IOTAUSD has strong support at the 0.80 level. Pattern suggests price rise by length of wedge up to 1.25, take profit at 1.25.
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.
First chart here, please give any and all feedback/criticism! IOTA is forming a right triangle descending wedge . Minus the wicks, this forms an even horizontal support line at .82USD. When hinged with a 90-degree angle, the descending wedge forms. Rule of chart shows this as a continuation and would elude to a downward trend. Given IOTA's rapid growth, I am...
IOTA Expect to trend reversal and may fall back to 0.000163
IOTA is one of the next big thinks in Crypto. Indikators seems ready for UP.
Consistent profitable strategy over the last weeks. IOTA has a lot of potential in the long term, so never sell all your positions.
IOTBTC looks to be consolodating before taking a move higher. Fib extension c. 0.00034 Measure move target is 0.0004
I am a big fan of IOTA. With contrarian thinking and some luck it became my largest position in crypto right at the low five weeks ago. Now that prices are up sevenfold I am getting cautious. IOTA is moving fast and might form a bearish Head & Shoulder pattern here. I am not selling one single IOTA but have hedged my position and plan to aggressively buy...
Since the 11th, IOTA has seen higher momentum since ICO. Recent rally shows considerable support at the 0.618 extension level. If IOTA can push through the 1.105 ext level, then the next high will continue on the second trendline of higher highs, reaching a price of $1.30 USD.
The strong IOTA high has surprised the entire crypto-coins market in the last 30 days. While all the attention of the media and crypto community was focused on Bitcoin, after the episode of Bitcoin Cash , IOTA grew out of the limelight. In addition, IOTA has established its position among the top five crypto-currencies at market value. Over the past 30 days, IOTA...
We watch IOTA closely for the last few days. After 48 hours being stagnant just a tad over 1 USD border there is price decline right now. First we need to consider the situation here. We are moving through the channel since the beggining of the rise. As we can see 3 parallel floors were created. Slowing down means we stay somewhere in the middle floor. Testing...
If we look at the 1H chart, we'll see a double bottom chart pattern. It belongs to a reversal group of chart patterns. If the market bounces from the uptrend line and 0.80000 support level, we'll have to wait for a price breakout above the local swing high. It will be a confirmation of the double bottom pattern and further upward movement. Pending orders for buy...
IOTA set off on a trend line first of August and so far it has been following it without any deviations, even in today's dump. Seems like 1.6 could be reached in first half of September.
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...
A little speculation here, but since Iota hit my hard resistance and tanked, it's looking more and more like this has been a reoccurring theme throughout its short exchange life. Check out the peaks followed by a steep fall then reaching new highs. This is telling me that in a matter of days Iota should be on its way back up the ladder. However, the news about...