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DOTUSD

DOTUSD Analysis 5/11/2021Update from previous idea: DOT has played out exactly as predicted hopefully a few people have seen my analysis yesterday as this price action would be no surprise to anyone. the grey support line held pretty well today until we finally broke below and got a bearish retest before we then quickly broke below our red sloping trend line. I will look for support around my green support lines, worst case in the short term I see $47.25, if we are bullish then a wick to 49.9 is very likely we are looking for a bearish retest of this level or in the best case a break back into the trend and a test as support. sometimes alts like DOT and SOL can be good market indicators I think the price direction is clear here short term bearish and that could be the direction the full market takes.
by ryanc49
DOT/USD November Price TargetsLooking at the 2-day time frame of Polkadot we can see the whole picture from the start of the uptrend at $30.45 to our current price currently testing resistance at $53.53. DOT is in price discovery mode and looks like its going to complete the Fibonacci cycle and reach $76 per coin. It depends on how we close on this 2-day candle, but chances are we’ll pullback a little bit as traders are taking profits, before jumping up towards the next Fibonacci targets. Behind BTC, ETH, DOT is the 3rd most stacked cryptocurrency among institutional investors so its safe to say that they are here and noticing the fundamental underlying-value in Polkadot and its ecosystem. TP1 🎯 $67.82 TP2 🎯 $76.65
Long
by kyer
1
DOTUSD Analysis 4/11/2021Update from previous idea: DOT is AMAZING!!! what a week DOT has had it's been so fun trading this, my previous analysis I had bet on DOT going as low as $41.7 and we actually touched $41, annoyed at that call by me however trading with lower leverage at my entries would have put you in a slight loss before making quite amazing gains! it has just been breaking out, consolidating, breaking out, consolidating and it's been golden to trade managed to catch a 97% profit trade with 10x leverage off of these moves so safe to say I have been enjoying DOT. currently I am watching several levels trying to catch the best entry, first level is the grey line highlighted here. Currently because we are so bullish right now everything is breaking down bar a few, we have held it perfectly, a break of that line I am then looking at a test of this sloping upward support level where we have bounced several times the past week, the last time we got close to it the buying pressure was so strong we didn't get a touch but I still think it is valid breaking that we will see a touch around the $49.9-$49.2 levels and if we can get that low I will be loading up a big trade again, these levels will be crucial especially with it being Friday tomorrow the weekend can see huge volatile wicks clearing out leverage in the market, keep an eye for these levels and hopefully these calls are more accurate than a couple days ago. as for right now, we are in no mans land I am not in a trade I'm gonna let the market pick its direction before I decide my next move or let us at least test the $51 level before my first buy
by ryanc49
$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 - $130. Best thing about holding this for the next six months is staking! An easy 12% can be gained while you wait for it to hit its peak.
KRAKEN:DOTUSDLong
by MoonBag
4
THOT DOT Elliott wave chart CryptokneeUp 340% since entry! Follow the path from the last chart pretty dang good, MO. Some bullish paths im watching out for, looks pretty clean so far. AOI on the chart. IF the wave 5 of 3 as labeled is done, expecting a wave 4 to be put in, wave 5 could still be rolling though. EWO agrees with the count for now. I do have a bearish count on my last shared count I think you should check out. I know its going to potentially be a news heavy month for dot, but I like to be prepared just in case.
by CryptoKnee
odds of reaching The ATH for DOT is High!Hi every one DOT / TETHERUS DOT Is now ranging in a Broadening wedge pattern! this means the Price can range in this pattern Until a Break out happens! So now DOT has touched the bottom of this pattern recently and now we expect the Price to Reach the Top of this pattern from this point. another sign that Gives a chance to this Prediction is that there is a Cross Between MACD & Signal Line! The MACD line has just Crossed the Signal Line Upwardly, This is of course a Good Bullish Sign. If the Bullish Trend would continue for DOT,we can expect to see DOT at It's ATH which is around 48$. Summery: -DOT is in a Broadening wedge pattern. -High chance of reaching the Top of this pattern! -Bullish Cross on MACD! -Odds of reaching the ATH is High! (48$) 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
22