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.
Thanks for the analysis. People seem to care more about what they think more then the market cycles and what the unemotional charts say.
oliver.prado
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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
quantum.vapour
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@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.
lightknight
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@Quantum.vapour, what about Bosch's investment? Smart appliances could possibly use iota platform
quantum.vapour
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@lightknight, I contacted Bosch for an official statement. There isn't one. There are claims of RBVC purchasing shares in IOTA but that is speculation not a partnership. Bosch aren't going to sign up to an untested platform and spike the price. That would be extremely irresponsible. Iota crypto isn't the most tested or developed system in IOT. A Chinese company has been developing iota since 2002! With 2000 industrial adopters through the bamboo network and Canada. Crypto has a lot of smoke and mirrors but I'm fine with ride the hype waved for profits. It's been difficult to make day trades with some much fud.
lightknight
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@Quantum.vapour, thanks for the info, makes sense. Very interesting,
Aitoyko
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@Quantum.vapour, @lightknight, Here's a link to Bosch press released December 19, 2017, announcing RBVC invested in IOTA tokens.
@Aitoyko, I'm well aware of this realise. Corporate lawyers tell me the wording is vague. "RBVC also (intends) to elevate the technology to maturity by bringing it closer to Bosch’s global ecosystem and key partners"
"INTENDS" isn't a statement of fact. IOTA is very peripheral to a gaint like Bosch. They could replicate the technology and say thanks very much kid. You know the way out. Bosch has never elevated an outsider to it's inner circle of power. They are always kept in a short lease. Walton taken a different route and may excel or flounder itself as several other projects chase them down. In truth the race hasn't even started.
feanor7544
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@Quantum.vapour, You're quite worng mate.
Bosch has a strategic partnership with IOTA now. The tech ceo is in the iota board. The same happens with Volkswagen, their tech ceo became a member of iota foundation board. Of course they only "intend", it hasn't happened yet, the implementation is on-going, not a finished thing. But to send your tech ceo's to iota to shape iota with the industrial needs, is exactly industrial adoption, it's what distinguishes any cryptojoe and shitcoins from real life projects with impact on the real economy