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Weekly forecast Polkadot technical chart
Symbol DOTUSD
Trade Setup

#DOTUSD
Total Profit: 0 point (0%)
Closed trade(s): 0 point Profit

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

13 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateFebruary 24, 2023 - 19:52
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 7.900 on 02/19/2023, so more losses to support(s) 5.880, 5.000 and minimum to Major Support (4.225) 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 49.

Supports and Resistances:

  1. 55.000
  2. 45.000
  3. 39.000
  4. 32.800
  5. 27.788
  6. 23.250
  7. 20.597
  8. 17.000
  9. 14.164
  10. 11.850
  11. 9.700
  12. 8.500
  13. 7.900
  14. 5.880
  15. 5.000
  16. 4.225
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