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DOTUSD trade ideas

DOT/USD - SHORTDate: 26/03/2023 Technical Analysis: The market respected a supply/demand zone initially. Price broke the demand zone, which is now acting as supply, and came back to test and closed with a bearish doji. In the Fibonacci retracement of the last down wave, there is a correction at the 0.5% level and a close with a doji candle. In the 1-hour timeframe, there is an engulfing pattern at the 0.5% Fibonacci level, indicating a final correction of the Correction. The market is currently in a clear downtrend. Trade Plan: Take Profit Target 1: The last lower low. Take Profit Target 2: The daily supply/demand zone. Stop Loss: Placed above the last lower made. Risk per trade: 1% of capital. However, it is recommended to wait for a correction to enter with 0.5% risk. Please note that this is a professional and clear trade plan for informational purposes only. It is important to conduct your own research and analysis before making any trading decisions. Additionally, please always remember to manage your risk carefully and never risk more than you can afford to lose.
KRAKEN:DOTUSDShort
by Mahdicryptodotma-pro
DOT PERSONAL ANALYSIS IN THE NEXT 1-3 DAYS The total evaluation for the Polkadot asset is bearish in both long-term and short term time frames. The weekly chart has an obvious arch to the downside but in the hourly chart, you can see a more detailed scenario of where and when you can put a proper short position with confirmation of resistance. The projection can easily go to the downside up to 5.15$ with a MAX weekly downside up to 4.8-5$ -- After that, DOT is a barren wasteland to trade so its better to trade other assets for a better idea on direction and position. Please take in consideration as well the upcoming CPI inflation data report and make sure to take profits appropriately. DO NOT BE GREEDY. ----- If you like the content, please feel free to comment, boost, react, or share. I would appreciate it. Thanks! -Wamses
BITFINEX:DOTUSDShort
by Wamses
3
Weekend update - Polkadot and our alt.(ii)Quite a few traders reached out to me in the last days since I posted our first updates on Polkadot and Vechain. Both coins could gain further momentum in the last days and slightly overshot our wave (i) top estimation. Today we start with Polkadot, and before we dive into the count, I would like to highlight that everybody should carefully read our assumptions about a possible alt.(ii) which can be seen on the chart. We assume that Polkadot established its original wave (i) high back on the 23rd of January at 6.813$. Since then the coin moved in multiple a-b-c waves which as of now point towards an expanded flat correction in which the upcoming wave (c) should deal the most damage. So we expect a very similar movement in most altcoins in the next days, the movements in polkadot and solana resemble an expanded flat. The rules are the same as described in our last article, the price should enter the blue retracement box and from there on should gain bullish momentum again. We provided a more detailed count below, featuring the important alt.(ii). As of now it’s difficult to estimate how long this wave (ii) correction will last and the important question is now – will Polkadot already bottom after the upcoming yellow wave (c)? This scenario would mean that Polkadot will decline in a 5 wave impulse in the next days and therefore would finish the whole wave (ii) correction already. Because of this, we will start to accumulate in this next wave already and won't speculate on a lower wave (c) marked in red. Investors who aren’t familiar with the Elliot wave theory might be overwhelmed with this count, feel free to ask questions below in the comment section or just message us directly – we are happy to help! Please note that we are already invested Polkadot since the 29th of July, back then we announced our first positions here on tradingview. Long Polkadot (DOTUSD) AVERAGE EXECUTION PRICE: 7.33 STOP-LOSS: NONE LONG TERM TARGET: 55$ and more
BITFINEX:DOTUSDLong
by Mendenmein-Capital
12
POLKADOT - BOTTOM IS IN!From looking at POLKADOT on a high timeframe, we can see that Polkadot has completed wave 2 PERFECTLY and the bottom is in. We are now looking to ride wave 3, we made one impulse to the upside and now we are correcting that move. See lower timeframe analysis for the breakdown. Trade idea: - Watch for the completion of the current correction - Enter at the break of wave 2, stops must be below the bottom - Targets: 14, 24, 54, HODL the rest Goodluck and as always, trade safe.
BINANCE:DOTUSD
by WicktatorFX
4
Polkadot: On the Dot ⌚️Polkadot has already made further progress in our primary scenario and should continue the downwards movement. We expect our crypto-friend to arrive in the magenta-colored zone between $6.49 and $6.06 on the dot to finish wave a in green. Then, the altcoin should apply itself to the countermovement of wave b in green, which should lead out of the magenta-colored zone but stop before the resistance at $7.89. Afterwards, Polkadot should take another southwards step by completing wave c in green as well as wave ii in orange. Alternatively, there is a 40% chance that Polkadot could climb above the resistance at $7.89, thus shifting the recent high upwards by developing wave alt.i in orange.
BINANCE:DOTUSD
by MarketIntel
1
DOTUSD Potential for Bullish Continuation| 26th January 2023Looking at the H4 chart, my overall bias for DOTUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. With price tapping into my buy entry at 6.124, where the overlap support and 23.6% Fibonacci line is, we are looking to take profit at 7.415, where the previous swing high is. Stop loss will be placed at 5.704, where the previous overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:DOTUSDLong
by FXCM
DOTUSD Potential for Bullish Continuation| 26th January 2023Looking at the H4 chart, my overall bias for DOTUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. With price tapping into my buy entry at 6.124, where the overlap support and 23.6% Fibonacci line is, we are looking to take profit at 7.415, where the previous swing high is. Stop loss will be placed at 5.704, where the previous overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:DOTUSDLong
by Rockqet