Polkadot bullish ahead of KSM parachain auction (+40 to 125%!)

Polkadot has seen a very strong correction since its ATH of exactly one month ago... Currently DOT is way underpriced compared to other alt coins in the market and with the Kusama parachain auctions coming on Tuesday, we will see bullish news and price action.

DOT has found great support in the golden pocket and broke out of its triangle exactly like Kusama did; however DOT didn't make a real move just yet. Given, DOT can also be used to bid on KSM parachains and it means the start of the DOT ecosystem I believe we will see a new rally and potentially take out the ATH - which is the break breakout target. Remember governance / utility tokens like DOT rally due to adoption and ecosystem - and the Kusama parachain launch is the start of it all. DOT prints similar fractals as baby Ethereum; which by itself only really started pumping when the ETH mainnet was out and in full effect after its second upgrade. DOT is in a last retrace right now in order to rally the rest of the week! I believe some altcoins will see a big rebound and two in particular: Polkadot and brother Kusama. (given BTC is in its relief rally, check the BTC and KSM post linked below for more info)

IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.

Comment:

DOT has found support on the 50 EMA on the 1 hour chart and will be listed today on Coinbase Pro. Lets see what happens... pump or sell the news? I cant imagine this wont do any good for DOT but we are still in a bear market so we need to be careful. If we hold support around the 50 EMA, we are looking bullish:

Comment:

DOT is breaking out, Coinbase listing at 9.00 am PT. (less than 2 hours from now)

Comment:

BTC too bearish for ay coin to survive, even SOL dumped back regardless of the Coinbase Pro listing... Bulls in a bear market dont go well together...