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Polkadotusd

Polkadot slow mode- in my older analyze i predicted Polkadot bottom around 15.5$ : Here older post : - the problem with common alts is they are naturally following TheKing moves. - if TheKing stays weak then altcoins will just standby and wait for his next move, then some will move harder if BTC pump and weaker if BTC dump. - Polkadot is an heavy project with so much parachains, in the future i see DOT number 3 on CMC next to BTC and ETH. - Many concurents as Solana or Luna made bigger moves than DOT, because they are going very fast, deploying multiples projects at the same time causing multiples bugs on their chains. - Polkadot is safer, they are building slowly but surely ------------------------------------------------------------------ Trading Part ------------------------------------------------------------------ - if u check Weekly MACD in graph u will notice that it made a flat move - Normally we had to turn bullish 3 weeks ago but we stayed weak, could consider that as fight between bulls and bears or a consolidation. - in the worst case a good buying zone is around 13$, i don't see any lower bottom for DOT. - if we are in a consolidation then a buy is possible right now but it's pure gamble, i recommend to wait. - TP are accorded to Fibo and simple : --- TP1 : 30$ --- TP2 : 40$ --- TP3 : 80$ ------------------------------------------------------------------ Stay Safe and Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
5
DOT Analysis 09/03/2021we have achieved our Past Specified Targets and now Updating the Idea and Taking New Positions as you can see the price has done its accumulation phases in 2 zones and triggered our past TPs with a sharp Impulsive wave and consolidating above our 3 TP, it will started its Rally after some consolidation as we can see there exist a Hidden Bullish Divergence with MACD Histogram, which is the sign of trend continuation. there total of 3 New Targets specified where as the 3TP will gets its confirmation if the Price Triggers and Correct the 2 TP which is the extension zone of Fibonacci Projection of the Previews impulsive wave.
Long
by BitonGroup
8
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:
Long
by BitonGroup
DOT - The Journey Of Two Paths...The much beloved Polkadot (DOT) is at a point of inflection in its journey. It has reached a point where it could have either a strong bullish or bearish run. In this trade idea, I will discuss each possibility and you can see which trade idea you would like to initiate. TO BUY DOT? How did we get to this point? When looking at DOT on the 1 Day chart, the price has fallen to a very longer-term level of resistance; dating back to 2020. This level of resistance is probably due to the large amounts of DOT that is staked and provides a strong level of support. If your Bitcoin thesis is that BTC has reached its lows and will start to consistently rebound, then this presents a good DOT buying opportunity LONG: Enter at Current Market Price Stop-Loss: $14 Take Profits: $22.50, $27,60, $30.80, $38.00 TO SHORT DOT? DOT and many other alt-coins could have a bloody several weeks or even months if Bitcoin is not able to maintain its current price levels and BTC starts crashing down to the $20k range. With this, you could short DOT as there is no resistance from the current price levels down to the $7 range. Although many people have DOT staked for long periods of time, there reaches a point where the price gets too low for them and they start unstaking and selling. SHORT: Enter at Current Market Price Stop-Loss: $20 Take Profits: $10.30, $8.25, $4.20 Let me know your comments & opinions below. Cheers!
by TheUnbounded
polkadot is ready for Wave G NOTE : Personally, I have been a staunch opponent of digital currencies for a year now, but as I said before, I have recently seen good endurance and demand in this bloody market, and now I hope to climb. I think that the banks and financial institutions of the world, with the decline of all markets and its uncertain future in the war, have a good excuse to have a good profit in this market from the people. Governments are also supporting the burning of money and the reduction of inflation
Long
by ManS-Investing
Polkadot Analyze (Road Map)!!!🗺️Polkadot is one of my favorite blockchains. first, I have to say sorry for the busy chart but I tried to analyze it completely for you 🙏. Polkadot Analyze ( DOTUSDT ) Timeframe Daily ⏰ (Log Scale) Location 🌊: Polkadot has passed its 5 impulsive waves and now it is running on the corrective structure . if I want to say exactly about the location of Polkadot, it is moving in microwave C of Main wave A . The structure of microwave C of Main wave A can be Ending Expanding Diagonal . 🔅 Classic Patterns of Technical Analysis : If I want to analyze Polkadot with Classic Patterns of Technical Analysis, you can see the Head and Shoulder Pattern that Polkadot was able to break its Necking Line and now it is pulling back to Necking Line. Where is the End of Main wave A ❗️❓ 🎯 Target 1 🎯: 13.2$ unti 12.8$ 🎯 Target 2 🎯: 11.2$ unti 10.2$ 🔴 Resistance Zones 🔴 & 🟢 Support Zones 🟢 that we have in front of Polkadot . 🔴 Resistance zones on Polkadot's way : 🔴 Resistance zone : 54$ until 49$ (Resistance + Cluster of Fibs) 🔴 Heavy Resistance zone : 42.2$ until 37.8$ (Resistance + Cluster of Fibs) 🔴 Resistance zone : 29.6$ until 28.3$ (Resistance + Cluster of Fibs +Yearly Pivot Point) 🔴 Heavy Resistance zone : 24.6$ until 23.2$ (Resistance + Cluster of Fibs + Necking Line + SMA50+ Resistance Line) 🟢 Support zones on Polkadot's way : 🟢 Support zone :17.3$ until 15.6$ (Support + Cluster of Fibs) 🟢 Support zone : 13.2$ unti 12.8$ (Support + Cluster of Fibs +🎯Target 1🎯) 🟢 Support zone : 11.2$ until 10.2$ (Support + Cluster of Fibs + Head and Shoulder's Target +🎯Target 2🎯) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
9
What if $DOT has just completed the very first wave in its cycleI really like Polkadot and its solid way of building the ecosystem step by step. In the previous post, I did assume $DOT would move the Elliot Ending Diagonal with the BTC's downtrend. But in this post, I make a new idea in long term for this token in case BTC has finished the downtrend and will keep the bull run this year. I realize the big channel between the peaks and dips, $DOT could be seemed to just complete the running flat correction in the first wave in its cycle. If this idea comes true, how big the next wave will be large? But at least in short term, I will hold and stick to the Fib Retracement levels. If you agree with this idea, please give me a like and share it. Thank you NFA
by binhdangme
LONG Ethereum AND Polkadot on 1 hr ChartPreviously I posted a SHORT Bitcoin chart based off 1 hr TF. For the exact same reasoning I used there I have enetered LONG on $ETH, $DOT, $BTC. Tight BB squeeze on 1 hr chart but what looked like CMF (Chaikin Money Flow) showing money coming OUT of these assets. But lately over last day these 1 hr candles now show money flowing IN. I have reversed my positions in $BTC and gone LONG. Similarly, the $ETH and $DOT charts looks the same with even more accumulation. Ethereum: Entry @ $2975.64 Polkadot: Entry @ $20.95
COINBASE:ETHUSDLong
by eganon69
4
Polkadot don't give up-Do you remember last dip (May-July) ? i posted analysis and found the perfect bottom at 10$. ( i will post it in comments ) - So this time imho it's not the same because alts are almost bottomed already. - This graph is a bit messy but you can see clearly demands zones. - The difficulty is not to find where we go but when we go. ------------------------------------------------------------------ Trading Plan ------------------------------------------------------------------ Buy : 24$-25$ ish Rebuy : 20$ ish ------------------------------------------------------------------ Tp are unchanged from my last analysis TP1 : 75$ ish (161.8%) TP2 : 100$ ish (216.8%) ------------------------------------------------------------------ Believe in Polkadot because to be a part of Parachain, Projects have to buy more DOT, Polkadot is poised to go up with time. if you didn't take the train in July. You get another opportunity right now. As always follow TheKing movements for safety! Happy Tr4Ding !
KRAKEN:DOTUSDLong
by thecryer
14