The priceline of Polkadot (DOT) with Bitcoin pair on Bitfinex has completed bullish Gartley on the 2-day chart, In my point of view this move is more likely to be firmed than the move on Binance chart with Bitcoin pair, that I posted earlier as below: The targets as per the Fibonacci sequence of Gartley are: Potential reversal or buying zone: 0.00037629 to...
Alerts set for < 3.30 - Will start buying around that region. Let me know your thoughts, what are you looking for? * Forgot to mention, bullish divergence is already showing on RSI.
Hi All, I'm going to do a few of these charts today. For now, this, based on fib. levels, trend lines and formations. Its not a trading advice but a means to plan for the shorts and where to go long. Please give me a tick or like for this post. Regards, S.SAri PREVIOUS POST UNISWAP ,...
Boys and girls, Polkadot is a long-term play for me. This is my gamble against the failure of ETH 2.0. If ETH 2.0 is a flop, Polkadot might be the golden ticket to riches in 2021. Thus far, I have bought little Polkadots on every dip, and it has been one of the easiest tokens to time purchasing decisions. Ever since the 100:1 split, we've had GREAT action on the...
DOT Formed A Descending Triangle Which Can Lead To More Dumping. BUT It Wont Take Much For The Bulls To Take Over Because Of The Decreasing Volume And Exhausted Selling Pressure Indicators Nearing Oversold Could Be An Opportunity To Buy Back DOT At These Levels. Trade With Caution! LET ME KNOW WHAT YOU THINK! 🧐 💡 IF YOU LIKE MY IDEA, PLEASE HELP AND...
Polkadot has been trading under a Lower Highs trend-line since September 01. Currently the RSI is rebounding off of the monthly Support Zone, so it is possible that this is the new Bottom. The first Lower High reached (even exceeded) the 0.618 Fibonacci retracement level, while the next one reached the 0.5. If is a progressive sequence, we can assume that the...
Many traders believe that decreasing volume is a bad sign. Not necessarily. A volume drop often occurs during a consolidation phase where both bulls and bears become exhausted, and are waiting to see what direction the market takes. Currently DOTUSD is testing the support of its trading range on Binance. Any small sign of strength will bring the bulls back...
DOT is forming a Double Bottom pattern and it may pump up to 4.5$ and 5$ in next week. And the end of this pump may be 6$. It's very worthy to be bought in the range of 3.9-4$. And of course, we will cancel this trade if this zone broken.
A descending triangle is usually a bearish chart pattern, however in the case of DOT and it's recently exchange listings this year this is looking more like the floor. It had a 1 for 100 split after token holders voted so I've cropped out the red candle to hit that irregularity so we can focus on true price discovery. The floor imho is more apparent with the...
DOT is forming a descending triangle -> bearish pattern! When the green support zone of the triangle is broken, then it's very probable that we are heading towards the purple dotted support line. We could see bounces from the green dotted lines as well, these are also fib. extensions. Everything changes if we would break and close above the downwards red...
Price Action: Not trying to be too precise with price action this time, just general price levels to watch. Observing a rising wedge, scalping inside that band if you like very short term trades. Longer term buys at ~3.95 price range with stops below in case that support breaks down. Macro: There's some correlation with the s&p and inverse correlation dxy and...
DOTUSD has touched the support level we published yesterday. A break below would signal a sustained decline for DOT. If it can hold the current level during the current Bitmex exchange fiasco (CFTC sued Bitmex for being unregistered) then we can expect strong buying coming into the DOT market to push it to the top of the trading range. With the MACD now...
POLKASTARTER AT POC just for today tho
at the moment price is rejected from resistance, however on the 12H RSI we can see a breakout from the descending trendline, so maybe a small pullback then a breakout.
DOTUSD is so new that technical analysis is more difficult. What we can see so far is a clear upper and lower level on the 1-day chart suggesting support and resistance. A break below would suggest a big dip in price. A break above will indicate a new rally beginning. MACD is pushing up and about to cross the zero level which suggests positive momentum...
It has hit the bearish points I am watching. It would need to break the neckline with uptick in volume to confirm the head and shoulders reversal pattern. Make sure to check the linked post for my original targets. Thanks for reading and good luck trading! This is not financial advice.