Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
- So i predicted many times that 4.30$ was the bottom.
- And i was wrong, Polkadot is still young.
- Trading Altcoins is like that, it's really hard to predict a perfect bottom with a new project.
- it's much more easy with BTC because TheKing volumes are high and it stays around from many years already.
- Remember that Trading is trying to predict the future...
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...
Watching for evidences wave 2 ended 5.73 and now we start to build the wave 3.
What we want to see before taking action is an impulse to the upside that clears 9.09 and 10.06 levels that will be the wave ((1)) of 3.
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...
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 completed a five wave advance starting in Oct 23 and then put in a high on 14 Mar. Since then it sold off sharply. I suspect we are in wave 4 of c and about to put in an additional low before we can look for an impulsive development on the intraday charts. I'd buy a break above the b wave high at 10.06 (stop under 8.08) , or if new low forms in the next...
By tracking some historic support and looking at the triangle formation, we can easily see an uptrend and a potential break upwards for CRYPTOCAP:DOT
A simple and easy trend that more people can relate to is more likely to go through. This is one of the most basic signals.
Excited to see what happens next.
Hi traders
Let's take a look at DOTUSD chart on 1D time frame.
DOTUSD is approaching a buy zone: 3.60 - 4.00$ which is the area where we expect a heavy accumulation for the next bull market.
Long term target would be around 23 $ which is also an important fib level 0.618
Patience is a key as it may be a slow bleed.
Good luck
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.
