DLavrov
Long

IOTA Buy Opportunity

BITFINEX:IOTUSD   IOTA / U.S. Dollar
The price bounced from 1.50000 level with RSI confirmation. It’s going to break 2.00000 resistance level . If the market can move above this resistance, it will give us a signal confirming further upward movement. MACD supports the idea that the market is going to move upward. DMI tells us that the bears are not so strong and it allows us opening long trades. All these signals give us a new buy opportunity. If the price breaks the previous swing high, we'll be able to open new long positions.
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It's still following the downtrend line on IOT/BTC. A bit weird to trade based on the the USD pair isn't it?
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Unfortunately didn't work as expected :(
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Not just yet, wait for the BTC to stabilise
+5 Reply
Thanks for the analysis. People seem to care more about what they think more then the market cycles and what the unemotional charts say.
+1 Reply
Shit coin :P
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elblinko AlfredoCollado
@AlfredoCollado, theyre all shitcoins
+4 Reply
Kabir_crypto AlfredoCollado
@AlfredoCollado, shit comment
+6 Reply
LisboaGrande AlfredoCollado
@AlfredoCollado, Nope, it's DLT, quite interesting IMO :) gegegegege
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Most analysis about the bigger coins made buy the most ranked analysts of tradingview are saying that a uptrend will come. But most of the time what is happening is downtrend. I hope that your analysis get it right.

IOTA is a coin that does not show real uptrend since ATH
+1 Reply
quantum.vapour oliver.prado
@oliver.prado, there is an expectation for bitcoin to take one more dip and then begin an accent to new stable highs. I'm looking at projects not on anyone's rader for 1000x gains. They are out there. Thor token has potential to be a global platform. Iota itself is not going to be the internet of things without adaption by industry support. It hasn't got this at all in my opinion.
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