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Weekly forecast Polkadot technical chart
Symbol DOTUSD

Trading suggestion:

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

DateMarch 25, 2023 - 12:36
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:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 5.150 on 03/10/2023, so more gains to resistance(s) 7.900, 8.500 and maximum to Major Resistance (9.700) 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 47.

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. 5.150
  16. 4.225
Click on the level to view price action history.

Symbol Released Current Forecast
Polkadot (DOTUSD) free Sat, 24 Feb 2024
Polkadot (DOTUSD) Mon, 19 Feb 2024
Polkadot (DOTUSD) Sun, 11 Feb 2024
Polkadot (DOTUSD) free Sun, 4 Feb 2024
Polkadot (DOTUSD) Sun, 28 Jan 2024