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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: -6456888 pip (-344%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -6456888 pip Profit (-344%)

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 10.91797(current price) - 18.98908(open price) = -807111 pip (-43%)
8 trade(s) still open, therefore total profit for open trade(s) is -807111 (-43%) x 8 = -6456888 pip (-344%)

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.

DateJanuary 13, 2021 - 20:01
Currentdowntrend
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 7.97120, beginning of uptrend is expected.
  • We make sure when the resistance at 15.34000 breaks.
  • If the support at 7.97120 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 trough is formed in daily chart at 8.75036 on 01/08/2021, so more gains to resistance(s) 13.78500 and maximum to Major Resistance (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 46.

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, 21 Feb 2021
IOTA / BIT (IOTABIT) free Sun, 7 Feb 2021
IOTA / BIT (IOTABIT) Sun, 31 Jan 2021
IOTA / BIT (IOTABIT) Wed, 13 Jan 2021
IOTA / BIT (IOTABIT) Tue, 5 Jan 2021