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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: 5127182 pip
Closed trade(s): 2636927 pip Profit
Open trade(s): 2490255 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.
TP2 @ 30.84715 touched at 2020.08.10 with 902119 pip Profit.
TP3 @ 34.50000 touched at 2020.08.11 with 1267404 pip Profit.
467404 + 902119 + 1267404 = 2636927 pip

Open Profit:
Profit for one trade is 24.59291(current price) - 21.82596(open price) = 276695 pip
9 trade(s) still open, therefore total profit for open trade(s) is 276695 x 9 = 2490255 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.
DateOctober 11, 2020 - 21:03
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 21.71710, resumption of uptrend is expected.
  • We make sure when the resistance at 26.50000 breaks.
  • If the support at 21.71710 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • While the RSI resistance #2 at 55 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 23.02750 on 10/07/2020, so more gains maximum to Major Resistance (26.50000) 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 46.

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
History
Daily-Trading-Opportunities on IOTABIT.