Crypto Insiders analysts recently spotted some striking things in the Polkadot (DOT) and Cardano (ADA) charts shared in our Premium environment last week. Our specialists believe that these two currencies can rise quickly, but this will only happen after a correction.
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Analysts see buying opportunity for Polka Dot (DOT) after the decline.
Recently, Crypto Insiders analysts spotted a WXY Elliott wave pattern on the polka dot chart. DOT price is in the final stages of an ABC pattern that will complete the larger WXY pattern.
Analysts initially expect a small upward movement, the B wave, which will take the price near the $7.50 zone. However, after this temporary increase, analysts expect a decline in the form of a C-wave. This is expected to bring the price down to the $4.63 to $5.85 range.
Analysts see this zone as a new opportunity to expand their position. After that, they expect a significant price increase. In the premium environment, they continue to monitor the price closely.
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Cardano (ADA) is also looking for a green buy zone
In December, analysts noted that Cardano completed an important pattern and then also entered a corrective WXY Elliott Wave pattern. As with DOT, an ABC Elliott wave pattern is developing within this pattern, indicating an impending decline.
Analysts expect this decline to take the price into the green buy zone, which is between $0.336 and $0.389. This zone, which consists of the 100% and 123.6% Fibonacci levels, is where the pattern completion is expected.
In this green area, analysts plan to personally buy ADA in anticipation of a future price increase. If anything changes, the analysts will announce this as quickly as possible in the premium environment.
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