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Weekly forecast IoTeX technical chart
Symbol IOTXUSD
Trade Setup

#IOTXUSD
Total Profit: -2190 point (-70%)
Closed trade(s): 0 point Profit
Open trade(s): -2190 point Profit

Trade Setup:
We opened 10 BUY trades @ 0.03098 based on 'Valley' entry method at 2022-09-11.

Open Profit:
Profit for one BUY trade is 0.02879(current price) - 0.03098(open price) = -219 point (-7%)
10 trade(s) still open, therefore total profit for open trade(s) is -219 (-7%) x 10 = -2190 point (-70%)

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 30, 2022 - 19:17
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.02140, beginning of uptrend is expected.
  • We make sure when the resistance at 0.04200 breaks.
  • If the support at 0.02140 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.03205 on 09/10/2022, so more losses to support(s) 0.02750, 0.02430 and minimum to Major Support (0.02140) 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 59.

Take Profits:

  1. 0.03415
  2. 0.04200
  3. 0.06200
  4. 0.08744
  5. 0.11480
  6. 0.14739
  7. 0.19788
  8. 0.23387
  9. 0.26300
Click on the level to view price action history.

Symbol Released Current Forecast
IoTeX (IOTXUSD) Sat, 23 Mar 2024
IoTeX (IOTXUSD) Sun, 10 Mar 2024
IoTeX (IOTXUSD) Sun, 3 Mar 2024
IoTeX (IOTXUSD) Sat, 24 Feb 2024
IoTeX (IOTXUSD) Sun, 18 Feb 2024