DOT - 6h. The first target is reached - we are waiting for $50

2 Nis 2021

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!