Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
Archives
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • June 2022
  • May 2022
  • April 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
Categories
  • Bitcoin analysis
  • Crypto Coin Analysis
  • Cryptocurrencies – Trading Education
  • DeFi market analysis
  • Stock Market
Defimood

Copy Trading,
investments in cryptocurrency

Defimood
  • Market analysis
    • Cryptocurrencies – Trading Education
    • DeFi market analysis
    • Bitcoin analysis
    • Crypto Coin Analysis
    • Stock Market
  • General strategy
    • Long-term strategy
    • Medium-term strategy
    • Short-Term Strategy
  • Copy trading
    • Binance Copy Trading
    • Bybit Copy trading
    • Bitget copy trading
      • Short-term strategy
      • How to set it up correctly?
    • Bingx copy trading
      • medium-term strategy
      • Long term trade setup
  • Deposit management
  • Assistance to Ukraine
  • About us
    • Contact with us
    • PS_trade – Goals of our project
  • Українська
  • English
  • DeFi market analysis

Polkadot (DOT): Buyers Prepare to Attack The Range Of $29-30

  • 25.05.2021
Total
0
Shares
0
0
0
0
0

Three months of expectations of DOT investors for a bright future and the continuation of the strong growth trend were not fully justified. Global consolidation, which began in February 2021, ended in a rapid fall wave. Within 10 days, the DOT market fell by 70% and confirmed our fears about the beginning of a correction. In the previous article, we wrote that we expect a fall to $29-30.

However, before the DOT price collapse, buyers decided to try to go against the general trend of the crypto market and updated the historical high. It happened on 15 May.

Historical high update without volumes are a bad luck

The main reason for the unsuccessful buyers’ attack is low trading volumes at historical highs. This fact can only be regarded as the weakness of buyers. However, sellers inflicted the main blow on 19 May. On this day, after the attack of the white trend line, a large number of buyers’ stop orders who bought DOT from 24 to May 18 April were triggered:

DOT

As we see on the chart, after breaking the trend line, the price approached the next liquidity zone. There were already stop orders of buyers who were gaining a position on DOT since February 2021. Thus, we saw a fairly fast fall wave, which stopped in the liquidity price zone of $15-16. If we look closely at the daily timeframe, we see that there were such anomalous volumes on the DOTUSDT chart twice.

The range of $15-16 is the most liquid price zone in the DOT market

Interestingly, both of these cases are associated with the range of $15-16. Only at first, buyers could not break this range up without problems. Now this range has acted as a lifeline for the uptrend and withstood a powerful blow.
If we pay attention to the DOTBTC price movement, we can see that the global consolidation has not ended:

DOT

Buyers are constantly trying to continue the upward trend and update the historical high. However, there is not enough support to make the trend look harmonious. Thus, the DOTBTC price constantly is around the important range of 0.0005-0.00054. First, in August 2020, this range became an all-time high and a serious obstacle for buyers. Beginning in January 2021, buyers have already fought several times to control this liquidity zone and have been successful so far.

Given the facts above, we expect the DOT market to recover by at least 50% in the near future. We will expect a test of the range $29-30 from which a new fall wave may begin.

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
You May Also Like
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

ICP cryptocurrency – is there hope for the positive?

  • defimood
  • 12.01.2022
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

Cryptocurrency LINK – when to expect growth to the $50 mark?

  • defimood
  • 11.01.2022
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

DYDX cryptocurrency – we expect a rebound of 80%

  • defimood
  • 19.11.2021
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

ICP cryptocurrency forecast – don’t miss 300% growth

  • defimood
  • 17.11.2021
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

SUSHI cryptocurrency makes latest fall momentum

  • defimood
  • 16.11.2021
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

DOT Cryptocurrency: Final Fall Target Is $20

  • defimood
  • 10.09.2021
View Post
  • Crypto Coin Analysis
  • DeFi market analysis

ATOM And SXP Medium And Long-Term Forecasts

  • defimood
  • 10.08.2021
View Post
  • DeFi market analysis

Forecast on Polkadot (DOT) and LUNA – correction is close?

  • defimood
  • 09.08.2021
Defimood
  • Market analysis
  • General strategy
  • Copy trading
  • Deposit management
  • Assistance to Ukraine
  • About us
  • Українська
  • English
криптотрейдинг, инвестиции в криптовалюту

Copyright © 2021 defimood.com All Rights Reserved.

Input your search keywords and press Enter.