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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: 2788761 pip
Closed trade(s): 2788761 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 13 BUY trade(s) @ 21.82596 based on 'Valley' entry method at 2020.03.27.

Closed Profit:
TP1 @ 23.34430 touched at 2020.04.07 with 151834 pip Profit.
TP2 @ 26.50000 touched at 2020.06.04 with 467404 pip Profit.
TP3 @ 30.84715 touched at 2020.08.10 with 902119 pip Profit.
TP4 @ 34.50000 touched at 2020.08.11 with 1267404 pip Profit.
151834 + 467404 + 902119 + 1267404 = 2788761 pip

9 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateNovember 1, 2020 - 20:18
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 18.10005, beginning of uptrend is expected.
  • We make sure when the resistance at 26.50000 breaks.
  • If the support at 18.10005 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 25.57000 on 10/13/2020, so more losses minimum to Major Support (18.10005) 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 19.

Supports and Resistances:

  1. 450.20000
  2. 285.90000
  3. 235.50000
  4. 184.93950
  5. 114.00000
  6. 82.80000
  7. 59.60000
  8. 39.11580
  9. 34.50000
  10. 30.84715
  11. 26.50000
  12. 23.34430
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.