IOTA has broken out, but retraced from new relative highs at $2.20, finding support from the central moving average of the KRI at $1.95, which we've highlighted here many times. It is currently looking to test relative highs again. Like other coins, IOTA's retracement was normal and healthy. In the longer term, we still have somewhat of a bull wedge pattern, so...
IOTA formed a double top at $5.6 level and moved sharply down to $1.1, losing 80% to USD. Price went up and after 1.5 months returned back to the very same support area at $1.1. Therefore the strong support and resistance were formed between $1.1 and $5.6 areas, making it a $4.5 range trading.
After producing a double bottom at $1.2, RSI oscillator formed a...
IOTA has retraced back to the psychologically and technically significant $2 mark as it has pulled back from relative highs at $2.17 or so. Like other coins, IOTA has had a respective burst of momentum so some retracement should be anticipated, and is normal. In the longer term, we still have somewhat of a bull wedge pattern, so some renewal of momentum can be...
IOTA has finally broken the $2 mark, where it currently sits at the time of this writing. This is a fairly substantial milestone for this coin as it has been facing troubles regaining footing in this handle for some time. Although we've seen a bit of a breakout, volatility does appear to be consolidating into a bull wedge pattern in the longer term, so we can...
IOTA continues to disappoint, still struggling with the central moving average of the KRI at $1.96. It currently sits at $1.88, however, which is forming the upper bound of a bull wedge pattern. Volatility in this coin has consolidated substantially, as evidenced by the width of the upper and lower bound of the KRI, suggesting that we might expect a breakout...
Following the previous idea on Iota VS Bitcoin , it went higher as expected breaking above the descending channel. But the question is how far more it'll go?
After breaking above the channel IOT/BTC corrected down to 71k satoshi and almost immediately went up to 448k satoshi. Fibonacci applied to the corrective wave after the breakout shows that price broke the...
After reaching the btc 0.00044 high, Iota almost immediately has corrected down to btc 0.00017, losing 60% to the Bitcoin. Following consolidation between btc 0.00030 and 0.00017 is going on now for nearly two months.
IOT/BTC has rejected the 61.8% Fibonacci support level multiple times and with the last bounce of that support level, occurred last week, the 8/1...
IOTAUSD has been a bearish trend alongside most of the other majors like BTC and ETH.
We saw support kicking in at $1.94 and pushed us back into the $2 zone, however the bulls were met by the bears and we have been in battle since the 16th of Jan.
This triangle can be seen as a continue sign of the current bear trend and the bulls will have to bring a lot of...
IOTA also has been stagnating, though the price action has dropped more so than other cryptos, confirmed by both Kovach Momentum Indicators. We have remained below the lower bound of the KRI for the duration of the week. A sequence of higher lows on the day candles provides a glimmer of hope for investors eager for a breakout, though trading the mean reversion...
IOTA has been hit particularly hard by the bear run in cryptos. Currently, it is finding support at a Fibonacci level at $2.14, bouncing back to $2.24 or so at the time of this writing. It has careened through the lower bound of the KRI, now well above current prices at $2.70. From above, we will have to test $3.25 before testing the central moving average of...
IOT/USD 4H
Being in an expanding wedge, we're currently in the making of the subwave 4 of c. I expect price to rise till the marked sell zone ($3.50-3.75). If price proves me right, we should see from there on the start and the final bearish impulse of the overall corrective structure. This could either result in a double bottom or ideally in a lower low till...
My previous IOTA post seems to have disappeared, so I"ll try reposting it. I believe IOTA is set up for an impulsive wave intermediate wave (3) of primary wave . It clearly had a very deep primary wave two retracement. I'll write more as things develop, this is just a test to see if it remains posted or not
IOTA has definitely broken its ranging streak, unfortunately to the downside. We have smashed through levels in the $3 handle, to find support in the lower $2 handle, a Fibonacci level at $2.12 to be specific. It still appears that we are in wave 2, a minor corrective segment of the Elliott Wave. We must reconsider our rendition of the corrective phase if IOTA...
Iota could possibly break out of this consolidation we've been stuck in since that ATH in December. Unfortunately it does not move independently of BTC and every drop affects Iota as well at the moment. The more market share BTC loses the better this is for other coins as it will provide more stability. More pairs and exchanges will also contribute to this. Iota...
