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Weekly forecast Polkadot technical chart
Symbol DOTUSD
Trade Setup

#DOTUSD
Total Profit: 1832 point (236%)
Closed trade(s): 204 point Profit
Open trade(s): 1628 point Profit

Trade Setup:
We opened 13 BUY trades @ 7.68 based on 'Valley' entry method at 2022-07-27.

Closed Profit:
TP1 @ 8.20 touched at 2022-07-29 with 52 point Profit. (7%)
TP2 @ 9.20 touched at 2022-07-31 with 152 point Profit. (20%)
52 (7%) + 152 (20%) = 204 point (27%)

Open Profit:
Profit for one BUY trade is 9.16(current price) - 7.68(open price) = 148 point (19%)
11 trade(s) still open, therefore total profit for open trade(s) is 148 (19%) x 11 = 1628 point (209%)

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.

DateAugust 14, 2022 - 14:59
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.000, beginning of uptrend is expected.
  • We make sure when the resistance at 10.750 breaks.
  • If the support at 6.000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 15.83 on 2022-01-24 and the trough at 14.05 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 6.50 on 07/26/2022, so more gains to resistance(s) 9.20 and maximum to Major Resistance (10.75) 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 59.

Take Profits:

  1. 8.20
  2. 9.20
  3. 10.75
  4. 14.15
  5. 17.00
  6. 20.60
  7. 23.25
  8. 27.79
  9. 32.80
  10. 39.00
  11. 45.00
  12. 55.00
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