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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.

DateSeptember 16, 2023 - 11:10
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 0.01612, continuation of downtrend is expected.
  • We make sure when the support at 0.01250 breaks.
  • If the resistance at 0.01612 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • A trough is formed in daily chart at 0.01250 on 08/17/2023, so more gains maximum to Major Resistance (0.01612) 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 56.

Symbol Released Current Forecast
IoTeX (IOTXUSD) Sat, 20 Jul 2024
IoTeX (IOTXUSD) Sun, 30 Jun 2024
IoTeX (IOTXUSD) Sat, 22 Jun 2024
IoTeX (IOTXUSD) Sat, 15 Jun 2024
IoTeX (IOTXUSD) Tue, 11 Jun 2024