After the 5-June session All-Time Low Polkadot (DOTETH) produced higher lows, last week an inverted hammer and this week another bullish candle.
Needless to say this look extremely bullish to me.
I do not track a single ETH pair so it is hard to say how far up it will go in this bullish wave, I don't have any reference point.
I am putting the potential at...
Over the lat year or more we've seen a continued and sustained decline with Polkadot; have we finally bottomed out and can now expect to see some growth once again?
The price is currently sat right at the top of the aforementioned descending channel, a great place to put in a Short order? Possibly, or this could be a great place to start the next Bullish market...
We've got a breakout of channel with Polkadot here, not only a channel break, but the price is currently just above a recent SR level and we've got a Buy signal from Crypto Tipster v2 - all of these Bullish signals indicate a rise could be on the table!
We'd be expecting a temporary consolidation of price before experiencing a 15% rise to what has been a nice...
Dot has always been one of my favorite projects, so I am a bit biased. Dot works to solve many of ethereum's problems, including long-term scaling and security solutions.
Dot/Eth has been caught in a descending wedge pattern for 6 months. Notice how the RSI indicator has retained support near 30 and has even formed higher highs. This is showing a positive...
DOT ETH pair is trading at the lowest levels going back to the beginning of the pairing. Up only, baby!
DISCLAIMER: I am not a financial advisor, this is not financial advice; do your own research; brush your teeth everyday; change your oil every 3k-5k miles.
Hi there,
I've missed that chart. I now realize that Polkadot may start a good movement.
In the channel, the price seems to me in a reasonable buy range.
Let's see if DOT gets higher position in the crypto total market.
This is just my idea. Please do your own analysis.
Cheers!
Straight to the point. In my opinion DOT will be a better performer than ETH this year.
As we can see DOT/ETH is in a falling wedge pattern with the price trending toward the upper line of resistance. A clean break would mean we are heading at a minimum back to the upper levels at around .025 but I believe we could really see much higher prices.
The 1.618 fib...
After the big surge in DOT since early 2021, DOT moved all the way down to test the absolute bottom vs ETH since its launch.
Expecting this lower range to be the bottom and a trend reversal in the coming weeks.
There's bullish divergence in the RSI and MACD.
Parachain auctions will be launching for DOT in the coming weeks, this will also highly increase the...
Might see DOT/ETH enter demand zone in which I will take advantage (2X on Kraken) of but it might not drop that low either.
Either way overall bullish.
Holding should be good for the summer
