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Polkadot

$GLMR ShortShort term I expect price to hit the 4h Legacy trendline at aprox 1.5$ where my buy orders start. I expect a nice bounce off this zone as price action has respected this trendline for a while now. Stack $GLMR for long term, If my 1.5$ buy goes through i'm gonna hold, however if it starts breaking and hard closing below the trendline there's possibility of sub 1$ price zone but that would need bitcoin to tank as well. Moonbeam rn has significant sell pressure from profit takers from Take Flight event, so with bitcoin going below 37k I can see a lot more of them realizing profits which would bring lower prices and sharper decline against bitcoin.
Short
by crypross
1
Falling Wedge in Polkadot combined with a Bullish Divergence!Hey Traders, As you can see on the 4HR of Polkadot (DOT.) The price action has formed Lower Lows and Lower Highs symptoms of a falling wedge! The price target out of this pattern would be at $23 (+22%). In the rare case it does break down, the target for that is $14 (-18%). There is a 70% chance Falling Wedges breakout to the upside and a 30% chance they fall to the downside. However, I think there is a VERY good chance we breakout mainly due to the Momentum Oscillator (RSI) showing a Bullish Divergence with Higher Lows while the Price is in a Decline. Safe trading, -Pulkanator
Long
by Pulkanatir
Long DOT - Discounts on PolkadotDOT - without any doubt we are very BULLISH on Polkadot. We believe it's a great discount and a perfect time to start investing. Please go and DYOR on the project, if you don't know that much about it yet. The coin is highly susceptible to Bitcoin Dominance and has not yet corrected in the same manner, this is however temporary. There is a very strong support level of $17.37, which is very well held, it is also sitting on our trendline. We are not chasing a couple of cents here and there on the price. We are buying and holding. As you see there is a small SL under the support and trendline. That is in case Bitcoin starts falling and Dot follows, we will then be adding even better long positions, at a more favourable price. We believe that DOT at $18.5 is an amazing discounted gift. Like someone offering you a brand new Mercedes-Benz G-Class for 20k today. You find the money and you purchase it :) Targets: $30.9 | 35.4$ | 40.3$ | $47 | $51 | MOON?
BITFINEX:DOTUSDLong
by Atlas-Horizon
POLKADOT - Close To Breakout! 👀Following on from our last post on DOT where we found a divergence breakout starting the bullish wave, we now have another entry for DOT to take it higher. There are 2 ways we can trade this. 1st Trade Idea: - Watch for bounce off double bottom and enter - Stops below the double bottom 2nd Trade Idea: - Watch for a breakout of the red descending trendline - Stops below the structure indicated on the chart Targets: 23.3, 32.3, actively manage the rest. We'll update this chart once there's a breakout. Goodluck!
by Altsignals
9