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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: 8895120 pip
Closed trade(s): 467404 pip Profit
Open trade(s): 8427716 pip Profit

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

Closed Profit:
TP1 @ 26.50000 touched at 2020.06.04 with 467404 pip Profit.

Open Profit:
Profit for one trade is 29.48752(current price) - 21.82596(open price) = 766156 pip
11 trade(s) still open, therefore total profit for open trade(s) is 766156 x 11 = 8427716 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.

DateAugust 10, 2020 - 13:55
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 20.92130 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 26.57075 on 2020-06-04 and the peak at 29.71725 on 2020-07-23, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 23.35000 on 07/27/2020, so more gains to resistance(s) 30.84715, 34.50000, 39.11580 and more heights 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 65.

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