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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: -5832 pip
Closed trade(s): 0 pip Profit
Open trade(s): -5832 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 0.3276 based on 'Valley' entry method at 2019.07.20.

Open Profit:
Profit for one trade is 0.2790(current price) - 0.3276(open price) = -486 pip
12 trade(s) still open, therefore total profit for open trade(s) is -486 x 12 = -5832 pip

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.

DateOctober 15, 2019 - 19:53
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.2065, beginning of uptrend is expected.
  • We make sure when the resistance at 0.3160 breaks.
  • If the support at 0.2065 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 trough is formed in daily chart at 0.2405 on 09/24/2019, so more gains maximum to Major Resistance (0.3160) 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 54.

Take Profits:

  1. 0.3340
  2. 0.3685
  3. 0.4075
  4. 0.4535
  5. 0.5260
  6. 0.6105
  7. 0.7920
  8. 0.9265
  9. 1.1550
  10. 1.7435
  11. 2.6930
Click on the level to view price action history.

Symbol Released Current Forecast
IOTA (IOTAUSD) free Mon, 2 Jan 2023
IOTA (IOTAUSD) Sun, 25 Dec 2022
IOTA (IOTAUSD) Mon, 5 Dec 2022
IOTA (IOTAUSD) Sun, 27 Nov 2022
IOTA (IOTAUSD) Mon, 21 Nov 2022