Here we go.
Perfect support of Polkadot:
- Re-tested resistance of Jan
- Hit long term support trendline since Aug 2020
- Hit the end of a super impressive falling wedge
Can't go down 10$.
All time high will be 200$ approx for mid 2022.
DOTUSD D1: 1000% gains BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
READ ENTIRE IDEA BEFORE EXECUTING.
🔸 Summary and potential trade setup
::: DOTUSD 1days/candle chart review
::: updated outlook still valid today
::: CORRECTION MODE next 3-6 weeks
::: correction just started not...
if you think this little Shakeout will disturb Polkadot future, you are wrong.
Time is everything and Fibo never lie.
i want give to new comers in Cryptos an optimistic view, this Shakeout was hard for new peoples, but just normal for crypto veterans, we are just at the Beginning of this bullrun..
90% of altcoins not even broken their 2017 ATH..we still have...
Here are my reasons for entering a short position on DOT/USD.
The confluences for my entry:
✓ Still in strong downtrend
✓ Resistance at key level
✓ Resistance at .618 Fib level
✓ Stochastics hinting a sell signal
✓ Potential bearish div when high confirmed
** this is not financial advice **
Think the green zone provides decent entries for a swing long for Polkadot. That's the idea. Trying to keep it as short as possible and concentrate on Bitcoin for deeper analysis.
Be patient and stay safe.
- if by chance DOT dip around 10$ ish, it's a free buy to charge your bag.
- Check BB Bands.
- Check January accumulation phase.
- i will link my previous DOT analyse in comments.
Happy Tr4Ding !
Key levels: 49.80, 28.60, 10.36
Hello and welcome! The wave structure according to Polkadot looks quite interesting. Since May 2021, the price has been in the corrective phase. This correction took the form of a zigzag. Counting the waves shows that this zigzag can be completed. If this is the case, then there is a probability for the unfolding of the third wave,...
Great coin and it's at the point now where I'm deciding to add more, I believe this coin will be well over $700 sooner than people think (1-2 years), Fear is high and the market is on sale once again this is the perfect time to start scaling into your favorite projects that have staying power.
Where is polkadot going from here? After Polkadot´s explosive downwards momentum (june 15th), Dot has formed a bear flag, indicating further downwards momentum. Using the fob extension we can see the full extension would be in the area of $4. Previous supprt structure of 20 and 50 MA was broken after Bitcoins turn downwards after it´s ATH. If we don´t see Dot...
Fibs and S/R are telling the story again I think.
If BTC does really make another capitulation move, I think that DOT behaves as the title states perhaps.
The $5.30 area has beautiful confluence with S/R and fibs, and I certainly have some buys around that area personally : )
The patch of S/R around 8 to 10 dollars does have some decent confluence, too, and...
DOTUSD is approaching a peculiar confluence zone:
we see a perfect match between fib.retracements of the last two bullish legs
and a rising trend line.
I will expect growth from the underlined yellow demand cluster.
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