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DOTUSD

DOTUSD Potential for Bullish Rise | 28th July 2022On the H4, with price breaking the descending channel, and showing a bullish flag pattern, we have a bullish bias that price might rise from our buy entry at 7.52, which is in line with pullback resistance to the take profit at 8.46, which is in line with overlap resistance. Alternatively, price may drop to our stop loss at 6.55, which is in line with the swing low support. 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.
BINANCE:DOTUSDLong
by Rockqet
Polkadot (DOT) - July 25Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) It is important to be able to rise above the 9.26-10.13 section. To do that, you need to make sure you can climb above the 7.16-7.74 section. (1D chart) Primary resistance: 8.49 Secondary resistance: 9.26-10.13 1st support: 6.60 2nd support: 5.19-5.67 We need to see if we can break above the 60 SMA line. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
2
Polkadot - Bullish Divergence still in play Polkadot has a similar story to many alts and arguably Bitcoin itself. It had a decent Bullish divergence confirmation on July 13th, but has had a weak bounce since at only 34% to the high at $8.00 but if we can hold this area of support/demand in green at just over $7 then I think we could see this bullish divergence push higher toward $10-11.00 Below $7 I see us testing the lower green demand zone at around $6.50 and below that, well, we will see new lows imo. Definitely need to hold the first green area to remain bullish in the short term, otherwise it looks weak and frail for another leg down. Not a terrible time to begin accumulating if you're interested in this project long term. Remember, DOTS high was $54 USD which is a measly 650%, just depends if you see it breaking that high in the future. Again, accumulating over time because it could easily see $4-5 in the near future where you want some capital set aside to take advantage of when it bottoms out, if you believe in it imo. V
by cryptovatsik
DOTUSDT 12h Possible scenario movement for Polkadot priceToday we will analyze the local situation on the DOTUSDT price schedule. But to begin with, we recommend that you familiarize yourself with our global idea of ​​DOTUSD on a 3-day timeframe. At the final price squeeze, sellers managed to spill the price below $6.36 to $6.02. However, buyers sharply bought the decline and closed the trading day at $6.46, after which the growth continued. If we compare the price rebound of DOT with other altcoins, we can say that it is average in terms of values, maybe even weaker than the average statistical rebound. However, if you believe in the prospects of the Polkadot project and ecosystem, but did not have time to buy it at the bottom, then fate may give you a second chance. Buying in the area $6.65-7.00 And further growth is possible according to the following route: $7.00 - $9.00 - $7.50 - $10.00 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
39
PolkaDot DOT - On a massive weekly support! 0.618 FIB + Channel PolkaDot was a very strong altcoin in 2020-2021 as you can see on the historical chart and we can cleary spot an impulse wave here. The coin in 2022 fell to the strongest support (0.618 FIB + Wave 1 horizontal support + POC + ABC correction). If you like fundamentals of this coin, this is definitely a good time to buy, because we have a strong confluence. The missing part is the descending parallel channel, because the price is still inside the channel, but we have had a nice touch on the bottom. After an impulse wave - ABC correction is expected and in this case, the ABC correction has been sucessfullly completed with an ending diagonal pattern. If want to make a short term trade, you can place your profit target at the top of the channel, otherwise next stop is below previous all time high. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
17
DOTUSD 8.80 short-term targetPolkadot (DOTUSD) has been trading within a clear Channel Down on the log scale ever since its last market top in November 2021. The price has been unable to break above the 1D MA50 (blue trend-line) since April 21. The recent Bullish Divergence on the 1D RSI though (being on Higher Lows against the price's Lower Lows) may be a first indication of an upcoming rebound at least on the short-term. In fact the price action since mid-June is similar to that of February - March. The rebound on that sequence was to the 0.618 Fibonacci retracement level, which on the current pattern is a little over $8.80. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:DOTUSDLong
by TradingShot
4
DOTUSDT 3D Medium-term trade with P/L = 10/1Today we will look at the global chart of the DOTUSDT trading pair on a 3-day time frame. The last global idea on DOTUSDT we published 8 months ago, then the downward trend began, which continues to this day. At that time, DOT buyers were very determined to continue the growth, because on 11.11.2021, the first parachains in the Polkadot ecosystem were to be launched. But the situation on the Dotusd chart that we saw suggested that the price will soon begin to decrease, from $50 at least to the $14-18 zone. Of course, we were criticized then in the comments under the idea, that we do not understand what we are writing, only growth and nothing more wrote users TW... But what do we see now? The DOT price is 2 times lower than our pessimistic forecast from the previous idea. Now DOT buyers are trying not to let the DOTUSDT price fall below the liquidity level of $6.50 Not bad conditions to try a medium-term trade for a small part of the deposit: Entrance $6.50-6.70 Stop $6.365 (-5%) Take $9.95 (+48.5%) The profit/loss ratio is 10/1 Below $6.36, it is most likely not worth holding DOT, because then fall can continue to $5-5.20 area _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
37
Polkadot (DOT) - July 11Hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DOTUSDT 1W Chart) Below 10.13 is likely to be a mid- to long-term investment area. In particular, 7.16 and below are likely to be long-term investment areas. Therefore, it is important to know whether it can move higher than 7.16. (1D chart) The contraction period of the Bollinger Bands (60) is short. Therefore, a trend is expected to form in the near future. It is expected that the period from the decline of 7.16 to the vicinity of 5.19 until it rises again to the vicinity of 7.16 is expected to be short. Therefore, if you fail to overcome the psychological burden and make a stop loss when it leads to a further decline, there is a high possibility of a double loss. Therefore, it is recommended to create room to buy when the price is falling. The market can be very volatile if the BTC dominance declines while the BTC price is still in a downtrend. It can be characterized by repeated short-term spikes and dips. You need to think about whether you can't take advantage of it with your trading skills. You should try to earn cash income by short-term trading coins (tokens) that you currently have or increase your holdings. Otherwise, starting an investment in a new coin (token) may require a long period of time to turn into a profit even if the coin market turns upward as the dispersion of funds accelerates. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
DOT/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. We're currently sitting on the big green support line, if we lose this we have another support around $3(unlikely) We have already dropped by 88% Going down to the bottom green line would be about a 94% drop from ATH $6 to $3 is 50% drop. We have a small unlikely chance for another 50% drop with a possible gains of 972% Risk Reward ratio: 16 for current price @ $6.9 The more you can get at any price lower than current, your RR ratio is even higher.
BINANCE:DOTUSD
by AyoKu
Polkadot Adam & Eve Bottom Pattern (90%+ Potential Profits)We have a classic pattern show up on the DOTUSD (Polkadot) chart. The low was set 13-June; DOTUSD continues trading above support (light blue). Currently, we can see prices challenging EMA10, which is the first barrier to conquer for the bulls to move ahead. As the days go by and prices grow... We can have a massive bullish wave! First, easy 30%... Followed by, 90%+. You can find more on the chart. Remember to plan ahead. Remember patience... The market gives, the market takes. Be strong. Play safe. Thanks a lot for your support. Namaste.
BITMEX:DOTUSD.PLong
by AlanSantana
PolkaDot DOTUSDT - ABC completed! Elliott Wave + Channel- On the weekly/3D chart we can see a parallel channel and the price is currently on the support of the channel. - Due to my Elliott Wave analysis - the ABC correction has been completed successfully and now we are prepared for another bullish market! - 0.618 FIB is the strongest FIB level and the price si currently sitting on this level. - If we take a look at the RSI indicator, we can spot a nice bullish divergence with a lower high! - Wave 1 horizontal support (previous swing high) from 2020 is another great support that we have. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
Polkadot: Daily Review and Trading IdeasMarket Conditions We are in the bearish trend, consolidation about the support. Valuable Areas $6.15 is the key support right now for bears. MAs with 20 and 50 periods are key resistance lines for bulls. Trade Opportunities If the price moves below $6.15 support, it is a bearish signal in the direction of the main trend. The main target for bears will be $3.75 support. If the price moves above 20MA, we may expect a correction movement with the targets around 50MA and $10.00 resistance. For shorting, it is possible to use bearish signals from daily and lower timeframes. For buying, I would use bullish signals from hourly time frames for better risk/reward ratio. Day traders should follow the bearish sentiment and open short positions using any pullback to valuable resistance levels and lines from the hourly time frames.
by DLavrov
2