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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: 3846 pip
Closed trade(s): 1092 pip Profit
Open trade(s): 2754 pip Profit

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

Closed Profit:
TP1 @ 0.3685 touched at 2020.08.11 with 351 pip Profit.
TP2 @ 0.4075 touched at 2020.08.14 with 741 pip Profit.
351 + 741 = 1092 pip

Open Profit:
Profit for one trade is 0.3640(current price) - 0.3334(open price) = 306 pip
9 trade(s) still open, therefore total profit for open trade(s) is 306 x 9 = 2754 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.
  • If the Midterm level 0.3340 is broken, we will close open trades.

DateAugust 31, 2020 - 21:23
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.3340 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 0.3340 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.3193 on 08/26/2020, so more gains to resistance(s) 0.3685, 0.4075, 0.4535 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 52.

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