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DOTUSD trade ideas

Risk on in DOT DOT has often been viewed as an alt layer 1 solution. Some call it a layer 0, as it is seeking to link unique blockchains into a single collective, cohesive network. For comparisons sake, if viewed as a layer 1, then DOT's market cap as a percentage of ETH has dropped to 4%. So keep risk mgmt monitored closely. DOT benefits from deflationary pressures as more tokens are locked up or bonded with every parachain auction. For clarity in jargon: Parachains are individual networks running in parallel to create a harmonized, interoperable ecosystem. In May, they announced liquid staking to their (POS) network of blockchains, to reward additional revenue by earning extra yield in decentralized finance (DeFi) applications. We recently saw a massive growth in trading volume, however what resulted was a decline in price. This spike was an indicator of bearish sentiment.
COINBASE:DOTUSDLong
by ZenMode
1
Polkadot Next Train- Well i tought Polkadot would surprise us in this dip and stop around 13$, but TheKing is still TheKing and decides for Altcoins over pressuring them. - Finally Polkadot got a support by his Top of 2020 consolidation. - So DOT dipped around 6.2$ but it could have dipped 5$ and still can. No matter. this is only a buy opportunity for the new train. - We won't see again this kind of huge project back to this price again after the next moon shoot. this is the last time to charge a bag. - When u are shivering, Whales are buying. Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
16
Dot.Dot saw a clean 5 wave impulse which started back in August of 2020, the impulse completed in November of 2021. --- since that peak, dot has been correcting in what looks to be a simple zig-zag (labeled as a-b-c). -on june 15th, the correction will have lasted exactly 50% the time it that it took for the impulse to be completed. -there's also a full moon on the 15th of june. -full moons are historically very bullish indications in the market. -dot is forming a triple bullish divergence on the daily time-frame. -currently in a multi-day squeeze. a lot of confluence at $6.73, -midline of bear channel, -100% extension -0.50% in fib time when measuring against the impulsive move. there is a very high area of liquidity just beneath, between $5.78~$5.14. this area could technically be raided with a wick. --- Imminent reversal is expected just after June 15th, Bullish. --- ps. if you have any coins you want me to take a look at, leave them in the comments, or pm me.
BINANCE:DOTUSDLong
by notoriousbids
13
Dot's M-pattern signals 180$ or 1.8$Hello traders and Investors. I deem it fit to give my analysis on Dot since this is one of the strong coins out there. In bear season like this, it is advisable to go for the best coin and not a coin that perishes with dump/distribution period. As shown in my meticulous chart, Dot has fully formed M-pattern with two footings though the second footing is just starting. As presented on the chart, two things are certain and one shall come as final result. Those two scenarios are of the points that Dot may continue this bear period till 1.8$ is reached or stop dropping further to target 180$. As per this analysis, if Dot should aim at mega bullrun, 1800$ is envisaged while 180$ is just a moderate normal bull season. Personally, I am more optimistic and look forward to seeing Dot at 180$ but should anything happen in contrast, 1.8$ is next option. Let see how it goes and feel free to give me your support. Thanks in advance.
BINANCE:DOTUSDLong
by Opportunity2120