- Okay now that we got the Bottom ( 4.3$ ish). - We can try to calculate the highest points for the next bull run. - i am not in patterns too much but we can see that DOT formed a kind of Cypher Bullish Pattern.
- A resistance was created around 9.80-10$. - So Polkadot will have to go retest this zone and breakout to climb more.
-------------------------------------------------------------------------------------------------- - TP Zones : -------------------------------------------------------------------------------------------------- - TP1 : 50$ ish (ATH 2021). - TP2 : 85$ ish (161.8 Fibo). - TP3 : 200$ ish (Max Fibo 423.6). --------------------------------------------------------------------------------------------------
- Like Always : -- Take your train ticket before the mass. -- Sell when others rush to buy :D.
Happy Tr4Ding !
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Check this post to see clearly Bottom Zone :
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Older Analysis :
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Just to make it clear. this trend is going to January 2025.
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Dom
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TF-3D Div.
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i answered a question in the comments section by @CrimsonPanda and thanks for asking it!, i think it's really important to make the difference between DOT and ETH. Remember also that my answer is only my own vision! :
Do you believe DOT can outperform its peers? Last cycle it was very disappointing, even ETH was performing better. I really wonder your idea about DOT's next bull potential. I kinda started shift my focus other big boys rather than DOT. Also thanks for the updates.
i will try to answer my best mate but it would take a day to speak about the differences between DOT and ETH. In terms of technical features, Polkadot uses a more advanced consensus mechanism called GRANDPA, which is designed to reduce network latency and improve transaction finality, Polkadot aims to be a more scalable and interoperable platform. From a matter of price, we cannot compare DOT and ETH, Ethereum has been around longer and has a much larger user and developer base, Ethereum is seen as a pioneer in the smart contract, peoples had no choice at that time and adopted it. imo the big problem with ETH is that anyone can create a token with few bucks and create a quick scam, to my eyes ETH is a nest of scams, just look right now how many MEME scams tokens are made on ERC20 base. in contrast, if a project wants to develop on Polkadot, it needs to be built on parachains, first Rococo, then Kusuma and finally, Polkadot, it costs a lot of money and time for a project team to come in Polkadot ecosystem. Polkadot have strong technical fundamentals, from a technical standpoint, and to answer shortly your question, Polkadot have a number of unique features that make it stand out among its peers and his price will follow with time. i hope it helps ! Cheers mate!
Do you believe DOT can outperform its peers? Last cycle it was very disappointing, even ETH was performing better. I really wonder your idea about DOT's next bull potential. I kinda started shift my focus other big boys rather than DOT. Also thanks for the updates.
thecryer
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@CrimsonPanda, i will try to answer my best mate but it would take a day to speak about the differences between DOT and ETH. In terms of technical features, Polkadot uses a more advanced consensus mechanism called GRANDPA, which is designed to reduce network latency and improve transaction finality, Polkadot aims to be a more scalable and interoperable platform. From a matter of price, we cannot compare DOT and ETH, Ethereum has been around longer and has a much larger user and developer base, Ethereum is seen as a pioneer in the smart contract, peoples had no choice at that time and adopted it. imo the big problem with ETH is that anyone can create a token with few bucks and create a quick scam, to my eyes ETH is a nest of scams, just look right now how many MEME scams tokens are made on ERC20 base. in contrast, if a project wants to develop on Polkadot, it needs to be built on parachains, first Rococo, then Kusuma and finally, Polkadot, it costs a lot of money and time for a project team to come in Polkadot ecosystem. Polkadot have strong technical fundamentals, from a technical standpoint, and to answer shortly your question, Polkadot have a number of unique features that make it stand out among its peers and his price will follow with time. i hope it helps ! Cheers mate!
CrimsonPanda
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@thecryer, thanks for the answer mate. actually I didn't compare eth and dot from a technical pov, atom vs dot would be better in that sense. I like Gavin Wood and that's why I invested on Dot but roi was disappointing. I said even eth performed better cus it was harder to move eth than dot if you look at their mcaps, dmcaps and supplies. Yeah Dot's focus is interoperability but it is like Cardano, Algorand and so on considered as a high mcap alt and expected a similar performance. If you look at Cardano you can see roi was amazing. I think 5 times better than Dot. I'm hesitant to invest on Dot, just because I believe Ada and Avax has better potential to give me a better roi. This belief is based on hype not technicals. I don't know if it makes sense for you what I'm saying but wanted to share. Again thanks for your time for the detailed answer. Chees!
thecryer
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@CrimsonPanda, you are very welcome! all opinions matter and i am glad we share our points of view!. Those projects anyway are still young and didn't unleash their full power, i don't see Cosmos as a Polkadot concurent, they could be complementary with time. Cardano is more advanced, i see it more as a Blockchain 3.0 . Avax and Algorand, i'am not enough familiar with those projects to give an honest opinion. Cheers bro!
HayeTrading
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Hmm this is looking like a nice buy opportunity now, cheers 👍
thecryer
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@HayeTrading, possible but be careful BTC moves also. Altcoins just follow usually. Cheers mate.