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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateNovember 8, 2020 - 22:56
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 15.34310, beginning of uptrend is expected.
  • We make sure when the resistance at 18.84860 breaks.
  • If the support at 15.34310 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 14 and it prevented price from more losses.
  • While the RSI downtrend #2 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 (15.34310) 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 24.

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.