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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: 9404 pip (378%)
Closed trade(s): 4780 pip Profit (194%)
Open trade(s): 4624 pip Profit (184%)

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%).
TP4 @ 0.3685 touched at 2020.11.24 with 1211 pip Profit (49%).
TP5 @ 0.4280 touched at 2020.11.24 with 1806 pip Profit (73%).
361 (15%) + 536 (22%) + 866 (35%) + 1211 (49%) + 1806 (73%) = 4780 pip (194%)

Open Profit:
Profit for one trade is 0.3052(current price) - 0.2474(open price) = 578 pip (23%)
8 trade(s) still open, therefore total profit for open trade(s) is 578 (23%) x 8 = 4624 pip (184%)

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.

DateDecember 8, 2020 - 20:08
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.2835, resumption of uptrend is expected.
  • We make sure when the resistance at 0.4280 breaks.
  • If the support at 0.2835 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • 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 resumption of uptrend is increased.
  • A peak is formed in daily chart at 0.3640 on 12/01/2020, so more losses to support(s) 0.3010 and minimum to Major Support (0.2835) 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 48.

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) 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