Price overlapping makes me to think that we still are into wave 1 a leading diagonal.
If so, I expect the next support level to be the 0.382 - 0.5 Fib. retracement of wave ((3)).
This is my trading plan for the week currently I see $7.60 a good turning point or maybe lower.
I am it the thought process that this is a bull run in a bear market and Benner cycle was stretched out by governments intervention I am like Warren B. rn and holding lots of cash.
We can most def see 70% corrections from the highs before getting the bounce we...
This is my longterm "Ideal" forecast. All this depends on How BTC Behave above All time high. As per parabola curve, DOT should top between Dec 2024 to FEB 2025. Please note it is my conservative thought, actual bull trend might outperform this view or an idea. If Dot goes out of parabola then i think cycle trend may playout different.
The Polkadot network is still alive. It is a unique L0 platform. It has zealous believers, talented developers, and it WILL have its turn to take center stage and pump like crazy in a continued bull market scenario / alt season.
That's all we really need to know as far as fundamentals.
Drawing arcs, it's difficult to know exactly what the arc will look like...
The Dot is the token of the Polkadot network platform, one of the older generation of crypto currencies. It is touted for Web3 interoperability with cross-blockchain transferability.
It has a fairly robust trading history since 2020 with an 2021 all-time high of about USD 56. In the subsequent bear market, it traded down to about $3.50 in the Fall of 2023. It has...
Polkadot (DOTUSD): BINANCE:DOTUSD
Polkadot appears to have completed Wave (2) with a notable level of certainty. Upon further analysis, it increasingly seems we're witnessing an ending diagonal pattern. This indicates the potential conclusion of the current uptrend shortly, leading to a corrective downturn for Polkadot. While Wave 1 could theoretically extend...
Polkadot #DOTUSD BINANCE:DOTUSD
Polkadot remains a chart of high interest to us, even though we narrowly missed our limit order by 10 cents. Since the near-miss entry and the low at $6, we've seen the development of Waves 1 and 2, and now the question arises whether we're in Wave 3 or experiencing a zigzag correction. However, the latter seems unlikely...
Just like many other cryptocurrencies, DOTUSD presents fantastic opportunities on the long side! The strength of the bulls shines through with the clear divergence between price and volume during the recent sell-off. The bears literally threw everything but the kitchen sink into the ring to push DOTUSD lower, but they fell far short of even getting close to the...
#DOT will have a hype season
(maybe an upgrade or new tech rollout)
The narrative doesn't matter why
Bull market raises all boats.
Nice candle action
2 weeks ago bullish hammer to form the low of the right shoulder
and now a bullish engulfing candle.
Moonbeam , Moonriver and Glint are low caps ways to harness this 4X move
One daily candle close above the neckline here and the follow up confirmation candle is in the green for now. As always the initial break above the neckline is often not the true breakout validation move so its plausible we could dip back below the neckline once or thrice before its fully validated, but if it were to validate here the target will be $10.20. *not...
Cryptocurrencies are experiencing challenges post the Bitcoin ETF release, a predicted event that didn't act as a Buy-like catalyst for the market. It serves as a reminder that not all assets surge after such an occurrence. Despite this, the current phase presents an intriguing opportunity, particularly for PolkaDot.
PolkaDot has shown a somewhat delayed response...
Polkadot (DOTUSDT) has entered the bullish zone; says who?
➖ On the left side of the chart we have a market correction or bear-market.
➖ On the middle portion of the chart we have an ending diagonal or consolidation phase.
➖ On the right side of the chart we have a new bullish impulse, a 5-up wave or bullish phase.
A major bullish development is the break as...
This one has been sleeping for awhile now but bullish sentiments are high right now. Polkadot breaks out on the weekly in a strong way. Trendline is broken and first target $11.20 followed by $13.3. NFI/DYOR
