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Weekly forecast IOTA technical chart
Symbol IOTAUSD

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Trade Setup

#IOTAUSD
Total Profit: 69230 pip (2440%)
Closed trade(s): 44090 pip Profit (1554%)
Open trade(s): 25140 pip Profit (886%)

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%).
TP5 @ 0.5535 touched at 2021.02.06 with 2695 pip Profit (95%).
TP6 @ 0.6470 touched at 2021.02.08 with 3630 pip Profit (128%).
TP7 @ 0.7920 touched at 2021.02.09 with 5080 pip Profit (179%).
TP8 @ 0.9265 touched at 2021.02.11 with 6425 pip Profit (226%).
TP9 @ 1.1550 touched at 2021.02.11 with 8710 pip Profit (307%).
TP10 @ 1.7435 touched at 2021.03.23 with 14595 pip Profit (514%).
170 (6%) + 500 (18%) + 845 (30%) + 1440 (51%) + 2695 (95%) + 3630 (128%) + 5080 (179%) + 6425 (226%) + 8710 (307%) + 14595 (514%) = 44090 pip (1554%)

Open Profit:
Profit for one trade is 1.5410(current price) - 0.2840(open price) = 12570 pip (443%)
2 trade(s) still open, therefore total profit for open trade(s) is 12570 (443%) x 2 = 25140 pip (886%)

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.
  • If the Midterm level 1.2640 is broken, we will close open trades.

DateApril 4, 2021 - 14:52
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.2640 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.2640 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 1.5795 on 2021-02-19 and the peak at 1.982 on 2021-05-01, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.7610 on 03/23/2021, so more losses to support(s) 1.4475 and minimum to Major Support (1.2640) 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