POLKADOT: NEARING INTEROPERABILITY
Polkadot
Here is another project on which we are really bullish. DOT has been founded by the cofounder of ETHEREUM G.Wood with the mind that ETHEREUM would be congested ...
We can easily foresee through this chart that this token has been consolidating for a while after his 1st major leg up.
Patiently forming a triangle that is soon to be closed and crossed.
If we can cross the orange resistance, I could anticipate that we pass the stronger resistance around 40$ (purple rectangle). Otherwise we would be rejected and retest the red trend line, which would suggest an even bigger run to test the ATH levels.
I would confirm with the MACD for a bullish pattern and the RSI shyly bringing us into an overbought situation, where we can see that people have been accumulating for a while, since the bears have gotten weaker and weaker since even February.
Now on a fundamentalistic perspective, DOT token will massively be bought by any investor who would like to support a project that is willing to auction for a parachain.
DOT tokens will be used as collaterals and held by the team’s project in exchange of the tokens team for a period that could last from 6 months to 2 years.
DOT according to our pronostics should easily be a top 3 in market cap valuation, until the end of the bullrun, and many of the other projects on its ecosystem should thrive too.
Could see DOT hit 51$ before slowing down a bit and then go ballistic … Would start taking our profits once it would reach around 3.2% of market dominance, which is likely.
Be prepared for an ADA or BNB type of run.
Please feel free to share your thoughts and opinions.
CHEERS
Here is another project on which we are really bullish. DOT has been founded by the cofounder of ETHEREUM G.Wood with the mind that ETHEREUM would be congested ...
We can easily foresee through this chart that this token has been consolidating for a while after his 1st major leg up.
Patiently forming a triangle that is soon to be closed and crossed.
If we can cross the orange resistance, I could anticipate that we pass the stronger resistance around 40$ (purple rectangle). Otherwise we would be rejected and retest the red trend line, which would suggest an even bigger run to test the ATH levels.
I would confirm with the MACD for a bullish pattern and the RSI shyly bringing us into an overbought situation, where we can see that people have been accumulating for a while, since the bears have gotten weaker and weaker since even February.
Now on a fundamentalistic perspective, DOT token will massively be bought by any investor who would like to support a project that is willing to auction for a parachain.
DOT tokens will be used as collaterals and held by the team’s project in exchange of the tokens team for a period that could last from 6 months to 2 years.
DOT according to our pronostics should easily be a top 3 in market cap valuation, until the end of the bullrun, and many of the other projects on its ecosystem should thrive too.
Could see DOT hit 51$ before slowing down a bit and then go ballistic … Would start taking our profits once it would reach around 3.2% of market dominance, which is likely.
Be prepared for an ADA or BNB type of run.
Please feel free to share your thoughts and opinions.
CHEERS
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