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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: 2636927 pip
Closed trade(s): 2636927 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 21.82596 based on 'Valley' entry method at 2020.03.27.

Closed Profit:
TP1 @ 26.50000 touched at 2020.06.04 with 467404 pip Profit.
TP2 @ 30.84715 touched at 2020.08.10 with 902119 pip Profit.
TP3 @ 34.50000 touched at 2020.08.11 with 1267404 pip Profit.
467404 + 902119 + 1267404 = 2636927 pip

9 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (21.21665 to 20.90000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (21.21665)
    • Support on 08/09/2019
    • Support on 08/10/2019
    • Support on 12/19/2019
    • Support on 12/23/2019
    • Support on 12/24/2019
    • Support on 12/25/2019
    • Support on 03/13/2020
    • Support on 03/16/2020
    • Support on 03/17/2020
    • Support on 03/23/2020
    • Support on 03/24/2020
    • Support on 03/27/2020
    • Support on 03/28/2020
    • Support on 04/02/2020
    • Support on 04/23/2020
    • Support on 04/24/2020
    • Resistance on 04/30/2020
    • Resistance on 05/01/2020
    • Resistance on 05/02/2020
    • Resistance on 05/03/2020
    • Resistance on 05/04/2020
    • Resistance on 05/09/2020
    • Resistance on 05/10/2020
    • Resistance on 05/11/2020
    • Resistance on 05/12/2020
    • Resistance on 05/13/2020
    • Resistance on 05/17/2020
    • Resistance on 05/28/2020
    • Support on 05/30/2020
    • Support on 10/23/2020
    • Support on 10/24/2020
  • Ending of entry zone (20.90000)
    • Support on 08/09/2019
    • Support on 08/10/2019
    • Support on 12/25/2019
    • Support on 03/13/2020
    • Support on 03/16/2020
    • Support on 03/17/2020
    • Support on 03/25/2020
    • Support on 03/26/2020
    • Support on 03/28/2020
    • Support on 04/29/2020
    • Resistance on 05/06/2020
    • Resistance on 05/09/2020
    • Resistance on 05/19/2020
    • Resistance on 05/20/2020
    • Resistance on 05/21/2020
    • Support on 05/28/2020
    • Support on 05/29/2020

DateOctober 25, 2020 - 16:40
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 18.20995, resumption of uptrend is expected.
  • We make sure when the resistance at 26.50000 breaks.
  • If the support at 18.20995 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 25.57000 on 10/13/2020, so more losses to support(s) 21.21665, 20.90000 and minimum to Major Support (18.20995) 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 32.

Take Profits:

  1. 23.34430
  2. 26.50000
  3. 30.84715
  4. 34.50000
  5. 39.11580
  6. 59.60000
  7. 82.80000
  8. 114.00000
  9. 184.93950
  10. 235.50000
  11. 285.90000
  12. 450.20000
Click on the level to view price action history.

Symbol Released Current Forecast
IOTA / BIT (IOTABIT) Sun, 20 Mar 2022
IOTA / BIT (IOTABIT) Tue, 15 Mar 2022
IOTA / BIT (IOTABIT) Mon, 7 Mar 2022
IOTA / BIT (IOTABIT) Sun, 27 Feb 2022
IOTA / BIT (IOTABIT) Sun, 27 Feb 2022