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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: 12114 pip
Closed trade(s): 4960 pip Profit
Open trade(s): 7154 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 0.3175 based on 'Valley' entry method at 2019.04.29.

Closed Profit:
TP1 @ 0.3340 touched at 2019.05.13 with 165 pip Profit.
TP2 @ 0.3685 touched at 2019.05.14 with 510 pip Profit.
TP3 @ 0.4015 touched at 2019.05.15 with 840 pip Profit.
TP4 @ 0.4535 touched at 2019.05.16 with 1360 pip Profit.
TP5 @ 0.5260 touched at 2019.05.29 with 2085 pip Profit.
165 + 510 + 840 + 1360 + 2085 = 4960 pip

Open Profit:
Profit for one trade is 0.4197(current price) - 0.3175(open price) = 1022 pip
7 trade(s) still open, therefore total profit for open trade(s) is 1022 x 7 = 7154 pip

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 0.3565 is broken, we will close open trades.

DateJune 11, 2019 - 18:24
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.3565, resumption of uptrend is expected.
  • We make sure when the resistance at 0.5260 breaks.
  • If the support at 0.3565 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.3565 is broken.

Technical analysis:

  • While the RSI support #1 at 40 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.5540 on 05/29/2019, so more losses to support(s) 0.4015, 0.3685 and minimum to Major Support (0.3565) 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 50.

Take Profits:

  1. 0.3340
  2. 0.3685
  3. 0.4015
  4. 0.4535
  5. 0.5260
  6. 0.6105
  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) 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