Iota looks like it's struggling. Los Angeles 12:02 AM. Iota is currently Neutral. It has potential to break to 1.618 or drop if the price action falls below the cloud.
The confluence of the 38fib and valley of the double-top provides strong structural support. If this level fails, expect a drop, probably to the 61.8.
After Iota hit my hard resistance line and tanked, I looked at its long-trend history and noticed a pattern--each peak has been generally followed by a steep decline and then a rise to a new high. Within the coming week or even days I expect another uptrend here. However, the disappointing news about Bitfinex and the movement towards mainstream adaptation of...
IOTA broke the downtrend with the first motive wave to around .30. After some consolidation in the form of a triangle, wave 3 was initiated. This wave is in the 11th extension right now. You can see this because every subwave looks almost the same, and the angle of the entire wave 3 stays in the same degrees. Possible upcoming moves: The recent spike to .75s...
On a slight pullback within the forming bullish triangle pattern, it's a perfect time for a long entry. Since whe are in no mans land price wize and thus already broke previous resistance, I used fib extensions to determine profit taking targets.
First resistance at .29. Second is at .32. IOTUSD seems to be doing well in the month of July. I think it's because people are recognizing its value and more and more media publications are writing about IOTA.
IOTA channel should bounce back up to .28 now. However BTC is struggling and will overpower the trend if it falls. Trade safely my friends.
I know nothing, just like this line... thanks And please, look at somebody's old ideas before you follow. Lots of sun seekers and copycats that agree on everything.
Here is one of my picks to hold on to until further notice - new ETF, booming market, great news coming out. Might be slow burn right now, but I think a smart investment.
Leading provider of in-flight WIFI - good news recently - I think a good long investment opportunity - close to support - entry opportunity - I think it can defiantly reach its nearest resistance @ 13.59 which could net you an nice ~9% gain in the ST.
#General #Electric Company (NYSE:GE) - Why $GE Could Double In The Next Two Years bit.ly #GE $GOOG #iot #ioe
Blackberry reported fair to poor earnings on 6/23. (.05) per share, but reaffirmed guidance on software. Revenues improved in software, but lower than expected overall. Company convinced it still needs to make phones, even though they have no traction there currently. Software and IoT force in the near to intermediate term. Stock hit resistance and dropped...