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DOTUSD Perpetual Swap Contract

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DOTUSD.P trade ideas

Polkadot in Bearish Setup, Target at 19.25Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The cryptocurrency Polkadot (DOT) has constructed a descending triangle setup since the beginning of December 2021. The support line is observed around the 25.50 price level while the resistance trend line is seen with lower highs at 31.50 and 30. Expectations are for DOT to break support and head towards 19.25. Failure of this would take DOT back above 30.30. From a longer term view Polkadot has trended lower and is currently testing support. A break lower can take the cryptocurrency towards 10. Technical Indicators Currently Polkadot is below its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. There has been negative crossovers on these MAs, which has set the downtrend for the cryptocurrency. The technical indicators have also shown bearish signs. The RSI is below 50 while the KST is in sell mode. Recommendation The recommendation will be to go short at market, with a stop loss at 30.30 and a target of 19.25. This produces a risk/reward ratio of 1.36. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to DOT.
KRAKEN:DOTUSDShort
by Ceddy86
Long DOT - Discounts on PolkadotDOT - without any doubt we are very BULLISH on Polkadot. We believe it's a great discount and a perfect time to start investing. Please go and DYOR on the project, if you don't know that much about it yet. The coin is highly susceptible to Bitcoin Dominance and has not yet corrected in the same manner, this is however temporary. There is a very strong support level of $17.37, which is very well held, it is also sitting on our trendline. We are not chasing a couple of cents here and there on the price. We are buying and holding. As you see there is a small SL under the support and trendline. That is in case Bitcoin starts falling and Dot follows, we will then be adding even better long positions, at a more favourable price. We believe that DOT at $18.5 is an amazing discounted gift. Like someone offering you a brand new Mercedes-Benz G-Class for 20k today. You find the money and you purchase it :) Targets: $30.9 | 35.4$ | 40.3$ | $47 | $51 | MOON?
BITFINEX:DOTUSDLong
by Atlas-Horizon
POLKADOT ready to go soon; behaves like BTCThe reason why DOT behaves like BTC may be because like BTC & ETH, many institutional investors are holding it. It was one of the first big winners last year. After plummeting straight down with decreasing volume, I think DOT is ready to reverse. It was recently rejected by the 23 pivot so it may go down first to retest previous low before a big rally. Note the big trading range so the risk to reward is great at this low. Better see if it breaks above 23 soon. Not trading advice
BINANCE:DOTUSDLong
by xtremerider8
DOTUSD BEAR! Head and Shoulders formation confirmation imminent?In the chart I have highlighted the key areas of the head and shoulders classic formation for DOT. Using a four hour candle chart, it appears that all, or at least most of the key characteristics of the pattern are present with the pattern one key step away from full confirmation. This is my first published chart, and I am not an expert quite yet on technical analysis so I am open to constructive criticism in my analysis of this pattern and my assumptions regarding it. If any of what I show or say in the chart is not correct please correct me! To the point now!- As seen in the box drawn you can see the namesake of the pattern clearly; two shoulders and a hear, with the neckline drawn at the resistance points before and after the head. The Head and Shoulders pattern is a highly effective pattern for predicting a downward shift in a securities value. The pattern must meet other criteria outside of the visual "head and shoulders" look on a chart. Other key indicators that can assist in verifying a true H&S include analysis of the trading volume as the formation unfolds. The left shoulder you will see increasing trade volume, this is text book from my research and study and also leads into the trading volume analysis within the "head and right shoulder. Trade volume is falling throughout the formation of the head and falling again throughout the right shoulder formation. From my minimal but diligent studying, these indicators must all be present for it to meet the criteria for a true H&S. Lastly, for the pattern to be truly confirmed, once the right shoulder is complete the price must break the resistance of the neckline, once this takes place a downturn is likely just a few candles away. As I am writing this the price seemed to have temporarily punched through the neck, but not to the extent that I would call it 100% confirmed, but I am fairly confident that event may be happening at this moment or will soon become a reality. If the price were to bounce and not break the neck then by definition I do not believe this would "qualify" as the H&S pattern. Thought this was very interesting and could be potentially helpful and somewhat educational for some, and hopefully I am able to help some of you out there either avoid some losses or even better, help some of you make some money via shorts. Thanks for taking a look. Please let me hear your feedback about this analysis, if it is good info/bad info/ or helped you to make or save money during a downward price move.
BITFINEX:DOTUSDShort
by brandonvarisco
DOT about to Breakdown from MASSIVE Price Channel. SHORT.These crypto charts are ALL looking various shades of UGLY. Already traded this one earlier with SHORT from $21.79. Closed that trade and NOW SHORT again. We are breaking down from massive Price channel of the last 2 years (Solid Think Yellow Lines). On the Daily chart we have tested this level many times and the momentum is picking up to the downside as well as all small rallies have been sold to reach support here. I am anticipating a break of the thin yellow support line and a washout lower. Trade what you see.
KRAKEN:DOTUSDShort
by eganon69
4
Polkadot | Weekly TimeframeThis is the last Altcoin we will look at today. Polkadot (DOTUSD), weekly (W) timeframe. We have the same base as the other Altcoins we looked at, namely ETH, ADA & SOL. That is a bearish candle this week with bearish indicators. Both the MACD and RSI are trending lower. The mixed signals here are coming from the ascending trendline of the giant flag drawn. The rising trend-line can work as support and the uptrend resume... If this support fails we are likely to see lower. I also looked at the 3 Line Break and Renko charts and they are fully bearish... We will know soon anyways. Thank you for reading. Wishing you a lovely Sunday. Namaste.
KRAKEN:DOTUSD
by AlanSantana
4