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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: 5142346 pip
Closed trade(s): 0 pip Profit
Open trade(s): 5142346 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 28.08906 based on 'Valley' entry method at 2020.01.18.

Open Profit:
Profit for one trade is 32.76392(current price) - 28.08906(open price) = 467486 pip
11 trade(s) still open, therefore total profit for open trade(s) is 467486 x 11 = 5142346 pip

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 2, 2020 - 17:57
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 20.90000, beginning of uptrend is expected.
  • We make sure when the resistance at 40.90000 breaks.
  • If the support at 20.90000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 20.97000 on 12/25/2019, so more gains to resistance(s) 34.50000 and maximum to Major Resistance (40.90000) 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 75.

Take Profits:

  1. 34.50000
  2. 40.90000
  3. 59.60000
  4. 82.80000
  5. 114.00000
  6. 152.10000
  7. 185.20000
  8. 235.50000
  9. 285.90000
  10. 450.20000
Click on the level to view price action history.
Symbol Released Current Forecast
IOTA / BIT (IOTABIT) Sun, 20 Mar 2022
IOTA / BIT (IOTABIT) Tue, 15 Mar 2022
IOTA / BIT (IOTABIT) Mon, 7 Mar 2022
IOTA / BIT (IOTABIT) Sun, 27 Feb 2022
IOTA / BIT (IOTABIT) Sun, 27 Feb 2022
History
Daily-Trading-Opportunities on IOTABIT.