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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup

#IOTABIT
Total Profit: 7681457 pip (406%)
Closed trade(s): 7681457 pip Profit (406%)
Open trade(s): 0 pip Profit (0%)

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%).
TP4 @ 36.97810 touched at 2021.04.16 with 1798902 pip Profit (95%).
405552 (21%) + 751092 (40%) + 1185807 (62%) + 1798902 (95%) = 4141353 pip (218%)

Closed Profit:
Profit for one trade is 27.83934(current price) - 18.98908(open price) = 885026 pip (47%)
4 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 885026 (47%) x 4 = 3540104 pip (188%)

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (17.39390 to 15.34000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (17.39390)
    • Resistance on 11/07/2020
    • Resistance on 11/08/2020
    • Support on 11/23/2020
    • Resistance on 12/07/2020
  • Ending of entry zone (15.34000)
    • Support on 11/05/2020
    • Support on 11/12/2020
    • Support on 11/13/2020
    • Support on 12/10/2020
    • Support on 12/13/2020
    • Support on 12/14/2020
    • Support on 12/15/2020
    • Support on 12/16/2020
    • Resistance on 02/06/2021
    • Resistance on 02/07/2021
DateMay 29, 2021 - 19:35
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 21.42640, resumption of uptrend is expected.
  • We make sure when the resistance at 36.97810 breaks.
  • If the support at 21.42640 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 32.33450 on 05/27/2021, so more losses to support(s) 26.50000, 23.04460 and minimum to Major Support (21.42640) 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 40.

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
History
Daily-Trading-Opportunities on IOTABIT.