Polkadot to $50
Updated
Major resistance at $38. If we break $38 with good volume, we should retest $50 level.
Speculation - Parachains are about to launch, most likely before the EOY, and we should see a supply shock of about 18-20% which would be locked for Parachains. Also, approx 65% of the current circulating supply is staked, which makes this supply shock even more interesting. I believe this could take
DOT beyond the $100 mark, and it could happen before the EOY.
Just my opinion, not financial advice. Do your DD.
Like and share this TA, if you find it useful, and follow me for more free alpha.
Cheers!
Speculation - Parachains are about to launch, most likely before the EOY, and we should see a supply shock of about 18-20% which would be locked for Parachains. Also, approx 65% of the current circulating supply is staked, which makes this supply shock even more interesting. I believe this could take
DOT beyond the $100 mark, and it could happen before the EOY. Just my opinion, not financial advice. Do your DD.
Like and share this TA, if you find it useful, and follow me for more free alpha.
Cheers!
Note
Working out like a charm so far
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.