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DOTUSD Perpetual Swap Contract

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DOTUSD.P trade ideas

PolkaDot #DOTUSD: Long-Term AnalysisCryptocurrencies are experiencing challenges post the Bitcoin ETF release, a predicted event that didn't act as a Buy-like catalyst for the market. It serves as a reminder that not all assets surge after such an occurrence. Despite this, the current phase presents an intriguing opportunity, particularly for PolkaDot. PolkaDot has shown a somewhat delayed response since the low at the end of last year compared to its counterparts. An overarching Wave (1) has formed, and we are currently entering Wave (2). This correction is anticipated to range between 61.8% and 78.6%. A dip below this range would strongly suggest that it might not be Wave (2), and the correction could extend further below the $3.64 mark. However, if a turnaround occurs within this range, we foresee a minimum upward movement reaching $15.5 🔥
CRYPTO:DOTUSDLong
by stromm
1
✴️ Polkadot Headed Toward $22, Followed by $36 (ATH $144)Polkadot (DOTUSDT) has entered the bullish zone; says who? ➖ On the left side of the chart we have a market correction or bear-market. ➖ On the middle portion of the chart we have an ending diagonal or consolidation phase. ➖ On the right side of the chart we have a new bullish impulse, a 5-up wave or bullish phase. A major bullish development is the break as resistance and close above EMA100 on the weekly timeframe. On the daily timeframe we would say that a close above EMA100 signals medium-term growth potential being confirmed. Weekly this signal is 7X stronger, so we can say that long-term growth potential has been confirmed. 👉 The next target is $22 followed by $36. There will be much more in 2025 and late 2024. The next All-Time High can reach $144. (A rough estimate of course. We will go deeper into the numbers as the bull-market develops.) Remember to boost! Thanks a lot for your continued support. Namaste.
CRYPTO:DOTUSDLong
by MasterAnanda
3
DOTUSD BINANCE:DOTUSD DOT formed an upward sloping accumulation structure and entered an uptrend in the price channel after large investors performed the final shakeout (Spring) to shake off small investors at the bottom of the price channel. This accumulation structure shows that the strength of the Buyers is overwhelming the Sellers. That gives investors the right to hope for a scenario of a strong Break out of the price channel and into an Uptrend. When a breakout event occurs, buying is a reasonable choice. However, to be more certain, investors should wait for the confirmation event (BUEC - Back Up To The Edge of Creek) at the upper edge of the price channel.
BINANCE:DOTUSDLong
by Dzung-Dang
2
Long DOT to 9.60 - 23%+ Profit PotentialAnother trade I've taken today is here on DOT. Once again, my proprietary blend of custom indicators are all flashing green. Reinforcing the bullish signal is, of course, good volume support on the underside of price along with all SMAs (50,100,200). RSI is hot but not in overbought territory as, it would seem, everything else is. I can see us double-topping before any sort of pull-back. I'm in at 7.77 and targeting 9.60. My SL is at 6.86 with a RRR of 2-to-1. Potential gains here top 23% to our final target.
COINBASE:DOTUSDLong
by stewdamus
1
Polkadot: 2-Hour Chart AnalysisLet's take a deep dive into the Polkadot BINANCE:DOTUSD 2-hour chart. We may have already completed Wave (2). However, there's a possibility of a further descent to the 61.8 or 78.6% retracement levels. This wouldn't be surprising, given that it's quite brief for a Wave (2) in the time-based Fibonacci zone. Despite this, the overall chart still appears predominantly bullish and suggests we might have initiated a trend reversal. 🌊 Potentially, we should watch for a subordinate Wave 2 soon, which would lay the groundwork for an overarching Wave (3). Nevertheless, this Wave (3) seems to be in the distant future, with a target of at least near $16, which is considerably far off. It's entirely feasible that we'll see this in the future. The key question is...when? Will we see it immediately, or will there first be a pullback that goes deeper, possibly filling our overarching chart limit order at $5.87? Only time can tell, be patient, we will keep you updated
BITFINEX:DOTUSDLong
by freeguy_by_wmc
5
DOT Price Breakdown Warns 20% SlideHead and Shoulder Breakdown: DOT's daily chart shows a bearish reversal with a head and shoulder pattern breakdown. Crucial $6.50 Support Breached: The bearish momentum intensifies as Polkadot's price falls below the key $6.50 level, aligning with the 50% Fibonacci level. Risk of Dropping Below 200-Day EMA: If the current sell-off pushes DOT below the 200-day EMA, a further decline to around $4.80 is possible. Increasing Selling Pressure: A noticeable increase in trading volume during the downtrend suggests a potential continuation of the bearish trend. Technical Indicators Suggest Downfall: The MACD crossing below zero and growing bearish histograms point to a likely extended downturn. Market Sentiment Turning Negative: Growing fears and uncertainty among investors could exacerbate the sell-off. Potential Downside Targets: The current bearish dynamics could see DOT's price dropping below $5, possibly testing the $4.80 level. Rebound Potential from 200-Day EMA: A recovery from the 200-day EMA could push DOT's price back towards $7. Bearish 2024 Start for Altcoins: The year begins with a strong bearish trend for altcoins, including Polkadot. Impact of Broader Market Trends: The broader market downturn is influencing DOT's price action. Critical Level to Watch: The 200-day EMA stands as a decisive level for future DOT price movements. Investor Sentiment Key: Investor reaction to ongoing market conditions will be crucial in determining DOT's short-term trajectory.
BINANCE:DOTUSD
by Coinpedia-Market-Insight
1