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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup

#IOTABIT
Total Profit: 10488481 pip (553%)
Closed trade(s): 2342451 pip Profit (123%)
Open trade(s): 8146030 pip Profit (430%)

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%).
TP3 @ 30.84715 touched at 2021.03.23 with 1185807 pip Profit (62%).
405552 (21%) + 751092 (40%) + 1185807 (62%) = 2342451 pip (123%)

Open Profit:
Profit for one trade is 35.28114(current price) - 18.98908(open price) = 1629206 pip (86%)
5 trade(s) still open, therefore total profit for open trade(s) is 1629206 (86%) x 5 = 8146030 pip (430%)

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.
  • If the Midterm level 21.68610 is broken, we will close open trades.

DateApril 11, 2021 - 00:10
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 21.68610, beginning of uptrend is expected.
  • We make sure when the resistance at 36.97810 breaks.
  • If the support at 21.68610 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 21.68610 is broken.

Technical analysis:

  • A trough is formed in daily chart at 24.76250 on 03/31/2021, so more gains maximum to Major Resistance (36.97810) 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 75.

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) Tue, 4 May 2021
IOTA / BIT (IOTABIT) Mon, 26 Apr 2021
IOTA / BIT (IOTABIT) Sat, 17 Apr 2021
IOTA / BIT (IOTABIT) free Sun, 11 Apr 2021
IOTA / BIT (IOTABIT) Sun, 4 Apr 2021