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DOTUSD trade ideas

Chapter 1 of the DOT Story - Polkadot Parachains Polkadot is just really getting started. Today the parachains were announced and the PA reacted instantly. A famous saying goes "show me the charts, I'll tell you the news". Well right at the end of a near perfect cup n' handle, parachains were announced. Coincidence? Fibonacci? Random word to sound smart yet mystic-like? Whether you buy in now or the retest around $37-$40, this is your choice. But 5-10 years down the line when 1 DOT token will be valued over $10,000, you are not going to care whether you bought the retest or not. $10,000 how? Simple. Polkadot is a layer 0 solution. It is naturally going to solve every other blockchain's problems of scalability vs speed vs decentralisation with its parachains. Don't be surprised if we see a Solana or an Ethereum bidding for a parachain someday to fix their own issues that won't be solved by their (dare I say) centralised base layers. If there is 1 token that will not only overtake ETH, but overtake BTC, I have my money on DOT. Assuming of course nothing drastic happens to their code. Why? DOT's utility is made to drive the price up. When the community are leasing DOT tokens for up to 2 years at a time - multiply that by 100 (for the number of parachains) and then add the fact there will be a large chunk put into staking for governance and, furthermore, DOT's that will be in corporations and countries' balance sheets/crypto reserves, what's left is a very little supply of DOTs left circulating for us. Let history remember this.
BINANCE:DOTUSDLong
by yas_btc_eth
5
DOT hitting a new all time highInformation: This is a blackckain system that allows both for data and for cryptotokens and t is build up on the based on the Nominated Proof of Stake consensus mode. What is particularly interesting about this blockchain is that it builds up a pathway to transfer information between different blochchains. Further development in this transfer system (parachains) would lead to interoperability which is something blockchains does not have in the present day. Position: Long Entry price: 35,66 Target price 1: 49,50 Target Price 2: 69,47 Target Price 3: 96,73 % gain: P1: 38% P2: 94% P3: 171% Indicators: MACD: The MACD indicator indicates that an upwards trend is starting and that there is bullish movement where the MACD line has passed the signal line and the histogram is opening. RSI: The RSI line is above 30 at 58,94 but below 70 which indicates that the token is moving forward at a high pace and there might be signs of the token being overbought. Keltner Channels: The Keltner channels is showing that the trend is going upwards. The price is at the higher channel and indicates on somewhat of a price strength. Fear and Greed: This indicator would indicate that the market has greedy investors and that the market is due for a correction. Analysis: The analysis indicated on bullish signals and a trending market and the general positive outlook with more positive mentions in social media showing that a long period is preferred. On the other hand does the Fear and Greed Index is showing a greedy investor climate, resulting in a consolidation period where there is a larger opportunity to make a significant trade. An argument to be made for doing this trade is that RSI showing stronger signals and MACD is showing strong bullish signals. This is not financial advice.
BINANCE:DOTUSDLong
by vf_investment