Polkadot DOT Daily Update | Polkadot Crypto Price Prediction 2021 #shorts

5 Jul 2021 · 1 min

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In this short video, The Art of Crypto provides a technical analysis of Polkadot (DOT) amid a broader altcoin rally led by Ethereum. The presenter notes that Polkadot has lagged behind but identifies a triangle pattern on the daily and 4‑hour charts that suggests a potential breakout within the next 24‑48 hours. A critical resistance level at $16 is highlighted; a breakout above this level would confirm the pattern. Two entry strategies are outlined: buying as the price breaks out, or buying on a pull‑back to support after the breakout. Both approaches allow a tight stop‑loss placed just below the breakout level, with the trade considered invalid if price re‑enters the triangle. The video ends with a brief call‑to‑action to subscribe or like.

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Polkadot daily update. So while the rest of the altcoin market such as Ethereum has been rallying like crazy, we haven't seen the same performance from Polkadot. But if we take a look on the daily chart and we look at this pattern, I would say that Polkadot is ready to explode within the next 24 or 48 hours. On the 4-hourly chart, this is a clearer picture of what this pattern looks like. If you were thinking about buying Polkadot, you're gonna want to mark down this level at $16 because if Polkadot breaks out of this level that means Polkadot is breaking out of this triangle pattern. The way you want to enter is as the price is breaking out, you want to enter along with the breakout. Alternatively, as the price breaks out after it comes down to find support and goes up, you're going to want to enter around here. Both of these entries are brilliant because you can place your stop loss right below here. If the price breaks out and falls back in, that's when you know your trade has been invalidated. For more videos like this, make sure you subscribe, but otherwise a like works fine too.