DOT : Up now or fall further down ? Everything depends on the overall market - BTC/ETH still.
it can go up because RSI still not overbought
and also can go down (more possibility) with bearish divergence
.
I'm buying the coin so I did the analysis.. but this one is still on decision..
I may DCA it . or wait for some more confirmation signals
.
Trade safe, always place the stop loss
Feel free to feedback/ comment
Mil
DOTUSD.P trade ideas
DOT: Pontem Network Dev Activity Increasing FB DiemBy now if you've been reading my content you will know that PolkaDot and FaceBook Diem have some interoperability as Pontem Network is building a bridge b/w PolkaDot and FB Diem to allow interoperability between the two ventures.
Diem will be a stablecoin that allows one to interact digitally with USD, Euros, Yen, GBP, etc and also a composite digital coin called DX that will weight each global currency in a basket. Diem has not announced yet what that basket will look like but it will probably mirror something pretty close to the IMF's SDR (Special Drawing Rights) which was actually originally defined as 0.888671 grams of fine gold.
Pontem Network Github Activity
At any rate, developer activity on Pontem is now picking up as registered by number of Github events. The number of events has really begun to tick up in 2022 which means we are likely to see FacebBook announce the launch of Diem soon (Q1 2022?). It was originally slated for year-end 2021 but considering FB is waiting for regulatory approval from the US Treasury which has already been green-lighted by Yellen verbally, we should hear some more chatter in the coming days/weeks from the Fed and Treasury regarding Diem's approval (which is going to happen, just a matter of when). The fact the github events are increasing in frequency though tells us that we are likely approaching that key date. At any rate, so far devs can already begin creating dApps for Diem using PolkaDot's substrate since Pontem is the network designed to use the same protocol language as Diem (Move). To see the dev activity, check out the chart in the below link.
Pontem already is officially named as a PolkaDot auction contender on Parachains.info website:
parachains.info
Also, Pontem has been given a Web3 Foundation grant which means it is a serious project building on PolkaDot if it's given this sort of preference to help speed development.
Lastly, the 16 investors backing Pontem are the best in the industry and unsurprisingly so considering how much impact Pontem will have connecting DOT and Diem - list below (see the list in the above link):
Alameda Research
NGC Ventures
Kenetic
Altonomy
Animoca Brands
AU21 Capital
CMS Holdings
Delphi Ventures
GBV
GIBC
Mechanism Capital
Momentum 6
Morningstar Ventures
ROK Capital
Spartan
Taureon
With that said, it's my opinion that DOT has bottomed using the modified pitchfork and is now on its way to new ATHs. I think we will see triple digits in DOT by Q2 2022. Fib timezones suggest end of February could be an integral date to watch - I think we hit a new ATH by end of Feb, heading into March as we begin hearing more about FB Diem and as more Parachains launch and the current parachains begin producingng more dApps like Acala and Moonbeam. Exciting times for DOT
DOT is undervalued; $221 4.236 Fib extension potentialReasons DOT is now undervalued:
1. Trendline support since Sep 202 was hit on 1/10/22 at the $22.20 bottom.
2. ABC wave (4) correction since 5/10/21 is probably finished at the $22.20 bottom.
3. 4.236 Fib extension potential of the intermediate waves (2), (3), and (4) is $221.40, about 8x the current price.
4. ATH of $56.22 should be obliterated in minor wave 3 of intermedate wave (5) in a few months.
DOT how long will the SALE last?DOT has great potential. Watch this trendline. Stacking now may be wise, DOT may make a powerful impulse once that trendline is cleared.
DOT has retested the $22 support multiple times. these lower level may not last much longer. H&S ended at neckline. Now DOT goes up
Good Luck
Polkadot: Ready to Go Downhill 🎿We’ve connected the dots for Polkadot and established our forecast: Polkadot develops a new interim low by falling below the support at $25.3272. In our opinion, this confirms further downward movement toward $10.3759 and into the magenta-colored area between $10.8195 and $5.7131, where wave (c) in blue should end. Only after reaching this zone should the price go up for longer periods.
However, there is a 25% chance that the price could rise earlier and, after hitting the support line at $50.5587, ascend further still.
#DOTUSDT (Watchlist) 12/21#DOT showing a chance for H&S pattern, which means holding above this support and rebound will give it a good chance to retest $35/40 and complete Right shoulder
The analysis will fail if DOT closed below support daily or BTC back below $45K again!
#ADA maybe worth it to add this coin to your Watchlist. 👀
(Share it with your friends)
Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!!
Ps:
we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, borrowing, and lending, etc.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to make your own research and follow risk management.
The Cryptocurrency market is very volatile and involves gains and losses, so know very well what you are heading towards before engaging in it.
The information we mentioned here is a personal effort so it subject to success or failure.
Good luck to All.
🙏we ask Allah reconcile and repay🙏