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DOTUSD trade ideas

DOT continues to retrace at $51 as trading volume dipped by 33%The Polkadot price analysis reveals that the coin is in a bearish grip today again after going through loss yesterday, following an all-time high. The DOT’s ATH journey was quite interesting as the coin kept covering upwards range continuously for four days, as the bullish momentum was healthy enough and the DOT started retracing when declined at $54 on 4th November. Polkadot is still maintaining above the $50 psychological mark, the coin is on a downtrend for the second day now, but many veterans are speculating for more upside in the coming days.
KRAKEN:DOTUSD
by BernardMikhail1
Bullish DOT retraces to $52.6 as trading volume goes down by 16%The Polkadot price analysis shows the coin is correcting today as it has retraced back to $52.6. Overall, DOT/USD is bullish as it continues to discover new heights every day, but today’s price function is on the bearish side. Yesterday’s price function was also bearish for the first half of the session, but the bulls regained control and took Polkadot to a new record high. Today again the price is sliding down till now.
BITFINEX:DOTUSDShort
by BernardMikhail1
1
$DOT accumulate, stake then wait for $100 PolkadotNow is the time to start buying $DOT. We could see a further pullback down to support between $8-$10 USD. However it is holding its channel nicely. For that reason waiting for a dip down to the those levels could be risky. A good DCA strategy will position you well for the next move up towards the top of its channel. Fib extensions take us all the way to $230, on the conservative end we are looking at $100 - $130. Best thing about holding this for the next six months is staking! An easy 12% can be gained while you wait for it to hit its peak.
KRAKEN:DOTUSDLong
by MoonBag
4
DOTPerp - Longterm Idea (beginners thoughts) - Crypto Market 21The Essentials: We are in a strong uptrend since low in July. Making higher highs and higher lows. Trading above the 200SMMA. Since August the 21SMMa crossed the 50SMMA and is increasing the gap continuously. Trendline is strong support. After consolidating in the second half of October, DOT reached an ATH on 01/11 ($51.6)! However the RSI is 3 points points lower during the ATH than the most recent high of 46.4 ---> which could signal a trend reversal, a RETRACEMENT before it goes parabolic (200+ ??). To confirm this retracement, I connected the swing-low end of September with the swing-high (ATH). This swing-low initiated the most recent uptrend, breaking through MAJOR resistances from earlier 2021 and mid September! It also bounced off the 50SMMA after retesting it as support twice. The Ideas: Prediction 1: the price drops to $45 (previous resistance, now support) due to crypto market in general moving up and BTC expected to rally in November. Bounces off from there to new ATH. This would have support from the trend line, which is accurate as support since end of September. Prediction 2: the price drops to $38. The major resistance from early 2021 and mid- September. This would mean a FIB retracement to the 50 level. If confirmed, a good entry to buy long at around $39-$40 level. Prediction 3: the 50SMMA continues to be the support as it was end of September. If the price drops, the 50SMMA should be a confluence to the golden ratio of .618 on the FIB chart. Strong confirmation if it does! Best possible scenario to re-enter DOT at $35.9-$36.6 levels. Thanks for reading and please let me know your thoughts/ideas. HAL
FTX:DOTPERPLong
by HAL88