DOT Exchange Trading Idea 22-01-02Last week we were looking for price to break above the 50EMA which it didn't. Currently back in the middle of the 50% zone so really not a decent sign of price going back up. The price is still a good price for DOT but the issue with getting in now is that your capital may be tied up for longer than you want in order to get your % gains.
DOTUSD
UPDATE: DOT UP 700% after bull signal - 300% more to come?Please Like or Follow if you enjoyed this content.
UPDATE: The price jumped 700+% after the bullish Supertrend Ninja signal. The Supertrend Ninja also predicted the drops of April 2021, May 2021 and Nov 2021. Using fibs. Price can go at least another 300% up, if this is the bottom. Although the Supertrend Ninja hasn't given a bull signal as of yet.
Supports and Resistances are highlighted as grey blocks. Next resistance around 39 USDT. Profits can be taken at each grey block. Supports and resistances are drawn using the indicator 'Yo Show Me Some Support - and Resistances'. Pun intended.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Thank you for reading.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
#Polkadot´s 4 tasks on the 4h chart... #DOTPolkadot´s 4 tasks on the 4h chart...
1. breakout of the resistances on RSI
2. keep the MA Ribbon bullish (green)
3. clearly break the volume resistance
4. confirm breakout(s) and have fun 😎
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
DOT Stoch RSI cross on Weekly (happens once or twice in a year)There is a very bullish setup occurring in DOT atm with the Stoch RSI crossing into bull momentum for the first time since July 2021... these weekly crosses don't happen often in a year.
Knowing that alt-season is likely about to progress and develop at a much quicker pace as it usually does in Q1-Q2 of any given bull year, DOT is probably one of the most undervalued pickups here since they have already fully launched Parachains. Expect more bullishness as projects continue to develop and as DOT ramps up transaction speeds. If you needed any clue on how fast DOT is even at these very early stages, it sends pretty much instantaneously already... much faster than about a year ago when I tested the speeds. They are capping the speed for now but soon we will see scaling as Dr. Wood and the dev team become more confident in their interoperability. KSM will do well too but DOT is severely undervalued here compared to larger cap coins. DOT could very well be $150-200B market cap by Feb/March 2022.
DOT - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
DOT is sitting around a strong support zone in blue so we will be looking for buy setups.
on DAILY: DOT is forming an inverse head and shoulders pattern, but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, DOT would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DOTUSD needs to break the 1D MA50 asap. More downside if not.Polkadot had a brutal rejection yesterday just below the 1D MA50 (blue trend-line). Being on a corrective wave since the November (All Time) High, the price needs to reclaim that trend-line as failure to so has brought in the past a Lower Low. The obvious comparison is May-June-July 2021. On June 03 the price failed to break above the 1D MA50 and that resulted in two Lower Lows until July 30 when it finally broke above it and started a rally until November.
Being on the Channel's Buy Zone (green area), DOT is even now a solid long-term buy though, and also there is a hidden RSI pattern (dashed lines) that shows that we may actually be on a July 26-like rejection and not June 03. We will soon find out but one thing seems for certain, a break above the 1D MA50 is a bullish break-out signal.
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PolkaDot Retracement over ..? and Already did 20% within 2-3 day#DOT/USDT
$DOT our Last entry filled at $27 and went upto $33.27
Almost gave 20% profit.
Now some Retracement at this moment.
Now…?
Now $28 is good support level.
If hold then we can see big spike in price otherwise $24 is strong support.
First Target still same = $60
Targets:- $40/$60/$170
Stop Loss:- $23
Market Update - Big Green Day! Will the trend continue?In this video:
* The bulls have emphatically returned to the stock market
* Will the crypto space follow suite
* A review of my purple altcoins from yesterday
* You still have opportunity to enter some of these trades
Wishing you the best in all your trades!
- Stew
DOT/USD: Bounce Higher Shakes Off Dust After Mid-Term LowsOn the 20th of December, DOT/USD was near the 23.5000 mark and treading depths not seen since late August. However, in the past week of trading, DOT/USD has climbed higher and produced a solid incremental surge and is now within highs not demonstrated since early December. As of this writing, the price for DOT/USD is close to the 31.6000 level and the price of Polkadot is correlating rather politely to its major counterparts which have seen gains the past week.
Before traders decide to jump on the bandwagon based on the belief another surge higher is about to be exhibited by DOT/USD, they should make sure they keep their ambitions in check. The holiday season can produce strong volatility due to volumes being rather light and producing imbalances. This allows big trading positions in which Polkadot is being bought and sold via exchanges and cryptocurrency wallets to effect values quickly.
On the 4th of November, DOT/USD was trading near 55.0000 and had punctured highs made in May of 2021 with a strong demonstration of strength. However, since attaining these apex highs almost two months ago, Polkadot has struggled to find renewed buying momentum and it has gradually traversed lower, hitting rather nervous depths only one week ago. While the run upwards the past few days has been impressive and scored large percentage moves for short-term traders, the trend should be viewed cautiously.
As DOT/USD continues to bounce along the 31.5000 to 31.6500 level, traders may prove wise to wait to see if the early December values can actually be challenged. Conservative traders who are opening new positions of DOT/USD and want to wait for the next surge of momentum higher to indicate an ability to penetrate resistance levels may want to wait for the 31.9000 level to be penetrated and sustained.
Aggressive traders who feel that DOT/USD has ability to climb higher in the short term and want quick trades could look at this resistance as a take profit location. However, traders need to make sure their transaction fees allow them to look for fast trades if they are attempting to scalp pips.
Traders who are skeptical of the sudden rise of DOT/USD and want to be sellers may look at the current price realms as overbought. They should use stop loss orders correctly in case their technical analysis doesn’t meet expectations. DOT/USD is in an intriguing trading area and speculators may be attracted to the cryptocurrency if they want to make short-term wagers.
Polkadot Short-Term Outlook
Current Resistance: 31.9100
Current Support: 30.6700
High Target: 34.2500
Low Target: 28.1100
DOTUSD End of 2021 Price AnalysisLooking at Polkadot (DOT) on the 12-hour time frame, it seems to have bottomed & reversed so i’ve created a valley to help visualize where the price is headed.
Polkadot has been in the news quite heavily recently, with all of the institutional money allocated into it behind BTC, ETH as well as the launch of parachains after some five years in development. Parachains are individual networks running in parallel to create a harmonized, interoperable ecosystem.
The bottom was along the $23.26 Fibonacci level and from there we bounced back up. At the moment, Polkadot has regained the 1.0 Fibonacci level at $30.40 and is now looking like its going to continue this momentum upwards towards $35.15+. As long as DOT can hold above the 1.0 Fibonacci level, I believe this trend / momentum is valid and we’ll eventually see this valley play out.
As always please do your own research, I am not a financial advisor.
Bullish Polkadot ($DOT)One of the coins $DOT I am interested in as well as many others but Medium term I feel this project can excel further as we head into digital transformation further regarding Web 3... (Please do your own research as this isn't financial advice).
Technical View - Out of channel down - Bullish set up -
Pattern - Coming out of descending wedge could head towards 50 - 200 EMA.
Trade Journal
(Not Investment Advice)
DOT - the fall could continue, just wait for these scenarios.The support could not hold the price and the DOT broke the key level. This level is now resistance, in case of a retest, there could be a good selling opportunity.
Liquidity levels, which could hold the price down, are noted below. False breakout of liquidity levels could be a good buying opportunity. A breakout of the trend line could also be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.