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Weekly forecast IoTeX technical chart
Symbol IOTXUSD
Trade Setup

#IOTXUSDT
Total Profit: -14721 pip (-154%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -14721 pip Profit (-154%)

Trade Setup:
We opened 7 BUY trade(s) @ 0.09501 based on 'Valley' entry method at 2022.03.22.

Open Profit:
Profit for one trade is 0.07398(current price) - 0.09501(open price) = -2103 pip (-22%)
7 trade(s) still open, therefore total profit for open trade(s) is -2103 (-22%) x 7 = -14721 pip (-154%)

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.
DateApril 17, 2022 - 16:18
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.06265, beginning of uptrend is expected.
  • We make sure when the resistance at 0.11639 breaks.
  • If the support at 0.06265 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.11480 on 03/31/2022, so more losses minimum to Major Support (0.06265) 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 43.

Take Profits:

  1. 0.08885
  2. 0.11639
  3. 0.14733
  4. 0.17000
  5. 0.19788
  6. 0.23442
  7. 0.26300
Click on the level to view price action history.
Symbol Released Current Forecast
IoTeX (IOTXUSD) Sat, 13 Apr 2024
IoTeX (IOTXUSD) Sat, 6 Apr 2024
IoTeX (IOTXUSD) Sun, 31 Mar 2024
IoTeX (IOTXUSD) Sat, 23 Mar 2024
IoTeX (IOTXUSD) Sun, 10 Mar 2024
History
Daily-Trading-Opportunities on IOTXUSD.