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DOTUSD

DOT/USD - Can we push higher? DOT consolidating.DOT had a fantastic week with a 24.8% price increase. This came due to a major breakout from the ascending triangle highlighted in blue. Dot quickly made past the previous resistance at $48 and continued up to reach the current resistance, which sits at $53 The indicators are on the bullish side and signal that there might be more to come from DOT before any significant correction. At the present time, DOT has to clear beyond the $53 resistance to expect further increases in price. Looking ahead, DOT is one of the strongest altcoins in the market, with solid fundamentals that can propel prices to much higher levels. If DOT is successful in passing the current resistance, the next critical level will be found at $71. Like and follow if you liked my idea!
Long
by DU09
1
DOTUSDT - Give it a try from HS patternBYBIT:DOTUSDT 1H trend chart - DOT has broken out the inverse HS pattern, but got resistance from a short-term downtrend line further. Now, it is consolidating between the trend line and the neckline of HS. If price can break through the trend line, trading strategy as below. - Profit Targets: a) 55.150----Fib(1) b) 58.985~60.535----Fib(1.272~1.382) c) 62.200----Fib(1.618) Stop losses: a) 51.565-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1
Polkadot(DOT) ready to breach All Time High yet again 📈 Hello. My short-term technical analysis on Polkadot(DOT) shows that we can have a move to 57$ and beyond. We have multiple supports reinforcing the 50-51 support level. We have: 1. ✅100EMA 2. ✅0.236 Fib 3. ✅Lower part of Price Channel 4. ✅Double bottom The 14-RSI also is resting on its own support(green dashed trendline) with a breakout on it's own channel. The price is in progress of breaking the red dashed trendline, which is bullish. When broken we may start seeing a bullish climb to $57, maybe even $60 DOT in my opinion has some really good potential. Let's see how this coin moves. I expect about a 10% move in the upcoming days. Give constructive feedback in the comments, would really appreciate it! Thank you in advanced!
by Trader_ph
5
Polkadot #DOT 1D - Bearish DivergencePolkadot (DOT) has had an amazing run up to an ATH recently. Now it seems there is retracement going on and a Bearish Divergence in sight on the 1D Chart. I set up a few trend lines to watch out for mixed in with Fib levels. DOT is following a nice channel in an upward direction since launching but it is also touching the top of the channel so keep that in mind. Lastly, RSI needs a cool down in order for another leg up. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
KRAKEN:DOTUSD
by MillionaireEconomics
2
DOTUSD Analysis 5/11/2021Update from previous idea: DOT has played out exactly as predicted hopefully a few people have seen my analysis yesterday as this price action would be no surprise to anyone. the grey support line held pretty well today until we finally broke below and got a bearish retest before we then quickly broke below our red sloping trend line. I will look for support around my green support lines, worst case in the short term I see $47.25, if we are bullish then a wick to 49.9 is very likely we are looking for a bearish retest of this level or in the best case a break back into the trend and a test as support. sometimes alts like DOT and SOL can be good market indicators I think the price direction is clear here short term bearish and that could be the direction the full market takes.
by ryanc49
DOT/USD November Price TargetsLooking at the 2-day time frame of Polkadot we can see the whole picture from the start of the uptrend at $30.45 to our current price currently testing resistance at $53.53. DOT is in price discovery mode and looks like its going to complete the Fibonacci cycle and reach $76 per coin. It depends on how we close on this 2-day candle, but chances are we’ll pullback a little bit as traders are taking profits, before jumping up towards the next Fibonacci targets. Behind BTC, ETH, DOT is the 3rd most stacked cryptocurrency among institutional investors so its safe to say that they are here and noticing the fundamental underlying-value in Polkadot and its ecosystem. TP1 🎯 $67.82 TP2 🎯 $76.65
Long
by kyer
1
DOTUSD Analysis 4/11/2021Update from previous idea: DOT is AMAZING!!! what a week DOT has had it's been so fun trading this, my previous analysis I had bet on DOT going as low as $41.7 and we actually touched $41, annoyed at that call by me however trading with lower leverage at my entries would have put you in a slight loss before making quite amazing gains! it has just been breaking out, consolidating, breaking out, consolidating and it's been golden to trade managed to catch a 97% profit trade with 10x leverage off of these moves so safe to say I have been enjoying DOT. currently I am watching several levels trying to catch the best entry, first level is the grey line highlighted here. Currently because we are so bullish right now everything is breaking down bar a few, we have held it perfectly, a break of that line I am then looking at a test of this sloping upward support level where we have bounced several times the past week, the last time we got close to it the buying pressure was so strong we didn't get a touch but I still think it is valid breaking that we will see a touch around the $49.9-$49.2 levels and if we can get that low I will be loading up a big trade again, these levels will be crucial especially with it being Friday tomorrow the weekend can see huge volatile wicks clearing out leverage in the market, keep an eye for these levels and hopefully these calls are more accurate than a couple days ago. as for right now, we are in no mans land I am not in a trade I'm gonna let the market pick its direction before I decide my next move or let us at least test the $51 level before my first buy
by ryanc49
$DOT accumulate, stake then wait for $100 PolkadotNow is the time to start buying $DOT. We could see a further pullback down to support between $8-$10 USD. However it is holding its channel nicely. For that reason waiting for a dip down to the those levels could be risky. A good DCA strategy will position you well for the next move up towards the top of its channel. Fib extensions take us all the way to $230, on the conservative end we are looking at $100 - $130. Best thing about holding this for the next six months is staking! An easy 12% can be gained while you wait for it to hit its peak.
KRAKEN:DOTUSDLong
by MoonBag
4