Dot almost hit the upper part of the ascending channel. However, I'm seeing a major pull back as the price action doing high highs while RSI indicator doing lower highs. This showing a bearish divergence on daily chart. I'm taking a short position on DOT as it shows excellent risk reward ration.
Hello investors and traders,
As part of the "Waiting Game" series, today we look at DOTUSD and long term opportunities.
If we consider the movements from inception end of August 2020 to mid-May 2021 as one complete wave (Primary 1 purple), and that the subsequent deep retracement was primary wave 2, then based on the guideline that usually a wave extension...
2020-2021 Elliott Wave: Polkadot
Polkadot is a sharded heterogeneous multi-chain architecture which enables external networks as well as customized layer one "parachains" to communicate, creating an interconnected internet of blockchains. The network uses an environmentally-friendly proof-of-stake consensus algorithm.
- Polkadot is strong on the daily timeframe , as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance .
- Target top of the chanel or 1:1 fib extension on the daily chart .
- For expected duration of the trade,...
I wrote an article back in November 2020, about how Polkadot was the #1 Altcoin of 2021. With the incusion of the Kusama Parachains, and the profit from both Karura and Moon River (KAR & MOVR), this prediction is one of the top projects, if not the top project of 2021!
So let's analyze the price prediction.
The price prediction was based off previous Altcoin...
Let's see if we get some news from DOT. I think it is going higher. I see an accumulation cylinder on dot, usually explodes once we break the highs. Not selling until we see 1K 2-5 years tops.
crab harmonic pattern:
AB=0.61 XA
BC=0.38 AB
tp1=1.6 BC=$129
tp2=2.6 BC=$617
tp3=$3.6 BC=$2900
tp4=1.6 XA=$5643
the breakout of the $35.5 happened.
resistances in the way of $129:
R1=$41.5
R2=$60
R3=$94
dot currently trading at 30$ and its supprt to be 28$ and 26$ and if support holds then we hit our ath but my tp will be 44$...
support 28$ and 26$ while tp is 44$ and above
my first time of posting here.corrections can come in .thanks
Interesting chart showing that DOT has been making a comeback against ETH but is now at some strong resistance VS ETH
If the past cycles were indicative of the future, there is a chance DOT could trade well against ETH. And then vice versa.
Not trading or financial advice, I just find ratios very interesting. IF there's a flash crash, then the ratios go...
Hello! I hope you are doing well.
DOT:USD(T) in September shows divergence between RSI and Higher Highs in chart.
It is already in the tunnel it entered February this year and left in May. These are very strong support/resistance lines and were tested over and over again throughout these months.
With Polkadot/Kusama Parachain program the price can mean both -...
Within a few more hours DOT should make an explosive move. I believe it will be up and out of the consolidation triangle.
Chance it breaks down, but I do not think this will happen.
Good Luck
KRAKEN
