DOT
Long
Updated

DOT: TA Looking Really Bullish before Parachain Auctions

494
DOT: Looking very bullish after establishing the higher low and breaking out of the downtrend line currently - look for the retest into the purple box zone to ladder your big buys if you haven't bought into DOT yet

DOT is launching parachains any day and when it does EVERYONE will be talking about it. DOT feels eerily similar to ETH when ETH was trading at $20 in 2017 before their major technological awakening.

The only difference is that DOT is lightyears ahead in terms of tech with a TPS in the range of 100k scaling to 1M as more parachains rollout all on their native blockchain without layering solutions! It really is a revolutionary change in technology.

This is currently the project I'm the most bullish on atm - do not miss this opportunity - you are getting a buy of a lifetime here at a discount.

Once news of parachains and the auctions schedule hits the wires - DOT will head quickly back to its ATH at $50... in the following days and weeks as they actually launch the auctions - DOT will head to $80

Technicals

DOT is looking really strong here after the established higher low and is gearing up for a trendline break which is yet another bullish momentum to carry it further to the upside. Lastly we are about to get a bullish cross in the MACDs and combined with the fundamental news - this couldn't be a better time to buy imho.
Note
I'm live right now on youtube

youtu.be/ukTIvoMlnVM
Note
If you haven't bought yet - I'd already be DCA'ing into DOT if I were you - TAs are setting up for a very bullish month in June
Note
DOT could be staging a new rally towards $50 after a monthly dip to $13

Polkadot seems to have amassed buy signals suggesting a bullish phase to $50 is on the way.

finbold.com/polkadot-dot-staging-new-rally/
Note
Live again:

youtu.be/BwQAKglNBsI
Note
Picking up DOT b/w $21 and $22.20 is a great area to add to your positions

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.