The Polkadot (DOT) breakout is entering its final phase towards the green zone

The subject of this analysis is Polkadot (DOT), known for its approach to connecting different blockchains. We examine the price prediction for DOT for the coming period with insights from our premium environment.

Are you interested in further information or do you have any questions? For a small contribution of 1 euro you get 30 days of access to our premium environment, where our analysts share their updates first with over 1500 people. Please note that this analysis is for informational purposes and our analysts do not provide financial advice.

New Entry Opportunities for Polka Dot (DOT)

DOT recently broke out of a so-called uptrend widening wedge Cartridge. This creates new opportunities, the analysts at Crypto Insiders recently reported in the premium environment:

“We see an interesting pattern for DOT known as the WXY Elliott Wave pattern. The price is now in the phase of forming an ABC pattern to complete the larger pattern.

Right now we are seeing an upward move that we call B-wave and we expect it to take the price near $7.50. But after this short rise, we are preparing for a significant decline in the form of a C wave. This means that the price is likely to fall into the range between $4.63 and $5.85.

Consider this upcoming drop as another opportunity to buy DOT in person, as we expect the price to rise significantly afterward. We are monitoring the situation closely and will continue to share our findings so our members can make informed decisions.”

Date of analysis: February 9th. Link to trading view:

Good news for Dutch crypto traders

The new partnership between Bybit and SATOS, which has a license from the Dutch bank, gives Dutch traders access to 400 new cryptocurrencies. Bybit offers the largest range of cryptocurrencies in the Netherlands. Don’t have a Bybit account yet? Register using this link and receive 20 euros in crypto as a welcome gift.

Do you need help?

In our premium environment you will find our extensive trading plan with the latest updates. As a Premium Member, you enter a safe place where traders of all experience levels share knowledge. Ask experienced analysts and top traders about trading, market trends and crypto topics in a lively community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.

Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes

Related News

Leave A Reply

Please enter your comment!
Please enter your name here

Exit mobile version