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DOT / WRAPPED SOL on Solana (6M5NJKBV8PCC4EME3C9OFW3628N9HVSHTWS2W7PX8JG9) in USDDOT / WRAPPED SOL on Solana (6M5NJKBV8PCC4EME3C9OFW3628N9HVSHTWS2W7PX8JG9) in USDDOT / WRAPPED SOL on Solana (6M5NJKBV8PCC4EME3C9OFW3628N9HVSHTWS2W7PX8JG9) in USD

DOT / WRAPPED SOL on Solana (6M5NJKBV8PCC4EME3C9OFW3628N9HVSHTWS2W7PX8JG9) in USD

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DOTSOL_6M5NJK.USD trade ideas

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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:DOTUSD
by TradingShot
2
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
KRAKEN:DOTUSDLong
by SmoothJB
DOT Polkadot closed 3 of 5 tasks on the 4h chart...DOT Polkadot closed 3 of 5 tasks on the 4h chart... 1. breakout of the resistances on RSI and OBV (done) 2. flip the MA Ribbon bullish (green) (done) 3. breakout of the red trendline channel (done) 4. break the volume resistance 5. confirm breakout(s) and have fun 😎 But be a little careful... hidden bearish divergence with RSI has to be avoided. Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *not financial advice do your own research before investing
BINANCE:DOTUSDLong
by Crypto4Everybody
2
Polkadot is now officially live and onlineOn December 16 at 10:07 UTC, the first five auction winning parachain projects began producing blocks for the first time on the Polkadot network. Acala, Moonbeam, Astar, Parallel Finance, and Clover are all officially online. This is a defining moment in Polkadot's 5 year history. This news is very bullish for a crypto project that has been gaining huge amounts of value while it was just in development stages. I am very excited for this project, and I believe we can expect the start of another interesting bull run for the $DOT token. More on this announcement : polkadot.network
KRAKEN:DOTUSDLong
by bglaser
1
DOT breakout Polkadot has broken out of its declining channel which was the handle of the cup. The cup and handle pattern suggests a movement to $65 at the 1.618 fib level and there is a major resistance level ion the range $80-90 around the 2.272 fib level. The two major indicators, RSI and MACD are both showing promising signs of a reversal, the MACD which has gathered enough momentum for the upwards movement. Past history tells us twhen this MACD crosses, we got on a run. Have a great new Year.
KRAKEN:DOTUSDLong
by Jimmy205
3
PolkaDot Ready for $100 Club because Strong Buy Pattern#DOT/USDT Exclusion TA Update:- $DOT finally hit again Strong support as I mentioned in my chart many time. Strong support = $24 Now Chart..? As per chart $DOT is bullish and I am also Accumulating here. I am expecting 150% Profit form support level. Every time Strong bounce back because of Bullish engulfing Pattern. This time also Bullish engulfing Pattern at Strong Support level. Entry:- $24-$28 Target:- $40/$60/$170 Stop Loss:- 23 Don’t forget to Click LIKE button guys.
BINANCE:DOTUSDLong
by CryptoPatel
3
Polkadot Now has LARGER 1-2 SetupPolkadot (DOTUSD) invalidated its nested 1-2,i-ii setup that was our primary PURPLE pattern by breaking below the 25.75 support. While that is unfortunate and makes the bearish RED alt pattern more likely, the new primary GREEN pattern now identifies our 55-top as larger subwave(i). And that means our standard overhead targets for DOT have risen substantially . Subwave(iii) now targets 235-349 while Subwave(v) now targets 445-660. There are also strong Fibonacci confluences at 191, 381, and 583 at which we can see pullbacks. The larger 1.618 ext at 1161 still looms and could possibly serve as the major top for Polkadot if things go extra bullishly. All this is great news as long as we stay over support at 19.69 , which marks the 61.8% retrace of our new green subwave (i). Dropping below that can substantially increase the likelihood of the bearish RED alt pattern manifesting. Officially, breaking below 10.34 will make the bearish red pattern my primary, but in all honesty, if the altcoins are going to see that kind of bearishness, BTC and ETH will flash strong warning signs well before we get that low! As the rally continues, it will become more and more important to focus more on dollar-cost-averaging (DCA) to purchase DOT as opposed to buying in large lump sum amounts. The risk-level increases as the price rises, so your window is closing on deploying larger amounts of cash. Remember to diversify not only what you purchase but also the TIME of the purchases; that's where DCA can help! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #polkdadot #dot #polka #crypto
KRAKEN:DOTUSDLong
by Critique-al-Thinker
3
DOT is deeply undervaluedPolkadot price is bottoming out around $25 and its showing signs of turning bullish. RSI indicator is starting to rise from the oversold levels as bulls strongly defend the support zone. The price is down some 50% from all-time high reached in November and has lots of room to grow. This is a good area to accumulate positions. Don't forget DOT has staking option. Bullish news on DOT -> Deutsche Telekom AG subsidiary – T-Systems Multimedia Solutions (MMS) has bought an undisclosed amount of Polkadot (DOT) tokens in latest blockchain push. MMS is not new to the world of blockchain technology as DOT has become the fourth blockchain that the German telecommunications giant has added to its list.
KRAKEN:DOTUSDLong
by Tilen_tradershub
DOTUSD - A Long Term Look At This Giant WedgeIn my previous looks at DOTUSD, I drew the dominant long-term pattern as an ascending channel with arcs up and down the channel. Here I look at another possible dominant pattern: The giant wedge that has been forming since it was listed on Kraken, the first major US exchange to list it and have significant trading volume. We see a few things looking at the pattern from this perspective. First, there is a nicely formed wedge pattern with well-established resistance around $55, and a well-established ascending support line that now gives support at $19. $19 has also been a key resistance and support throughout DOT's history, as I highlighted (to the best of my limited ability) with some red circles. I'd expect this to be an extremely strong support level, limiting our likely downside from here. Of course, if $19 breaks, it's probably time to cash out and wait. If the price bounces as expected and follows the current green arc up, within a short time it will hit the resistance around $55. If it can manage to break past that level, the price will easily get to $100 and beyond. If that pattern plays out, expect resistance and downside when we intersect the previously formed red arc, and as it approaches $55, and then probably a backtest to that level as support. Good luck and enjoy.
KRAKEN:DOTUSDLong
by funtimes