Page 5 | Dotanalysis — Trading Ideas on TradingView

DOT - 6h. The first target is reached - we are waiting for $50 A new wave of growth, which began on March 25, reached the top of the DOT triangle price zone . In the previous idea , we predicted the following price movement in the DOT market: The main question at the moment - will the price of Polkadot (DOT) continue to move within the triangle? Considering the Powerful wave of growth in the DOTUSDT market, which began on February 1, the current triangle-shaped correction looks rather weak. If you pay attention to what the previous correction looked like in the DOT market, you can predict the continued growth of the price Of course, the situation is slightly different, especially in terms of trading volumes during the DOT price increase. However, analyzing the current wave of growth from March 26, we see a clear impulse that does not plan to stop before the mark of $39. The critical point of the local attack of buyers is the mark of $38.5 Below this mark, buyers will lose initiative in the DOT market. In this case, sellers will be able to start with $32 . However, this scenario is alternative for us. Fixing the price above $39 will pave the way for the DOT price to the range of $49-50. Let's see if buyers can implement this scenario in April. ____________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!

DOT - 6h. If buyers keep $32-33 we will see $50 For almost a month, the DOT market has been in the correction phase. After setting a new historical high of $41.92, buyers took the initiative to sellers. In our global idea, we expected the beginning of the correction of this coin with the ultimate goal of $ 17: The correction has started, but not in the format we expected. All that the sellers were able to achieve during the previous month was a slight correction in the form of a consolidation triangle. If we analyze the situation in the DOT market in more detail, we see that on February 22-23, sellers quite aggressively checked the strength of buyers. The raging volatility ended on February 28. In the period from February 22 to 28, market participants were looking for a compromise liquidity range, in which a local shopping area is currently formed. This is the range of $32-33 . As you can see in the graph, this range has twice confirmed its strength: While the range of $32-33 is under buyer control , we will expect a test of the all-time high with a likely continuation of the DOTUSDT price increase to $50. If we look at this timeframe, we see that the DOT price has gone beyond the global trend line that buyers have held since December 2020: However, the breakdown of this trend line did not cause panic among investors. A small misconception says that there is still a large number of buyers in the DOTUSD market who expect good prices. Another positive signal for the DOT market is the DOTBTC pair chart: As you can see, now the DOTBTC price is testing the previous high. The test takes place at low volumes. This fact proves that at the moment in the DOT market correction and not a pulse wave of decline. At the moment, the DOT price is in the middle between liquid zones. Therefore it is necessary to wait or the test of $32-33 or breakdown of a historical high and its retest. Good luck with your trade! ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!

The completion of wave 2 from sub-waves of point 3 In the 240-minute chart, wave 2 from the sub-waves which has been shown in the picture has been ended in the range of 32.07, and by crossing the price from the range of $ 38, we can get the confirmation for the uptrend and the $ 63 target.