In the previous livestream I uploaded earlier today, I spoke about how if DOT closed above $23 on a Daily TF that it would be bullish for future price action - the reason being is that we had a higher TF daily close on February 8th at the $23 level.
We are trading inside the Golden Pocket currently and will have a bullish cross in the daily MACDs in the next 24 hours - additional bullish confirmation for DOT. Our immediate next PT will be $28 then $31.
Once we start closing above the EMA ribbons on a daily timeframe - it's see ya later alligator time in DOT.
Lastly, we are 1 step away from the auctions going live on the DOT parachains. We will likely hear something in the next 48-72 hours regarding this most intriguing update and once the 7 day unstake period is announced, auctions will go live and we'll see DOT head into Price Discovery mode.
We are trading inside the Golden Pocket currently and will have a bullish cross in the daily MACDs in the next 24 hours - additional bullish confirmation for DOT. Our immediate next PT will be $28 then $31.
Once we start closing above the EMA ribbons on a daily timeframe - it's see ya later alligator time in DOT.
Lastly, we are 1 step away from the auctions going live on the DOT parachains. We will likely hear something in the next 48-72 hours regarding this most intriguing update and once the 7 day unstake period is announced, auctions will go live and we'll see DOT head into Price Discovery mode.
Note
This daily candle close is a significant Higher TF support as DOT closed Feb 8th at $23 and launched to $50 over the next 12 days!Note
Picking up DOT b/w $21 and $22.20 is a great area to add to your positionsNote
Update on timing with the first Auction to go Live on 
DOT coming much sooner than you think!!!! Article after article I see on DOT seems to think the 1st auction on DOT will go live at the end of 2021... this is not true - it's going live in June - hence why this is the best risk to reward in the market atm :) As you know Kusama will be first to launch parachains then once stable and the first 5 auctions launch on Kusama (DOT's sister network), the first parachain auction will go live on
DOT in June:reddit.com/r/Polkadot/comments/npjvmc/when_are_the_parachains_auctions/
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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.