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DOTUSD Perpetual Swap Contract

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DOTUSD.P trade ideas

Polkadot - Bullish medium-term scenario - Potential 50% gainsPolkadot forming a long-TF ascending triangle on Daily 2nd bottom & re-test of the ascending triangle seams to be confirmed by: - RSI bottomed and about to breakout (same levels as mid-july 2021 selloff) - Current overall market reaction - 23.6 Fib level acting once again as nice support - MA 100 & 200 seem to re-create a similar pattern as during mid-july 2021 selloff Potential 50% gains until EO Feb 2022. Entry at 19-20$ Stop loss at 17.90$ --> Target 28-31$ Happy Trading!
KRAKEN:DOTUSDLong
by samideluxe
1
Big oportunity,RiskReward 1-5 it deserves a try "If you can't beat the fear, do it scared!" "Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet. "Markets are a device for transferring money from the impatient to the patient. - Warren Buffet "Show me the charts, and I'll tell you the news." - Bernard Baruch "The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become." "If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
BINANCE:DOTUSDShort
by CojocaruMarian
2
Polkadot: 22% drop or $7 retest ?Hello all and thanks for your continuous support. As the entire market, so does polkadot headed south today. Currently trading inside a falling wedge pattern, the chances for breaking bullish out of this pattern are very little. As such, my bearish price target for this pattern formation is $4.70. This is our 161.8% fibonacci retracement level. The $4.7 is the lowest horizontal support level since December 2020. Keep an eye on the descending line of support of this falling wedge pattern sitting at $6. If we loose this level we are going to $4.7. This will be another 22% drop. If the price successfully breaks above the fib golden pocket we have a chance of retesting the $7. Thanks for reading, and stay tuned. Enjoy.
BINANCE:DOTUSD
by EdgarTigranyan