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Weekly forecast IoTeX technical chart

Trading suggestion:

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

DateMay 27, 2023 - 14:44
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.01865, beginning of uptrend is expected.
  • We make sure when the resistance at 0.03565 breaks.
  • If the support at 0.01865 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.02330 on 05/17/2023, so more losses to support(s) 0.02077 and minimum to Major Support (0.01865) 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.

Symbol Released Current Forecast
IoTeX (IOTXUSD) new Sun, 19 May 2024
IoTeX (IOTXUSD) Sat, 11 May 2024
IoTeX (IOTXUSD) Sat, 4 May 2024
IoTeX (IOTXUSD) Sun, 28 Apr 2024
IoTeX (IOTXUSD) Sun, 21 Apr 2024