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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: -16434 pip
Closed trade(s): 0 pip Profit
Open trade(s): -16434 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 0.3334 based on 'Valley' entry method at 2020.02.11.

Open Profit:
Profit for one trade is 0.1840(current price) - 0.3334(open price) = -1494 pip
11 trade(s) still open, therefore total profit for open trade(s) is -1494 x 11 = -16434 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.

DateMay 3, 2020 - 14:20
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.0755, resumption of uptrend is expected.
  • We make sure when the resistance at 0.3685 breaks.
  • If the support at 0.0755 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
  • A trough is formed in daily chart at 0.1455 on 04/20/2020, so more gains to resistance(s) 0.1855, 0.2195, 0.2375 and maximum to Major Resistance (0.3685) 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 60.

Take Profits:

  1. 0.3685
  2. 0.4075
  3. 0.4535
  4. 0.5535
  5. 0.6470
  6. 0.7920
  7. 0.9265
  8. 1.1550
  9. 1.7435
  10. 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