DOT broke the 38.5$ / 40$ resistance with volume, MACD Wk and MACD Daily are looking good.
Anything between current price and 38.50$ should be seen as buying opportunity to target 50$ region.
On the other hand, if we break back down the EMA4 and the zone we could see a retracement down to 32$.
My Bias would be to go long on this coin as long as 38.5$ is not...
The Polkadot price analysis shows DOT/USD is in a stable position at the current price level of $40.7. The crypto pair is receiving mixed market sentiment today as the price movement is minimal. The last candlestick continuously blinks as green or sometimes red, indicating the price oscillation around the current level. On 13th October, a steep spike in price was...
Weekly time frame is a clear inverse head and shoulder, as you can see we currently breaking the neckline of the resistance.
We should find support around the 45$
And if is it play out, the target will be around 69$
POLKADOT is looking to be one of the few alts looking good here ALTHOUGH I DO THINK WE WILL SEE ETH, ADA, and some others picking up soon. (maybe BNB, XRP, SOL... we'll get to that!)
Personally I'd be looking to get in on this one after a pullback and anything above 34.00 I CONSIDER BULLISH
If we get some upwards consolidation as I predict we will, we can watch...
Polkadot is just really getting started. Today the parachains were announced and the PA reacted instantly.
A famous saying goes "show me the charts, I'll tell you the news".
Well right at the end of a near perfect cup n' handle, parachains were announced. Coincidence? Fibonacci? Random word to sound smart yet mystic-like?
Whether you buy in now or the retest...
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,...
crab harmonic pattern:
the breakout of the $35.5 happened.
resistances in the way of $129: