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Weekly forecast Polkadot technical chart
Symbol DOTUSD

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Trade Setup

#DOTUSDT
Total Profit: 39212 pip (316%)
Closed trade(s): 2357 pip Profit (19%)
Open trade(s): 36855 pip Profit (297%)

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

Closed Profit:
TP1 @ 14.675 touched at 2021.07.26 with 2357 pip Profit (19%).

Open Profit:
Profit for one trade is 16.413(current price) - 12.318(open price) = 4095 pip (33%)
9 trade(s) still open, therefore total profit for open trade(s) is 4095 (33%) x 9 = 36855 pip (297%)

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 31, 2021 - 13:11
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:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • There is a divergence in RSI and price between the trough at 13.64 on 2021-05-23 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.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 10.68 on 07/21/2021, so more gains to resistance(s) 17.11, 19.55, 21.59 and maximum to Major Resistance (27.07) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 60.

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) new free Sun, 17 Mar 2024
Polkadot (DOTUSD) new Sun, 17 Mar 2024
Polkadot (DOTUSD) free Sun, 10 Mar 2024
Polkadot (DOTUSD) Sun, 3 Mar 2024
Polkadot (DOTUSD) free Sat, 24 Feb 2024