DOT has conquered the $20 zone and is consolidating around it before rallying to the $24 and $30 zone this August. But if in the next few days DOT loses the $20 zone, it will fall back to the $16 zone

📈RED PLAN
🔴Buy : 19.5-20.5$. SL if B 🔴Buy : 23.4-24.6$ if A. SL if B
📉BLUE PLAN
🔴Sell : 23.4-24.6$. SL if A 🔴Sell : 29.3-30.7$. SL if A
🟣PURPLE PLAN
🔵Sell : 19.5-20.5$ if B. SL if A 🔵Buy : 15.6-16.4$. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Polkadot facilitates cross-chain communication and interoperability by connecting multiple blockchains into one unified network.
  • Polkadot's infrastructure includes the Relay Chain, the Parachains, and the Bridges.
    • The Relay Chain is the central chain of the Polkadot network. All validators of Polkadot are staked on the Relay Chain.
    • The Parachains are parallel chains that connect to the Relay chain and are maintained by their validators, called collators.
    • The Bridges are special blockchains that allow Parachains to connect to and communicate with external networks like Ethereum and Bitcoin.
  • Polkadot uses DOT tokens for operating on its network. DOT serves multiple purposes such as:
    • Governance: where participants can manage protocol updates and fixes.
    • Staking: where the tokens are staked to ensure the network remains secure, as good validators are rewarded, and bad actors lose their stake. 
    • Bonding: where new parachains are supported by bonding tokens.
    • Fees: for ferrying messages across parachains.
  • Based on Polkadot’s first stakeholder vote, all DOT tokens will be redenominated by a factor of 100 at block 1,248,328, estimated to occur at 2020/08/21 4:40 PM (UTC). To support the redenomination plan, all DOT deposits made to Binance after block 1,205,128 will be multiplied by a coefficient of 100. For example, if a user deposits 10 DOT, he/she will be credited with 1,000 DOT to his/her account.