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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup

#IOTABIT
Total Profit: 9234638 pip (430%)
Closed trade(s): 5880332 pip Profit (274%)
Open trade(s): 3354306 pip Profit (156%)

Trade Setup:
We opened 8 BUY trade(s) @ 21.53628 based on 'Valley' entry method at 2021.07.31.

Closed Profit:
TP1 @ 23.04460 touched at 2021.08.11 with 150832 pip Profit (7%).
TP2 @ 26.50000 touched at 2021.09.02 with 496372 pip Profit (23%).
TP3 @ 30.06690 touched at 2021.09.02 with 853062 pip Profit (40%).
TP4 @ 32.33440 touched at 2021.09.03 with 1079812 pip Profit (50%).
TP5 @ 36.95930 touched at 2021.09.04 with 1542302 pip Profit (72%).
TP6 @ 39.11580 touched at 2021.09.04 with 1757952 pip Profit (82%).
150832 (7%) + 496372 (23%) + 853062 (40%) + 1079812 (50%) + 1542302 (72%) + 1757952 (82%) = 5880332 pip (274%)

Open Profit:
Profit for one trade is 38.30781(current price) - 21.53628(open price) = 1677153 pip (78%)
2 trade(s) still open, therefore total profit for open trade(s) is 1677153 (78%) x 2 = 3354306 pip (156%)

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 26.50000 is broken, we will close open trades.
DateSeptember 4, 2021 - 21:08
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 26.50000 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 26.50000 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 21.02685 on 2021-06-22 and the trough at 19.2288 on 2021-07-21, the probability of downtrend continuation is decreased and the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 20.10785 on 08/27/2021, so more gains to resistance(s) 39.11580, 43.65195, 52.27000 and more heights 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 82.

Take Profits:

  1. 23.04460
  2. 26.50000
  3. 30.06690
  4. 32.33440
  5. 36.95930
  6. 39.11580
  7. 43.65195
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.