It has hit the bearish points I am watching. It would need to break the neckline with uptick in volume to confirm the head and shoulders reversal pattern. Make sure to check the linked post for my original targets. Thanks for reading and good luck trading! This is not financial advice.
The breakout against BTC pair indicates that DOT is due for a short-term rally to approx 5k SAT level. Similar breakouts in the past led to rallies of 16-22%. However, here we can be more conservative due to markets being neutral and target a moderate breakout up to 5000 sat level. If BTC remains relatively flat, this provides a profitable opportunity to ride the...
DOT USD pair is looking strong, especially with wider markets of BTC being flat/undecided, this breakout provides a short-term opportunity for traders to target 5.03 USD on DOT. Clear support at 4.4 USD established for short term and held even during strong BTC dumps.
DOT has broken out nicely from the descending downtrend. It is now headed to approx. 4.82 USD resistance, which will determine if it can follow to 5.30 USD or will need to keep bouncing for longer. Good Daily and Weekly candle indicating reversal at least for short-term (7-15 days).
initiating a position / KSM - Kusama - KSMUSDT @ support
Since our last $DOT idea , the trading delta in consolidation has not changed to positive. Sales continue. Therefore, the most likely option for us is the beginning of a strong fall as soon as the price will be below $4. The first target - $2.9. Since it is a young DeFi coin, spontaneous news can move the price a lot. An alternative scenario for such a...
Bonsoir à tous, J'espère que vous avez tous passé un bon week-end et que vous etes chargés pour attaquer la semaine ! Ce soir, j'ai trouvé intéressant de vous partager ma vision technique du projet Polkadot ! Créé par le co-fondateur d'Ethereum , le projet a fait parlé de lui en prônant l'Internet 3.0 décentralisé et la possibilité de créer un écosystème...
Been on a trade since this afternoon, because I thought it still looked promising from what happend overnight. We'll see if this trend continues for Polkadot.
From an exclusively bearish connotation, if DOT fails to break the decending triangular formation, makes it likely to nose dive into the $3.50 price range. In which could, be a great buying opportunity if you missed out on the early pump action it had when Kraken and Binance listed it. Moreover, if that does come to fruition, DOT will heavy resemble LINK in its...
It appears DOT as consolidated approximately between the range @ $3.9076 - $4.2551 , well forming a downward triangular formation. This short phase of accumulation could have built of enough tension to be choked out, and head to the upside. Therefore, possible long positions can be in play for the bulls . If the $4.20 resistance holds, we can see a drop back...
Possibly looking at a 1212 pattern. Invalidation in red. Another one on the list I will be watching closely in the crypto space.
DOT / USDT a map for next months with major supports, resistances, dinamic trendlines and dates, which I could use to determine eventual trades during next months. LS MASTER TRADING SYSTEM
Hi All *** Note that this is a continuation of the previous post, link provided below *** With a good prospect of potentially having higher BTC price and dominance (or pause at the 10800 range for another consolidation) will give the ALTs a opportunity to create a bull flag or reversal formation. With dot, in the short term, downward pressure. Hence I'm...
Hello guys! There is an ending diagonal pattern being formed on Polkadot and DOT is near resistance, there is a clear sign of buyers exhaustion, hence wait for a breakout of the dynamic support and short it. The price trajectory on the chart is just an assumption, wait for the pattern confirmation to go long.