I've read somewhere that DOT is mirroring BTC but it's jsut more volatile (off course). It's a thing I've noticed from a long time and in a certain sense it can be useful for us to foresee where price is going.
First wave in this weekly channel took 29 weeks with peak after 13 weeks, second wave took 27 weeks with peak after 15 weeks, assuming it'll take around 26 weeks this time the peak should be in 17 weeks. Notice that if 2022 will be a bull year this channel could break out upwards or downwards so I might change my prediction in the upcoming weeks.
However I also think that at a certain point BTC should go back to 38-39K area and this should take DOT back to 20USDT so in the SHORT period I expect a retest of that price and a consolidation (I'll post a screenshot at lower timeframe in the comments). My idea is that right now it's not the best time to buy as in few days we might see a retracement. DYOR off course.
Good luck
First wave in this weekly channel took 29 weeks with peak after 13 weeks, second wave took 27 weeks with peak after 15 weeks, assuming it'll take around 26 weeks this time the peak should be in 17 weeks. Notice that if 2022 will be a bull year this channel could break out upwards or downwards so I might change my prediction in the upcoming weeks.
However I also think that at a certain point BTC should go back to 38-39K area and this should take DOT back to 20USDT so in the SHORT period I expect a retest of that price and a consolidation (I'll post a screenshot at lower timeframe in the comments). My idea is that right now it's not the best time to buy as in few days we might see a retracement. DYOR off course.
Good luck
Note
as I was saying you can see on VLPR confirms 20 usdt area (but even 19) should be the next support
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.