$DOTECO/USDT 1h (Binance Futures) Ascending channel on support

Jan 25, 2021

DotEco (Polkadot Ecosystem) was launched 5 days ago and I think it will continue upwards at least short-term.

Current Price= 1085.2
Buy Entry= 1082.9 - 1068.3

Jan 25, 2021

Note

More info about #DotEco Composite Index

The underlying asset of the DOTECO Composite Index perpetual contract consists of a basket of Polkadot Ecosystem protocol tokens listed on Binance.
The index price is calculated using weighted averages of real-time prices of the tokens on Binance and is denominated in USDT.

As of today, KSM (Kusama) is leading the pack with around 55% dominance, then comes REEF (ReefFinance) ~22.3%, AKRO (Akropolis) ~13.5% and DOCK (Dock) ~9.2%!
binance.com/en/support/faq/619b8baa275a43f69a6c02eb16df07b3

You can see updated weights here on "Component Info" tab under the chart:
binance.com/en/futures/funding-history/3?contract=DOTECOUSDT

Jan 25, 2021

Trade active

All entries filled

So far support is holding, time to look up now DotEco 🤞🏼