Hello there! 😃
LONG-TERM BULLISH:
DOT is always on my radar. Here we have broken up out of a major trend-line and if we can continue this push I see it possible that we reach some of the points depicted above. This is not likely in my opinion right now..
HOWEVER:
If we follow in the path of BTC (that I suspect will most likely happen,) we will first see some downwards movement which will start from us getting rejected to bounce up from this white rectangle depicted above.
If we fall down completely and below ~15.6, then I suspect we are just seeing the effects of this little bear market we are currently in, not a big deal!
This is just a short analysis based on technical indicators, and the fact that Polkadot could be considered fundamentally strong ( it is a blockchain protocol that brings many blockchains together and other information to make investing secure.)
🔵DOT is rank #9 Coin market cap.👍
✔DOT is inflationary and decentralized.✌
🔵DOT is proof of stake♻
🔵Polkadot is reaching its final phase and just came out with version 0.9 which is connected to Kusama Network. This is great for Polkadot because this could potentially mean the process of releasing Parachains will be going into motion soon.🆗🎉
🤔Let's watch DOT price action and see where this takes us!👀
Note** Parachains allow all of the blockchains to communicate together. The communication that parachains offer allow blockchains to function more optimally.
Thank you.
☯
LONG-TERM BULLISH:
DOT is always on my radar. Here we have broken up out of a major trend-line and if we can continue this push I see it possible that we reach some of the points depicted above. This is not likely in my opinion right now..
HOWEVER:
If we follow in the path of BTC (that I suspect will most likely happen,) we will first see some downwards movement which will start from us getting rejected to bounce up from this white rectangle depicted above.
If we fall down completely and below ~15.6, then I suspect we are just seeing the effects of this little bear market we are currently in, not a big deal!
This is just a short analysis based on technical indicators, and the fact that Polkadot could be considered fundamentally strong ( it is a blockchain protocol that brings many blockchains together and other information to make investing secure.)
🔵DOT is rank #9 Coin market cap.👍
✔DOT is inflationary and decentralized.✌
🔵DOT is proof of stake♻
🔵Polkadot is reaching its final phase and just came out with version 0.9 which is connected to Kusama Network. This is great for Polkadot because this could potentially mean the process of releasing Parachains will be going into motion soon.🆗🎉
🤔Let's watch DOT price action and see where this takes us!👀
Note** Parachains allow all of the blockchains to communicate together. The communication that parachains offer allow blockchains to function more optimally.
Thank you.
☯
Note
Let's see
Always trade safe and with a stop loss
Note
Hello all ! Good day and let me just say, I feel we could be forming a Cup and Handle and a possible bull flag here on our 2 hour chart, after bouncing up from just above our 17.8 line depicted on chart. It is wise to wait for next few candles to see if this can be a true bullish flag or if we have something else going on here!! Thank you so much for considering this short update. Jazerbay ☯
Trade closed manually
Late update, We hit our bullish target back on June 3rd. I would not open a long position at this moment. Thank you so much and always trade safely, enjoy your day everyone 🌞😄
Jazerbay ☯
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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.