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Weekly forecast IOTA / BIT technical chart
Symbol IOTABIT

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Trade Setup
#IOTABIT
Total Profit: -111872 pip (-8%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -111872 pip Profit (-8%)

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

Open Profit:
Profit for one trade is 18.84924(current price) - 18.98908(open price) = -13984 pip (-1%)
8 trade(s) still open, therefore total profit for open trade(s) is -13984 (-1%) x 8 = -111872 pip (-8%)

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.
DateNovember 25, 2020 - 22:12
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 13.78500, beginning of uptrend is expected.
  • We make sure when the resistance at 23.04460 breaks.
  • If the support at 13.78500 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.
  • A trough is formed in daily chart at 13.78500 on 11/19/2020, so more gains to resistance(s) 18.84860, 20.86445 and maximum to Major Resistance (23.04460) 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 57.

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
History
Daily-Trading-Opportunities on IOTABIT.