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DOTUSD Perpetual Swap Contract

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DOTUSD.P trade ideas

$DOTUSD - Hang in thereHello everyone! The cryptomarket corrected today after the release of economic data from the US, the US Dollar index almost hit 93, hence gained some weight over all assets traded against it. There are various patterns on other altcoins, some like AUDIO even gained more than it lost today but we'd like focus on Polkadot. So far it's above the dynamic support, and if keeps above it, will jump to 36 and 37.4. However closing below this line might get the price to 32.
FTX:DOTPERP
by realMarketSurfer
2
Polkadot Price AnalysisThe four-hour chart shows that a rising trend line has capped the price since the middle of August. The trend has been a constant source of rejection for the price and the catalyst for last week’s technical reversal. Furthermore, the trend which is currently seen at $39.00, proved the high for the last two days. Therefore, as long as Polkadot stays below the trend line, a correction is possible. In that event, some obvious downside targets emerge. A rising trend line at $34.00 from last week's low is the first support level. Below that, the 21st of August high around $29.50 offers the next level of support. However, if the Polkadot price manages to clear $39.00 an extension to the $42.00-$45.00 is probable. Furthermore, above $45.00 and the all-time high of $49.77 could be under threat. Feel free and get in touch for more ideas and trade signals
BINANCE:DOTUSD
by thomasfullerofficial
DOTUSD - Bearish Divergence-Bearish Divergence on the 1 day chart. -More of this divergence can be seen in the near-term on a 4 hour chart, as well (not shown here). -Stochastic RSI shows there may be a little more upward movement possible before a reversal. -The 0.5 fib extension level, as well as resistance at $32.4 may be difficult to overcome, but price might push on up to the 0.618 fib. Let's see! -Keep an eye on BTCUSD and ETHUSD, as they can affect DOTUSD's price. Good luck, and have fun. Note: Don't trade based on my ideas. They're worth exactly what you paid for them. I'm fairly new to this, and my charts are for my own entertainment, education, and record keeping.
KRAKEN:DOTUSDShort
by NickelOak