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DOTUSD.P trade ideas

$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
DOTPerp - Longterm Idea (beginners thoughts) - Crypto Market 21The Essentials: We are in a strong uptrend since low in July. Making higher highs and higher lows. Trading above the 200SMMA. Since August the 21SMMa crossed the 50SMMA and is increasing the gap continuously. Trendline is strong support. After consolidating in the second half of October, DOT reached an ATH on 01/11 ($51.6)! However the RSI is 3 points points lower during the ATH than the most recent high of 46.4 ---> which could signal a trend reversal, a RETRACEMENT before it goes parabolic (200+ ??). To confirm this retracement, I connected the swing-low end of September with the swing-high (ATH). This swing-low initiated the most recent uptrend, breaking through MAJOR resistances from earlier 2021 and mid September! It also bounced off the 50SMMA after retesting it as support twice. The Ideas: Prediction 1: the price drops to $45 (previous resistance, now support) due to crypto market in general moving up and BTC expected to rally in November. Bounces off from there to new ATH. This would have support from the trend line, which is accurate as support since end of September. Prediction 2: the price drops to $38. The major resistance from early 2021 and mid- September. This would mean a FIB retracement to the 50 level. If confirmed, a good entry to buy long at around $39-$40 level. Prediction 3: the 50SMMA continues to be the support as it was end of September. If the price drops, the 50SMMA should be a confluence to the golden ratio of .618 on the FIB chart. Strong confirmation if it does! Best possible scenario to re-enter DOT at $35.9-$36.6 levels. Thanks for reading and please let me know your thoughts/ideas. HAL
FTX:DOTPERPLong
by HAL88
DOT could take a Breather Above $46 Hitting New ATH The Polkadot price has risen 14% over the last 24 hours as DOT hit a new all-time high at $50.87. The Polkadot network moves toward increased functionality as parachains loom. The Polkadot price rallied approximately 24% on Monday to register a new record high at $50.87, rising above the $49.35 May record high. Increasing functionality of the Polkadot blockchain network provides the hind wind propelling the DOT bullish run. Parity technologies, the company behind Polkadot announced that “parachains” were coming to the network on October 13. Parachains (parallel blockchains) refer to full blockchains that will be incorporated into the Polkadot blockchain network to aid in validating and securing transactions. Polkadot's aim is to increase the interoperability of blockchain networks hence becoming the blockchain for blockchains. This will make the Polkadot network a layer-zero protocol. After the announcement, the demand for Polkadot increased as both the DOT price and trading volumes skyrocketed. However, prior to yesterday, the price was held in a tight price range between $40 and $45. Polkadot Price Rallies 14% To Set New Record High s DOT price bounced off the demand zone (green band) at $40.56 at the end of the weekend as illustrated by the long lower wick on Sunday’s candlestick. This is an indication that investors were getting in on the dips. This bolstered the DOT bulls on Monday who have pushed the Polkadot price 14% upwards over the last 24 hours. A rally that saw the asset hit a new record high at $50.87. The bears, however, are determined to pull the DOT price down. If Polkadot turns down from the current price around $48.56 it will find support at the $46.30 level. Therefore, expect DOT to take a breather at the end of the supply zone at $46.30 after which a resumption of the upward movement to new record highs above $50 will be the next logical move. On the downside, a slip below the $46.30 level could see the Polkadot price drop to tag the 50-day SMA at $36.76.
BINANCE:DOTUSDLong
by CoinGape
DOT resistance touched and now ? DOT finally got to his resistance area at 48$ and therefore as completed 1st target. Now of course i wouldn't recommend buying here as the resistance could reject the price. I see 2 possible plans : 1 : Prices break and close in Daily above the resistance area (above 51$) and we would look at pullback between 48$ to 51$ to enter long. 2 : Prices get rejected and go find support at 45$ level, which could act as support before a break of the main resistance. If i would be already long i would take some profit there and wait for lower prices to enter long again. I don't have a clear view so i would be waiting for option 1 or 2 to happen before acting.
BINANCE:DOTUSDLong
by Heatrading