iota/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
I have been getting a lot of questions on "time" and I can't predict the future so I can't give you a time... Ain't nobody here charting with a crystal ball. Here is an example of Elliot wave price predictions. The timing that I want is within the white wave, but I can't predict the future lol nor can I call the top or bottom. I am using the general rules of elliot wave theory to try and give you an accurate price prediction. The red wave being the fastest wave, blue wave being the middle, the white wave is my prediction and the purple wave is also possible, lagging behind my prediction. With that being said, the wave count on any of these is possible. The purpose of elliot waves is to give you a general idea of price action so you can time your entry and exits. Any of these wave counts can go a bit higher or lower as no one have a crystal ball and this is just a general idea of price action movement.
IOTA
IOTA LOOKING BULLISH! READY TO BROKE OUT AND FLY?IOTA has a strong resistance on daily timeframe from APRIL and a new resistance formed from SEP, however, smaller tfs on IOTA are turning bullish, looks like IOTA is getting ready to breakout of this month old resistance. The recent crash helped IOTA forming up the right shoulder.
- Inv H&S on 4hr timeframe.
- 200 EMA support is there just below the price candles on 4hr and daily tf, so less risky.
- Falling wedge on 4hr.
- Support is becoming stronger and resistance is getting weaker.
IOTA MASSIVE 1-MONTH BULL FLAG AND INVERSE H&S! GAINS COMING!Since the last run-up of IOTA in the starting of September it found a strong resistance and has been forming a massive bull flag pattern.
A bullish flag is a trend continuation pattern. Also, we have seen BTC breaking all the resistance and it's only 16% away from the previous all-time-high, if bulls manages to break the remaining resistance at $57k for Bitcoin alt-coins will go parabolic.
I am expecting IOTA to breakout of this massive bullish penant soon maybe in the next few days or hours, this is a great time to start buying IOTA at $1.29 - $1.1 area and keep accumulating it before a strong bullish move happens towards the resistance areas and my take profits at $1.47 - $1.74.
💡İOTABTC ANALYSIS💡Hello Friends
graph four-hour te viewed our bats Formation Boge ( Bullish Bat ) formation present
Volume momentum is coming from Processing Input too risky .risk manage my money is very important in this key process.
There are technical levels on the chart.
Tp1:0.00003200
Tp2:0.00003709
Tp3:0.00004185 trade
entry level :0.00002584 At the close of the 4-hour candle,
stoplos:0.00002014 I keep the level away from my own money management
. You can pull it close . IT IS NOT INVESTMENT ADVICE.
If you are using the analysis, do not forget to like and follow,
if there is something wrong with the formation, you can warn
Educational purposes
bat Formation Boge ( Bullish Bat )
Rules:
X / EU = 0.382 and 0.50 in
the EU / CD = 0.382 and between 0.886
BC / CD = 1,618 with between 2,618
XA / CD = 0.886
IOT/USD approaches potential resistance at 1.44
If you missed the original run from 1.20 and the break out at 1.33, then there might be an opportunity to get in if the price pulls back to current support estimates at 1.38, 1.33, and 1.27.
The current trend looks very strong to the upside; however, we all know there is always a pullback in an uptrend, which could be an opportunity to get in.
LTCUSD - CUP and handle of impossible proportions.While running analysis on LTCBTC market I spotted serious opportunity for a decent LONG expecting BTC profits. After realizing what long term chart draws for us, decided to go in, since what I see is a cup and handle of enormous proportions. Time will tell - have a look at LTCBTC pair linked below...
🆓MIOTA (IOTA) Oct-5 #IOTA $IOTAIOTA is testing the 1.15$ zone and if it doesn't lose this zone it will bounce back to 1.3$ zone to conquer this zone before moving up to 1.5$ and 1.8$ zones in this October. But if it loses this 1.15$ zone, it will come back to 1$ zone or even lower
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 1.15$ zone
🔴Buy : 1.15
🔴Sell : 1.3 - 1.5 - 1.8
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 1.15$ zone
🔵Sell : 1.15
🔵Buy : 1
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
IOTA +60% RUN, OR DO WE GO FURTHER DOWN?Hello Cryptnonauts
Let's take a look at IOTA! Recently we just saw IOTA Facing a new resistance Level between around 1.3275 and 1.3475. After a quick bounce away from that resistance, we are now looking forward to rechallenging this level.
So, therefore, you might ask if you should go and buy a potential breakout or maybe short at the resistance? These are good questions, and I try to give you a few possible setups that might appear.
Let's Take a look at the Bigger Picture first!
On the 1 Hour chart, we see that we are in a significant trend facing the bottom side. So generally speaking, a movement further down might be more likely at this point. But a trend can break every time, so we are also looking at the potential longs.
So let's go and cover a few potential scenarios.
Scenario 1 (Short) down to the support level
1Hour Chart
5Min Chart
At our Short scenario, we might move now a little bit more up until we either hit the resistance level or the red Trendline and push back from there down to our support level around 1.0400
So for potential entries, we would look at movements that are moving back to the downside from those levels.
Scenario 2 (Short) down into a Sideways Market and a potential Trendline break
In our second Short scenario, we are looking for a potential ending in a sideways market until we break the trend line for a bullish movement.
We are looking at the same Setup as in our first Short scenario but with another target.
Same Chart Setup for the Short position
Facing the new build support?
In this scenario, we are now looking at the new build support from the price bounce around 1.2000.
That level might end up in new support since 1.2000 also is a pretty easy number to trade, and it might stick in traders' heads for potential long positions. That's why we might end up in a sideways market, which has a great potential to break the overall downtrend and end up in a bullish market.
Scenario 3 (Long) Trend and Resistance level Breakout
Once Again, we are looking basically at the same chart, but with two potential breakouts this time. We can either directly break entirely through the resistance and trend levels or, what I believe would be more likely, break through the first Trendline, turn the resistance into a support for a price correction and then continue to breakthrough.
direct breakthrough
Trend Breakthrough with a minor price correction to the past resistance that then acts as support before we entirely turn into a bullish trend.
Those are the potential setups and movements I am looking into to make some trades. I hope I could give you some insights into my thoughts.
Happy Trading
Will IOTA rise to 2$ again?Hello everybody
When I watch the chart of IOTA/USDT pair , the supports are tight and RSI reaching to oversell area.
The supports and the resistances are shown in chart, so with my strategy I will set limit orders to buy one step in each support.
Always be in great profits!
If you like my idea, please like the analysis and follow me for more analysis.