In our latest glance at the DOT/USD 4-hour chart, an intriguing pattern unfolds, hinting at potential upside. The price trajectory, previously charting lower lows , contrasts sharply with the Relative Strength Index (RSI) and the Commodity Channel Index (CCI), both of which are sketching higher lows . This bullish divergence suggests weakening downward...
Polkadot (DOTUSD): BINANCE:DOTUSD
For Polkadot, we are setting our entry on the daily chart for a potential Wave 2. We expect it to reach between 61.8% and 78.6% because we don't believe the correction has been completed yet. We're leaning towards the idea that we're dealing with a Wave ((a)), as a closer look suggests we're seeing a five-wave downward...
Hello everyone
It seems that Polkadot is on its own road and do consider to the rest of market and what I can see is a Leading Diagonal for now and if it is correct so DOT will have just 2 scenario:
1. Leading D. of a Zigzag
2. LD as wave 1 of a powerful rally (Probably)
What we should now is to wait and monitor this coin if it can complete all LD waves so that...
DOT is in an uptrend, with an RSI around 62. It's bouncing off daily support at 8.32 with resistance at 11.55, currently under its channel support. It's considered undervalued at the moment, with the potential for further uptrend.
Price overlapping makes me to think that we still are into wave 1 a leading diagonal.
If so, I expect the next support level to be the 0.382 - 0.5 Fib. retracement of wave ((3)).
This is my trading plan for the week currently I see $7.60 a good turning point or maybe lower.
I am it the thought process that this is a bull run in a bear market and Benner cycle was stretched out by governments intervention I am like Warren B. rn and holding lots of cash.
We can most def see 70% corrections from the highs before getting the bounce we...
This is my longterm "Ideal" forecast. All this depends on How BTC Behave above All time high. As per parabola curve, DOT should top between Dec 2024 to FEB 2025. Please note it is my conservative thought, actual bull trend might outperform this view or an idea. If Dot goes out of parabola then i think cycle trend may playout different.
The Polkadot network is still alive. It is a unique L0 platform. It has zealous believers, talented developers, and it WILL have its turn to take center stage and pump like crazy in a continued bull market scenario / alt season.
That's all we really need to know as far as fundamentals.
Drawing arcs, it's difficult to know exactly what the arc will look like...
The Dot is the token of the Polkadot network platform, one of the older generation of crypto currencies. It is touted for Web3 interoperability with cross-blockchain transferability.
It has a fairly robust trading history since 2020 with an 2021 all-time high of about USD 56. In the subsequent bear market, it traded down to about $3.50 in the Fall of 2023. It has...
Polkadot (DOTUSD): BINANCE:DOTUSD
Polkadot appears to have completed Wave (2) with a notable level of certainty. Upon further analysis, it increasingly seems we're witnessing an ending diagonal pattern. This indicates the potential conclusion of the current uptrend shortly, leading to a corrective downturn for Polkadot. While Wave 1 could theoretically extend...
Polkadot #DOTUSD BINANCE:DOTUSD
Polkadot remains a chart of high interest to us, even though we narrowly missed our limit order by 10 cents. Since the near-miss entry and the low at $6, we've seen the development of Waves 1 and 2, and now the question arises whether we're in Wave 3 or experiencing a zigzag correction. However, the latter seems unlikely...
Just like many other cryptocurrencies, DOTUSD presents fantastic opportunities on the long side! The strength of the bulls shines through with the clear divergence between price and volume during the recent sell-off. The bears literally threw everything but the kitchen sink into the ring to push DOTUSD lower, but they fell far short of even getting close to the...
