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DOTUSD trade ideas

✴️ Polkadot Double To Triple BottomShort-term we have a double bottom. Long-term we have a triple bottom... More or less but the signal is good. Polkadot is showing very strong support around $4.20, we see a bounce a each time this level is activated. The last attempt at this support zone ended in a higher low, alerting us of what's to come. Keeping it simple, because there is no need to do anything else, Polkadot is preparing for a major bullish wave. This is will be the second and last bullish wave of this year, a major event. ✔️ One in Q1 and another one entering Q4 and the year ends... ✔️ Easy target can be seen around $8, it can go higher... Namaste.
CRYPTO:DOTUSDLong
by AlanSantana
6
DOT is Facing Significant ChallengesThe price chart for DOT is currently exhibiting a descending triangle pattern, forming at the conclusion of a downtrend. This pattern is commonly interpreted as a bearish continuation signal. Should DOT breach the support line, which also coincides with the horizontal lower trend line, it could create a scenario where the price falls below $1. At present, the outlook appears quite unfavorable, with the cryptocurrency displaying notable weakness. For a more positive outcome, it's imperative for bullish market participants to intervene and successfully breach the upper falling trend line. By accomplishing this, they can negate the ongoing pattern and avert a potentially substantial price decline.
BINANCE:DOTUSDShort
by Consistent_Trades
Will DOT Price Reach $6.30 With a bullish breakout? DOT price showing bullish cycle in descending triangle pattern. Polkadot price forming morning star pattern in weekly chart. Potential triangle breakout could lead to DOT price reaching $7.55. Recent correction to $4.29 becomes multi-contact support level. Positive cycle within triangle pattern, aiming to challenge 50-day EMA. Altcoins hinting at bounce back, DOT price up 2.45% overnight. DOT price currently at $4.61 with Doji formation. Potential for green candle with increased buying pressure. Second morning star pattern forming at $4.29 in 1-week chart. Bullish divergence on weekly RSI at $4.29 base. DOT price may rise to resistance trendline, needs to exceed $5 mark. Breakout rally could push DOT price to $6.30. Reversal within triangle may retest support at $4.29.
BINANCE:DOTUSDLong
by Coinpedia-Market-Insight
Will DOT Price Reverse To Break $0.10? DOT price drops to $4.29, signaling a negative cycle. Bullish reversal hinted within a descending triangle. Potential breakout could skyrocket DOT to $7.55. Solid use case and upcoming USD Coin on Polkadot hints at a bullish future. Strong support at $4.29 could be the launch pad for a bullish rebound. Bullish divergence spotted on daily RSI. Overhead resistance challenge near $5; optimistic breakout to $6.30. Bearish scenario could push DOT to $2.27.
BINANCE:DOTUSDLong
by Coinpedia-Market-Insight
DOTUSD: want me some hotdotsI have wanted to accumulate some DOT for a while adding to my portfolio of layer 1 bags but for some reason other names have always been at a more attractive price point and Dot always seems to make a lower high. So, I have always backed out of buyin. Dot has bounced off of last low (didn't make a lower low by fraction of pennies) but most likely won't hold it. According to my Elliott wave count, now would be a good time got get some. If price falls into the rectangle box area, I will add 1 or 2% of my portfolio to Dot and stop loss will be at ATL, so pretty good risk/reward. If price starts to move upwards, then $5.7 lower high area will the spot to watch. I will get some at a higher price if there is a new uptrend. I like how this project enables defi but the current regulatory landscape might be working against it. At any rate, I think it is a good project and I want to hold some for long term.
BITFINEX:DOTUSD
by mukit1
1D: $DOT; AMAZING VALUE- PatienceMIL:DOT If this isn't value i dont know what is. Retracing nearly ..... 100%!! as it just sleeps and sleeps until one day, DOT has RISEN. These plays are what makes your life change IF one can wait. If there is new people here, trust me when I say this..... DON'T be scared and FOOLED by the masses. They wan't you to think and somber about how crypto is dead and will never come back. Those same people are the ones massing mega bags at the darkest depths of the market. Don't let FEAR and MANIPULATION take over your mind. We know what market's do and what history shows us. Look LEFT! Do you see a common theme? Been there before and we rise once again! weeeeeeeeeeeeeeee
BINANCE:DOTUSDLong
by BShellhammer
5
DOT price coming back to $4.30DOT price action forms a triangle pattern in the weekly chart. DOT price trend shows a negative cycle starting in the triangle, ready to break below the $5 support zone. The bear cycle will test the $4.30 bottom support accounting for a 15% drop. However, the uptrending RSI line depicts a divergence in the DOT price trend, predicting a bullish reversal from $4.30. Also, it increases the chances of an early reversal leading to an upside breakout. The bullish breakout can rechallenge the overhead supply at $5.65.
BINANCE:DOTUSDShort
by Coinpedia-Market-Insight
✴️ Polkadot 6X Lev. Full Numbers | 972% Potential (Adults Only) While it is extremely easy to share a million charts with a million letters and numbers and call it "Elliot Wave", even though the counts vary a hundred times in a single week, its not easy at all to share real trade signals, with numbers, because the numbers makes it clear, you either lose or win. It is not easy if you are attached to the outcome, if you don't know what you are doing, if you believe, think, that you must "get it right" or have to avoid "getting it wrong"... With that type of mindset it is not easy. But it can be 100% easy to do when you are an adult. You just need to remind them! Do you play this game? Do you know how it works? Trading inherently carries risk, the market conditions can change without notice, a good setup today, tomorrow can turn into a bad one. Even worse when we are talking about a leverage trade, if you make a mistake you can lose a big portion of your position and liquidation can take everything away. Keep this in mind and see what I have to share with you today. This is my latest lev. trade for Polkadot. Full numbers. Trade at your own risk. This is not financial advice. 
========= LONG DOTUSDT Leverage: 6X Buy-in: $5.065 - $5.300 Targets: 1) $6.350 2) $6.900 3) $7.650 4) $9.100 5) $10.42 6) $11.51 7) $13.82 Stop-loss: Close daily below $4.975 Potential profits: 972% Capital allocation: 3% ========= Thanks a lot for your amazing and continued support. We've been doing great with this trades but this doesn't mean that this will always be the case. If you can't take a loss, trading is not for you, losing is as much part of this game as it is winning... In fact, you might be looking at more losses than win for a long-time, before you can become successful. If you know how to take a loss, you can learn from your mistakes and grow. With this experience we improve and with time success comes. Ok that's a lot of words for a trade... But I am truly hoping that you are being entertained. Namaste.
CRYPTO:DOTUSDLong
by AlanSantana
24
✴️ Polkadot Gets Closer To Bullish Explosion (90%+ Target MappedThe Altcoins that we are seeing produce massive breakouts all have this same pattern, the same price action we see on the DOTUSD (Polkadot) chart. It can be simplified as a higher low in June 2023 vs December 2022, sometimes a double bottom or lower low. Simply a wave followed by a strong correction and now we are entering a new bullish wave phase. Here DOTUSD can be seen trading above EMA50 daily, which opens the medium term growth potential with a 90% easy target. Notice how moving above this level back in January leads to fast, strong growth, weeks of sustained growth. This is what we are looking at now. Things can change and that's why we have a tight stop-loss represented here by the blue dashed line. Hundreds of Altcoins already confirmed this pattern but now the small cap. Alts are moving first, then the Bitcoin and the bigger ones. Namaste.
CRYPTO:DOTUSDLong
by AlanSantana
Polkadot Targets For 2024-2025ETHEREUM CLASSIC COMPARISON Ethereum Classic is a coin from around august 2016. It had its first bull run in 2017/2018. It had its second and most powerful bullrun in 2021, when it made an approximately 53x from its (double) bottom. Coins that were "new" during one bull cycle often perform best in their second, more mature bull cycle. What can be observed with ETC, can also be observed with LTC, ADA, and plenty of other coins that had a first good bull cycle, but an even more impressive 2nd. After the 2nd cycle, the returns tend to diminish because of saturation, large amount of bagholders, and a larger marketcap. POLKADOT Polkadot is coincidentally a coin from around august 2020. It launched just in time to participate in the 2021 bull cycle. According to some, it under-performed compared to other cryptocurrencies. As of July 2023, we can observe a double bottom pattern on the weekly BINANCE:DOTUSD chart, with the 50 weekly MA also flattening out, which is a positive sign for bulls as it shows a weakening bearish trend. Polkadot's BTC ( BINANCE:DOTBTC ) pair is also extremely oversold on the weekly chart. PRICE TARGETS Looking at COINBASE:ETCUSD , we can see that Ethereum Classic had a blow-off top to the 3.618 fib level in may 2021, reaching a price of over $165 dollars, or a 53x from its bear market lows. If Polkadot were to perform similarly, it could potentially reach a price of $193, corresponding with its 3.618 FIB level. A 53x from its bottom would give us an approx. price of $220 per DOT sometime in 2024 or 2025. PRELIMINARY TARGETS FOR DOT Polkadot does not have extensive price history like bitcoin or ethereum classic. One of the most important indicators to watch is its 50 day weekly moving average, which currently sits at around $6.14. This price correlates with important horizontal S/R levels. If DOT manages to break past this level, which it currently is not far removed from, then we can expect a rapid appreciation of price. Targets to watch after breaching this level would be between $14 and $23. WEN ATH? I believe Polkadot's new ATH will coincide with that of the broader cryptocurrency markets. I believe Bitcoin will reach a new ATH between april 2024 and january 2025, so I expect DOT to reach a new USD-ATH within this same timeframe. POLKADOT IS SAFU Polkadot was one of few major PoS (Proof-of-Stake) cryptocurrencies not in the SEC's filings against Binance and Coinbase. This has to do with Polkadot/Web3 Foundation having successfully morphed Polkadot to become software, rather than a security. What sets Polkadot apart from other coins/projects such as ADA, Cosmos, etc. is that Polkadot was actually originally registered as a security. The teams behind the decentralized Polkadot project are doing everything according to US securities law. This could prove to be beneficial from Polkadot during the upcoming bull cycle. POLKADOT IS THE MOST ACTIVELY DEVELOPED BLOCKCHAIN Polkadot is one of the most actively developed blockchain, rivaling Ethereum and Cardano. Polkadot is an ecosystem and the people behind it are extremely talented and passionate and focus more on building rather than worrying about the token's price. Gavin Wood, the creator of Polkadot, is also one of the co-founders of Ethereum. The Web3 foundation is behind Polkadot – in fact, Polkadot is their flagship protocol.
BINANCE:DOTUSDLong
by couldntcomeupwithone
4