DOT in a strong bull trend, more investors will join along with

9 thg 11, 2021

DOTUSDT
DOT in a strong bull trend, more investors will join along with the parachain auction and development
1. DOT is in a bull channel now, emas are all in uptrend parallel. Bears won't expect a major trend reversal at this moment, will only scalp from pull back.
2. DOT almost complets a perfect ABCD pattern from Jul 21; It also reach the measurement move target M1 and M2. So, any bearish price action may trigger some swing bulls to take profit.
3. On Nov 5, Polkadot's first parachain had been added, parachain auction is also started. I believe more parachain development will attract more long term investors.
4. As a conclusion, some short term trader may take profit, which makes DOT pause in the uptrend. After price retest channel bottom or ema 20 or integer level 50.0, more bulls will join in.