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DOTUSD Perpetual Swap Contract

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DOTUSD.P trade ideas

DOTUSD Can't stop this death spiral unless the 1D MA200 breaks.Polkadot (DOTUSD) has been trading within a Channel Down pattern since the November 08 2021 High. Our previous DOT analysis was on July 16, which hit its target with the help of that pattern: In early November the price broke above it marginally but as it failed to cross the 1D MA200 (orange trend-line), the 1D RSI formed a top (red circle) and caused the price to drop. As you see, this pattern is consistent with both previous Lower Highs, a 1D RSI on these levels forms a top and causes the price to drop aggressively. This 'Death spiral' can only stop with a break above the 1D MA200, which is the Resistance since January 05. Until then, we can expect DOT to make a new Lower Low either on the 0.786 Fib around 5.00 or even lower on the 0.618 Fib (4.50 - 4.00) before the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:DOTUSD
by TradingShot
7
Polkadot - Bullish medium-term scenario - Potential 50% gainsPolkadot forming a long-TF ascending triangle on Daily 2nd bottom & re-test of the ascending triangle seams to be confirmed by: - RSI bottomed and about to breakout (same levels as mid-july 2021 selloff) - Current overall market reaction - 23.6 Fib level acting once again as nice support - MA 100 & 200 seem to re-create a similar pattern as during mid-july 2021 selloff Potential 50% gains until EO Feb 2022. Entry at 19-20$ Stop loss at 17.90$ --> Target 28-31$ Happy Trading!
KRAKEN:DOTUSDLong
by samideluxe
1
Big oportunity,RiskReward 1-5 it deserves a try "If you can't beat the fear, do it scared!" "Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet. "Markets are a device for transferring money from the impatient to the patient. - Warren Buffet "Show me the charts, and I'll tell you the news." - Bernard Baruch "The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become." "If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
BINANCE:DOTUSDShort
by CojocaruMarian
2