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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: 4429044 pip (235%)
Closed trade(s): 1156644 pip Profit (61%)
Open trade(s): 3272400 pip Profit (174%)

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

Closed Profit:
TP1 @ 23.04460 touched at 2021.02.11 with 405552 pip Profit (21%).
TP2 @ 26.50000 touched at 2021.02.11 with 751092 pip Profit (40%).
405552 (21%) + 751092 (40%) = 1156644 pip (61%)

Open Profit:
Profit for one trade is 24.44308(current price) - 18.98908(open price) = 545400 pip (29%)
6 trade(s) still open, therefore total profit for open trade(s) is 545400 (29%) x 6 = 3272400 pip (174%)

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.

DateFebruary 21, 2021 - 19:42
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 18.84860, beginning of uptrend is expected.
  • We make sure when the resistance at 36.97810 breaks.
  • If the support at 18.84860 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 30.13000 on 02/18/2021, so more losses to support(s) 23.04460, 20.86445 and minimum to Major Support (18.84860) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 61.

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) new Sun, 11 Apr 2021
IOTA / BIT (IOTABIT) Sun, 4 Apr 2021
IOTA / BIT (IOTABIT) Tue, 23 Mar 2021
IOTA / BIT (IOTABIT) free Thu, 4 Mar 2021
IOTA / BIT (IOTABIT) Sun, 21 Feb 2021