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Polkadot

#Polkadot Breaks above the Middle BB, Buyers set Sight on $12Past Performance of Polkadot The rising crypto market tide is lifting Polkadot bulls, as per the performance in the daily chart. DOT is stable on the last trading day and up three percent in the previous trading week. Still, bulls appear to be building up, solidifying their base. Confirmation of the close above the middle BB of May 30 could spark demand, lifting DOT to new heights. #Polkadot Technical Analysis DOT prices are above the flexible resistance line (now support) in a bullish breakout for the first time in roughly two months. Although DOTUSDT is within the May 11 trade range, the probability of buyers adding to their longs and breaking above $12 remains high. Such a move will nullify bears and set the ball rolling for more gains in the immediate term. At spot rates, aggressive DOT buyers may buy the dips as long as prices are above last week's lows of $8.7 in anticipation of a leg up above May 11 highs. What to Expect from #DOT? The resurgence of digital assets positively impacts DOT as it is up in green, arresting sellers and reviving bulls. Still, gains above $12 could trigger more buying pressure, allowing Polkadot bulls to unwind deep losses from early April 2022. Resistance level to watch out for: $12 Support level to watch out for: $8.7 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Polkadot "W" PatternRemember that time many years ago when we looked at the "W" pattern? The candles form a 'W' after a drop to signal that a reversal is happening... Notice here how strong the volume is... The MACD is moving to bullish also, Polkadot (DOTUSDT) can easily move higher. Note: The charts can always change. You need a plan, knowledge and experience to trade. There is always risks involved. Here we read the charts but new information is coming in at all times. Things can always change and invariably change, always. Whatever we see now won't stay the same for long. We map the different support and resistance levels and buy when see high probability that our move will really show up. We see it going up... The signals also say so. We buy but still know that money can be lost. If we win we accept and appreciate. If we lose we learn from any actions or mistakes, take the loss and move on. Namaste.
Long
by MasterAnanda
3
Polkadot Next Train- Well i tought Polkadot would surprise us in this dip and stop around 13$, but TheKing is still TheKing and decides for Altcoins over pressuring them. - Finally Polkadot got a support by his Top of 2020 consolidation. - So DOT dipped around 6.2$ but it could have dipped 5$ and still can. No matter. this is only a buy opportunity for the new train. - We won't see again this kind of huge project back to this price again after the next moon shoot. this is the last time to charge a bag. - When u are shivering, Whales are buying. Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
16
DOT/USDT: On Buying area, Direct rise expected---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- DOT/USDT: On Buying area, Direct rise expected Context - The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets DOT suffered about negative global market situation. - However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical elements Market configuration - Graphical Elements : Graphical Resistance = 14 & 31 Graphical Support = 5,50 & 2,00 - Mathematical Indicators: EMA ( Exp Moving averages) are still capping the market = Bearish RSI indicator (below) is bouncing off key support = Bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target C (B) has been already reached = 9,50 Fibonacci resistance of the wave in progress = 14,00 Fibonacci support of the wave (c) (B) (max extension) = 5,50 Fibonacci Bullish Target = 19,00 (auto-similar move) Conclusion Preferred case => Regarding the mid-term element, DOT is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a bullish exit towards 14,00 and 19,00 as long as 5,50 remains support - In extension a larger rise towards the previous top at 31,00 can't be ignored
Long
by JeanJean1983
#Polkadot's Upside Limited, will DOT Steady above $8.5?Past Performance of Polkadot The broader crypto market expects a recovery, a development that might lift DOT prices from 2022 pits. Still, sellers remain firmly in control with resistance at the middle BB. Currently, DOT crypto prices are struggling against a deluge of selling pressure. The coin is down roughly three percent in the past trading week. #Polkadot Technical Analysis DOT prices are inside a tight trade zone, tracing the middle BB as bears diffuse attempts for higher highs. In a bear flag, the coin has support at $8.5. On the other hand, resistance is defined by the flexible resistance line, the middle BB, and $11. Ideally, buyers should wait for confirmation of May 13 gains. That will mean a clean break above $11 with rising trading volumes. If not, any drop below $8.5 or last week's lows could trigger a sell-off towards $7 in the immediate term. What to Expect from #DOT? Polkadot is struggling, and bears are in a commanding position. The odds of unexpected recoveries above the middle BB are slim to none. Accordingly, aggressive DOT bears may unload on dips, doubling down, especially if there are further losses below last week's lows. Resistance level to watch out for: $11 Support level to watch out for: $8.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Polkadot (DOT) - June 7hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) The section below 9.26-10.13 may be a mid- to long-term investment area. To create a new wave, it must rise above 19.37. (1D chart) In the short and medium term, it needs to move above 10.13 and find support to turn into an uptrend. However, since the MACD-P indicator point is formed at 11.03, the key is whether it can rise above this point. If it falls below the 8.71-9.26 range, it may lead to further declines, so you need to trade cautiously. (buy) - After confirming the support in 11.03 (Stop Loss) - When it falls below 10.13 and receives resistance - When it falls below the 8.71-9.26 section (Sell) - When receiving resistance near 13.64 - When receiving resistance in the section 17.98-19.37 ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
DOT TA - Short term Trade HIGH Risk Reward Ratio 2h timeframeI opened a Long just few minutes ago. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍 And that's the main reasons I decided to take a long on SOL : ► Bounce from the 0.618 fib level ► Retrace from the support line (yellow) ► Confirmation on the breakout (yellos) ► Momentum is shifting up ► High risk reward ratio Trading setup: Entry: $9.49 SL: 9.2 TP1: $10.59 (60% of position) TP2: $11.8 ⚡Just to notice. We are right now in a very volatile market phase in the crypto. Crazy and unpredictable things could happen. That's why you should use a stopp loss. ⚡ Disclaimer: DYOR. No financial advice. Just for your impression.
Long
by CryptoPlough
POLKADOT- Good swing ahead!!Hi everyone As the price made a jump from 8.55$ to around 10.75$ for DOTUSDT, the possibility of having bull market is becoming more likely. You can see a triangle pattern with 2 pushes down (H1&H2) if we get the indications of the 3rd push in the next couple of bars,we can hope for better price behavior in the future;So the indications are less sell pressure in the next couple of bars, a reversal pattern in around 8-12 bars from here and no breakout from the support level of 9.35$ or the bottom of our triangle. Hope this analysis helps you in a way. I will answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
by HubAlgo