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DOTUSD

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.
BINANCE:DOTUSDLong
by CoinGape
DOT ( PolkaDot ) $50 Milestone completed and Ready to $100#DOT/USDT profit update:- $DOT crossed $50 milestone. Currently 58% up without leverage. Hope you happy with $DOT profit. Now..? $DOT journey just began. Only 100% away from $100 and my Target. Now $45 is strong support ( Strong resistance became strong support) Support:- $45/37 Resistance:- To the Moon Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you…
Long
by CryptoPatel
3
DOT, 60, 100 or 180❓❓❓I have un-stake my DOTs and ready for TP, The end of this bull cycle is near.. December or maybe January. PolkaDot is one of my favorite coins, I believe it has very strong fundamental back-up and it will be an important part of crypto future. The TA is simple by combining some different Fibonacci in normal and logarithmic chart I came to this analysis, that you can see on the chart. Don't forget to hit the like button if you like this analysis and feel free to ask me your questions or your ideas in comment section ;)
Long
by ArshiaZojaji
6
DOT resistance touched and now ? DOT finally got to his resistance area at 48$ and therefore as completed 1st target. Now of course i wouldn't recommend buying here as the resistance could reject the price. I see 2 possible plans : 1 : Prices break and close in Daily above the resistance area (above 51$) and we would look at pullback between 48$ to 51$ to enter long. 2 : Prices get rejected and go find support at 45$ level, which could act as support before a break of the main resistance. If i would be already long i would take some profit there and wait for lower prices to enter long again. I don't have a clear view so i would be waiting for option 1 or 2 to happen before acting.
BINANCE:DOTUSDLong
by Heatrading
✅DOTUSDT - We call this Surge, Hit our 2nd TP in 3 hrsBYBIT:DOTUSDT - Congrats for those following this strategy! - As usual, do not forget to take profit at 2nd TP we set, you can hold the rest until TP3. Just take it anytime you satisfy. - Also, I set a new SL $44.825 for you to protect your unrealized profit. Have a good day!. - If you like this analysis, smash the like button and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
DOTUSDT Analysis (Long term) 1D trend chart - We have a breakout from $41 resistance. The long term trend shows that new resistance will create at $49. If it broke outs which a continues uptrend is showing that it will broke out, it will fly to $56 to $70 - Profit Targets: a) 55.83----Fib(1.168) b) 62.94----Fib(2) - Stop Loss: 41 --- Fib(.786) I provide 2 SL, depended on the risk you can take! - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. God Speed!
by ibrahimwasim240
DOTUSDT - Entry Timing?BYBIT:DOTUSDT 1H trend chart - DOT has built a double bottom pattern. Now it just broke the neckline in 1H chart. If price can be keeping here w/o wicks top, trading strategy as below. - Profit Targets: a) 46.035----Fib(1) b) 46.7~47.415----Fib(1.272~1.382) c) 60.445----Fib(2 Stop losses: a) 41.050-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1
DOTUSD Analysis 30/10/2021Update from previous analysis: Last time I spoke about Dot I did say I favoured the downside short term and also commented on my buy positions being from $41 down to $39.4, I didn't quite call the exact bottom but I was within 1% of it and all of my buys did get hit which resulted in a scary (for 2 seconds) but very profitable trade. Right now and for the past couple days DOT has been too risky for me, the market has been so volatile and I am glad I haven't FOMO'd in yet. we are currently finding support at my green line here as I am writing this but it is being tested a lot I actually favour a break to the downside and this is where I will be making my next long move. I have taken a fib from the top to the bottom to look for bearish retracement targets, first target for a small entry would be the $42 level then a strong support is at the 41.70 being my trend line which has held lovely throughout, we have not seen a candle close below this trend line in weeks, also you can see the golden pocket (0.618) fib is exactly at the 41.70 level so I am hoping that will be enough to not allow a candle close below this level.
by ryanc49