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Weekly forecast Polkadot technical chart
Symbol DOTUSD
Trade Setup

#DOTUSD
Total Profit: -7397 point (-91%)
Closed trade(s): 0 point Profit
Open trade(s): -7397 point Profit

Trade Setup:
We opened 13 BUY trades @ 7.75 based on 'Valley' entry method at 2022-09-09.

Open Profit:
Profit for one BUY trade is 7.181(current price) - 7.75(open price) = -569 point (-7%)
13 trade(s) still open, therefore total profit for open trade(s) is -569 (-7%) x 13 = -7397 point (-91%)

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.
DateFebruary 17, 2023 - 17:23
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 4.225, beginning of uptrend is expected.
  • We make sure when the resistance at 9.700 breaks.
  • If the support at 4.225 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 5.880 on 02/13/2023, so more gains to resistance(s) 7.788, 8.500 and maximum to Major Resistance (9.700) 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 63.

Take Profits:

  1. 8.500
  2. 9.700
  3. 11.850
  4. 14.164
  5. 17.000
  6. 20.597
  7. 23.250
  8. 27.788
  9. 32.800
  10. 39.000
  11. 45.000
  12. 55.000
Click on the level to view price action history.
Symbol Released Current Forecast
Polkadot (DOTUSD) new 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.