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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: -4546992 pip (-240%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -4546992 pip Profit (-240%)

Trade Setup:
We opened 8 BUY trade(s) @ 18.98908 based on 'Valley' entry method at 2020.11.25.

Open Profit:
Profit for one trade is 13.30534(current price) - 18.98908(open price) = -568374 pip (-30%)
8 trade(s) still open, therefore total profit for open trade(s) is -568374 (-30%) x 8 = -4546992 pip (-240%)

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.

DateDecember 21, 2020 - 20:01
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • 23.04460 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 23.04460 on 11/24/2020, so more losses minimum to Trend Hunter Buy Zone (17.39390 to 15.34000) 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 30.

Take Profits:

  1. 23.04460
  2. 26.50000
  3. 30.84715
  4. 36.97810
  5. 59.60000
  6. 82.80000
  7. 116.83365
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