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Weekly forecast IoTeX technical chart
Symbol IOTXUSD
Trade Setup

#IOTXUSD
Total Profit: -20 point (0%)
Closed trade(s): 0 point Profit
Open trade(s): -20 point Profit

Trade Setup:
We opened 10 BUY trades @ 0.03098 based on 'Valley' entry method at 2022-09-11.

Open Profit:
Profit for one BUY trade is 0.03096(current price) - 0.03098(open price) = -2 point (0%)
10 trade(s) still open, therefore total profit for open trade(s) is -2 (0%) x 10 = -20 point (0%)

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.

DateSeptember 11, 2022 - 14:39
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.02140, beginning of uptrend is expected.
  • We make sure when the resistance at 0.04200 breaks.
  • If the support at 0.02140 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.02675 on 09/07/2022, so more gains to resistance(s) 0.03415 and maximum to Major Resistance (0.04200) 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 49.

Take Profits:

  1. 0.03415
  2. 0.04200
  3. 0.06200
  4. 0.08744
  5. 0.11480
  6. 0.14739
  7. 0.19788
  8. 0.23387
  9. 0.26300
Click on the level to view price action history.

Symbol Released Current Forecast
IoTeX (IOTXUSD) Sat, 23 Mar 2024
IoTeX (IOTXUSD) Sun, 10 Mar 2024
IoTeX (IOTXUSD) Sun, 3 Mar 2024
IoTeX (IOTXUSD) Sat, 24 Feb 2024
IoTeX (IOTXUSD) Sun, 18 Feb 2024