DOT
DOTUSDT ANALYSIS Hey Colleagues,
Today we came across DOTUSDT . We see a great opportunity for this coin to show some bullish candles in the coming period around 17.1 Level.
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Yours Sincerely,
Tournesol Team
DOT (Polkadot) Coin {Market Cap} Analysis 10/04/2022Fundamental Analysis:
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.
The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain.
Polkadot’s native DOT token serves three clear purposes:
staking for operations and security,
facilitating network governance,
bonding tokens to connect parachains .
Polkadot has four core components:
Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;
Parachains: independent chains that can have their own tokens and be optimized for specific use cases;
Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;
Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
Following the network’s redenomination after a referendum on Polkadot, DOT balances increased by 100, so one old DOT was equivalent to 100 new DOT. This meant that the initial maximum supply of 10 million old DOT in August 2020 became 1 billion new DOT tokens. The redenomination was undertaken purely to avoid the use of small decimals and make calculation easier. While all balances were increased by a factor of one hundred, this did not impact the distribution of DOT or holders’ proportional share.
Polkadot’s first initial coin offering (ICO) was held in October 2017, and the Polkadot price was $0.29, with 2.24 million tokens offered. The second ICO was held in July 2020, and the Polkadot price offered was $1.25, and 342,080 DOT tokens were sold.
The current CoinMarketCap ranking is #12, with a live market cap of $19,263,288,614 USD. It has a circulating supply of 987,579,315 DOT coins and the max. supply is not available.
Technical Analysis:
Looking at the Market Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 47B$ , thus retracement to 10B$, followed by 3 Months of Re-Acumulation Phase till End July 2021, which developed the New Cycle with its New ATH of Approx. 55B$, followed by Market Cap Correction to 14B$ which is Below the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (55B$). this means the Capital has Been accumulatiing since its retracement for its 3th cycle which can have the new ATH of 160B$.
There exist the Hidden Bullish Divergence of Market Cap Value and MACD at the 4 Hours Time Frame , which is the very Significant sign of Bullish Trend Continuation which eventually Start the new Bullish cycles.
As the Capital Accumulation Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Market Cap correction and Reaccumulating. on its Up Formation rally.
DOT (Polkadot) Coin Analysis 10/04/2022Fundamental Analysis:
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.
The Polkadot protocol can connect public and private chains, permission-less networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain.
Polkadot’s native DOT token serves three clear purposes:
staking for operations and security,
facilitating network governance,
bonding tokens to connect parachains.
Polkadot has four core components:
1. Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;
2. Parachains: independent chains that can have their own tokens and be optimized for specific use cases;
3. Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;
4. Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel (“parachains”). This parallel processing power improves scalability.
Custom blockchains are quick and easy to develop using the Substrate framework and Substrate blockchains are designed to be easy to connect to Polkadot's network. The network is also highly flexible and adaptive, allowing the sharing of information and functionality between participants. Polkadot can be automatically upgraded without the need for a fork in order to implement new features or remove bugs.
The network has a highly sophisticated user-driven governance system where all token holders have a vote in how the network is run. Teams can customize their own blockchain’s governance on Polkadot based on their needs and evolving conditions. Nominators, validators, and collators all fulfil various duties to help secure and maintain the network and eradicate bad behavior.
At the end of 2021, Polkadot successfully concluded its first Parachain auctions. The Parachain auctions followed an un-permissioned candle auction system. The winning bid is the highest bid at the random moment the auction ends.
Polkadot assigned the first five slots to the following auction winners: Acala, Moonbeam, Astar, Parallel and Clover. These projects will have their parachain slots locked in for 96 weeks, guaranteed by the DOT bidders committed as collateral. As customary on Polkadot, all projects had previously been battle-tested on its de-facto testnet Kusama.
The network uses an NPoS (nominated proof-of-stake) mechanism with validators and nominators. Nominators back validators with their tokens. These staked tokens maximize chain security by making it prohibitively expensive to misbehave.
Validators are staked on the Relay Chain and confirm transactions coming from the different parachains. This unique validity scheme enables chains to interact with each other securely under the same rules, yet remain independently governed.
Polkadot is the flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional and user-friendly decentralized web.
Polkadot’s founders are Dr. Gavin Wood, Robert Habermeier and Peter Czaban.
Wood, Web3 Foundation’s president, is the most well-known of the trio thanks to his industry influence as Ethereum co-founder, Parity Technologies founder and the creator of the smart contract coding language Solidity. Wood is also credited with coining the term Web3.
Habermeier is a Thiel Fellow and accomplished blockchain and cryptography researcher and developer. Czaban is the former Technology Director at Web3 Foundation, with a wealth of experience across highly specialized fintech industries.
Following the network’s redenomination after a referendum on Polkadot, DOT balances increased by 100, so one old DOT was equivalent to 100 new DOT. This meant that the initial maximum supply of 10 million old DOT in August 2020 became 1 billion new DOT tokens. The redenomination was undertaken purely to avoid the use of small decimals and make calculation easier. While all balances were increased by a factor of one hundred, this did not impact the distribution of DOT or holders’ proportional share.
Polkadot’s first initial coin offering (ICO) was held in October 2017, and the Polkadot price was $0.29, with 2.24 million tokens offered. The second ICO was held in July 2020, and the Polkadot price offered was $1.25, and 342,080 DOT tokens were sold.
The current CoinMarketCap ranking is #12, with a live market cap of $19,263,288,614 USD. It has a circulating supply of 987,579,315 DOT coins and the max. supply is not available.
DOT Market Capitalization Analysis:
Technical Analysis:
There exist Bullish Divergence of Price Value and MACD on 4 Hours Time Frame, which is the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle.
The bullish Trend has already Started and we can notice the Strength.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points.
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Currently the Price Value is below 61.8% Fibonacci Retracement level from its ATH of 55$; it means that, it is in the undervalue Level and counted as Discounted Asset Price.
The Fibonacci Tools have been Drawn From 0$ to the ATH (55$), so the Specified Levels are well Defined and Proved.
The Asset is at the Accumulation Level Currently, which means soon the smart money will Flow in it and the Price Value will get Pump and Appreciates.
Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle though there are some minimal chances of Price falls to the 85% of its ATH Support area, which may Pivot the Price Fall and start the new cycle.
Our Past Analysis:
Initial Asset Acquisition:
BTC/USDT Short Position 22.4.10Bitcoin in the daily timeframe has formed a continuous pattern that has come out of this area with a powerful candlestick.
I expect it to test the 43,500 range again and continue to fall.
There are two very important areas of very important support for it.
40930-40982
36350-337370
This drop may be stopped in the support range of 40930-404082. But there is a very strong demand range in the second support.
The important point is that if Bitcoin breaks the level of 44,000 and stabilizes above it, it can test the supply range of 4710-48150 again.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 10. Apr .22
⚠️(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
DOTUSDT: Bullish divergenceDOTUSDT: Bullish divergence
1H
Buy from current prices and 19.55-19.08 zone
Stoploss - <18.78
Target-price 1 - 19.94
Target-price 2 - 20.25
Target-price 3 - 20.88
DOT: +$250DOTUSD
Technically and fundamentally, DOT has the potential that reaches $250 by 2024. let's see where it goes.
DOT Struggling on Higher Timeframes In the last 5 months DOT has lost 70% of its value, it corrected till 0.886 on Fibonacci until it found a local bottom & bounced off $15.
DOT Higher timeframes:
However, DOT is still struggling to break above the supply at $23 - $24, which is now acting as a strong resistance on higher timeframes.
We need DOT to close a weekly candle above the supply zone $24 for further upside or else it will go for further correction.
DOT Lower timeframes:
On lower timeframes, we're currently retesting the breakout, if we hold it will retest the $23 - $24 supply zone.
Look for entries on lower timeframes for short term trade, for longterm look out for clear break through above the strong supply zone $23 - $24.
ASTR PuntThrowing an ASTR punt out there based on a fractal from last week, if BTC holds/moves up I think we can see something similar play out
I will be buying $DOT after a daily close above 19.6$ #DOTIf $DOT breaks successfully the 19.6$ level, It will be a good entry with a StopLoss at 15$ ( 1 DAY CLOSE BELOW 15$ )
Tp1: 28$
Tp2: 32.5$
Tp3: 38.95$
Tp4: 54$
Tp5: 67$
Smash the button if you like the Idea. Share the love.
NFA, DYOR.
The DOT relied on support at $ 20.09Hello everyone, let's take a look at the DOT to USDT chart on the 1D Interval. As you can see, unfortunately the price has dropped a bit below the local uptrend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 20.09 on which the price is currently based, if the support breaks, the next one is $ 18.95 and $ 17.80.
Now let's move from the resistance line as you can see the first resistance is $ 21.13, if you can break it the next resistance will be $ 23.30 and $ 25.55.
Looking at the CHOP indicator, we can see that in the 1D interval we have a lot of energy to make the next move.
DOT shortPrice hit daily resistance, rolled over to down side and respected zone. Began range, price broke thru support with high volume, strong breakout candle close
Stop loss: Inside previous range, above support turned resistance
Take profit: At 50% fib pullback from low to high, which converges with 4h strucutral level and VPVR
DOT - Going Short HereOur updated DOT chart shows price under pressure.
Two strong resistances, one linear and also the top of ascending channel.
DOT will need to go lower to check support at 18$
One Love,
the FXPROFESSOR
DOT trading setup idea! 💡Enter the trade by checking yourself. 💥
Do not put more than 2% of your capital at risk! ❌
Do you think this scenario will happen?
This is for holders.
11th Series of Altcoin Buying Areas! Hi,
It has been a while since the last survey but there has been a reason for that also - the market has been really slow and the last ideas were still alive from the latest survey from 2021 Dec.
For me, the market has gained some trust and has made some quite good higher highs and breakouts. So, it's about time to make another one.
So let's start it, probably everyone knows the rules already but just in case I will repeat them for my new followers:
1) Comment THREE of your favorite altcoin, not ten not five, THREE!
2) Name only the ticker - Bitcoin is incorrect, correct is BTC!!
3) Hit the LIKE button!
4) If you don't already follow me then hit the button to get the update as fast as possible.
Only four simple steps and your named coins will get into the list!
As always, TOP mentioned altcoins get analyzed - pointing out breakout areas and if there are some logical price zones after a possible correction then also pointing out these levels from lower prices!
Some "Before-After" examples are below from the last recommendations!
ADA: +40%
Before:
After:
MANA: +40%
Before:
After:
DOT: +40%
Before:
After:
ETH: +20%
Before:
After:
SHIB: +50%
Before:
After:
LUNA: +60%
Before:
After:
Comment your favorite coins and let's gain some profits through technical analysis!
Regards,
Vaido
