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DOTUSD trade ideas

Polkadot (DOTUSD) TESTING MAJOR SUPPORRT LEVEL!November was an awful month for DOT. Despite setting a new all-time high in early November, the price has been on a sharp downward trend. The sell-off escalated this week, where were saw price went from $40 to as low as $22!! Price broke the major support level, but quickly recovered. Now price is testing the major support level that starts at $28. Let's see if the price can end next week above $28! In that case, a bullish scenario is more likely. The major risk here is if price breaks below the final support level at 22.
BINANCE:DOTUSDLong
by EmpowerTrader
Polkadot price analysisThe price has dropped down to $36. Polkadot price analysis confirms a downtrend. Support is standing at $35 point. The latest Polkadot price analysis predicts a downward trend for the day, as the price underwent a considerable decline in the last 24-hours. Although the bulls were at the leading position earlier, the current scenario favors the bears. The price moved down to $36 today as a result of the sudden drop. We can expect the price to touch further lows in the next few hours if the bearish momentum strengthens.
KRAKEN:DOTUSD
by BernardMikhail1
Polkadot (DOT) - November 30Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSD 1W Chart) - Medium to Long-Term Perspective 16.15-20.27 or more: Expected to create a new wave. Above the 33.87 point is the highs section and we need to see if we can sustain the price above this section. (1D chart) First resistance zone: near the 41.70 point Second resistance section: 49.39-51.95 Support section: 31.45-34.02 In order to turn into a short-term uptrend, the price must rise above the 38.69 point to hold the price. It needs to rise above the 43.98 point to continue the uptrend. A decline from the support zone would likely lead to a drop near the 23.03 point, so a short-term stop loss would be necessary if the price fell from the 29.85 point. Since the volume profile section is formed over the 10.16-23.03 section, it is expected to create a new wave if it is supported within this section. ------------------------------------------ (DOTBTC 1W chart) 0.0003911-0.0004872 or more: Expected to create a new wave. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying the 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.) ---------------------------------
BINANCE:DOTUSD
by readCrypto
2
Polkadot in the triangleQuick Update. it's really important to understand this moves and to see where are the zones of potential breakout. ------------------------------------------------------------------------------------------------------------------------------------------------ - The next TP for DOT should be around 35$ (61.8 Fibo + Older Demand Zone) before attempting to come back to ATH. - in a bad case if DOT not break this triangle the rebuy Zones are composed in 3 parts : - 21.5$ ( Supported by 3X EMAs Golden Cross ) - 18.5$ ( Supported by EMA300 ) - 10$ ( Bottom again ) ------------------------------------------------------------------------------------------------------------------------------------------------ - i won't tell you where to buy but some Zones are not worthy to give a try ( When too close from the Triangle Exit). - Wait for a strong breakout or wait for a dip. - Manage your invest and buy wisely, don't go all in on the first buy. - Follow TheKing and his Dominance because only this influence strongly Polkadot trend. Happy Tr4Ding
KRAKEN:DOTUSDLong
by thecryer
4