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Weekly forecast Polkadot technical chart
Symbol DOTUSD

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Trade Setup

#DOTUSDT
Total Profit: 0 pip (0%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 10 BUY trade(s) @ 12.318 based on 'Valley' entry method at 2021.07.21.

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 21, 2021 - 20:25
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.370, beginning of uptrend is expected.
  • We make sure when the resistance at 27.070 breaks.
  • If the support at 6.370 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 13.695 on 2021-05-22 and the trough at 10.375 on 2021-07-20, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 10.50 on 07/20/2021, so more gains to resistance(s) 14.68, 17.11, 19.55 and maximum to Major Resistance (27.07) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 37.

Take Profits:

  1. 14.68
  2. 17.11
  3. 19.55
  4. 21.59
  5. 27.07
  6. 31.38
  7. 34.44
  8. 39.57
  9. 49.79
Click on the level to view price action history.

Symbol Released Current Forecast
Polkadot (DOTUSD) free Sun, 24 Mar 2024
Polkadot (DOTUSD) free Sun, 17 Mar 2024
Polkadot (DOTUSD) Sun, 17 Mar 2024
Polkadot (DOTUSD) free Sun, 10 Mar 2024
Polkadot (DOTUSD) Sun, 3 Mar 2024