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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: -20004 pip
Closed trade(s): 0 pip Profit
Open trade(s): -20004 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 0.1609(current price) - 0.3276(open price) = -1667 pip
12 trade(s) still open, therefore total profit for open trade(s) is -1667 x 12 = -20004 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.
DateDecember 30, 2019 - 14:10
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.1400, beginning of uptrend is expected.
  • We make sure when the resistance at 0.3160 breaks.
  • If the support at 0.1400 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.1480 on 12/18/2019, so more gains to resistance(s) 0.1855, 0.2375, 0.2580 and maximum to Major Resistance (0.3160) 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 34.

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
History
Daily-Trading-Opportunities on IOTAUSD.