DOT Thoughts
Updated
Would love to get some feedback on how I'm analyzing this. Based on how I'm looking at DOT it should be at around 448/COIN on the 24th of October '21 peaking out on the 21st of October '21 at around 52/coin.
Feels like a pretty basic analysis, but is there some merit to this approach? Am I missing some baked in models that make this type of analysis easier? Appreciate any feedback!
Feels like a pretty basic analysis, but is there some merit to this approach? Am I missing some baked in models that make this type of analysis easier? Appreciate any feedback!
Note
My timing seemed to be quite a bit off on this one. Trying to look back to see if there were any market trends that caused the lag. Playing this chart out we can see DOT hovered at around $42. It eventually found its way to $52 on the 2nd of November, but I would hardly call that a successful prediction as I also expected it to settle down to $48 about 3 days later. We're here on the 5th and it appears it won't drop to that level. Although, my other chart (DOT Review) does put DOT at $46 on the 11 November.In all, improving on the process, but obviously not homed in yet. Would appreciate any feedback, idea's or highlights on anything I'm missing.
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