Polkadot (DOT) Price Analysis: Why All This FUD Could Be Bullish?

[00:00:00]Welcome back. Let's double check the Polkadot targets updates with my custom indicator set a few moments. Guys, what do you have to pay attention? Based on a sentiment. Now, you can see the level of thought lowest level, but it means we are in the fog zone. So, the crowd fearful below this line and based on this matrix like a crowd spread some fog.

[00:00:26]It was the formal zone, but once again, personal for me, what we see on the chart it's not a fog, it's a fact. So, we can delete it and people not spread a fog like fake information, some rumors, just a random misleading information. No, people just not satisfied with the price. That's why for me personally it's not a fog, it's more more like a fear of crowd and the angry of the crowd because they are Polkadots do nothing in the last years.

[00:01:06]And the Gavin Wood, no matter what Gavin Wood's uh shill or share some something good about Polkadots, this is a fact.

[00:01:16]My target still in play, still relevant.

[00:01:19]I'm still waiting some recover back on dot in the next upcoming years. All only of course if the token will be still exist on centralized exchanges and do not rebrand the token because you know, when the coin go down, uh sometimes the projects like to make some rebranding to erase the previous charts, right? And they run the fresh new one like so. Now it's a good one, so take a look. This is a fresh charts without all these bearish candles. It happened with the FTM. Now, they rebrand to Sonic as coin. And to Om EOS and it's it's it's won't help.

[00:02:00]Anyway, that's why I would like to show you the also interesting data and it's kind of bad data because uh daily active users.

[00:02:09]I understand that Polkadot community is so big and there are a lot of supporters, but you could see here daily active users since December somewhere before in the last 2 years the Gavin Wood share a lot of super upgrades for the Polkadot, but active users decline significantly.

[00:02:29]Right? So, nobody care about it at all, but it's not the worst the metric what I would like to show to. This one of metrics here uh this is daily active users chain transactions going to hell, right? All right, but this is not the worst one. Polkadot revenue.

[00:02:45]Guys, only $1 revenue in Polkadot. How this uh project can even survive?

[00:02:52]How do they generate the money?

[00:02:54]They just dump their own token or or how? Polkadot fees.

[00:02:58]$1.20. Imagine in a one day the big chain like a Polkadot generate a $40 revenue.

[00:03:05]It's kind of strange. Personally, for me it's absolutely strange.

[00:03:09]Right.

[00:03:10]Uh based on the chart, guys, liquidation heat map on a one week time frame uh some key level is uh under now it's 957 9374 it's more than real to test. All right, let's go to the two weeks time frame and check the liquidation heat map levels. Of course, it doesn't mean we have to come back and grab that liquidity, but it's so attractive for the market makers. So, $93 it looks like a logical zone for the market makers to dump and uh bounce back to grab that liquidity before the upside move.

[00:03:44]If we zoom out on a monthly time frame, of course, the main liquidity is above.

[00:03:47]So, under I guess uh and I today I shared uh not today uh just a few days ago I shared um by seasonality the range of 10 days between the June 17th and June 27th, it's the worst worst uh time period in a year.

[00:04:07]Based on the just market seasonality, it's not about the crypto, just in general all markets.

[00:04:13]Right, so based on the chart, I don't think so. We're going to drop to the level of 63 cents. If we turn on just a fresh new indicator, uh cryptoflight bands, uh also there is no support, nothing.

[00:04:27]Just empty zone. That's why for me personally no makes sense to dump, uh and I showed you it's only on a Binance uh that level is visible. On other exchanges the dot not dump at that low.

[00:04:38]So everything okay. That's why for me personally the mid middle extreme zone at this current moment based on the bands indicator, it's uh this one like 85 cents and one on a daily 12-hour time frame, it's 89.

[00:04:55]I'll be not surprised guys if uh this weekend we going to test 89 cents and start climbing up uh higher in the next upcoming days.

[00:05:05]Uh where the that day trends, so if the 10 days it's the worst time period, so uh here um let me make like Come on, let's make like this one. So I guess it can be something like this boring drop even to 85.

[00:05:26]And after that we start climbing up to the higher targets to liquidate the everyone who like open short and short and short position. If we zoom out guys on the weekly time frame, the fair price of the dots, like you can see, it's $3.53. So we got a lot on here. Based on this indicator, we got a fundamental value. And uh take profit. Fundamental value of this coin is $1.80.

[00:05:49]Uh take profit line is $4.81, still in play. Uh based it on the bands, fair price, so it's a different algorithm, right? 353, we totally totally oversold.

[00:06:01]We are in a downtrend, volatility is 73 cents below the average by volume, no signal at this current moment. Signal in the buy buy, still in play, no signals to sell, so everything good. Uh monthly time frame, fair price of the dot is $8.47.

[00:06:16]Here's a whales accumulate the dot.

[00:06:19]Here's a one, two, December January accumulation, here's a accumulation in June. It's happened at just the third time in a history.

[00:06:28]So, just in case. So, now even if we drop below the 90 cents, guys, based it on a risk ratio, of course, now it's good time to take the chance to buy the dot. I'm not shill you the dot, I'm not shill any coin, but of course, based it on a risk reward, we can't drop forever down. The market makers make money while they trade it, the pump and dump, pump and dump. That's why be ready to catch that moment.

[00:06:55]And of course, you can accumulate at 95, if we drop by some miracle to the 50 cents, you can buy it again, and your average entry will be like 75.

[00:07:03]$1.50, you will have an initial deposit, zero risk, zero risk, and right to the top.

[00:07:10]So, uh 12 time frame, where we can stop? I guess we're going to stop it at 88. Four hours time frame, uh this one. So, 89. So, everything showing us that in the next upcoming days, like a week and we can see the test of dot under the 90 cents.

[00:07:28]That's it.

[00:07:29]I got to add alerts to the, you know, support support line. Highly recommend it to do the same inner support.

[00:07:37]This one.

[00:07:38]And uh track it. On four hours time frame here was a signal to buy, no signal to sell.

[00:07:43]Guys, highly recommend you, by the way, use this set and write me DM, just your trading your handle. I will open a test totally for free for full set. Market mood, guys, of course, we are in capitulation zone. This is disbelief on a fourteens frame, twelves frame it's disbelief, day time frame it's disbelief, weekly time frame it's capitulation.

[00:08:03]Based on a risk ratio, guys, now it's a good time to buy.

[00:08:06]Take a look then on ARKX, for example, we not see this week under the sixteens hand, so uh, technically, two weeks ago, at the beginning of June, we hit the new historical all-time low.

[00:08:22]So, uh, last year I showed you on the BTC, also what I posted yesterday, in 2020, not last year, in 2022, we hit the all-time low if we exclude a FTX scam, uh, June 18th.

[00:08:40]Maybe the history repeat.

[00:08:41]So, I hope it was the all-time low.

[00:08:45]This one at June 6th.

[00:08:49]And will not drop it lower. If we will, um, maybe I'm going to try to open a long.

[00:08:55]But, I going to add alerts, also just by price, around here and wait.

[00:09:01]Write this in the comment what do you think about the dot. If you like to trade with my set, just totally for free for test, just write me DM. See you next time.