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Weekly forecast IOTA technical chart
Symbol IOTAUSD
Trade Setup

#IOTAUSD
Total Profit: 2912 point (112%)
Closed trade(s): 0 point Profit
Open trade(s): 2912 point Profit

Trade Setup:
We opened 16 BUY trades @ 0.2762 based on 'Two Day Reversal Candle' entry method at 2022-09-07.

Open Profit:
Profit for one BUY trade is 0.2944(current price) - 0.2762(open price) = 182 point (7%)
16 trade(s) still open, therefore total profit for open trade(s) is 182 (7%) x 16 = 2912 point (112%)

#IOTAUSD
Total Profit: 2912 point (112%)
Closed trade(s): 0 point Profit
Open trade(s): 2912 point Profit

Trade Setup:
We opened 16 BUY trades @ 0.2762 based on 'Two Day Reversal Candle' entry method at 2022-09-07.

Open Profit:
Profit for one BUY trade is 0.2944(current price) - 0.2762(open price) = 182 point (7%)
16 trade(s) still open, therefore total profit for open trade(s) is 182 (7%) x 16 = 2912 point (112%)

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 10, 2022 - 19:59
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.2310, beginning of uptrend is expected.
  • We make sure when the resistance at 0.3715 breaks.
  • If the support at 0.2310 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.2354 on 2022-05-12 and the trough at 0.231 on 2022-06-18, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.2555 on 09/07/2022, so more gains to resistance(s) 0.3091, 0.3357 and maximum to Major Resistance (0.3715) 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 51.

Take Profits:

  1. 0.3091
  2. 0.3357
  3. 0.3715
  4. 0.4850
  5. 0.5600
  6. 0.6900
  7. 0.8204
  8. 0.9138
  9. 1.0300
  10. 1.1999
  11. 1.4823
  12. 1.7678
  13. 2.0800
  14. 2.3900
  15. 2.6775
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.