website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast IOTA technical chart
Symbol IOTAUSD

Download MT4 template file

Trade Setup

#IOTAUSD
Total Profit: 5327 pip (74%)
Closed trade(s): 800 pip Profit (11%)
Open trade(s): 4527 pip Profit (63%)

Trade Setup:
We opened 10 BUY trade(s) @ 0.7120 based on 'Valley' entry method at 2021.07.24.

Closed Profit:
TP1 @ 0.7920 touched at 2021.07.26 with 800 pip Profit (11%).

Open Profit:
Profit for one trade is 0.7623(current price) - 0.7120(open price) = 503 pip (7%)
9 trade(s) still open, therefore total profit for open trade(s) is 503 (7%) x 9 = 4527 pip (63%)

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.

DateJuly 26, 2021 - 20:21
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.5535, resumption of uptrend is expected.
  • We make sure when the resistance at 1.5790 breaks.
  • If the support at 0.5535 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.6725 on 2021-05-23 and the trough at 0.5595 on 2021-07-25, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
  • The RSI resistance #1 at 49 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 0.5690 on 07/21/2021, so more gains to resistance(s) 0.7920, 0.9265, 1.1550 and maximum to Major Resistance (1.5790) 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 51.

Take Profits:

  1. 0.7920
  2. 0.9265
  3. 1.1550
  4. 1.2640
  5. 1.4130
  6. 1.5790
  7. 1.7435
  8. 2.2170
  9. 2.6285
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