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Polkadotusd

Short Idea for Polkadot (DOT)Polkadot (DOT) broke down from a toppish broadening wedge last May 20, along with the rest of the cryptomarket. USD 28 which had served as support since February, was swiftly taken out by the bears. There's now 3 months worth of volume at the top weighing down on DOT. Since the breakdown, the market has consolidated into a symmetrical triangle. Given that this is usually a continuation pattern, we're leaning on the downside. A break of this triangle would drive prices down to next major support, a decent opportunity to make profit. A clean break from this triangle at 18USD could push prices down to USD10 zone. There are a couple of ways to play it: 1) Short a Quarterly Futures Contract. If you're willing to wait longer, you could short from within the triangle and close the position close to target. We're currently at the bottom of the triangle and waiting for higher prices such as USD 23/24 would improve our risk to reward ratio. Stop loss would be at USD26. This type of futures contract also saves you from funding costs on Binance. 2) Short a Perpetual Contract. If you're the type to wait for confirmation, a clean break at USD18 would be good opportunity to short with leverage. 3) If you're not into shorting, you can place a buy order near USD10. Support levels provide a good bounce opportunity.
Short
by Jaime_Zulueta
5
DOT, Polkadot - a great setup for long💥Price has a resistance line of 24,57. The line was touched 6 times on 1h timeframe. I think it's a good entry point after breakout and retest. ONLY WITH STOP-LOSS NEAR TO KEY LEVEL!!! And don't forget about risk management. It's crypto market. Everything can happen. Write in the comments all your questions and instrument 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
by Yuriy_Bishko
9
Polkadot The Beginning After The Endif you think this little Shakeout will disturb Polkadot future, you are wrong. Time is everything and Fibo never lie. i want give to new comers in Cryptos an optimistic view, this Shakeout was hard for new peoples, but just normal for crypto veterans, we are just at the Beginning of this bullrun.. 90% of altcoins not even broken their 2017 ATH..we still have time and toons of opportunities. i won't speak about Polkadot FA ( Fundamental Analysis ) but i can tell you that DOT can only go up because of his Parachains Slot System. Here a very preservative forecast : ---------------------------------------------------------------- Trading Parts ( Long Term ) : - TP1 : 70$ - TP2 : 100$ --------------------------------------------------------------- Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
14
#DOT polkaDOT Bullish wedge, road to 60$ in the worst time ever.Next week there will be the polkaDot conference, which could spark a rally on the DOT token. Unfortunately, it's the worst timing ever to play this trade since both bitcoin and ethereum are beginning a correction. So risky trade, best idea is to plan several entries in case the market as whole takes a dump. If market doesnt crash, the road is clear for 60$. This trade idea may take several days to develop. See chart for key levels.
Long
by Ankel-ssj
DOT ready to explode to $100DOT/USDT looks very bullish on the daily timeframe as it looks to breakout from a 3 month long consolidation zone spanning all the way back to February. My targets for taking profits are highlighted on the chart and are situated at the following respective fib levels: TP 1 at the 1.618 fib ($61) TP 2 at the 2.618 fib ($82) TP 3 at our final target just below the 3.618 fib ($100) The % profits you take at each level is entirely up to you, however I will personally be looking to close between 25-33% of my long position at each TP target. SL (Stop Loss) will be adjusted accordingly as targets are hit. I expect this trade to starting play out over the coming few weeks and hit the mentioned targets over the next few months leading us towards the end of August. Please note, caution should be exercised if BTC closes a weekly candle below the 21 EMA , which would indicate a shift in trend from bullish to bearish for the short-med term. In this scenario alt coins would most likely dump alongside BTC. In the event the aforementioned scenario plays out, I would advise to close this trade and look for lower re-entry to DCA your position. Be sure to follow me here on TradingView if you want to receive future updates and SL adjustments for this trade and many more. Disclaimer: This is only my opinion and should not act as financial advice, always DYOR (Do your own research).
Long
by TheBitcoin
3
DOTUSDT (Polkadot) – Week 18 – Going up?This pair made a pullback move from the top of 48.32 USDT to 26.62 USDT in the middle of April. Now it started an up move that seems to consolidate its way to new higher prices. If the price breaks the minor resistance marked on the chart with a sharp move, we can expect Polkadot to go into new highs territory. However, a deeper pullback to the blue trendline or the support remains possible. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
24
DOT - 12h. Global correction and new upward momentumThe buyers were not strong enough for only $ 1.5 to test the mark of $49.7. This mark was the target of our previous DOT idea: Buyers managed to break the triangle up, which significantly raised the mood of investors. The new all-time high has been updated and nothing should have stopped the DOT price. However, on April 17, in just 24 hours, sellers managed to lower the DOTUSDT price by 30% . This situation made us take a fresh look at the DOT chart. First of all, we once again reaffirmed the importance of the range of $38-39 . If you look at the hourly timeframe , you can see that the increased trading volumes in the DOT market began only after the price met the range of $38-39: After breaking through this range, the price began to fall faster. And after an unsuccessful attempt by buyers to return this range on low volumes , the DOTUSD price updated its local minimum. Therefore, for a conservative entry into a DOT position, you need to wait for the price to consolidate above the range $38-39. Our second observation is the global consolidation channel in which the DOT price moves from February 20: The movement in the white channel is very similar to a simple correction after a powerful upward impulse. The key range for this consolidation is $30.5-31.5. Throughout the month, buyers carefully protect this price area. On March 24, sellers tried to break through this price zone using medium volumes . The attempt was unsuccessful. Now sellers are trying to conquer the range of $30.5-31.5 again. However, as we can see from the volumes, sellers spending more effort cannot update the local minimum of March 24. This fact tells us that sellers' exhaustion reaches the end and ahead of the DOT market. A new upward impulse awaits. However, this is a completely different story) At the moment, we expect the continuation of the Polkadot price movement in this consolidation channel and a test of the mark of $50. If you are interested in seeing a global DOT idea - write about it in the comments! _____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
30