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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: -1546296 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1546296 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 21.82596 based on 'Valley' entry method at 2020.03.27.

Open Profit:
Profit for one trade is 20.53738(current price) - 21.82596(open price) = -128858 pip
12 trade(s) still open, therefore total profit for open trade(s) is -128858 x 12 = -1546296 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.

DateMay 10, 2020 - 14:02
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 18.20995, beginning of uptrend is expected.
  • We make sure when the resistance at 39.11580 breaks.
  • If the support at 18.20995 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 18.29715 on 05/07/2020, so more gains to resistance(s) 20.90000, 21.71610, 26.50000 and maximum to Major Resistance (39.11580) 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 45.

Take Profits:

  1. 26.50000
  2. 30.84715
  3. 34.50000
  4. 39.11580
  5. 59.60000
  6. 82.80000
  7. 114.00000
  8. 184.93950
  9. 235.50000
  10. 285.90000
  11. 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