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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup
#IOTAUSD
Total Profit: 11723 pip (417%)
Closed trade(s): 2955 pip Profit (105%)
Open trade(s): 8768 pip Profit (312%)

Trade Setup:
We opened 12 BUY trade(s) @ 0.2840 based on 'Hammer' entry method at 2020.12.24.

Closed Profit:
TP1 @ 0.3010 touched at 2020.12.25 with 170 pip Profit (6%).
TP2 @ 0.3340 touched at 2021.01.05 with 500 pip Profit (18%).
TP3 @ 0.3685 touched at 2021.01.05 with 845 pip Profit (30%).
TP4 @ 0.4280 touched at 2021.01.09 with 1440 pip Profit (51%).
170 (6%) + 500 (18%) + 845 (30%) + 1440 (51%) = 2955 pip (105%)

Open Profit:
Profit for one trade is 0.3936(current price) - 0.2840(open price) = 1096 pip (39%)
8 trade(s) still open, therefore total profit for open trade(s) is 1096 (39%) x 8 = 8768 pip (312%)

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.
DateJanuary 13, 2021 - 20:04
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.2305, resumption of uptrend is expected.
  • We make sure when the resistance at 0.4280 breaks.
  • If the support at 0.2305 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.3263 on 01/11/2021, so more losses to support(s) 0.3685, 0.3340, 0.3010 and minimum to Major Support (0.2305) 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 59.

Take Profits:

  1. 0.3010
  2. 0.3340
  3. 0.3685
  4. 0.4280
  5. 0.5535
  6. 0.6470
  7. 0.7920
  8. 0.9265
  9. 1.1550
  10. 1.7435
  11. 2.6930
Click on the level to view price action history.
Symbol Released Current Forecast
IOTA (IOTAUSD) free Mon, 2 Jan 2023
IOTA (IOTAUSD) Sun, 25 Dec 2022
IOTA (IOTAUSD) Mon, 5 Dec 2022
IOTA (IOTAUSD) Sun, 27 Nov 2022
IOTA (IOTAUSD) Mon, 21 Nov 2022
History
Daily-Trading-Opportunities on IOTAUSD.