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DOTUSD trade ideas

DOTUSD Fail To Continue After ATH, Reversal Possible Hello traders: Similar like ETH, we can see DOT's price has reach ATH, but did not continue upwards after. Instead, we see a potential double tops, and a Head and Shoulder developing. Good signs of bearish reversal possibility. Wait for the right shoulder to develop, as a bearish continuation correction on the lower time frame, that can be the confirmation to enter if price develops into the right price action. Thank you
KRAKEN:DOTUSDShort
by jojofang0901
24
DOT - It´s so symmetrical!DOT´s chart is so symmetrical that it almost looks fake. The uptrend from July/21 can be divided in 3 almost identical parts with a strong resistance/support level between each one of them. We also have a small head and shoulders (H&S) pattern (blue) that was broken took us from one level to the next one. Now, we´re testing the neckline of a larger H&S pattern (red). Breaking this could be disastrous and take us down to the low 10´s (or not so disastrous if you´re a futures trader and take a short leveraged trade). Since this is also 61.8% pullback from the whole DOT lifecycle, this could be a tough one for bears to crack. The black trendline is key for bulls. I won´t take any trades until support or trendline are broken.
BINANCE:DOTUSD
by Stoic-Trader
Dot can lose half of its valueLike a lot of coins, Dot is not feeling good as well After a run that started in July and ended with a new ATH in first days of November, Dot has started to roll back and now is trading exactly in the horizontal support The price action from September by now can be also viewed as a large H&S and a break under the neck-line could accelerate losses. If the selling pressure in the crypto market continues, I would net be surprised for this coin to drop to 10-12 support zone. Only price back above 32 would put a pause to this bearish scenario.
BITFINEX:DOTUSDShort
by Mihai_Iacob
21
DOT Harmonic Idea ?Looking at DOT and i am seeing a bullish crab on the one hour. Please keep in mind i am still learning harmonics as well as trading. I will look for a buy in the purple area. DCA into the purple if you wish. Buy order is placed at 22.315 with my stop loss below the red area. ( for me personally ) Would look to take profit in the white areas. This most likely will not play out if bitty dumps. Always look for divergences in the purple area as this may signal an entry and trend reversal. ( i dont use ftx i use phemex but trading view does not have a chart for dotperp on phemex.... www.tradingview.com
FTX:DOTPERPLong
by ManifestationManipulation
One of largest Metaverse Projects on PolkaDot: Bit.CountryJust a quick fundamental update on DOT - one of 2022's top Metaverse projects that is in early access mode and has a parachain slot on kusama already is on PolkaDot! The PolkaDot ecocystem is going to grow exponentially in 2022 and it will be led by all sorts of projects from DeFi, to computational data layers, to gaming / metaverse / P2Es and NFTs. This is a longer term bullish catalyst for DOT and its massively growing ecosystem. Bit.Country is already in early access mode and will have some much larger announcements in coming days... typically when there is no news at all and sentiment is low, it's a good idea to accumulate before the major rush of investors come swooning in. bit.country
KRAKEN:DOTUSDLong
by ich1baN
4
DOT Downside Risk (Polkadot)Polkadot is one of those cryptocurrencies that piqued my interest this past bull market. Unfortunately, the online community is already becoming a ghost town, after the project appeared suddenly in the top 10 by market cap. Many cryptocurrencies are breaking down from their bull market uptrends, but DOT is still above. Should the support fall, I think DOT can eventually head back below $10. Depending on what's going on with the project and ecosystem at that point, I may purchase some at those prices. Let's see! On the upside, if it holds the uptrend, DOT can test the top of the channel once more. This is not meant as financial advice - this is meant for speculation and entertainment only. -Victor Cobra
BINANCE:DOTUSDShort
by VictorCobra
12
DOTUSD longIn addition to bitcoin, other assets that generated a significant share of the payments BitPay processed in 2021 included ethereum (ETH), with a 15% stake, and stablecoins, which generated a total of 13%. The increased popularity of stablecoins in crypto payments is partly due to the fact that more businesses have started to use them for cross-border payments. From cryptonews.com The demand for altcoins is increasing, both among large companies and private users. Therefore, we can assume that DOT will push back from support and go up. There are two possibilities: 1. a rebound from support at 25.80 2. a rebound from strong support at 23.90. After this bounce, I will look for buying opportunities for this instrument
BINANCE:DOTUSDLong
by VladVip88