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DOT-USDT

DOTUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in a 4-hour time frame. As you see, the price has been able to break its resistance line with power and fluctuate above it. At the moment, we speculate the trend to move towards the target with a slight drop in price and pullback again. But if it drops below the support line and stabilizes, we expect to enter a downtrend. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
Long
by MarsSignals
DOTUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. As you can see, the price is fluctuating close to our support line. We expect the price to touch our support line and move up. If it does not go below the support line and can be stabilized above the support line, it can reach our resistance line. Of course, it is possible that the price will move towards our resistance from these ranges, and in case of failure and stabilization above the resistance line, it can move towards the 48 $ target. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
by MarsSignals
SHORT DOT/USDT: PULLBACK EXPECTED AS SEPTEMBER APPROACHES...The live Polkadot price today is $30,03 USD with a 24-hour trading volume of $4.530.304.994 USD, - 0,57% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $29.659.850.662 USD. On daily time frame the price just tested the key level of $31 level and it got rejected. When this key level will be broken, it can signify the beginning of a strong bullish pattern. Since the bullish hammer candle has formed at the end on July, the asset has been in a medium-term uptrend, as clearly highlighted in the graph by the black line. As we can see, the price consistently moved to the upside, finding resistance on the higher level of Keltner channel till 21 Aug, when it then suffered a pullback to the EMA level of the channel. Starting 26 AUG the moving average of the channel acted as strong support, immediately pushing back the price above $28.8 (previous resistance) up to $31. Now with the beginning of September (historically a bearish month) I expect a general market correction that will push back the price to test previous support levels. Moreover, RSI index is now cooling down after being overbought and MACD crossed over the trend line, all signals of a probable price retracement . Historically, whenever the price reached overbought level, RSI immediately suffered a pullback to 58 level, and if broken, 51 level. For these reasons I suggest opening a short position . Personally I expect the asset to test $31 level again and therefore reach the entry point highlighted in the graph, for latter moving to the downside, so for low risk trade you should wait for confirmation. As for the targets, personally I expect the asset to reach $23 level where it can find lot of support and pressure from buyers, therefore it can suffer a rapid pump to the upper level of the Keltner channel again. For this reasons I would set the targets up to $23 level and later see if the price is confirming the bearish trend or reversal will occur. POSITION: LONG ENTRY PRICE: > 31$ TARGETS: 28.8 / 26.8 / 24.5 / 23. 4 / 20.9 / 17.3 STOPLOSS: $34 PLEASE NOTE THIS IS NOT FINANCIAL ADVICE.
Short
by vf_investment
3
What are Stablecoins? Which is the best Stablecoin?If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: In this educational post, we attempt to dig deeper into the world of Stablecoins. We have broken down the post into 3 parts where we discuss: What are stablecoins and why do they exist? Difference between USDT, USDC and DAI Which is the best Stablecoin? What are Stablecoins and why do they exist? Stablecoins are cryptocurrencies that are pegged to the US Dollar. (Pegging refers to fixed or tied). Stablecoins are essentially the backbone of the cryptocurrency trading universe. In a world of high volatility, the Stablecoins ensure that the value of money doesn’t change drastically. tablecoinsIn this post, we will discuss the 3 different most used Stablecoins: USDT issued by the company Tether USDC run jointly by Circle and Coinbase DAI, fully decentralized P.S. This is a non-exhaustive list. And more Stablecoins will likely be added over time. USDT or Tetherus USDT is one of the most talked about Stablecoins. As of today, it’s market capitalization is third largest among cryptos, after Bitcoin and Ethereum. It speaks about the popularity and the liquidity of USDT. It is widely used as trading pairs such as BTCUSDT, ALGOUSDT, ETHUSDT etc. FYI, USDT is issued by a company called Tether, based out of Hong Kong. The company claims that the price of USDT will always remain at one US Dollar, as each new coin minted is backed by an equivalent amount of cash or assets being added to the company’s reserves. USDC or USD Coin USDC is run by a joint partnership between Circle and Coinbase. One key difference between USDT and USDC is that USDC is based on the Ethereum network. It came into existence to be used for DeFi or Decentralized Finance applications DAI DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization. The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time new DAI is minted. Which is the best Stablecoin Although, there is no direct answer to this, different aspects can be considered to judge the usability of each coin. USDC is pegged 1:1 to the US dollar, held in reserve bank accounts, and is subject to regular attestations to ensure that it stays this way. This process mitigates the market risk from the currency. On the other hand, despite being hugely popular, the transparency with USDT remains questionable. To counter the transparency and centralization aspect, the Stablecoin DAI came into existence. To mint DAI, one has to deposit collateral with MakerDAO. Once the collateral has been deposited in Maker, the trader can generate a certain amount of DAI. Therefore, DAI appears to be the best Stablecoin in terms of decentralization, transparency and averse to market or liquidity risks. However, it will definitely take some time to catch up with the popularity of USDT. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
COINBASE:DAIUSDEducation
by Mudrex
6
DOTUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4-hour time frame. As you can see, the price could not get out of its previous channel from the top, and after breaking the channel, it started to fall towards its support, and after re-supporting, it started to move upwards. Currently the price inside the channel is fluctuating. If we leave the channel, we consider the price increase. If we get out of the channel and break the support, we consider more fall. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
by MarsSignals
2
DOT, Polkadot - we made retest. Time to buy?Dot broke out the resistance line and retested it. It's a good time to open a long position with SL lower than the last low. DON'T FORGET ABOUT RISK MANAGEMENT. The situation may change. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
9