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DOTUSD

DOT resistance touched and now ? DOT finally got to his resistance area at 48$ and therefore as completed 1st target. Now of course i wouldn't recommend buying here as the resistance could reject the price. I see 2 possible plans : 1 : Prices break and close in Daily above the resistance area (above 51$) and we would look at pullback between 48$ to 51$ to enter long. 2 : Prices get rejected and go find support at 45$ level, which could act as support before a break of the main resistance. If i would be already long i would take some profit there and wait for lower prices to enter long again. I don't have a clear view so i would be waiting for option 1 or 2 to happen before acting.
BINANCE:DOTUSDLong
by Heatrading
✅DOTUSDT - We call this Surge, Hit our 2nd TP in 3 hrsBYBIT:DOTUSDT - Congrats for those following this strategy! - As usual, do not forget to take profit at 2nd TP we set, you can hold the rest until TP3. Just take it anytime you satisfy. - Also, I set a new SL $44.825 for you to protect your unrealized profit. Have a good day!. - 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
2
DOTUSDT Analysis (Long term) 1D trend chart - We have a breakout from $41 resistance. The long term trend shows that new resistance will create at $49. If it broke outs which a continues uptrend is showing that it will broke out, it will fly to $56 to $70 - Profit Targets: a) 55.83----Fib(1.168) b) 62.94----Fib(2) - Stop Loss: 41 --- Fib(.786) I provide 2 SL, depended on the risk you can take! - If you like this analysis, give it a like and leave a comment below to share your perspective 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. God Speed!
by ibrahimwasim240
DOTUSDT - Entry Timing?BYBIT:DOTUSDT 1H trend chart - DOT has built a double bottom pattern. Now it just broke the neckline in 1H chart. If price can be keeping here w/o wicks top, trading strategy as below. - Profit Targets: a) 46.035----Fib(1) b) 46.7~47.415----Fib(1.272~1.382) c) 60.445----Fib(2 Stop losses: a) 41.050-----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
1
DOTUSD Analysis 30/10/2021Update from previous analysis: Last time I spoke about Dot I did say I favoured the downside short term and also commented on my buy positions being from $41 down to $39.4, I didn't quite call the exact bottom but I was within 1% of it and all of my buys did get hit which resulted in a scary (for 2 seconds) but very profitable trade. Right now and for the past couple days DOT has been too risky for me, the market has been so volatile and I am glad I haven't FOMO'd in yet. we are currently finding support at my green line here as I am writing this but it is being tested a lot I actually favour a break to the downside and this is where I will be making my next long move. I have taken a fib from the top to the bottom to look for bearish retracement targets, first target for a small entry would be the $42 level then a strong support is at the 41.70 being my trend line which has held lovely throughout, we have not seen a candle close below this trend line in weeks, also you can see the golden pocket (0.618) fib is exactly at the 41.70 level so I am hoping that will be enough to not allow a candle close below this level.
by ryanc49
Highly anticipated Polkadot Parachains auction is bullishHello everyone, It's been a while, i've been very busy with The OWL channel. Here is a DOTUSDT chart. Polkadot is looking good, KDJ is green on every timeframes and DOT keep creating higher high.. Resistance to watch : 0.9 at 44.58$ 1.23 at 57.06$ Going over 57$ and confirming 57$ new support can trigger another swing to : 161.8% = 68.55$ 175% = 72.30 200% = 79.41 261.8% = 96.99$ Last 2 weeks candle push us over the last tweezer top resistance (green dots lines).. Now not much resistance left until last ATH and the 1.23 fib. Parachain Auction will start soon for Polkadot... first auction is slated to begin on Nov. 11. Which you the best ! Crypto Mercy
Long
by Crypto_Mercy
Polkadot ready for a swing to 68$It's been a while, i've been very busy with The OWL channel. Here is a DOTUSDT chart. Polkadot is looking good, KDJ is turning and the RSI is responding, no divergence on the last higher high.. We are now very near a new ATH... What to watch : Resistance 1.23 at 57$ Going over 57$ and confirming 57$ new support can trigger another swing to : 161.8% = 68.55$ 175% = 72.30 200% = 79.41 261.8% = 96.99$ Last 2 weeks candle push us over the last tweezer top resistance (green dots lines).. Now not much resistance left until last ATH and the 1.23 fib. Which you the best ! Crypto Mercy
Long
by Crypto_Mercy
DOT - UPDATE! LOOKING FOR A BOUNCE!AS IS THE REST OF THE MARKET! WE'RE LOOKING FOR A BOUNCE! This will depend on the BTC idea I posted (see link below) A couple spots to watch are identified in the chart. We're in a very volatile area of the markets right now BUT I think we ARE NEAR the bottom of that! CAUTION TRADERS AND LEVERAGE USERS! IF YOU HODLING - NO WORRIES! THE MARKET SENTIMENT IS STILL BULLISH AND THIS PULLBACK IS NORMAL *This is NOT financial advice. This is just an IDEA based off my experience analyzing charts and studying crypto. I recommend researching cryptocurrency because of the potential for you to become A BELIEVER of this technology and its future (FUNDAMENTALS ARE WHAT MAKE OR BREAK CRYPTO) IF YOU HAVE THIS, INVESTING BECOMES MUCH EASIER!*
KRAKEN:DOTUSD
by Mboersma0324
1
DOT Remains bullish.. Target 50USD+Dear traders, I've posted earlier some trade idea's regarding DOT, here is an update regarding latetst DOT trade. The pattern DOT is currently forming, is mines insights an leading diagonal wave 5 pattern of the major wave 3. So we remain bullish and will compound profits on the major wave 4 dip. Wich is expected around .382 and 100% projections wave 1-2. From there we remain extremely bullish since DOT will target AT least the major wave 5 target 50USD. After completing this wave pattern, there is a possibility to have a dip on the minor cycle wave 4 pattern.. however that is still long time to go. So I need to observe the development of the major wave 5 and will update count as is needed. So stay tuned and keep a watch on me as I will frequently update some counts in EW perspective. Currenlty still holding LONG dot positions ..
Long
by AppY-Crypto
2
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