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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: 10113 pip (412%)
Closed trade(s): 1763 pip Profit (72%)
Open trade(s): 8350 pip Profit (340%)

Trade Setup:
We opened 13 BUY trade(s) @ 0.2474 based on 'Hammer' entry method at 2020.11.05.

Closed Profit:
TP1 @ 0.2835 touched at 2020.11.21 with 361 pip Profit (15%).
TP2 @ 0.3010 touched at 2020.11.21 with 536 pip Profit (22%).
TP3 @ 0.3340 touched at 2020.11.22 with 866 pip Profit (35%).
361 (15%) + 536 (22%) + 866 (35%) = 1763 pip (72%)

Open Profit:
Profit for one trade is 0.3309(current price) - 0.2474(open price) = 835 pip (34%)
10 trade(s) still open, therefore total profit for open trade(s) is 835 (34%) x 10 = 8350 pip (340%)

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 0.2835 is broken, we will close open trades.

DateNovember 22, 2020 - 22:33
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 0.2835 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 0.2835 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 0.2255 on 11/04/2020, so more gains to resistance(s) 0.3340, 0.3685, 0.4280 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 73.

Take Profits:

  1. 0.2835
  2. 0.3010
  3. 0.3340
  4. 0.3685
  5. 0.4280
  6. 0.5535
  7. 0.6470
  8. 0.7920
  9. 0.9265
  10. 1.1550
  11. 1.7435
  12. 2.6930
Click on the level to view price action history.

Symbol Released Current Forecast
IOTA (IOTAUSD) Wed, 13 Jan 2021
IOTA (IOTAUSD) free Wed, 6 Jan 2021
IOTA (IOTAUSD) Mon, 21 Dec 2020
IOTA (IOTAUSD) Tue, 8 Dec 2020
IOTA (IOTAUSD) Tue, 1 Dec 2020