Stop Loss (SL)
SL = 21.50 usd (10.16%)
Take Profit (TP)
Target 1 = 26.00 usd (8.60% - Fibo 0.6128)
Target 2 = 28.00 usd (16.80% - Fibo 1.000)
Target 3 = 32.00 usd (33.00% - Fibo 1.618)
As we can see in the chart the cryptocurrency ADA (Cardano) since 12/23/2020 shows an upward trend in prices and through based on
1) Theory of Charles Dow
2) Canal (light blue)
4) Price position in relation to - ( 17, 72, 200)
5) Targets (arrow blue)
This asset has strong technical indications that in the coming months, it may be possible that the price will reach the target of USD 32.00 per unit.
According to the principle of Charles Down Trends Persist Until a Clear Reversal Occurs
This is not a recommendation to purchase only an analysis based on indicators.
█ EXTEND YOUR KNOWLEDGE
(1) What are DOT?
DOT is the native token of the Polkadot network in a similar way that BTC is the native token of Bitcoin or ether is the native token of the Ethereum blockchain. The smallest unit of account in a Substrate network (Polkadot, Kusama, etc.) is the Planck (a reference to Planck Length, the smallest possible distance in the physical Universe). You can compare the Planck to satoshis or wei, while the DOT is like a bitcoin or an ether. Kusama tokens ( KSM ) are equal to 1e12 Planck, and Polkadot mainnet DOT are equal to 1e10 Planck.
(2)What are the uses of DOT?
DOT serve three key functions in Polkadot:
to be used for governance of the network,
to be staked for operation of the network,
to be bonded to connect a chain to Polkadot as a parachain.
DOT can also serve ancillary functions by virtue of being a transferrable token. For example, DOT stored in the Treasury can be sent to teams working on relevant projects for the Polkadot network.
(3) What is Polkadot?
Any type of data across any type of blockchain
Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains.
This means Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible.
Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains.
This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For instance, a school's private, permissioned academic records chain could send proof to a degree-verification smart contract on a public chain.
Source: Polkadot Home