CheckDot CDT/USD
Updated
Possible great buy zone for CheckDot for long term hold. This insurance projects marketcap is ONLY 1,4 Million. I think this project is vastly underated. I'm looking for 20-100x for this hold in a few years. Patience is needed.
If price breaks the 200EMA zone, I'll take my calculated risk and wait for next big opportunity around 13 cents OR buy back if price gets back on top of the 200EMA zone.
As long as we have a DEFI which is has crazy amount of hacks, insurance will play a big part I believe.
Last year 2022 investors lost 3,8 BILLION due to crypto hacking.. That's a ridiculous amount.
Remember as this is a really small marketcap crypto it is quite illiquid.
Lets also check few things from weekly and monthly charts
If price breaks the 200EMA zone, I'll take my calculated risk and wait for next big opportunity around 13 cents OR buy back if price gets back on top of the 200EMA zone.
As long as we have a DEFI which is has crazy amount of hacks, insurance will play a big part I believe.
Last year 2022 investors lost 3,8 BILLION due to crypto hacking.. That's a ridiculous amount.
Remember as this is a really small marketcap crypto it is quite illiquid.
Lets also check few things from weekly and monthly charts
Note
.618 Fibonacci levelNote
Lower area of possible demand zone for a monthly timeframe Bull FlagNote
Remember there is no certainty. Only risk/reward.If you like my analyses give a like for it, or a tweet.
-PalenTrade
Note
Since the analysis. CheckDot has had a quite nice bounce (~25%).Lets see if we get to .26-.27c area and maybe reject from there (key level and 10EMA on weekly, which did work as support before).
I would like to add some position if we get a pullback to .18-.19c area again. OFC with good Risk Management!
Note
CDT Updated on twitter! "Great place for entry?" Monthly chart and on previously proven support
Text on X:
Here's some alpha
Great place for
CDT if you are interested in #degen plays with splendid entry 🚀Marketcap 3.5 Million.
FDV 4.8 Million
Max potential 100x
On a monthly chart!
-10EMA showing support once again.
-Break and Retest big timeframe
-0.786 Retracement from last leg up to highs
#AI and #insurance play.
I think this project is vastly undervalued
Note
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