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DOTUSD trade ideas

DOT Daily Stochs Ready For Lift OffWe see multiple factors coming together for DOT after the sell off market wide. Stochastic RSI has found its bottom here on the Daily chart and now pointing up, with RSI pointing up in agreement. The price action and underlying momentum wave are primed to flip approximately $42 price to very strong support. Parachain auctions and WEB3 are just around the corner, just look at EGLD as well. Entries at this point may see good gains in short and long term! O7
BINANCE:DOTUSDLong
by Gus_Gallantry
1
DOT Polkadot could be in a great position for a supbounce scalp For you scalpers out there DOT is at the support area of a long broadening wedge. I really wanna wait for candle confirmation to make the actual trade myself but it looks do-able. SL @ 37.33. The biggest issue right now with all of this is Bitcoin. BTC controls how the rest of the market acts. Right now BTC is falling day by day after getting to ATHs last week. So it needs to be monitored with your trade. When scalping you NEED to always watch Bitcoin and use BTCs momentum in conjunction with your scalp trade. DOT still has an excellent outlook and hopefully we see a bounce here and a rise back up to resistance.
BITFINEX:DOTUSDLong
by ConqueringCrypto
Polkadot Bullish Trend: LongPolkadot has established a clear channel and is currently testing support. Expect reversal with DOT to begin bullish action and enter price discovery as the auctions gain momentum and the Polkadot ecosystem begins to expand. Reference is the Polkadot test network, Kusama ($KSM) to see impact of auctions on price and mCap. Fundamental: Parachain Auction Underway - Phase 1: Auctions #1 thru #5 ** Begin: November 11, 2020 ** End: December 16, 2021 - Phase 2: **Begin: December 23, 2021 **End: March 10, 2022
COINBASE:DOTUSDLong
by UnknownUnicorn20630062
DOT POLKADOT Big Move Incoming! TARGET $600DOT played out a nice rounded top and corrected bouncing off the curved trend line. Its almost done its consolidation/correction and its on to the next big move up to about $600! This one isn't done yet so hold on to your hats. Not financial advice just my opinion. Thank you for checking out my chart, follow me for frequent updates and if you have any charts you would like me to look at please let me know. Happy trading and stay safe my friends!
BINANCE:DOTUSDLong
by Bitgolder
2
MY MINIMALIST CHART ANALYSIS FOR POLKADOT$DOT 11.16.21 2353H +8 PACIFIC ALERT: ENTRY POINTS The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION. JUST DYOR ENTRIES. Watch for Price action/ RSI and STOCH, VOLUME, and FIBS. Set your tight stop loss as any geopolitical, natural/man-made calamities will change the course for our TARGET AREAS OF VALUES. REMINDER: INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you. HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. You can CLICK AND hold THE CHART and PAN or DRAG IT. TARGET ZONE IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY). Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology. Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work. Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share. Vive Le Autist! Vive Le Egalitarianism!
KRAKEN:DOTUSDLong
by The_Crypto_Samurai
PolkadotPolkadot is beginning to weaken, not only in itself, but particularly in comparison to that of Bitcoin. As we've discussed at length here on TW, Bitcoin continues to show some bullish sentiment due to its recent technical breakout in MARA/BTC. As long as this pertains, we'll stick with the majority of our position in Marathon Digital Holdings. 60 percent of my portfolio is currently in Marathon. The remaining 40 percent is spread out in alts. With that said, I might consider reallocating a good chunk of those alts into Marathon as a few of them show emerging weakness, both individually, but even more so when directly compared to Bitcoin. On the Poladot versus Bitcoin chart, the price was once again rejected by the horizontal resistance zone - and this after a minor fakeout. On top of that, the price has recently dropped below the diagonal support as well and is presently trading in a weak spot. And to add fire to the flames, we also have a 3-point RSI divergence on the daily chart. If this bearish internal trend were to continue, it naturally doesn't mean the price of Polkadot may go down. All it means is that Polkadot will then be expected to under perform versus that of Bitcoin. Let's then dig a bit deeper to find more clues of the overall market health condition. If we proceed to look at Polkadot itself (as in compared to the USD), we can firstly detect that it's trading right at the horizontal support zone. On top of that, the RSI looks strong too and for two reasons. Firstly, it has retraced quite much - by almost 20 points to be precise - from a mere and seeming price correction. Secondly, it is still trading within a strong bullish red RSI channel. So far it shows every sign of health. This in combination with the strong horizontal support zone and the thus far strong bull trend gives me no reason whatsoever to be bearish on Polkadot. Quite the opposite! This means that if we put the just-turned-bearish DOT/BTC next to the nicely and bullish-looking DOT/USD we can technically conclude that Polkadot's trend is up, but that it is yet statistically bound to under perform versus that of Bitcoin. This in turn leaves us with the conclusion that Bitcoin is even more bullish. To further add weight to our technical case - as in to further increase the probability of being correct - we will soon proceed to compare more individual alts and their respective strength-relationship to that of Bitcoin. But for now, it's Bitcoin season 1 - altcoin season 0, yet with both looking technically bullish regardless.
POLONIEX:DOTUSDLong
by LongLifeTrading
DOTUSD long-term channel and arcs within channelIt seems impossible given the boring price action on DOT lately.. However, the current dominant arc is telling us a move to $95-120 is happening within the next month. Looking at the longer-term patterns, we can see it has all been happening exactly according to the patterns. That smaller arc had almost perfect touch points all the way, almost too perfect! It was clearly broken to the upside and now we see a retest of that arc. The larger arc in play now had some long wicks on the slide down that vary on different exchanges, so there is some room to extend the right side of the arc out longer, depending how you draw it. Playing around with it, the one here is my favorite. Regardless of how you draw the arc, it is telling us a fast move towards the upper trend line is coming. That upper trend line has just two confirmations, but it matches up with the arc and is the best guide for now given DOT's limited history. There is added risk due to the uncertainty of that upper trend line, so choose your strategy accordingly. Of course, it can break above that line as well, if DOT sees strong adoption when the first parachains go live. $300+ is possible. Also be aware that an eventual return to the long term support trend line is likely, so be sure to take some profits when your personal targets are reached. I'm currently LONG and looking for a strong move up in the next 2 weeks. This would be invalidated if it breaks down back into the smaller arc, or fails to break back above $50 by the end of this month. Long term, I think DOT has a good chance to be a highly used crypto ecosystem and follow an explosive price pattern similar to Ethereum, Binance Chain, Cardano and Solana. Enjoy and good luck.
KRAKEN:DOTUSDLong
by funtimes