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DOTUSD

DOT/USD Analysis 24/10/2021update from previous analysis: previously we were looking at a rising wedge for DOT but a break to the upside actually looked favourable, we done exactly what I mention on all of analysis's which was a swing fail to one side before a sharp drop the other direction, I marked the bullish target on that analysis but we actually came down and perfectly met my bearish target. we have consolidated ever since, there is clearly a large amount of volume in this area. we have formed a penant here and a breakout is inevitable, I am going to say that I actually favour the downside I think everything needs a nice sharp drop tomorrow let the RSI and MacD reset on larger timeframes like the 4hr/ daily. I have marked notable price targets, personally I have buys starting to average in from the $41 level and more buys down to $40, I think we could possibly see 39.5 but DOT is one of the most bullish coins in crypto right now so I think the buying pressure at these levels will be insane.
by ryanc49
POLKADOT about to test it's ATHPolkadot is entering a very interesting phase in it's development. On the 11.Nov the "PARACHAINS" auctions will begin, this event is a milestone in the ambition that Gavin Wood hve for an interconnected blockchain framework. On the chart analysis, we can already see how this event is positively affecting the price action. DOT has been rising from 33 USD support zone to 46 USD in a matter of days, however the resistance zone that the price is actually testing will be determinant for the incoming price action. We are waiting for a daily and weekly breakout of the 49/50 USD with a closure above this area in order to clear this resistance zone and see further increase in the price action for the incoming weeks, that we know, will bring lights and interest on the polkadot token because of the auctions ... The best place to accumulate were the 28/33 accumulation range, as we told on our discord channel, however, to have limited risk and have a better RR in our swing trend, we have to be patient and wait for the 49/50 USD area to be cleared for this bullish trend to continue and take new positions We have to be patient and cautious in order to manage our risk The content covered in this publication is NOT to be considered as investment advice. Thank you all, If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section. Have a Good day and Safe trade Butterfly .D /Metamorphose your portfolio
Long
by Taidotrading
MY MINIMALIST ANALYSIS FOR POLKADOT$DOT 10.23.21 116H +8 SINGAPORE ALERT: MARKED ENTRIES and EXITS FOR A SWING TRADE HOW TO USE MY CHART It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it. Created on a WEEKLY & DAILY Analysis of Dynamics of the Market. LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS. Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs. This CHART is best used without indicators. The MINOR and MAJOR BOXES (TOPs and BOTTOMs), together with the market's price action and the above mentioned is sufficient enough as analysis when ENTERING AND EXITING TRADES. Thank You for your appreciation and support (Follows, Comments, and Likes.) DISCLAIMER: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
KRAKEN:DOTUSDLong
by The_Crypto_Samurai
How to become a millionaire with Polkadot in a few yearsHello and welcome to my first ever post. My posts will be skewed towards fundamental analysis of crypto projects based on my 5 years of experience in crypto from a standpoint of software engineering and cyber security. I thought I would make an educational post about why DOT is going to make people millionaires within a few years max. While I know this site is mainly used for technical analysis, this post will be to educate users on another aspect of Polkadot that 99% have no idea about, Polkadot crowd loans. Quick history lesson: Polkadot - $DOT – is a blockchain network similar to Ethereum. Gavin Wood (founder of Polkadot) is also one the original founders of Ethereum. He saw the issues Ethereum would have with network congestion and decided to leave and launch 2 separate projects, Polkadot and Kusama. Both projects have been in development for over 5 years, Polkadot began trading around August of 2020 and Kusama December 2019. Polkadot vs Ethereum Here is a simple explanation of how Ethereum works vs Polkadot Ethereum’s blockchain ============================================================================== ^ The above line represents ETH’s blockchain. NFT trades and mints, decentralize exchange swaps, transfers, basically everything that happens on ETH happens on this one chain. With the introduction of NFT’s, the Ethereum network has never seen as high usage as it does today. Because of this when the network is under high usage a single Ethereum transaction can cost upwards of $300. The cost is based on the complexity of your transactions, so actions such as minting NFT’s on Ethereum can sometimes cost thousands! While the ETH foundation has a solution in development it is still many months away. The network congestion is the issue that Gavin Wood predicted and the one that Polkadot has solved with precision. Before we talk about Polkadot , we must first discuss Kusama ($KSM). On Ethereum when developers want to test their code for their token or if the Ethereum developers need to introduce changes to the network itself they perform it all on the test net. The Ethereum test net works exactly like how it was explained above, everything on one chain. With Kusama/Polkadot its different, Kusama = the test network, Polkadot = the main net. Kusama’s purpose is to test everything new that will be introduced to Polkadot but remember that design wise they are identical. And lastly, even though Kusama is the canary test network, all projects on the network still have real value and are tradable on the market such as $KAR , $SDN , and $MOVR as some examples. Now onto Polkadot’s architecture: Polkadot’s relay chain ============================================================================== Like Ethereum the above line represents the relay chain, this is the main chain of Polkadot but there is one huge difference, this chain does not allow any other transactions besides staking and swapping DOT. All other functions must be done on what is known as a parachain. What is a parachain? To keep it simple a parachain is a slot for a project to exist on polkadot. The architecture looks similar to a ferris wheel: www.viator.com The seats represent the parachains, and they are all connected to the middle which is the relay chain. There can only be a maximum 100 parachain projects on Polkadot. To become a parachain a project must win a parachain auction. The auction works by users (holders of $DOT) voting for a project they want to succeed. Users agree to ‘bond’ (contribute and lock) their coins to that project for 48 weeks. The 48 weeks is how long a parachain will last before that project must once again be voted back in. By participating in a crowd loan users are rewarded with tokens (more on this later). When auctions are live this is how the screen looks on the web page: wiki.polkadot.network On the right side you can see the contribute button, you would click that and enter how much you want to contribute. The ‘count’& ‘raised’ next to contribute represent how much has already been contributed so you can get an idea of who is going to win. Now that you understand how Polkadot’s auctions work lets talk about how people will strike gold and become rich (which many have already done on Kusama). Kusama has already had multiple successful parachain auctions, the sound logic is the projects that won on Kusama will surely win on Polkadot. Some examples of projects that have won are the ones I mentioned earlier such as $SDN , $MOVR , $KAR , and more. To understand why people will get rich from these crowd loans lets compare buying into the crowd loan vs buying the project once its tradable. What advantage does a crowd loan give vs buying the token? The main advantages of contributing to the crowd loan are: - Locking your DOT/KSM vs swapping them - Bonus tokens Disadvantages: - Your KSM/DOT are locked for 48 weeks - Your crowd loan tokens are vested for 48 weeks When you buy a token traditionally you would swap token 1 for token 2 at whatever the market rate is. With crowd loans you are not swapping but instead locking token 1 (DOT/KSM) and receiving token 2 which vests over 48 weeks essentially giving FREE money. Projects also offer bonus tokens if you choose to contribute in the early weeks of parachain auctions. Parachain auctions happen for 1 week per auction, when you choose to contribute to projects take note of what week you contributed. Here is how bonuses traditionally work: You contributed: Week 1 = 30% bonus Week 2 = 20% bonus Week 3 = 10% bonus Week 4-8 = none. Even if the project doesn’t win till week 8 but you contributed week 1 , you will still get a 30% bonus. Project example #1 – Moonbeam moonbeam.network Summary: Moonbeam won the 2nd week of the Kusama auctions after $KAR. The summary of what Moonbeam is in simple terms is a protocol that makes deploying Ethereum contracts on Polkadot easy. This is basically how every meme coin will launch on polkadot/kusama, the ability to take their existing code from Ethereum and deploy it through moonbeam. The Kusama equivalent of MoonBeam is MoonRiver. Lets review how their auction went: Kusama auction round won: Week 2 Contribution bonus from week 1: 30% With a bonus of 30% if you contributed 1 KSM (Kusama) to the crowdloan back in May, you received 15 Moonriver (MOVR) tokens in exchange. Exact number is 14.5, verifiable here but am rounding for example: moonbeam.foundation The crowdloan happened in May, 1 Kusama = $500 at the time, Moonriver is now nearly $400! coinmarketcap.com Rounded up math example: Lets pretend you have $20,000 to invest: You contribute 40 KSM worth $20,000 You receive 600 MOVR rounded (again this is vested over 48 weeks) 400 (rounded up price of MOVR) x 600 (MOVR tokens) = $240,000 THAT IS $240,000 OF FREE MONEY, and remember your 40 KSM are just locked you did not lose them. From your $20,000 you now have a whopping $260,000. This is 1 project out of the 100 that will becoming to the ecosystem over the next few years, let that sink in. Here are a few of my favorite projects that have already won a parachain auction for Kusama that will most likely win on Polkadot: Acala - Decentralized Finance hub of DOT (Karura, ticker: $KAR on Kusama) Astar (formely PLASM) - Build decentralized apps on DOT (Shiden ticker: $SDN on Kusama) Phala - private smart contracts on DOT (Khala on Kusama , is currently an ETH token $PHALA) One very important note is that in my opinion most institutional level investors are waiting for the main net launches of these protocols, the success of these projects will be a 10x from where they currently stand on Kusama. The date is tentative but Polkadot's main net parachain auctions are set to begin NOVEMBER 11TH , less then 1 month. $DOT will soar which means locked up tokens gain value, plus free money from the crowd loan projects as institutional funds reign in is how people will become millionaires with Polkadot.
Long
by TRACANTE
14
DOT- Added swing tradeHi, As most of you will already know my strategy, I won't go into much detail. But put simply...I sell 33% at every major resistance and buy the 33% on support of the next major pullback. This has helped me accumulate a LOT more than I would have if I just held. Today I have added a swing trade from $45 with the target of $50. The price looks to close higher than any other local high and the momentum should quickly push this up to Target. Good luck if you join
BINANCE:DOTUSDLong
by Goodland_UK
DOT/USDT Analysis 22/10/2021Been looking into DOT a good amount the past few days and have noticed it's really nice to trade and with the bullish momentum recently it's been a good market indicator of direction and because it is a smaller coin than the usual BTC/ETH it is more volatile! I know that is risk but it is charting really nice and catching it right can lead to excellent gains, I am currently looking at this rising channel which we have tested several times this morning but it is now looking like a breakdown is imminent, I have marked the possible breakdown target. this looks extremely bearish but I think we would look for a potential double bottom on the bigger time frames singling the end of this small dump. we could break to the upside, it wouldn't surprise me for price to hit everyones SL and swing fail to the downside before a quick break back up, I have marked the possible price target in that case. I am following DOT with all of my current trades as it seems to be a clearer indication of where the market is going and the gains are better when you time it right.
by ryanc49
✅DOTUSDT - Again, it did as we presumedBYBIT:DOTUSDT 1H trend chart - Congrats! Remember to take some profit at 1st TP if you are following my trading plan.(link as below) - Next, you can hold it until TP2, or even TP3. Also could sell it anytime you satisfy! - Anyway, have a great profit! - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1
DOT/USDT : Breaking out the pennantBINANCE:DOTUSDT Hello everyone 😃 Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it ! #DOT is breaking of the current pennant now ! EMA50 has reached the movement so it can be the next support after breakout or rejection from here. Also MACD is having a bullish crossover and it's still moving in bullish zone. - Factors are massively bullish for #DOT and based on FIB extension's level, It can Reach $60 after a breakout above ATH. So current breakout can be a lead for #DOT to reach the ATH and the it'll follow #BTC for sure ! 🔴 Nothing has been confirmed yet; So wait for the breakout confirmation and a retest on the broken trendline. keep following this Idea, I'll try to update it after the confirmation ASAP. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
24
DOTUSDT - Good time to take entry/Trading straytegyBYBIT:DOTUSDT 1H trend chart - Price has finally broken out the downtrend line. Also it took the trend line with a great solid candle. Now, it is facing some resistance from Fib(0.5) So, if price can be keeping at $42.225, trading strategy as below. We can still gain a good R-R ratio over than 2 - Profit Targets: a) 44.81----Fib(1) b) 46.22~46.785----Fib(1.272~1.382) c) 49.985----Fib(2) Stop losses: a) 41.310----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
6
DOT/USDT IN TRIANGLE!!Currently Dot Is In A Triangle A Breakout Can Get More Upside Movement But Im Expecting Breakdown Bcz Of Fear And Greed Index. Cuurently Fear And Greed Index Reached 82 Level. What Is Fear And Greed Index? The Fear And Greed Index Is A Tool Used By Some Investors To Gauge The Market. It Is Based On The Premise That Excessive Fear Can Result In Stocks Trading Well Below Their Intrinsic Values While, At The Same Time, Unbridled Greed Can Result In Stocks Being Bid Up Far Above What They Should Be Worth. Stay Blessed..
by maliktayyab1
1
This is too much Accumulation to be honst.This is so great to see the 40$ support act as a strong barrier in front of sellers and it's wreaking their momentum after all the supply "sellers" will be done from selling which is so soon as we can see throw the volume and momentum the price will explode and as you know too much accumulation = the higher the price it could reach (all of that is related to market fundamentals "the supply and the demand) from technical view: we can see Bollinger band width is getting tight which also mean there is upcoming move "either up or down" but with having so many factors beside it it's gonna be up. and it case of patterns we can see the triangle shape is getting formed and it's showing up the potential end of the accumulation.
Long
by MGendyy
DOT LOOKING HOT... WHERE TO GET IN?POLKADOT is looking to be one of the few alts looking good here ALTHOUGH I DO THINK WE WILL SEE ETH, ADA, and some others picking up soon. (maybe BNB, XRP, SOL... we'll get to that!) Personally I'd be looking to get in on this one after a pullback and anything above 34.00 I CONSIDER BULLISH If we get some upwards consolidation as I predict we will, we can watch for Head & Shoulder patterns (INVERSE AS WELL) OR just good old bull flags however H&S Patterns REALLY GIVE NICE ACCURATE TARGETS! This will be a good one to watch and if it breaks out to the upside WE WILL LOOK AT THE DOTBTC CHART for potential targets while it is in price discovery mode! I DO THINK DOT is very overdue for a breakout so I do see good potential here!
KRAKEN:DOTUSD
by Mboersma0324
PolkaDot DOTUSDT - HUGE Secret Ascending Channel + New ATH soon- Polkadot is strong on the daily timeframe , as we can see. - The price broke out of the bullish falling wedge and now is unstoppable! - On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance. - Target top of the chanel or 1:1 fib extension on the daily chart. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, the correction is totally over and we can expect a higher prices! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:DOTUSDLong
by UnknownUnicorn2537518
1