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Dotanalysis

Polkadot (DOT) - 6h. Price half way to targetThe market situation for Polkadot (DOT) remains mysterious and tense. The two-month consolidation that started back in February 2021 continues in a wide 56% range. The main liquidity zones that are within the limits of this consolidation are in the ranges of $29.6-30.6 and $45.5-46.5 . As you can see on the chart, it is at these price zones that the DOT price slows down and reverses after false breakouts. Therefore, when planning short-term trades in these liquid zones, we would implement our trades. After the unsuccessful attempt of sellers to break the consolidation down, buyers organized a new local wave of growth. At the moment, the DOTUSDT price is in the middle of the consolidation, namely before the local range of $38.3-39.3 . This range can perfectly serve buyers as a support and addition of a position with a target of $45.5-46.5. We wrote about this scenario in our previous idea: However, for such an option, buyers must first take control of this range. So far, the price has slowed down in front of the liquid zone and is preparing to break through it. Therefore, while the price is below $38.3-39.3, we do not exclude the scenario of a return to $29.6-30.6. If the range of $29.6-30.6 is lost, this idea will become irrelevant and the target of $45.5-46.5 will have to be forgotten for a while. __________________ 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!
by P_S_trade
25
DOT - 12h. Global correction and new upward momentumThe buyers were not strong enough for only $ 1.5 to test the mark of $49.7. This mark was the target of our previous DOT idea: Buyers managed to break the triangle up, which significantly raised the mood of investors. The new all-time high has been updated and nothing should have stopped the DOT price. However, on April 17, in just 24 hours, sellers managed to lower the DOTUSDT price by 30% . This situation made us take a fresh look at the DOT chart. First of all, we once again reaffirmed the importance of the range of $38-39 . If you look at the hourly timeframe , you can see that the increased trading volumes in the DOT market began only after the price met the range of $38-39: After breaking through this range, the price began to fall faster. And after an unsuccessful attempt by buyers to return this range on low volumes , the DOTUSD price updated its local minimum. Therefore, for a conservative entry into a DOT position, you need to wait for the price to consolidate above the range $38-39. Our second observation is the global consolidation channel in which the DOT price moves from February 20: The movement in the white channel is very similar to a simple correction after a powerful upward impulse. The key range for this consolidation is $30.5-31.5. Throughout the month, buyers carefully protect this price area. On March 24, sellers tried to break through this price zone using medium volumes . The attempt was unsuccessful. Now sellers are trying to conquer the range of $30.5-31.5 again. However, as we can see from the volumes, sellers spending more effort cannot update the local minimum of March 24. This fact tells us that sellers' exhaustion reaches the end and ahead of the DOT market. A new upward impulse awaits. However, this is a completely different story) At the moment, we expect the continuation of the Polkadot price movement in this consolidation channel and a test of the mark of $50. If you are interested in seeing a global DOT idea - write about it in the comments! _____________________________ 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!
by P_S_trade
30
DOT - 6h. The first target is reached - we are waiting for $50A 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!
by P_S_trade
41
DOT - 6h. If buyers keep $32-33 we will see $50For 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!
Long
by P_S_trade
28