As we saw on our previous analysis (28 oct), Polkadot were accumulating under its previous ATH and we talked about the high odds of polkadot breaking it.
Today, we saw that the all time high has been broken on a daily tf, with strong volume and successfully retested as a support. With this successfull breakout + flip of the previous resistance into support, we can expect some further growth on polkadot.
On the fundamentals part, polkadot is having the Parachains auctions these days, many companies are competing in those auctions in order to win the use of a Parachain for 96 weeks ... These events will bring lights to the polkadot ecosystem and bring some strong volume into it as the chart is showing !
100 USD is my first psychological target for polkadot !
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio
Today, we saw that the all time high has been broken on a daily tf, with strong volume and successfully retested as a support. With this successfull breakout + flip of the previous resistance into support, we can expect some further growth on polkadot.
On the fundamentals part, polkadot is having the Parachains auctions these days, many companies are competing in those auctions in order to win the use of a Parachain for 96 weeks ... These events will bring lights to the polkadot ecosystem and bring some strong volume into it as the chart is showing !
100 USD is my first psychological target for polkadot !
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio