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Weekly forecast Polkadot technical chart
Symbol DOTUSD
Trade Setup

#DOTUSDT
Total Profit: 17367 pip (1410%)
Closed trade(s): 14432 pip Profit (1172%)
Open trade(s): 2935 pip Profit (238%)

Trade Setup:
We opened 10 BUY trade(s) @ 12.32 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 14.70 touched at 2021.07.26 with 238 pip Profit (19%).
TP2 @ 17.10 touched at 2021.08.01 with 478 pip Profit (39%).
TP3 @ 19.55 touched at 2021.08.01 with 723 pip Profit (59%).
TP4 @ 21.60 touched at 2021.08.07 with 928 pip Profit (75%).
TP5 @ 27.05 touched at 2021.08.17 with 1473 pip Profit (120%).
TP6 @ 31.40 touched at 2021.08.31 with 1908 pip Profit (155%).
TP7 @ 34.45 touched at 2021.09.05 with 2213 pip Profit (180%).
TP8 @ 39.55 touched at 2021.10.13 with 2723 pip Profit (221%).
TP9 @ 49.80 touched at 2021.11.01 with 3748 pip Profit (304%).
238 (19%) + 478 (39%) + 723 (59%) + 928 (75%) + 1473 (120%) + 1908 (155%) + 2213 (180%) + 2723 (221%) + 3748 (304%) = 14432 pip (1172%)

Open Profit:
Profit for one trade is 41.67(current price) - 12.32(open price) = 2935 pip (238%)
1 trade(s) still open, therefore total profit for open trade(s) is 2935 (238%) x 1 = 2935 pip (238%)

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 37.520 is broken, we will close open trades.

DateNovember 22, 2021 - 00:07
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 37.520, resumption of uptrend is expected.
  • We make sure when the resistance at 55.000 breaks.
  • If the support at 37.520 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 37.520 is broken.

Technical analysis:

  • While the RSI support #1 at 41 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 37.550 on 11/18/2021, so more gains to resistance(s) 45.900, 49.800 and maximum to Major Resistance (55.000) 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 45.

Take Profits:

  1. 14.700
  2. 17.100
  3. 19.550
  4. 21.600
  5. 27.050
  6. 31.400
  7. 34.450
  8. 39.550
  9. 49.800
Click on the level to view price action history.

Symbol Released Current Forecast
Polkadot (DOTUSD) new Mon, 24 Jan 2022
Polkadot (DOTUSD) Thu, 30 Dec 2021
Polkadot (DOTUSD) Sun, 12 Dec 2021
Polkadot (DOTUSD) Thu, 2 Dec 2021
Polkadot (DOTUSD) free Mon, 22 Nov 2021