Polkadot Analysis - 16 September
Dot has broken a strong resistance and is in a new high. I expect the price of Dot to reach $6 by tommorow. Good luck with this trade! Tibor
If you know of PolkaDot then you understand that there is a extreme bullish sentiment among the crypto community. This is going to keep moving and begin a price exploration. As of now, I can say there is, more than likely, a 17% trade to be had from this point. Good luck trading! This is not financial advice.
Polkadot becomes the fifth-largest cryptocurrency after toppling Chainlink (LINK). DOT/USD bulls are looking forward to breakout above the ascending channel. Polkadot has grown massively in the last two months to the extent of displacing much older coins from top positions in regard to market capitalization. Over the weekend, the token surged above the...
as per chart. Reference A.Chart
With BTC.d going the bias for alts is up.
polkadot notes...
This trade is playing out well and looks like it will be able to hit that $6 mark. I actually see this heading back up to it's ATH at some point.
Same as USDT pair. But here more clear in the RSI the bullish bias.
Polkadot (DOT). Although it is a relatively new project, its pace of development is simply off the charts. In a short period of time, two private token sales took place, 100 times denominated due to the great hype, and even the founder of Polkadot condemned Binance and Kraken for hasty listing of DOT tokens. Increased news hype allowed DOT to go up in price 4...
Polkadot bulls are nurturing a potential breakout after spiking above a short term triangle pattern. DOT/USD drastic price action is delayed by the resistance at the 50 SMA. Polkadot broke down from the ascending channel, discussed last week. Luckily, support at $4.00 came in handy, preventing acute declines from taking over. A reversal, therefore, ensued...
Polkadot has broken out of triangle formation, as the downtrend line has been broken to the upside and currently is testing the upper level of resistance area from 4.50 to 4.63$. I expect Polkadot to hit $5 today or tommorow, which is TP1, 9% from current price. TP2 is $5.33, 15%. Good luck with this trade! Tibor
The difficulty here comes when one considers that we do not have the type of data that we have at our disposal with other cryptocurrencies that have charts going back years. So, to say to what extent DOT is bound to the move(s) of the market is difficult. To say what direction the RSI will turn next is also difficult, but I put forth the idea that the RSI (at the...
Visual depiction of distribution of $DOT local top.
BTC dipping has formed an inverse head and shoulders for $polkadot.
The fall of the crypto market did not bypass polkadot either. After losing $5.5 resistance it keeps falling and currently testing $4.5 support. If we close below the next target is $3.8. The worst case is that the whole pump will be retraced and we'll back to $2.5 Two setups I see here: * Scalp short from the previous support break at $5 * Scalp long from...
When DOT was above $6,2 , here i shared that DOT will make a correction and fall to $4,5 -Now this target has been successfully succeeded and DOT will start rising from this poing and its support level is $4,6 It's getting ready to make new ATH above $7 . After coin market cap showing DOT in the top 10 ithis will bring new investors to the DOT . We may see...