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Crypto Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
Polkadot (CRYPTO:DOTUSD)
Crossroads (-60) - DOTUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DOTUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DOTUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DOTUSD
The long-term trend has been UP since Nov 9th, 2023 at 5.2170
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 9.2195
The short-term trend has been DOWN since Apr 25th, 2024 at 7.4950
Smart Scan Analysis for DOTUSD
Based on our trend formula, DOTUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.4510 | 6.9095 | 6.9095 | 6.8035 | +0.3525 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.4510 | 2024-05-01 17:32:19 |