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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: 4950468 pip
Closed trade(s): 1156644 pip Profit
Open trade(s): 3793824 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 18.98908 based on 'Valley' entry method at 2020.11.25.

Closed Profit:
TP1 @ 23.04460 touched at 2021.02.11 with 405552 pip Profit.
TP2 @ 26.50000 touched at 2021.02.11 with 751092 pip Profit.
405552 + 751092 = 1156644 pip

Open Profit:
Profit for one trade is 25.31212(current price) - 18.98908(open price) = 632304 pip
6 trade(s) still open, therefore total profit for open trade(s) is 632304 x 6 = 3793824 pip

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.

DateMarch 4, 2021 - 20:57
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 18.84860, beginning of uptrend is expected.
  • We make sure when the resistance at 36.97810 breaks.
  • If the support at 18.84860 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI support #2 at 43 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 19.60000 on 02/23/2021, so more gains to resistance(s) 26.50000, 30.84715, 34.50000 and maximum to Major Resistance (36.97810) 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 60.

Take Profits:

  1. 23.04460
  2. 26.50000
  3. 30.84715
  4. 36.97810
  5. 59.60000
  6. 82.80000
  7. 116.83365
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