IOTA gave a green 2 on the daily chart according to Tom Demark count. This is a clear buy signal. I expect the bull trend to continue for at least 7 more days. We are at green 5 on the weekly chart which means we can have 4 more weeks of uptrend.
Support level-1: 1.96 (Fib 0.5) Support level-2: 1.45
According to Boston Consulting Group market analysis, Internet Of Things Market will reach 267B By 2020. IOTA is the e-currency of IoT and it is market value will be much more than the whole IoT market as it is a limited commodity.
I recommend to buy and hold IOTA for long term.
If you are a trader, here is my short term idea:
Long at: 2.39 Take profit: >4.0 Stop loss: 1.40
Trade active
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IOTA is rising as I have expected. Buy and hold IOTA for long term.
For those who cant read and keep asking for advice here's what he said ...
Trade active: IOTA is rising as I have expected. Buy and hold IOTA for long term.
(do you want it put more simply?)
neones
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I've taken profit at 4-4,1 and 4,2 thanks to your advices! Do you have any recommendations for daily traders? I wanna get back to my position again but I am not sure if it will retrace or not.
leaderlight1982
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it is 4,35 usd now.i wanna buy but i am afraid about its future.because i dont think to buy to hold for a long time.i buy and sell in short time by its profit.i read ur analysis before but i couldnt buy because of some technical problems.what do u advise???
mehmet.ylcnky
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I see an increase up to $4.2 (may be more, but not sure yet) Any update in your analysis? BTW thank you very much for your analysis so far.
cryptocurrencyturkey
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thanks a lot your advices . One question about IOTA correction line is it reasonable to invest 3.5$ or waiting down 3.5$?