Polkadot 2.0 for KRAKEN:DOTUSD by thecryer

– Trading Altcoins is like that, it’s really hard to predict a perfect bottom with a new project.

– it’s much more easy with BTC because TheKing volumes are high and it stays around from many years already.

– Remember that Trading is trying to predict the future by looking at the past, more you have data from past, more the job is easier.

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– A bit FA here :

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– Polkadot did the same as Cardano’s first bullrun, it went back to the start.

( i will post a Cardano Charts in comments )

– Actually it’s not a sign of weakness, but an opportunity.

– Polkadot didn’t make noise just because they want to build steady following some SEC rules.

– Now if you follow the news, you can find that Cardano, Polygon and Near Protocol are building on Polkadot’s SDK, DYOR it more to get some more informations.

– With time Polkadot could be the mother of all blockchains connections and interoperability.

– Remember what they had to do with ETH when problems came around, they forked it for ETC ( Ethereum Classic ).

– Polkadot doesn’t need any FORKs, everything can be changed by votes in the governance.

– The difference between DOT and ETH is very simple.

– Polkadot is scalable, Ethereum is not.

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– Trading Parts :

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– So Right now look at the graphic.

– DOT made a bottom around 3.60$. The exact same bottom it did in 2020.

– DOT is actually staying near a demand zone (6$).

– i do not recommend to buy now but wait for a retracement or a breakout from this area.

– To get peace of mind i would buy DOT after 8$, after that zone, it’s a free fly!

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My predictions on DOT for the next bullrun are unchanged :

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– Security TP : 85$ ish

– Middle TP : 140$ ish

– Max ATH : 220$ ish

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– if you missed to become a Whale with ETH in 2016.

– Here yours second chance with Polkadot.

– Stay S4fe

Happy Tr4Ding !