The price of polkadot broke through a key resistance level as things ramp up in advance of the parachain auctions, which is basically just projects vying for the right to launch on polkadot as there will be limited slots.
Price Breakout...
Looking at the daily chart above you can see the supply/resistance area marked by the purple box.
The 29 area had several reversal bottoms back in April and May before breaking down at which point that area become resistance as evidence by the failed attempt to break it in June and in mid August.
Then this price pump came and it pushed not only past 29, but above 31 which represented the high side of the supply area (as there was plenty of price action spikes there).
Now upside potential is near 40 and then the all time highs. Price is extended from the 10 day moving average at the moment so a little consolidation would not be the worst thing before further gains.
Either way, positive price breakout for DOT.
Posted Using LeoFinance Beta
I'm yet to be convinced that Polkadot will be a true Ethereum competitor.
But from a price action point of view, it looks like we timed creating our Polkadot (DOT) guide perfectly!
PS. Would you be down with including a link to our evergreen guides under relevant anchor text whenever you make your analysis posts?
For example, just linking to our guide under the word 'Polygon' here?
Would be a huge help for just an extra 2 seconds work each post you make.
Posted Using LeoFinance Beta
I think that Polkadot still needs more development to be noticed, as well as Binance smart chain, there will be a good way for polkadot too.
Posted Using LeoFinance Beta
I will look at your guides and include links with my posts.
Posted Using LeoFinance Beta
That would be a huge help :)
Posted Using LeoFinance Beta
Dot is back at it again.
The altcoins momentum has taken
another level where if BTC reaches $100k by year end.
It will not be alone to push the whole marketcap by $3 trillion.
!BEER
Posted Using LeoFinance Beta
I didn't know that. Limiting slots for projects which want to run on Polkadot... Is that their way to attempt to control scalability issues?
Posted Using LeoFinance Beta
According to your image dot has broke out of the line,but wait for retest and it will continue on it bullish trend.
Thanks for update
Posted Using LeoFinance Beta
I was looking at this one and had accumulated a couple hundred shares, but sold it during the last down turn to preserve my gains, then haven't gone back in as I tried to maximize my Cub stake. Looks like a good buy though...I know nealmcspadden says buy enough to matter, but maybe just a little DOT... :)
Posted Using LeoFinance Beta
View or trade
BEER.Hey @scaredycatguide, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.