Polkadot DOT Bullish Case 2021 Bullrun
WHY DOT
- I believe we are entering the part of the bull run where market cap takes precedence over other analysis.
- I believe Dot is in a perfect place at 35B entering the super cycle.
- Dot gets compared to ETH very often.
- ETH & DOT have one important thing in common from one another... TIME
- ETH launched right before the last bull run. DOT launched right before this bull run.
- Only draw back is that DOT is unavailable on Coinbase.
- The risk/ reward on DOT is that it can pull a run just like ETH did. I am willing to take that chance.
- The use case is solid and has a lot of potential.
- Can Dot reach 100B or even 300B this bull run? I don't think that is too crazy.
- I will be posting analysis of other low cap alts that have a chance at great success right now in this phase. Comment in below for discussion & like if you liked.
CHART ANALYSIS
- I was told to further explain my charts.
- Above on the graph I have a very basic pennant drawn. What makes this pennant unique is that its been holding structure for 3 months straight.
- Each time the price has touched in the green circle, price has bounced into discovery. Not to mention it also holding the same moving average ADA has... bullish
- Below I have the MACD. MACD is showing a bullish cross with significant upward buying preasure.
- Regular RSI is in the middle. It shows where exactly the coin is in volatility. In this case RSI has formed a bullish support band. Has long has we stay above this band price should go into discovery. The higher the more volatility which is good in bull markets.
- Below, the Stoch RSI. It show very short term price action direction. Very dependable in entering a position. The goal here would to have the Stoch RSI float high as the regular RSI picks up.
The TA & pumpology is strong with DOT. Very excited to see how it performs this year. A quality Alt coin that deserves to mentioned with ETH ADA VET
- I believe we are entering the part of the bull run where market cap takes precedence over other analysis.
- I believe Dot is in a perfect place at 35B entering the super cycle.
- Dot gets compared to ETH very often.
- ETH & DOT have one important thing in common from one another... TIME
- ETH launched right before the last bull run. DOT launched right before this bull run.
- Only draw back is that DOT is unavailable on Coinbase.
- The risk/ reward on DOT is that it can pull a run just like ETH did. I am willing to take that chance.
- The use case is solid and has a lot of potential.
- Can Dot reach 100B or even 300B this bull run? I don't think that is too crazy.
- I will be posting analysis of other low cap alts that have a chance at great success right now in this phase. Comment in below for discussion & like if you liked.
CHART ANALYSIS
- I was told to further explain my charts.
- Above on the graph I have a very basic pennant drawn. What makes this pennant unique is that its been holding structure for 3 months straight.
- Each time the price has touched in the green circle, price has bounced into discovery. Not to mention it also holding the same moving average ADA has... bullish
- Below I have the MACD. MACD is showing a bullish cross with significant upward buying preasure.
- Regular RSI is in the middle. It shows where exactly the coin is in volatility. In this case RSI has formed a bullish support band. Has long has we stay above this band price should go into discovery. The higher the more volatility which is good in bull markets.
- Below, the Stoch RSI. It show very short term price action direction. Very dependable in entering a position. The goal here would to have the Stoch RSI float high as the regular RSI picks up.
The TA & pumpology is strong with DOT. Very excited to see how it performs this year. A quality Alt coin that deserves to mentioned with ETH ADA VET
Comment:
Long term hold. .382 level should defend. If not Dot will see minor capitulation.
Comment:
DOT moves with Bitcoin very closely. If BTC fails this rally. Likely scenario.
Comment:
ETH scenario.