Could have a winner with this chart, it resisted at that first line and has now poked through, lets see if it closes above
I feel pretty confident in the support levels drawn, probably more so if it breaks upwards - provided it breaks in the next couple hours. Another possibility is this and that probably looks better for if it drops. Won't really know until it happens and can see which one it decides to follow. LEND is also doing something similar right now, might chart it properly...
It's a graph like this which is most promising to trade with Futures! Clear support, and a 3% difference, so good to trade over a couple hours, but requires alot of attention because if it breaks up or down you don't want to be too slow to react (this trend started at midnight for me so I couldn't do anything fancy with it, but I have a long in place anyway :D )
It possible happens this week
This is my first time uploading here. Seeing the last time we had a correction, the price moved in a similar pattern. RSI is looking good and stochastic is going reverse to the upper side. The target would be 6.8, and then 9.
Take a second to look at the chart: GREEN LINE marks the previous resistance turned support: The last time the price of DOT touched the green line it did a 40% move to the upside RED LINE marks the prices where sellers are dumping DOT: The price is currently beneath the RED LINE, EXPECT the price to drop and touch the GREEN LINE ONCE MORE AND BLAST OUT TO 8$ Buy the dip
BINANCE:DOTUSDT Playing the D wave after that probable reversal/Pushback.
correction is a must..lets see how much lower it will go first. Anyway, Kadena is a DOT ecosystem.. it is BOOMING now ..look at my other ideas for $KDA.. $KDA is a hidden gem. fortune 100;500 companies already using it. but only 20mil market cap only. this can go x20-x50 long term.
Gah I was too impatient yesterday, should've backed myself! I noticed that all the alts retraced 50% from their highs when they had a major correction, so I had a short running on DOT and a couple others, but canned most of them too early. DOT and THETA were probably the best looking for a short yesterday. Kind of wondering if it'll test the 50% retracement if...
I see falling wedge on bullish trend, I buy it goodluck
Hey, I am back with another Crypto Analysis, focused on Polkadot. Intro. Last time I was making an analysis on DOT, I was pretty bullish on it and bought at $4.35, which is not the best entry, but remember the point of making money is about to be, able to take your profit at a good level ! Today I took profit at $6.5 and rebought at $5.8, which is...
Good day Traders Polkadot: Dot completing a final 5th within a rising wedge, expecting this one to break down and give us a 0.618 retracement before it goes into price discovery mode for a potential 300% moonshot! Both fundamentals and technicals are looking solid for this one. Should be a winner over the next few months!
unless it breaks down the trendline then it will retest support at $4.5 k. Dot market cap has surpassed link's which in turn surpassed LTC. But Arthur hayes has began to shill Dot, which makes me nervous. So watch for break of support.
$DOT / #USDT Levels to watch as its retesting ~5.70$ matching EMA50 on the 1H If holds it & accumulates here, it may bounce back toward 6.8$ ATH level Losing it and look for ~5.1 as a new level to hodl.. #DOT