals are bullish.
Pivot resistance is at 38.30.
A break of bespoke resistance at 39.00, and the move higher is already underway.
We look for gains to be extended today.
Our profit targets will be 43.91 and 45.61
Resistance: 39.00 / 42.00 / 44.00
Support: 36.00 / 35.00 / 33.50
Update on my previous idea for DOT.
Polkadot has broken up from the Descending Channel and confirmed.
Right now it is facing major resistance at 39-40 USD area.
This might be key moment for DOT's move as we will either see it breaking up and confirming, or going back down.
In the first scenario, it should be heading to retest previous ath.
In case of the second...
My commentary explains my thoughts. Bullish.
Do we have time as BTC tests this bottom layer. If it drops, DOTs story will be distribution structure, not re-accumulation.
Many Alts fall into the same scenario.
This is a continuation from this post, previous Post as we continue this...
Nothing fancy here, if you're looking to get into $DOT POLKADOT. I think anywhere from the $29-$32 would be a decent position. With the Polkadot Decoded event on May 19th & 20th there might be enough positive news to break resistance.
DISCLAIMER: NOT FINANCIAL ADVICE. TRADE AT YOUR OWN RISK
You can see on this chart that DOT has taken off upon closing above the 4H 200 period moving average, broken the larger 45 degree down trend as well as the recent correction's down trend and should ride up well above the new 45 degree uptrend. 45 degree trend lines is the ultimate measure of trend momentum. The further left of the trend line the price action is,...
This pair made a pullback move from the top of 48.32 USDT to 26.62 USDT in the middle of April. Now it started an up move that seems to consolidate its way to new higher prices. If the price breaks the minor resistance marked on the chart with a sharp move, we can expect Polkadot to go into new highs territory. However, a deeper pullback to the blue trendline or...
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(DOTUSD 1W chart)
If the price can be held above the 33.86828748 point, it is expected to continue the upward trend.
Today price tested the important key level 36.790. I expect some movement near this level. It will be a great breakout pattern. Buy after breakout and retest. Now I see a more long position than short. Because of that, I think we'll come back to the accumulation zone soon.
Write in the comments all your questions and instruments analysis of which you want to...
Dot is looking to see new lows. We have simply done away with the impulse, and what goes up must come eventually down. I believe this is what us happening here. Anyway, Fibgoals in green dashed, invalidation in red. This is not financial advice. Be safe out there.
Pair in an uptrend. Now price near to support line. A great time to buy with a stop-loss below the level.
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P.S. I personally will open entry if the price will...
DOT (Polkadot) is fighting to defend the major support area, established since February 22nd - 26 USD level.
Failure to stay above it can take DOT to the next weaker level of 20 USD, following by 16 USD main support area.
In case of breaking up from the bearish channel, DOT would need to confirm by closing daily above 32 USD.
As always, lots will depend on BTC...
Wanna gamble a bit with me ? do it at your own risks. this coin is not at his correct price, too cheap.
Can buy it on Kucoin, Uniswap for decent volumes.
Max supplies 20M
This coin falled from 10000$ to 15$.
Polkadex is a trading platform catered towards both Uniswap and Centralized Exchange markets. It provides two products initially, Polkadex Orderbook and...