If you bought the dip around 14.74$, you have already made a 16% profit in a few hours, not bad.
I watch several youtube videos and read many analysis, and i'm not sure that a share their over positive point of view. Could Polkadot make 100$, yes, why not? In trading anything is possible, but... yeah but is it realistic in the near future. I don't believe so. Again, this not financial advice, but if you wish to become a trader, you have to trade the charts, not your expections. Of course you can dream, but we dont trade dreams, but money, so if you don't want to lose all of it, trade carefully and always do your own research... or at leats don't listen to just the point of view that fits your wishes.
I'm sharing this video today, I don't agree with everything said, but it's always good to listen to different views. Can help build your own, change your mind or stick with your first impulse.
However, let's take a look a the charts. So it looks good on the daily timeframe.
We are over the 200 MA, so it's good and we're trending up.
On the hour timeframe, looks a bit late to entry, better wait for the next pullback.
Looking at the Fib pivot points, We can expect to up to 24-25$.
So, be patient, wait for DOT to go back under 16$ and you may expect a 56% profit. If it doesn't go back...too bad, you don't have to trade on every move. Wait for a better entry or another pairing.
Good luck and good profit!
This is not a financial advice. Trade at your own risks
Posted Using LeoFinance Beta
Interesting analysis, do you think it is right time now or your analysis still stands, ~$17.2 ?
Still not enough volume to go through the resistance. Price will probably pullback local support around 14 or at worst the strong support at 10$ and retest the 18issh $ resistance. Patience is key and nobody can predict the market. That said, buying under 14 will start giving you a positive risk/reward ratio.
Agree, next btc pull back will likely take it down... $24 you predicted likely takes few months?
Channel is getting narrow on the Short term timeframe...so let say around 18$ and then back to support. I'm waiting for the day to the end before doing another chart... FOMO aside, I don't see the price reaching 24 before the first week of February.
Thanks for information about Polkadot
You're welcome, but be careful if u decide to trade, DOT can still pullback to 10$... And then we ll have to see if a new ATH is still possible. Good luck.
of course. If I invest I will do it consciously and I will do it because I have decided to do it. It will be my responsibility
I sold my DOT’s when they reached 7$ ..
If you reached your personal target, that's what is really important. Regrets and IF thinking will only make you feel bad or worst make you trade recklessy. #sticktoyourgoals
Posted Using LeoFinance Beta
Let's say that then I wasn't happy, now I am 5x unhappy :(
Yay! 🤗
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