DOT → Rocket to the Upside? This Simple Analysis Answers That!DOT reversed from $5.88 into a bear channel on November 11th and had three pushes down that ended 10 days later. This point of impact included contact with the 200EMA which resulted in a large bull bar closing near its high. So is the bear channel over and this bull flag play out?
How do we trade this?
The current price area is crucial to whether or not we long here. If this bar closes on or near its high it will be yet another strong bounce off of the 200EMA forming a higher low. Such an occasion gives us enough justification to enter a long position, placing a stop below the 200EMA and targeting the previous high when the bear channel started.
It should be noted, that the price is below the 30EMA and the bear channel resistance, so watch out for resistance at these levels. Be prepared to either take some profits at the bear channel resistance or get out if the price action begins to show signs of reversal, such as strong bear candles closing on or near their lows.
Taking selling half of your position for profit at bear resistance gives you about a 1:1 Risk/Reward. You could move your stop loss up to break even, and then you've locked in profits. The remaining half of your position becomes a bonus at the 1:3 Risk/Reward, which should allow you to make more rational decisions in your trade management.
Trade Idea
Long Entry: $5.14
Stop Loss: $4.92
Take Profit: $5.80
Risk/Reward Ratio: 1:3
Key Takeaways
1. Bear Channel/Bull Flag, Look for Long Entries.
2. Three pushes down, Bear Capitulation Candle on the Third.
3. Strong Bull Response on 200EMA, Reversal Evidence.
4. Currently forming a higher low, wait for the Candle to Close.
5. RSI coming up from 33.00, Bias to Long.
You are solely responsible for your trades, trade at your own risk!
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Dotforecast
Investments zones for PolkadotBINANCE:DOTUSDT
Here is my targets for investors who have a stable coins and waiting the best golden price for long term.
Everything in -0.18 and -0.27 zones what I've mentioned on a chart is good time to accumulate more DOT
On global daily Histogram since May 2021 drop we can see how price is break new ATH and going almost to the same bottom, but on histogram shows we are really soon can see the bottom and start new alt season to my conservative prices around 70 and 100 usd per DOT
Follow me on Trading View and other social media. Link under this idea
Thanks
Polkadot (DOT) – insane long today!Hello, everyone!
Let’s continue analyze altcoins which have the potential to reverse before the whole cryptomarket. Yesterday I told you that ADA is about to finish the bear market, today I found the DOT which have almost the same or even stronger bullish bias!
Let’s take a look at the 1W timeframe DOTUSDT chart. On the weekly chart the signals are very strong but can be realized several months. I suppose that this asset is now next to the perfect entry mid and long term point. First of all I want you to bring your attention to the clear Elliott wave structure. The whole bear market globally consists of the waves ABC. Waves A and B have the zigzag abc structure and the wave C has the 12345 waves structure. Looking at the very strong divergence I can conclude that the wave 5 is about to finish. What does it mean? It means that downtrend on this coin is about t end. Now it’s the best time to start accumulating the long/mid term holdings in crypto.
Classical TA also showing us the nice buy opportunity. 1W demand zone is the extremely strong support. It is not just the abstract line which have to stop the dump with no reason – this is what the large players on the market monitor to have the best entry point. Moreover, look at the decreasing volume during the bear market. It means that the bears became weaker an weaker every week and very soon they will not be able to maintain the new lower lows setting. I have already bought DOT without the confirmation because it is the fundamentally strong asset which is not going to be scammed with the high probability.
Best regards, Ivan
#DOT/USDT 2HOUR UPDATE !Welcome to this quick DOT/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for trade:- As we can see in the above-mentioned chart that DOT rejected the triangle resistance level.
Currently, DOT is trading near the support zone which is a $9.10 area.
We can add some DOT near this level with SL.
The resistance is $9.90 - $10.00 area.
A break above will dice the next move.
Candle close below the lower trend line support will be the invalidation point of this chart analysis.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
#DOT/USDT 2HOUR UPDATE !Welcome to this quick DOT/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- DOT/USDT PARALLEL CHANNELdown side buy the green zone. PARALLEL CHANNEL.
Entry:-$8.57,$8.78
Traget:- 15%
Stoploss:- $8.05
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
#DOT/BTC 1DAY UPDATE BY CRYPTOSANDERS !!Welcome to this quick DOT/ BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-DOT/ BTC PARALLEL CHANNEL and buy the green zone and (SPOT CALL)
Entry:-0.0003000,0.0003333
Traget:- 50%
Stoploss:- 0.0002722
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
DOT Long term analyis
📊 DOTUSDT (PolkaDot)
🕚 Time Frame: Daily (Update)
➖➖➖➖➖➖➖➖
🟡 Polkadot is moving in a daily time frame and in a long-term chart within an uptrend channel, and in the last few days after hitting the floor of this channel, with the support of buyers, this level has
been maintained again. The price above the significant resistance level of 28$ must be fixed to complete the fall wave
📉If the channel floor is broken, the price easily falls to the specified supports. However, it is very unlikely that the Channel floor will be broken.
✅Holders If you have not bought yet, you can buy one step in correcting the hourly prices.
👤 AmirHossein
📅 02.09.2022
⚠️ (DYOR)
DOT/USDT 2HOUR UPDATE BY CRYPTOSANDERS Welcome to this quick DOT/USDT analysis.
I have tried my best to bring the best possible outcome to this chart.
Reason of trade:- DOT/USDT 2hour analysis look bullish trend chart and MACD bullish crossover buy green zone
Entry:- CMP buy green zone
Traget:- 35% to 50%
Stop loss:- 17.07
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
When will there be DOT price $200 on the Polkadot network?Interesting question ?) Let's look for an answer together.
In the comments below the idea, write your thoughts: what is the fundamental news and development plans of Polkadot network that can lead to such a powerful growth of DOT token value?
Our TA tells us that if buyers manage to keep the DOTUSDT price above $14-18 by the end of 2021, that would be a cool buying zone for a semi-annual investment.
The upside target would be around $200 . So if such a plan is successful, an investment in DOT could bring in x10-x15 depending on the buying point.
Let's find the truth about the future of the DOTUSD trading pair together, in discussion, and then we'll take it to the chart and flesh out this global idea.
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
#DOT Buy Setup Very Bullish MomentumPair: $DOT/USDT (Binance, FTX)
Direction: ⬆️LONG
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Position Size: 5-10%
Leverage: 3-5x
Trade Type: Standard Trade
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orders laddered below our highest relevance mid term support level. Expecting one more retest before breaking our and reaching new highs.
*For spot trading, orders may be laddered from our current market price.
ENTRY : 37 - 39.20
(OTE: 38.27)
🔘Target 1 - 39.70
🔘Target 2 - 40.50
🔘Target 3 - 41.50
🔘Target 4 - 43
🔘Target 5 - 45
🔘Target 6 - 49
🔘Target 7 - 55
🔘Target 8 - 63
🚫STOP LOSS: 34.59
RISK: Medium
DOT - UPDATE! LOOKING FOR A BOUNCE!AS IS THE REST OF THE MARKET! WE'RE LOOKING FOR A BOUNCE! This will depend on the BTC idea I posted (see link below)
A couple spots to watch are identified in the chart. We're in a very volatile area of the markets right now BUT I think we ARE NEAR the bottom of that!
CAUTION TRADERS AND LEVERAGE USERS!
IF YOU HODLING - NO WORRIES! THE MARKET SENTIMENT IS STILL BULLISH AND THIS PULLBACK IS NORMAL
*This is NOT financial advice. This is just an IDEA based off my experience analyzing charts and studying crypto. I recommend researching cryptocurrency because of the potential for you to become A BELIEVER of this technology and its future (FUNDAMENTALS ARE WHAT MAKE OR BREAK CRYPTO) IF YOU HAVE THIS, INVESTING BECOMES MUCH EASIER!*
Polkadot Update: 11% away from ATH next Target $73 @ 161.80%Polkadot Update 20/10/21: 11% away from ATH @ $49.45, the next Target $73 @ 161.80% Fibs. Happy Trading
Polkadot Update 19/10/21: Bullish Bias still holds! Please See Previous analysis below. Buy Signal from Script triggered on the 1st August: Fast EMA Crossover Slow SMA .
Confirmed reversal, Polkadot Buy Signal from Script triggered: EMA Crossover SMA just below the 23.60% fibonacci level, 43% gain from here to retest the 200 MA. Use buy zone to map your buys. Swing target from here is 160% gain from $18.92 to $49.75.
Current Price Targets: 20/10/21
127.20% Fibs @ $60.08 (35% Gain from current price level)
161.80% Fibs @ $73.59 (66% Gain from current price level)
261.80% Fubs @ $112.66 (155% Gain from current price level)
Happy Trading :)
See previous analysis below.
Polkadot (Dot) Buy opportunity! Potential 50%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano , Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension .
Polkadot Update: Buy Signal Script triggered: 45% Gain to $60Polkadot Update 19/10/21: Bullish Bias still holds! Please See Previous analysis below. Buy Signal from Script triggered on the 1st August: Fast EMA Crossover Slow SMA.
Confirmed reversal, Polkadot Buy Signal from Script triggered: EMA Crossover SMA just below the 23.60% fibonacci level, 43% gain from here to retest the 200 MA. Use buy zone to map your buys. Swing target from here is 160% gain from $18.92 to $49.75.
Current Price Targets:
127.20% Fibs @ $60.08 (45% Gain from current price level)
161.80% Fibs @ $73.59 (78% Gain from current price level)
261.80% Fubs @ $112.66 (173% Gain from current price level)
Happy Trading :)
See previous analysis below.
Polkadot (Dot) Buy opportunity! Potential 50%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano , Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension .
DOT 12h For the medium term, we are ready to buy at $19Only a month has passed since the publication date of the previous idea, and the DOTUSDT price has doubled in price and met its upside target.
In a previous idea, we wrote that the weaker the correction, the stronger will be the rise. If you look at the previous idea, you will see that there was almost no correction and this is the result. The buyers were able to take the DOT up to $36 and that's where yesterday's drop happened.
We would like to be wrong, but it seems to us that this is not the end of the decline, and the +/- safe zone for buying DOTUSD will be somewhere around $19.
Yes, we don't rule out a slight bounce of the Polkadot price up to $28-29 in the coming days, but globally we think the full growth correction is not over yet.
_____________________
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Do you want more forecasts from us?
Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
DOT Price technically moves on the chart where to buy and sellIt turned out that the last time we made a global review of the DOTUSDT trading pair was to do as in February 2021.
But the idea worked pretty well , which we saw on the graph, see for yourself.
Also, during these 6 months, we made several short-term ideas for trading the DOTUSD pair, they can be found through the search in our ideas.
Having opened the DOTUSDT chart today, we saw that the price moves smartly from the liquidity level to the liquid level , so there is no need to invent a bicycle again.
Let's trade DOT from level to level and just take out our modest profit from the table in time)
Based on the current DOTUSDT price chart, a correction suggests a fall to the $13-14.50 price zone , where it will be possible to buy a long position at a tasty price. After this correction, we can expect growth to $28-31.
The logic is simple : if the dynamics of correction are weaker, to the upper part of the liquidity zone, then a powerful shot can be expected up to $31. If the correction will be deeper and more protracted, then it will be better to start fixing longs when the DOTUSD price crosses the $28 mark.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)