DOT has officially bottomed and is on a bullish trend towards the 200 Day SMA. You can see that the flag formation I drew a while ago has completed and I'm more confident the bottom of the entire wave 4 pullback in BTC is over.
DOT will head higher from here as the institutional interest is large and it already has smart contracts running on Shiden Network.
The first five parachains have launched on Kusama (DOT's sister network) and there is a fully functional DeFi platform via Karura ALREADY OUT and increasing TVL everyday!
I just did 2 posts within 24 hours about DOT = picture perfect. DOT had been beaten down, here it comes! It is still super discounted!
ich1baN
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@peterbhc, Nice! Will check them out. DOT is a monster lurking underneath... no one is pricing in the Diem impact yet!
umark1715
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what now... it's at 18.8
Should i buy it? and what should be my TP for august?
CaptainPieCard
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@umark1715, try taking a 20% profit at 20% increase, reinvest the 20% on a good dip. Or pocket it.
ich1baN
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@umark1715, Hey Umark was asleep while you wrote me. I'd try to get in on any dips. But tbh DOT typically trades at par with LINK and LINK right now is $23 so DOT will likely shoot higher sooner than later. Try Dollar Cost Averaging in on dips - buy some now as it will converge to LINK's price and then buy some more on any dip greater than 10%
Cirinho
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@ich1baN, has something of rational this or is only a coincidence?..because I have noticed in the past few months the same things!
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