Falling Wedge leading to a strong pattern break out Below is an example of a similar Falling Wedge however on a different coin (NEO)
Polkadot has a nice healthy bullish trendline which is holding. When we break this resistance, we can go to $27. Just watch EMAs and volume.
Similar situations can be seen between the previous reversal and the one we are about to see entering into DOT right now is nice because it is already in a state of reversal Trying out new indicators
The much beloved Polkadot (DOT) is at a point of inflection in its journey. It has reached a point where it could have either a strong bullish or bearish run. In this trade idea, I will discuss each possibility and you can see which trade idea you would like to initiate. TO BUY DOT? How did we get to this point? When looking at DOT on the 1 Day chart, the price...
NOTE : Personally, I have been a staunch opponent of digital currencies for a year now, but as I said before, I have recently seen good endurance and demand in this bloody market, and now I hope to climb. I think that the banks and financial institutions of the world, with the decline of all markets and its uncertain future in the war, have a good excuse to have...
DOT seems to be headed into consolidation pattern with 78.6% acting as strong support with a favorable risk & reward. Look to place longs on DOT while managing the downside risk for DOT as the consolidation pattern is likely bring us into April -May
POLKADOT(DOTUSDT) is going through an A-B-C correction. The correction looks like a Zig-zag correction which is a 5-3-5 wave design Wave A - Went from $49 to $10.6 Wave B - Went from $10.6 to $55 Wave C - it's a 5 wave series and I think it will end up at $8-$9 zone before reversal POLKADOT(DOTUSDT) going to retrace to 88.6% or 94.1% correction TO $8-$9 . We are...
I estimate 2 different path for Polkadot. I think before new ATH we will test long term support line. But according to BTC moves, it might be now or after H&S formation. One way or another it doesn't matter at final I believe we will see 65$ within 6 months.
We’ve connected the dots for Polkadot and established our forecast: Polkadot develops a new interim low by falling below the support at $25.3272. In our opinion, this confirms further downward movement toward $10.3759 and into the magenta-colored area between $10.8195 and $5.7131, where wave (c) in blue should end. Only after reaching this zone should the price go...
Here is polkadot long setup. Since MARKET is Choppy use little margin. If a positive scenario it could go upto 32.
Greetings fellow Traders, Today we consider the trading pair DOT/USDT Looking at the chart above us, we can see that ever since DOT was listed(or after the rebrand at least), Price has continued to respect an ascending Trendline while forming a Ascending Triangle pattern in the process. Currently Near Support of the trendline, and still in it's Larger Wave 2...
Despite the Recent Downtrend, Polkadot is finally bullish again. It has recently seen a trend breakthrough. I am going to be leveraging this trade, and my tp levels are at each resistance level. With a macd cross and stoch cross, momentum is in our favor on this trade.
History repeats itself or not? It has happened with Bitcoin, Ethereum, Binance Coin and several others.
Using the cloud indicator we can see that prior point of being in the orange area price went lift off! Assuming we are in a bullish state, (as price was then), the orange area is a good candidate point for price to continue upwards This theory is also supported by the 200 day MA, which price is currently hanging onto right now. Entry into DOTUSD now is a great...
DOT USD chart does not look good for POLKADOT. But the RSI shows it is oversold and we are also hiding pretty strong support. I expect the price to go higher at least to $32. YOU should not go all in until we break up the bearish TL.
Now, Polkadot has successfully left its past low behind and is set for a moderate rise in the area between $43.80 - $52.76. However, the price should then start another correction and move to the bottom end of the green zone. Finishing this movement, there is plenty of room on the upside, where the price should push through the resistance at $55.3767. Let's Go!