Polkadot Buy Signal from Script triggered EMA Crossover SMAUpdate from 10/03/21: Polkadot Buy Signal from Script triggered at Buy Zone 2 (50% Gain from the 38.20% Fibs), 13 EMA crossed up above the 50 SMA on the 29th March. As stated from previous analysis below, the move back towards the ATH and beyond to the 127.20% Fibonacci was not expected to be a straight forward push back to the ATH of $42 which we reached on the 20th February, we predicted a potential of 3 push phases and after a lot of consolidation with profit takers in the market, our Swing Call script triggered a strong Buy Signal on the 29th March and after a triple top formed from the push phases which failed to test the previous ATH levels, bouncing at the 78.60% Fibonacci level, we finally had a breakthrough pushing past the previous ATH level of $42 and hitting our 127.20% fibonacci level at $45.81. Our next target for Polkadot is at the 161.80% Fib extension and a price target of $50.59 which is a 16% Gain from the current price level. Happy Trading
*Update of Dot's Chart & Analysis from 28/02/2021*
Polkadot (Dot) Buy opportunity! Potential 68%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano, Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension .
Note this may not be a straight forward push, but a bullish momentum powered by 3 push phases. Use the Buy Zone area to map your entries, Zone 1 at the 23.6% level and Zone 2 at 61.8% Golden ratio. Overall, there is a high probability that Dot's price will break out higher (68% Gain from current price levels) as the bulls target the next resistance at $50.
