DOTUSD trade ideas
More price discovery for DOTHad a bunch of asks for DOT.. thought I would share my view.
Support zone being tested, so maybe a pop to new highs
Fibo
DOT Where to Next?This is where I see DOT next few days.
PT $56, $60, $62
Watch DOT.D for guidance on areas to peak, cash out and jump back in.
Good Luck
DOT ThoughtsWould love to get some feedback on how I'm analyzing this. Based on how I'm looking at DOT it should be at around $48/coin on the 24th of October '21 peaking out on the 21st of October '21 at around $52/coin.
Feels like a pretty basic analysis, but is there some merit to this approach? Am I missing some baked in models that make this type of analysis easier? Appreciate any feedback!
DOT could be getting ready for the next upside move!BINANCE:DOTUSD has broken out of the range and is trading near all time highs. It could potentially do a pullback to the support level (around 48 in 45/50 range) and if that holds then it should resume the uptrend. Keep an eye for a breakout above the recent high made at 56.22
Bullish DOT retraces to $52.6 as trading volume goes down by 16%The Polkadot price analysis shows the coin is correcting today as it has retraced back to $52.6. Overall, DOT/USD is bullish as it continues to discover new heights every day, but today’s price function is on the bearish side. Yesterday’s price function was also bearish for the first half of the session, but the bulls regained control and took Polkadot to a new record high. Today again the price is sliding down till now.
Dot Bull flagJust checking out this bullflag from DOT. Hopefully this will come true :) hahahah but maybe not :)
Polkadot (DOT) next move. Very Similar to SOL of course. In this case, I am expecting a fill of the inefficiency on price. If it goes below the red line I am expecting it to drop a bit further down.Polkadot might explode very high.
I might be wrong. This is not financial advice.
polkadot possible C&H ???After some strong momentum, it looks like polkadot has formed a possible C&H pattern on the daily. not sure ....
If this C&H is valid, assuming that q4 is THE most bullish Q of the year, then we can prob see a potential 80% move to the upside. Target should be around $ 58,***.
$DOT accumulate, stake then wait for $100 PolkadotNow is the time to start buying $DOT. We could see a further pullback down to support between $8-$10 USD. However it is holding its channel nicely. For that reason waiting for a dip down to the those levels could be risky. A good DCA strategy will position you well for the next move up towards the top of its channel. Fib extensions take us all the way to $230, on the conservative end we are looking at $100 - $130.
Best thing about holding this for the next six months is staking! An easy 12% can be gained while you wait for it to hit its peak.
#DOTUSD bull run targets1. target 55$ (within 1 week)
2. target 65$ (within 2021)
3. target 83$ (early of march 2022)
DOT right directionDOT is hitting new price levels and continues on its way to the next ones, the trend looks healthy and strong, but this is the cryptocurrency market and there is always a risk of abrupt behavior (always keep this in mind)
DOT/USDT Ready for $65 in short term ?#DOTUSDT LTF Chart:
$DOT Already 150% up from our 1st entry.
Now..?
$52 is good support if hold then we can see $65 Next stop.
Otherwise $49 will be Good entry at support 2.
DOT Cup & Handle Confirmed $220 to $400 Target Theres multiple cryptos that are playing out a nice cup and handle pattern. DOT is another one of them. The measured move would bring it to about $220 with a possible blowoff top of $400-$500 depending on what big boss Bitcoin does. Good Luck to you all, let me know what you think and follow me for updates. This is not financial advice, just my opinion. Thank You
DOT Short Term TradeThe Price has been trying to break the decreasing trendline many times now and now it has succeeded with a very bullish candle. A retest has taken place and now it's the good time to enter long and aim for 53$. Gd luck (NFA)
MY DOT SHORT POSITION!I think DOT might pull back a little bit to 48$... Lets see how this trade goes entry is 52.7$ take profit 49.1$ stop loss is 53.8$
Hodl Polkadot! With positive news and technical analysis on $polkadot bullish is the only way.
Breaking down trendline and pattern breakout.
DOT/USD to break above $50 nextPolkadot price analysis is bearish today, as the market has approached significant resistance at $46 after a strong rally earlier in the day. As a result, we anticipate DOT/USD to decline and establish another higher low.
A parabolic extension is drawn to indicate how far momentum may have carried DOT/USD during the impulsive wave. A secondary channel is drawn to indicate how the market could range before breaking lower.
PolkadotPolkadot time to shine! I have a strong feeling that things will happen here in the comming months:)
DOTPerp - Longterm Idea (beginners thoughts) - Crypto Market 21The Essentials:
We are in a strong uptrend since low in July. Making higher highs and higher lows. Trading above the 200SMMA.
Since August the 21SMMa crossed the 50SMMA and is increasing the gap continuously. Trendline is strong support.
After consolidating in the second half of October, DOT reached an ATH on 01/11 ($51.6)!
However the RSI is 3 points points lower during the ATH than the most recent high of 46.4 ---> which could signal a trend reversal, a RETRACEMENT before it goes parabolic (200+ ??).
To confirm this retracement, I connected the swing-low end of September with the swing-high (ATH).
This swing-low initiated the most recent uptrend, breaking through MAJOR resistances from earlier 2021 and mid September!
It also bounced off the 50SMMA after retesting it as support twice.
The Ideas:
Prediction 1: the price drops to $45 (previous resistance, now support) due to crypto market in general moving up and BTC expected to rally in November. Bounces off from there to new ATH. This would have support from the trend line, which is accurate as support since end of September.
Prediction 2: the price drops to $38. The major resistance from early 2021 and mid- September. This would mean a FIB retracement to the 50 level. If confirmed, a good entry to buy long at around $39-$40 level.
Prediction 3: the 50SMMA continues to be the support as it was end of September. If the price drops, the 50SMMA should be a confluence to the golden ratio of .618 on the FIB chart. Strong confirmation if it does! Best possible scenario to re-enter DOT at $35.9-$36.6 levels.
Thanks for reading and please let me know your thoughts/ideas.
HAL
DOT could take a Breather Above $46 Hitting New ATH
The Polkadot price has risen 14% over the last 24 hours as DOT hit a new all-time high at $50.87.
The Polkadot network moves toward increased functionality as parachains loom.
The Polkadot price rallied approximately 24% on Monday to register a new record high at $50.87, rising above the $49.35 May record high.
Increasing functionality of the Polkadot blockchain network provides the hind wind propelling the DOT bullish run.
Parity technologies, the company behind Polkadot announced that “parachains” were coming to the network on October 13. Parachains (parallel blockchains) refer to full blockchains that will be incorporated into the Polkadot blockchain network to aid in validating and securing transactions. Polkadot's aim is to increase the interoperability of blockchain networks hence becoming the blockchain for blockchains. This will make the Polkadot network a layer-zero protocol.
After the announcement, the demand for Polkadot increased as both the DOT price and trading volumes skyrocketed. However, prior to yesterday, the price was held in a tight price range between $40 and $45.
Polkadot Price Rallies 14% To Set New Record High s
DOT price bounced off the demand zone (green band) at $40.56 at the end of the weekend as illustrated by the long lower wick on Sunday’s candlestick. This is an indication that investors were getting in on the dips.
This bolstered the DOT bulls on Monday who have pushed the Polkadot price 14% upwards over the last 24 hours. A rally that saw the asset hit a new record high at $50.87.
The bears, however, are determined to pull the DOT price down. If Polkadot turns down from the current price around $48.56 it will find support at the $46.30 level.
Therefore, expect DOT to take a breather at the end of the supply zone at $46.30 after which a resumption of the upward movement to new record highs above $50 will be the next logical move.
On the downside, a slip below the $46.30 level could see the Polkadot price drop to tag the 50-day SMA at $36.76.
