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Polkadotusd

DOT.USDT (Y20.P3.E1).Nice trend.Can be a great steady one.Hi All, I'm in this trade with some luck when my brother pointed me to this and I took it early at $4.1. I did look at it yesterday but was occupied to making this post as of now. DOT = POLKADOT Since its new on Binance it doesn't have much history, and prior it was a different product as the change was made to its denomination setup. So I look at the trend. The trend is consistent for the short time its been on this platform with the 1 hr 21/34 ema acting as support. I can't really comment on targets or support besides this trend. So what is Polkadot and its product...with one relay chain and launch several parachains soon afterward, eventually ramping up to 100 parachains. I don't quite understand it but it seems hot in the industry, just like defi. Moving forward, a coin starting off like this, only looks promising, just like BNB, REN, CRO which have an ongoing consistent upward path. Hence why I didn't put too much in here but if it continues I will then buy more up as my profit will offset any losses if the trend changes. If I was to guess of the price movement based on the initial funnel formation. Here is a KRAKEN chart, with a slightly more history. Here is a OKEX chart, where Polkadot was prior to their new dot change. What happened, the New Dot which is 100x smaller than DOT (OLD) On 21 August 2020 at 16:40 UTC (block number 1,248,328), the DOT token underwent a redenomination from its original sale. New Dot are 100x smaller than DOT (OLD). There is no difference between New Dot and DOT (OLD) except for their denomination. Please give me a like or tick for this post Regards, S.Sari
Long
by ssari
5
Polkadot Price Prediction: DOT/USD Rally Hits Pause At $6.5 Polkadot rallies in less than a week from $2.5 to all-time highs at $6.58. DOT/USD bulls plan on building upon the support at $6.50 for gains above $10. Polkadot has been on a journey of breaking barriers after rebranding from the former ICO token, New Dot. The cryptoasset commenced trading several exchanges including Binance on August 19. The trading from the launch has been action packed with the price first hitting highs around $5.75. An immediate reversal took place with DOT/USD embracing support $2.5. The dive was followed by a period of consolidation in a range between $2.5 and $3.0. An incredible bullish price action commenced after a sustained break above the resistance brought about the 50 Simple Moving Average (SMA) in the 1-hour range. There was struggle to clear the seller congestion at $4.50, the 61.8% Fibonacci retracement level of the last drop from $6.58 to a swing low of $63.69 as well as $6.0. The bullish momentum continued in several candles before DOT hit a new all-time high at $6.58. Another reversal took precedence pulling Polkadot to the short term support at $5.81. In spite of the barrier suffered at $6.58, DOT bulls have not given up on their mission to scale the remaining ground to $10. The crypto has a market value of $6.08 at the time of writing. Short term analysis shows that bears are gaining momentum. For instance, the MACD is in the positive zone but also featuring a bearish divergence. In addition, the RSI has slowed down the uptrend, settling above the midline. If losses come into the picture, support at the 61.8% Fibo (50 SMA), $5.14, $4.5 and $3.69 will come in handy. However, if support at $6.0 holds, there is a huge chance that bulls will build on it for a much awaited approach to $10.0. Polkadot Intraday Levels Spot rate: $6.15 Relative change: 0.075 Percentage change: 1.16% Trend: Short term bearish bias Volatility: Low
BINANCE:DOTUSDLong
by CoinGape
3
DOTs for days (bullish sentiment)RSI and MACD continue to support DOTs push upward. As many already know, it’s expected to be added to CoinBase. Speculation of such an event is certainly already factored into DOTs price. Finally, let’s say you choose to ignore the TA and ignore the FA. Just another nicely polished shitecoin, right? Well, maybe you’re right. But considering big dick swangin’ Gavin Wood is the father of this blockchain, and for many that’s enough right there to go all-in. Let me know what you think about the price action AND whether the long-run bullish sentiment is justified. $$$$$$
Long
by UnknownUnicorn7080344
1
Polkadot (DOT) Analysis - Fundamental and Technical.Hey, I am back with yet another Crypto Idea. Polkadot, a coin that come to my attention, why you may ask? Let me explain. So the coin is on exchanges only 5 days and is already on the #8 place of cryptomarket which is really crazy when you think about it.. The coin is already listed on Binance, Bitfinex, OKEX, Kraken, Bittrex and Coinbase is also thinking about listing. What I understand by learning about Polka is this. It's a blockchain which contains other blockchains. Distributed network that stops big companies from owning your information. Allowing freedom and trust by default. A virtual operating system like windows for the next internet. So basically this very heavily focuses on your Privacy and also connecting many Cryptocurrencies into one Network. Looking at Technical Analysis. The price of Polkadot is at resistance area, and as you may know we are in alt season where we buy Resistance areas, because they are very likely to breakout, not speaking about this one coin which has a huge hype currently so let's ride the wave! Price is currently breaking out of falling wedge in strong uptrend channel. Hope this goes well for us, I am in since $4.35. I recommend to either buy the breakout or try to buy at the uptrend line of this channel. My target will be very dynamic as we dont have any previous resistance levels higher than 4.55 I will keep this idea updated if there is going to be enough likes :) Cheers, Tibor
Long
by TiborVrbovsky
9
DOT/USD 4h chart analysing.Polkadot or DOT is new coin and has been rising for few weeks. It just released mainnet last week and was listed on some exchanges So it's price made almost 3X . It has seen $306 before and possible to start falling from here at $296. Because profits sells are about to made and it might fall very fast. It's targets are $200, $180 and if it falls below $180, next target will be below $147. It's excellent price to put short order above $280 for marjin traders Good luck.
FTX:DOTPERPShort
by The_Geronimo