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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: -10846 pip
Closed trade(s): 0 pip Profit
Open trade(s): -10846 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 0.2348(current price) - 0.3334(open price) = -986 pip
11 trade(s) still open, therefore total profit for open trade(s) is -986 x 11 = -10846 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 31, 2020 - 13:51
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0755, beginning of uptrend is expected.
  • We make sure when the resistance at 0.2580 breaks.
  • If the support at 0.0755 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.1880 on 05/26/2020, so more gains to resistance(s) 0.2375 and maximum to Major Resistance (0.2580) 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 72.

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