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Weekly forecast Polkadot technical chart
Symbol DOTUSD

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Trade Setup

#DOTUSDT
Total Profit: 116840 pip (947%)
Closed trade(s): 38395 pip Profit (312%)
Open trade(s): 78445 pip Profit (635%)

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%).
TP2 @ 17.110 touched at 2021.08.01 with 4792 pip Profit (39%).
TP3 @ 19.545 touched at 2021.08.01 with 7227 pip Profit (59%).
TP4 @ 21.585 touched at 2021.08.07 with 9267 pip Profit (75%).
TP5 @ 27.070 touched at 2021.08.17 with 14752 pip Profit (120%).
2357 (19%) + 4792 (39%) + 7227 (59%) + 9267 (75%) + 14752 (120%) = 38395 pip (312%)

Open Profit:
Profit for one trade is 28.007(current price) - 12.318(open price) = 15689 pip (127%)
5 trade(s) still open, therefore total profit for open trade(s) is 15689 (127%) x 5 = 78445 pip (635%)

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.
  • If the Midterm level 14.675 is broken, we will close open trades.
DateAugust 21, 2021 - 11:52
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 14.675 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 14.675 is broken.

Technical analysis:

  • A trough is formed in daily chart at 10.675 on 07/21/2021, so more gains to resistance(s) 31.380, 34.435, 39.565 and more heights 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 79.

Take Profits:

  1. 14.675
  2. 17.110
  3. 19.545
  4. 21.585
  5. 27.070
  6. 31.380
  7. 34.435
  8. 39.565
  9. 49.785
Click on the level to view price action history.
Symbol Released Current Forecast
Polkadot (DOTUSD) Sun, 14 Apr 2024
Polkadot (DOTUSD) Sun, 7 Apr 2024
Polkadot (DOTUSD) Sun, 31 Mar 2024
Polkadot (DOTUSD) free Sun, 24 Mar 2024
Polkadot (DOTUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on DOTUSD.