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DOTUSD

DOTUSD needs to break the 1D MA50 asap. More downside if not.Polkadot had a brutal rejection yesterday just below the 1D MA50 (blue trend-line). Being on a corrective wave since the November (All Time) High, the price needs to reclaim that trend-line as failure to so has brought in the past a Lower Low. The obvious comparison is May-June-July 2021. On June 03 the price failed to break above the 1D MA50 and that resulted in two Lower Lows until July 30 when it finally broke above it and started a rally until November. Being on the Channel's Buy Zone (green area), DOT is even now a solid long-term buy though, and also there is a hidden RSI pattern (dashed lines) that shows that we may actually be on a July 26-like rejection and not June 03. We will soon find out but one thing seems for certain, a break above the 1D MA50 is a bullish break-out signal. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:DOTUSD
by TradingShot
2
DOT/USD: Bounce Higher Shakes Off Dust After Mid-Term LowsOn the 20th of December, DOT/USD was near the 23.5000 mark and treading depths not seen since late August. However, in the past week of trading, DOT/USD has climbed higher and produced a solid incremental surge and is now within highs not demonstrated since early December. As of this writing, the price for DOT/USD is close to the 31.6000 level and the price of Polkadot is correlating rather politely to its major counterparts which have seen gains the past week. Before traders decide to jump on the bandwagon based on the belief another surge higher is about to be exhibited by DOT/USD, they should make sure they keep their ambitions in check. The holiday season can produce strong volatility due to volumes being rather light and producing imbalances. This allows big trading positions in which Polkadot is being bought and sold via exchanges and cryptocurrency wallets to effect values quickly. On the 4th of November, DOT/USD was trading near 55.0000 and had punctured highs made in May of 2021 with a strong demonstration of strength. However, since attaining these apex highs almost two months ago, Polkadot has struggled to find renewed buying momentum and it has gradually traversed lower, hitting rather nervous depths only one week ago. While the run upwards the past few days has been impressive and scored large percentage moves for short-term traders, the trend should be viewed cautiously. As DOT/USD continues to bounce along the 31.5000 to 31.6500 level, traders may prove wise to wait to see if the early December values can actually be challenged. Conservative traders who are opening new positions of DOT/USD and want to wait for the next surge of momentum higher to indicate an ability to penetrate resistance levels may want to wait for the 31.9000 level to be penetrated and sustained. Aggressive traders who feel that DOT/USD has ability to climb higher in the short term and want quick trades could look at this resistance as a take profit location. However, traders need to make sure their transaction fees allow them to look for fast trades if they are attempting to scalp pips. Traders who are skeptical of the sudden rise of DOT/USD and want to be sellers may look at the current price realms as overbought. They should use stop loss orders correctly in case their technical analysis doesn’t meet expectations. DOT/USD is in an intriguing trading area and speculators may be attracted to the cryptocurrency if they want to make short-term wagers. Polkadot Short-Term Outlook Current Resistance: 31.9100 Current Support: 30.6700 High Target: 34.2500 Low Target: 28.1100
KRAKEN:DOTUSDLong
by SmoothJB
DOTUSD End of 2021 Price AnalysisLooking at Polkadot (DOT) on the 12-hour time frame, it seems to have bottomed & reversed so i’ve created a valley to help visualize where the price is headed. Polkadot has been in the news quite heavily recently, with all of the institutional money allocated into it behind BTC, ETH as well as the launch of parachains after some five years in development. Parachains are individual networks running in parallel to create a harmonized, interoperable ecosystem. The bottom was along the $23.26 Fibonacci level and from there we bounced back up. At the moment, Polkadot has regained the 1.0 Fibonacci level at $30.40 and is now looking like its going to continue this momentum upwards towards $35.15+. As long as DOT can hold above the 1.0 Fibonacci level, I believe this trend / momentum is valid and we’ll eventually see this valley play out. As always please do your own research, I am not a financial advisor.
Long
by kyer
DOT - the fall could continue, just wait for these scenarios.The support could not hold the price and the DOT broke the key level. This level is now resistance, in case of a retest, there could be a good selling opportunity. Liquidity levels, which could hold the price down, are noted below. False breakout of liquidity levels could be a good buying opportunity. A breakout of the trend line could also be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
3
Polkadot Inverse Head & ShouldersPotential price appreciation is about 42$ x2 measured from the head to the neckline, if price breaks above, we could see Polkadot changing hands around 95$ USD approx. Timeline being used is Daily, so this could happen sometime in Q1 or Q2 of 2022. This is purely TA, and we know that cryptocurrencies does not strictly obey TA, so this is just a possibility. Current price around 31, so a safe 3x play from here for more conservative players. For the record, I am no longer using Binance due to jurisdictional conflicts, but most of my USD pairs are still on BUSD. I don't see the need to change them over for the time being. If you are buying polkadot strictly from a TA perspective, I encourage you to do some fundamental analysis as well, and at least understand the project and the ecosystem based around it. From my perspective, this is a long term hold with a moderate percentage of my portfolio.
D
by JJMa
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COINBASE:AMPUSDLong
by stewdamus
10
DOT Polkadot closed 3 of 5 tasks on the 4h chart...DOT Polkadot closed 3 of 5 tasks on the 4h chart... 1. breakout of the resistances on RSI and OBV (done) 2. flip the MA Ribbon bullish (green) (done) 3. breakout of the red trendline channel (done) 4. break the volume resistance 5. confirm breakout(s) and have fun 😎 But be a little careful... hidden bearish divergence with RSI has to be avoided. Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *not financial advice do your own research before investing
BINANCE:DOTUSDLong
by Crypto4Everybody
2
PolkaDot Ready for $100 Club because Strong Buy Pattern#DOT/USDT Exclusion TA Update:- $DOT finally hit again Strong support as I mentioned in my chart many time. Strong support = $24 Now Chart..? As per chart $DOT is bullish and I am also Accumulating here. I am expecting 150% Profit form support level. Every time Strong bounce back because of Bullish engulfing Pattern. This time also Bullish engulfing Pattern at Strong Support level. Entry:- $24-$28 Target:- $40/$60/$170 Stop Loss:- 23 Don’t forget to Click LIKE button guys.
BINANCE:DOTUSDLong
by CryptoPatel
3