DOT prediction - For reputation pointsTrying out Public scripts to see weather DOT is a buy or not. Looks like it is better to wait as it may fall further.
DOTUSD.P trade ideas
DOT vs ETH - RatiosInteresting chart showing that DOT has been making a comeback against ETH but is now at some strong resistance VS ETH
If the past cycles were indicative of the future, there is a chance DOT could trade well against ETH. And then vice versa.
Not trading or financial advice, I just find ratios very interesting. IF there's a flash crash, then the ratios go completely out of whack, so be careful.
VJ
Waiting Game DOTUSD: Bullish long term scenarioHello investors and traders,
As part of the "Waiting Game" series, today we look at DOTUSD and long term opportunities.
If we consider the movements from inception end of August 2020 to mid-May 2021 as one complete wave (Primary 1 purple), and that the subsequent deep retracement was primary wave 2, then based on the guideline that usually a wave extension happens in wave 3 (primary degree) I would love to see DOT hits the 1.618 target (around $1080)
If we subdivide the primary count (purple) into intermediate waves, and we optimistically believe that we are starting the new cycle, I am looking forward to seeing a deep retracement (intermediate blue) around 50%-61% Fibonacci to buy a bag of DOT.
Long term target at $1080 and a short term target of $150 (intermediate wave 3) would see the Polkadot community very happy.
What's your long term and short term target price for DOT?
REEF and DOT - SimilaritiesSimilarities can be seen between these two coins
A flat top has formed, rejected and a recovery has now begun
The only major difference is that REEFUSD is under the 200MA while DOT is above it
A requested idea and comparison post
Dot 2022 Price Prediction: $165-$200 !I wrote an article back in November 2020, about how Polkadot was the #1 Altcoin of 2021. With the incusion of the Kusama Parachains, and the profit from both Karura and Moon River (KAR & MOVR), this prediction is one of the top projects, if not the top project of 2021!
So let's analyze the price prediction.
The price prediction was based off previous Altcoin Models during the last Bitcoin Bullish cycle in 2017. On any Altcoin/BTC chart, you will see it a lot clearer, In December - BTC Rules, and Alts fall to the bottom. I predict this will continue, and may be altered by the expanding cycles. (I previously theorized the cycles were expanding approximately by (previous cycle * 1.618 - measurements weren't exact but were all between 1.6x - 1.65x).
So, although we may see a new high for Polkadot sooner than later, I believe Bitcoin will do what Bitcoin does, 1 year after its halving... Explosive Growth is within striking distance - load up!
With the take off of Bitcoin, the Altcoin market will lose the large chunk of market share they greedily built up. If people try to tell you "But (your name), this time is different", or "But.. But.. Defi!" - just slap them until they blink a couple times, and come back down to earth. Don't mess with Bitcoin during its bull cycle. There is a way to profit from the Altcoins back into Bitcoin, but that arbitrage opportunity comes in 2022-2023. So not yet.
With this market share dilution, Polkadot will see a price between $20 - $26. This is short lived, and after the new year rings in, Polkadot explodes.
Price predictoin is based off of historical results, combined with a Fibonacci Extension chart I drew - $165 - $200 by June, 2022.
Polkadot testing old resistance?Hello! I hope you are doing well.
DOT:USD(T) in September shows divergence between RSI and Higher Highs in chart.
It is already in the tunnel it entered February this year and left in May. These are very strong support/resistance lines and were tested over and over again throughout these months.
With Polkadot/Kusama Parachain program the price can mean both - early anticipation for adaptation as well as preparedness "for the winter" by getting prices low to collect more of its tokens.
As this tunnel shows a heavy previous fight between bulls and bears, only when breaking one of two - resistance or support we will be able to anticipate the further direction.
Thank you
DOT USD Bullish uptrend for the weekendHey guys, just thought I'd share a note. I saw that the "Know Sure Thing" oscillator is showing a clear breakout into an upward season for DOT . It should be going up bigtime tomorrow and perhaps continue to rise into the weekend. See the noted symmetries on the chart! Let me know what you think.
Looking for a DOT breakoutWithin a few more hours DOT should make an explosive move. I believe it will be up and out of the consolidation triangle.
Chance it breaks down, but I do not think this will happen.
Good Luck
$DOTUSD - Hang in thereHello everyone!
The cryptomarket corrected today after the release of economic data from the US, the US Dollar index almost hit 93, hence gained some weight over all assets traded against it.
There are various patterns on other altcoins, some like AUDIO even gained more than it lost today but we'd like focus on Polkadot.
So far it's above the dynamic support, and if keeps above it, will jump to 36 and 37.4.
However closing below this line might get the price to 32.
ATH Breakout ImminentDOT is lagging the L1 pump after SOL, ALGO and ATOM but likely to catch the wave very soon.
Flipped the 200 day as support and bouncing strong at the open. Think this gets going shortly.
POLKADOT heading to a possible retracementDOT expressed some good performance over the last weeks.
The decreasing RSI is showing a loss of momentum but a further uptrend continuation is probable before a retracement on the indicated supports.
The overall bias is bullish on Polkadot on the next months!
What's your guess?
*Not a financial advice*
Polkadot Price AnalysisThe four-hour chart shows that a rising trend line has capped the price since the middle of August. The trend has been a constant source of rejection for the price and the catalyst for last week’s technical reversal. Furthermore, the trend which is currently seen at $39.00, proved the high for the last two days.
Therefore, as long as Polkadot stays below the trend line, a correction is possible. In that event, some obvious downside targets emerge. A rising trend line at $34.00 from last week's low is the first support level. Below that, the 21st of August high around $29.50 offers the next level of support. However, if the Polkadot price manages to clear $39.00 an extension to the $42.00-$45.00 is probable. Furthermore, above $45.00 and the all-time high of $49.77 could be under threat.
Feel free and get in touch for more ideas and trade signals
DOTUSD - Bearish Divergence-Bearish Divergence on the 1 day chart.
-More of this divergence can be seen in the near-term on a 4 hour chart, as well (not shown here).
-Stochastic RSI shows there may be a little more upward movement possible before a reversal.
-The 0.5 fib extension level, as well as resistance at $32.4 may be difficult to overcome, but price might push on up to the 0.618 fib. Let's see!
-Keep an eye on BTCUSD and ETHUSD, as they can affect DOTUSD's price.
Good luck, and have fun.
Note: Don't trade based on my ideas. They're worth exactly what you paid for them. I'm fairly new to this, and my charts are for my own entertainment, education, and record keeping.
Divergence in dot/usdHello everyone
I see divergence in dot/usdt within the chart and RSI...so others.d and usdt d are falling and btc.d is growing... He seems to need a break for altcoins. Save your money from dumps.
ShaMJ⚡
$DOT/USD reaching ATH?DOT continues to rise without mercy.
After breaking through the strong resistance line of $30
, the golden cross of the moving average also overlaps. The strength of the rise is even higher.
The next resistance line is $40. Volume is also rising and MACD also has a golden cross about to be completed.
In addition, the weekly MACD is the first time completed with the golden cross.
The day to break out of $40 and reaching $50 is coming soon.
DOT Daily Bearish DivergenceLongterm bullish on DOT. But, DOT is moving into former supply and Bearish Divergence MAY be forming here. Something to watch that may provide a dip opportunity.
