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Weekly forecast IOTA technical chart
Symbol IOTAUSD
Trade Setup

#IOTAUSD
Total Profit: 408 point (17%)
Closed trade(s): 0 point Profit
Open trade(s): 408 point Profit

Trade Setup:
We opened 17 BUY trades @ 0.2551 based on 'Hammer' entry method at 2022-10-13.

Open Profit:
Profit for one BUY trade is 0.2575(current price) - 0.2551(open price) = 24 point (1%)
17 trade(s) still open, therefore total profit for open trade(s) is 24 (1%) x 17 = 408 point (17%)

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.

DateOctober 26, 2022 - 15:52
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.2310, beginning of uptrend is expected.
  • We make sure when the resistance at 0.3715 breaks.
  • If the support at 0.2310 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.2554 on 2022-09-07 and the trough at 0.22557746251996 on 2022-11-10, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.2355 on 10/21/2022, so more gains to resistance(s) 0.2750, 0.3000, 0.3295 and maximum to Major Resistance (0.3715) 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 49.

Take Profits:

  1. 0.2750
  2. 0.3000
  3. 0.3295
  4. 0.3715
  5. 0.4850
  6. 0.5600
  7. 0.6900
  8. 0.8204
  9. 0.9138
  10. 1.0300
  11. 1.1999
  12. 1.4823
  13. 1.7678
  14. 2.0800
  15. 2.3900
  16. 2.6775
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