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DOTBTC trade ideas

DotBTC Descending TriangleI believe this is a fundamentally strong project that will do very well. That being said, the chart had been printing a descending triangle since it made its impulse move post-listing. A clear Horizontal support line has formed with lower highs ever since the top of the impulse move. A breakdown of the horizontal support line should send the price down to a target around 0.00025 btc where I will long Polkadot, assuming volume and bullish divergence is printing at these levels. A break of the falling resistance line with volume will invalidate this setup and I will take an entry at a retest of the falling resistance line.
Long
by Stock_Holiday86
DOT near DEMAND ZONE (Accumulation Going) - Ready to FLY#DOTBTC TA Update: 1. Zone 1 was Ascending Wedge which always follows a downward movement as it did. 2. Zone was a Falling wedge or we can say it was a distribution zone. After this, usually, Consolidation/Accumulation happens which happened in ZONE 3. 3. Zone 3 at the moment, is where accumulation is happening. DOT is consolidating between two levels (Daily Resistance @42212 & DEMAND ZONE 38200-37500) 4. In the coming days, we may see some accumulation and the price may touch 36000 for a retracement. After which we gonna see a rally upwards. 5. For DIP Buying you can set Buy Orders at 36000 sats. Or Anywhere in DEMAND ZONE. Right now its gonna come back to the demand zone. And we gonna see BULLISH Trend afterward. Note: SEPTEMBER was ALTS BLEED month due to the instability of Bitcoin Dominance & Bitcoin Price. Always Trade with caution. Alts follow bitcoin dominance. If Bitcoin Dominance is UP ► Alts Gonna DUMP If Bitcoin Dominance is DOWN ► ALts Gonna PUMP Now, DOT Price is gonna fall at the demand zone, I am looking to buy DOT at the demand zone for Huge Profits afterward. Please Ignore any mistakes if you found. Thanks, Your support is appreciated.
Long
by SmartMaxi
8
W oczekiwaniu na short PolkadotAktualnie kurs Polkadot znajduję się na wsparciu. Jeżeli je przebije i powędruje w okolice białego kwadratu powinniśmy spodziewać się dalszych spadków do poziomu 0.00038834 co prawie pokrywa się z wskaźnikiem Fibonacciego(nie uwzględniając knotów pokrywa się wręcz idealnie). Kolejny opór znajduję się na poziomie 0.00022245. Wskaźnik MACD pokazuje, że fala spadkowa dopiero się rozpoczęła i ma polę do popisu. Patrząc na wskaźnik RSI możemy zauważyć, że do dolnej granicy pozostało niewiele miejsca lecz osiągnięcie tego poziomu jest jak najbardziej możliwe. Kurs na 4 godzinnym interwale znajduję się w konsolidacji i dopiero ewidentne przebicie pierwszego wsparcia może dać sygnały do shorta.
Short
by kamil157
Polkadot (DOT) Project Overview + Chart Analysis (Targets)About Polkadot Polkadot is an open-source project founded by the Web3 Foundation. Polkadot is a sharded protocol that enables blockchain networks to operate together. The DOT token serves three distinct purposes: governance over the network, staking, and bonding. Source: Coinmarketcap.com Website: polkadot.network ------- Polkadot (DOTBTC) is new and we have little history. So far, short-term, we are looking bullish with prices moving above EMA10 and facing resistance. We also have what appears to be an ascending triangle format. Multiple targets are marked on the chart as well as the main support level in case prices drop. This is a young chart, we have no history here so everything can change. If you do decide to trade, make sure to build a plan, use a tight stop-loss and remain open to all scenarios. This is not financial advice. Namaste.
Long
by AlanSantana
11
DOT/BTCMID OR LONG TERM HOLD IDEA: - Polkadot is definitely one of the strongest project fundamentally. Their ideas could solve many of the scalability problems that blockchain technology has today. - Gavin Wood (Polkadot founder) has also invented Solidity, co-founded Ethereum and Kusama. -BTC volatility doesn't affect too much DOT's price movement which confirms that people are confident in holding this coin. I expect the price to 4X in the next 3 months and 10-20X next year BUY THE BREAKOUT OR THE RETEST OF THIS WEDGE AND HODL!
Long
by Crypto_Capital
Polkadot (DOT) Continuation Bullish SWING TRADING STRATEGY Polkadot is one of the best Alts out there, i can say Polkadot is the alternative of Ethereum, that's why i can't take my eyes from it 😍😍😍 DOT/BTC is in strong bullish since listing on binance EMA 21 is the support for mini trendline(blue line) and it was breakout from the bigger trendline and accumulation area EMA and MA is in the below as supports Entry : 507 - 560 Target 1 : 595 Target 2 : 670 Stop Loss : 487
Long
by SultanProfit
3