EylemCulculoglu
Long

IOTA Breakout is confirmed. Expect ATH within 7 days.

BITFINEX:IOTUSD   IOTA / U.S. Dollar
Tom Demark count gave a green 2 on daily chart . This is a clear buy signal for IOTA. Stoch RSI is oversold, this also confirms the breakout. There was a huge resistance at 1.04 area. This resistance is broken which also confirms bull trend. On previous breakout we had 0.60 USD increase. I expect a new ATH within 7 days.


Here is my trading advice:

Long at: 1.04
Take profit: 1.65
Stop loss: 0.95


Support level is: 0.97498 (Fibonacci 0.382)
Trade active: Bull trend will continue. New target: 2.3
Trade active: IOTA is rising like crazy. We had a green 2 on the daily chart. I expect at least 7 more days of up trend. New target: >4 USD

Comments

You seem to have been correct good sir
+1 Reply
Not sure if I should buy right now. I think we could re-trace to $1.10 before shooting up again.
+1 Reply
@Bitva, I don't think it will retrace. My new target is 2.3 before the end of year.
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I also want it at $100 but by the end of 2018 the bitcoin market cap probably will be $300b and $100 puts iota at $277b cap, this is almost as big as bitcoin and no other coin ever get close to bitcoin. Considering the fact that we still buy iota with bitcoin, I can't see why it will be as valuable as bitcoin. This is total bullshit. We are lucky if iota hits 10 dollar by the end of 2018.
+1 Reply
@senjido, IOTA is a not shit coin. It is the coin of IoT. IoT market will reach 267 Billion USD by 2020 according to Forbes. IOTA will have more value than the whole IoT market because it is a limited commodity. https://www.forbes.com/sites/louiscolumbus/2017/01/29/internet-of-things-market-to-reach-267b-by-2020/#47052148609b
+3 Reply
Its been going sideways forever --- seems like a very tough call
Reply
Mukemmel tahminler tebrikler :) Looking for your updates more often
Reply
Tesekkurler Eylem...I also believe in the uptrend.....
Reply
Are you still set on that 1.65 target?
Reply
@ikeel, I have revised my target to 2.3.. I expect 2.3 before the new year.
Reply
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