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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: 63434 pip (2234%)
Closed trade(s): 29495 pip Profit (1040%)
Open trade(s): 33939 pip Profit (1194%)

Trade Setup:
We opened 12 BUY trade(s) @ 0.2840 based on 'Hammer' entry method at 2020.12.24.

Closed Profit:
TP1 @ 0.3010 touched at 2020.12.25 with 170 pip Profit (6%).
TP2 @ 0.3340 touched at 2021.01.05 with 500 pip Profit (18%).
TP3 @ 0.3685 touched at 2021.01.05 with 845 pip Profit (30%).
TP4 @ 0.4280 touched at 2021.01.09 with 1440 pip Profit (51%).
TP5 @ 0.5535 touched at 2021.02.06 with 2695 pip Profit (95%).
TP6 @ 0.6470 touched at 2021.02.08 with 3630 pip Profit (128%).
TP7 @ 0.7920 touched at 2021.02.09 with 5080 pip Profit (179%).
TP8 @ 0.9265 touched at 2021.02.11 with 6425 pip Profit (226%).
TP9 @ 1.1550 touched at 2021.02.11 with 8710 pip Profit (307%).
170 (6%) + 500 (18%) + 845 (30%) + 1440 (51%) + 2695 (95%) + 3630 (128%) + 5080 (179%) + 6425 (226%) + 8710 (307%) = 29495 pip (1040%)

Open Profit:
Profit for one trade is 1.4153(current price) - 0.2840(open price) = 11313 pip (398%)
3 trade(s) still open, therefore total profit for open trade(s) is 11313 (398%) x 3 = 33939 pip (1194%)

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 1.0675 is broken, we will close open trades.

DateFebruary 21, 2021 - 19:48
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 1.0675 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 1.0675 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.3767 on 01/27/2021, so more losses to support(s) 1.1550 and minimum to Major Support (1.0675) 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 77.

Take Profits:

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

Symbol Released Current Forecast
IOTA (IOTAUSD) new Sun, 11 Apr 2021
IOTA (IOTAUSD) Sun, 4 Apr 2021
IOTA (IOTAUSD) Tue, 23 Mar 2021
IOTA (IOTAUSD) free Thu, 4 Mar 2021
IOTA (IOTAUSD) Sun, 21 Feb 2021