My Parabolic Dream
Good morning Ladies and Gentlemen from all around the globe, I trust all is well in your universe. Rather than discuss my position on XRP, Ripple, the SEC and those gutless swine at Coinbase, I thought I would look at one of my favorite currencies, DOT. Apart from the technical analysis, I really like the asset (despite the name) for what the organization is doing in the blockchain world.
Now that we are seeing institutional investors investing in the crypto universe, we will start to see the evaluation of coins and tokens more like an investment in a company (stock) and the evaluation of what the organization is doing and its practicality in the real world. I think that DOT will be a significant player in the block chain world and a wise investment right now.
If you take a look at DOT in the long term daily, weekly and monthly charts you will see that it has risen from the basement and is now climbing upwards in a beautiful parabolic fashion. Another log. regression chart with bands would useful to determine when it is over valued and it’s price projection into the future.
You may also care to take a look at REEF, another project from the DOT eco-system. This would be an interesting early look at a new and emerging coin in it's early stages. I believe that the Binance exchange was responsible for its hatching. Too early to tell right now though, ass I believe this project will begin to show public life in Q1 of 2021.
See you in a year.
Ward Weaire
Toronto, Canada
dec. 30, 2020
10:46 am
Good morning Ladies and Gentlemen from all around the globe, I trust all is well in your universe. Rather than discuss my position on XRP, Ripple, the SEC and those gutless swine at Coinbase, I thought I would look at one of my favorite currencies, DOT. Apart from the technical analysis, I really like the asset (despite the name) for what the organization is doing in the blockchain world.
Now that we are seeing institutional investors investing in the crypto universe, we will start to see the evaluation of coins and tokens more like an investment in a company (stock) and the evaluation of what the organization is doing and its practicality in the real world. I think that DOT will be a significant player in the block chain world and a wise investment right now.
If you take a look at DOT in the long term daily, weekly and monthly charts you will see that it has risen from the basement and is now climbing upwards in a beautiful parabolic fashion. Another log. regression chart with bands would useful to determine when it is over valued and it’s price projection into the future.
You may also care to take a look at REEF, another project from the DOT eco-system. This would be an interesting early look at a new and emerging coin in it's early stages. I believe that the Binance exchange was responsible for its hatching. Too early to tell right now though, ass I believe this project will begin to show public life in Q1 of 2021.
See you in a year.
Ward Weaire
Toronto, Canada
dec. 30, 2020
10:46 am