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Weekly forecast IoTeX technical chart
Symbol IOTXUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateDecember 5, 2022 - 21:04
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.
  • A trough is formed in daily chart at 0.02070 on 11/28/2022, so more gains to resistance(s) 0.02550, 0.03415 and maximum to Major Resistance (0.04200) 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 45.

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