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✳️Upcoming parachain auctions send Polkadot to new ATH💸💸
since the last year that I've analyzed DOT it has had more than 800 % return .
,but the bullish cycle hasn't finished yet .
🗓️11 Nov 2021 Parachain Auction event
The Polkadot network is a sharding, multichain protocol designed to facilitate cross-chain transfers of any data or asset type, and the project is focused on increasing interoperability between separate networks across the blockchain ecosystem.
The rising strength of DOT is largely due to the upcoming launch of parachain auctions on the Polkadot protocol. It’s likely that traders are looking at the success of the parachain auctions that took place on Polkadot’s sister network, Kusama, and expecting the same to occur for Polkadot.
coinmarketcaL - cointelegraph
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📉📈TECHNICAL ANALYSIS
As you can see in the weekly time frame for DOT/USDT, the price is trading around 51.7 $ right now.
The Polkadot has been rising in a bullish channel
And now we see that the recent weekly candlestick has been strong, which, if accompanied by a small volume, will increase the momentum of the upward movement.
EMA7 & EMA21 crossing up the EMA 55 , which shows an bullish signal .
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tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
✳️Upcoming parachain auctions send Polkadot to new ATH💸💸
since the last year that I've analyzed DOT it has had more than 800 % return .
🗓️11 Nov 2021 Parachain Auction event
The Polkadot network is a sharding, multichain protocol designed to facilitate cross-chain transfers of any data or asset type, and the project is focused on increasing interoperability between separate networks across the blockchain ecosystem.
The rising strength of DOT is largely due to the upcoming launch of parachain auctions on the Polkadot protocol. It’s likely that traders are looking at the success of the parachain auctions that took place on Polkadot’s sister network, Kusama, and expecting the same to occur for Polkadot.
coinmarketcaL - cointelegraph
------------------------------------------------------------------------------------------------------------------
📉📈TECHNICAL ANALYSIS
As you can see in the weekly time frame for DOT/USDT, the price is trading around 51.7 $ right now.
The Polkadot has been rising in a bullish channel
And now we see that the recent weekly candlestick has been strong, which, if accompanied by a small volume, will increase the momentum of the upward movement.
EMA7 & EMA21 crossing up the EMA 55 , which shows an bullish signal .
--------------------------------------------------------------------------------------------------------------------
tips:
💥(Note that most of my analysis on the weekly timeframe basis is more for long-term investment rather than short-term trading.)
🔰(Anyway, I highly recommend novice investors and traders to consider risk management and buying in a few steps) .
✳️(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
