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DOTUSD trade ideas

Polkadot slow mode- in my older analyze i predicted Polkadot bottom around 15.5$ : Here older post : - the problem with common alts is they are naturally following TheKing moves. - if TheKing stays weak then altcoins will just standby and wait for his next move, then some will move harder if BTC pump and weaker if BTC dump. - Polkadot is an heavy project with so much parachains, in the future i see DOT number 3 on CMC next to BTC and ETH. - Many concurents as Solana or Luna made bigger moves than DOT, because they are going very fast, deploying multiples projects at the same time causing multiples bugs on their chains. - Polkadot is safer, they are building slowly but surely ------------------------------------------------------------------ Trading Part ------------------------------------------------------------------ - if u check Weekly MACD in graph u will notice that it made a flat move - Normally we had to turn bullish 3 weeks ago but we stayed weak, could consider that as fight between bulls and bears or a consolidation. - in the worst case a good buying zone is around 13$, i don't see any lower bottom for DOT. - if we are in a consolidation then a buy is possible right now but it's pure gamble, i recommend to wait. - TP are accorded to Fibo and simple : --- TP1 : 30$ --- TP2 : 40$ --- TP3 : 80$ ------------------------------------------------------------------ Stay Safe and Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
5
DOTUSD forming key Bullish Crosses. Start of major rally?Polkadot (DOTUSD) is currently testing both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) as Resistance levels. Even a modest push upwards will be enough to cause a Bullish Cross formation between the two trend-lines. Last time we saw this pattern was on August 30 2021, which was half-way through the last major rally that formed the All Time High (ATH). Interestingly enough, even DOT's first 1D MA50/100 Bullish Cross on December 05 2020 was enough to kick start the massive rally of the early 2021. What is even more interesting is that the MACD Bullish Cross formations on the 1W time-frame perfectly coincide with the 1D MA50/100 Bullish Crosses. Right now the 1W MACD is about to pring that formation the same time the 1D MA50/100 makes the new Bullish Cross. This is strong evidence that DOT is ahead of a major rally. Our first long-term target will be the 50.500 - 55.000 Resistance Zone of the prior All Time Highs. If broken with a 1M candle closing, then we expect the Cycle to peak around the 0.618 Fib of the Channel Up and the 6.0 Fibonacci extension. The reason is that the last two Highs within the Channel took place on the Fib 1.0 and Fib 0.786, so if that's a sequence then every High is one Fib retracement level lower. Also the 5.0 Fib extension (orange) marked both of those highs so if broken, technically the 6.0 Fib ext is next. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITFINEX:DOTUSDLong
by TradingShot
4
DOT - Short it! Here is why 👀- Market is bearish - We are in a short trend - The level is clearly seen - There has been false breakdown - Instrument did breakout but there no acceleration - 5th touch - ATR 40 - Under VWAP What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
BINANCE:DOTUSDShort
by Artem_Dishel