Polkadot: How to Make x5 in Simple Way
Polkadot is a strong project with solid fundamentals that can give investors x3 - x5 profit in a good bullish period.
It should be added to any investment portfolio and of course, I'm holding it as one of the main assets.
The price moved down from around 50$, bounced from 10.50$, and moved to 15$. If we look at the daily chart, we can see an amazing opportunity for buying using the current prices. Of course, everyone has to do their own research and follow trading signals from their trading strategies. From my point of view, the asset looks interesting for long-term trading with a price below 17.50$.
We can talk about different approaches to how and when we should open long positions, but I think it makes no sense. If you trade in a spot market, buying the asset in the majority of cases will give profit. You should know the most simple and reliable DCA strategy which every investor can apply to this asset starting from the current prices.
IF the price stays above 10$-10.50$ which is an obvious bottom right now, we should be ready to see a breakout above 17.50$ resistance and an upward movement at least to 27.50$ resistance. If Bitcoin reaches the ATH, Polkadot will be able to reach and update 50$ ATH. I think even 100$ is a reachable target for Polkadot. It is just a question of time.
IF the price breaks the bottom, the next interesting levels for averaging will be around 7$ and 3.5$. Reversal setups from these support levels will give amazing trades. I think we will be able to see these prices only if Bitcoin breaks 30 000$. Do you believe in it? So, it makes sense to consider this option but not use it as the primary option for planning future trades.
I think the next market movement will be to 17.50$ resistance where we will get a reversal with a short-term pullback. The resistance and MA50 will be able to stop the bulls and push the price downward to 13.55$ and even to 10.50$ one more time. such a downward movement will give new trade opportunities for buying to those, who missed reversal setups from 10.50$. For other traders and investors, the pullback will give new trade opportunities for adding new long positions.
IF we look at the indicators:
RSI confirmed the price reversal from the support.
MACD is bullish and supports further upward movement.
And what do you think about this coin? Please, share your thoughts below in the comments. Also, please support my work by smashing the like button.
P.S. as I can see the high demand is for posts about Bitcoin only. I don't want to believe that you don't care about other interesting assets. Diversification is a very important element of any stable and profitable trading/investing. I'm ready to write about different markets and trading aspects if you support other topics as well. Please, think about it.
It should be added to any investment portfolio and of course, I'm holding it as one of the main assets.
The price moved down from around 50$, bounced from 10.50$, and moved to 15$. If we look at the daily chart, we can see an amazing opportunity for buying using the current prices. Of course, everyone has to do their own research and follow trading signals from their trading strategies. From my point of view, the asset looks interesting for long-term trading with a price below 17.50$.
We can talk about different approaches to how and when we should open long positions, but I think it makes no sense. If you trade in a spot market, buying the asset in the majority of cases will give profit. You should know the most simple and reliable DCA strategy which every investor can apply to this asset starting from the current prices.
IF the price stays above 10$-10.50$ which is an obvious bottom right now, we should be ready to see a breakout above 17.50$ resistance and an upward movement at least to 27.50$ resistance. If Bitcoin reaches the ATH, Polkadot will be able to reach and update 50$ ATH. I think even 100$ is a reachable target for Polkadot. It is just a question of time.
IF the price breaks the bottom, the next interesting levels for averaging will be around 7$ and 3.5$. Reversal setups from these support levels will give amazing trades. I think we will be able to see these prices only if Bitcoin breaks 30 000$. Do you believe in it? So, it makes sense to consider this option but not use it as the primary option for planning future trades.
I think the next market movement will be to 17.50$ resistance where we will get a reversal with a short-term pullback. The resistance and MA50 will be able to stop the bulls and push the price downward to 13.55$ and even to 10.50$ one more time. such a downward movement will give new trade opportunities for buying to those, who missed reversal setups from 10.50$. For other traders and investors, the pullback will give new trade opportunities for adding new long positions.
IF we look at the indicators:
RSI confirmed the price reversal from the support.
MACD is bullish and supports further upward movement.
And what do you think about this coin? Please, share your thoughts below in the comments. Also, please support my work by smashing the like button.
P.S. as I can see the high demand is for posts about Bitcoin only. I don't want to believe that you don't care about other interesting assets. Diversification is a very important element of any stable and profitable trading/investing. I'm ready to write about different markets and trading aspects if you support other topics as well. Please, think about it.
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