ich1baN

DOT BULLISH NEWS and BULLISH TA - June/July PT $80

Long
BINANCE:DOTUSDT   DOT / TetherUS

DOT News on 6/1/2021

1) DOT ETP Launched in Europe on Swedish Stock Market (Grayscale is next)
https://cointelegraph.com/news/polkadot-etp-hits-swedish-stock-market

2) $USDT announces it will be first stablecoin launching on $DOT & $KSM ecosystems
https://tether.to/tether-usdt-to-launch-on-polkadot/

3) Westmine successful on DOT's shell parachain!
https://twitter.com/joepetrowski/status/1399789325756338176

4) Kusama upgrading shell to Statemine!
(Same link as above)

Conclusion

Considering that the first 5 auctions on Kusama will roll out every 7 days once the schedule is announced any day - we should see DOT rolling out its first parachain in July... which is amazing considering the best estimates had this pegged at year end for PolkaDot - this is a huge shift in expectations and not many are pricing this in just yet.

Technicals

We're getting a bullish MACD daily cross and the EMA ribbons on 4H are decidedly turning bullish as the 20 is crossing the 34 4H EMA right now as we speak! .... it's especially bullish b/c this is happening the same time that we are getting a bullish cross in the daily MACD .... next up will be the 20 EMA crossing the 55 and the 34 crossing above the 55... DOT is looking more amazing every day on TA and is aligning amazingly well with fundamentals - still not too late to buy.
Comment: Composable Finance raises $7M for cross-chain and cross-layer DeFi interoperability

"Composable Finance is seeking to enhance DeFi synchronicity via a two-pronged approach to interoperability on both Ethereum and Polkadot, with the latter forming a basis for further cross-chain interactions."

https://cointelegraph.com/news/composabl...

Comments

MACD daily has crossed green just now!
+2 Reply
ich1baN ttran123
@ttran123, You are right! And now it's in surging - should see some great upside in DOT in coming days :)
Reply
Bro 👊
+1 Reply
ich1baN peterbhc
@peterbhc, :)
Reply
Composable Finance raises $7M for cross-chain and cross-layer DeFi interoperability

"Composable Finance is seeking to enhance DeFi synchronicity via a two-pronged approach to interoperability on both Ethereum and Polkadot, with the latter forming a basis for further cross-chain interactions."

https://cointelegraph.com/news/composable-finance-raises-7m-for-cross-chain-and-cross-layer-defi-interoperability
Reply