With the links of Jaguar Land Rover... Is it possible we could get a push due to the FA and the hype on this?
Totally possible but at the momentum market is flat so may not get as much excitement as previous announcements like this.
Ball is in BTC's hands. IOTA starting to show a small sign of a trend direction north. It does need BTC to play correctly and not blast out of this area.
IF BTC dominance does come down, coins like IOTA will get some love.
Priceline of IOTA USD cryptocurrency has formed a bullish BAT and entered in potential reversal zone even giving a spike beyond the PRZ area and touching the lower band of bollinger bands 1st time since after April 2019.
Stochastic entered in oversold 1st time since after Feb 2019.
I am expecting the next candle stick will be closed sideways or within the PRZ area...
We're either on the brink of an Alt Season with BTC.D capping out at the 200MA weekly, or we're about to start creating a trading range. (or just another bearish retest before dropping lower - trade what is, not what you want it to be.)
Trading Range Entries/Exits:
Lowest Red Range = TP1
Highest Red Range = TP2
Lowest Green Range = Accumulate in/above.
With the majority of the alt-coins being smashed over the last few weeks. This gives a brief rest to those swimming in losses.
If BTC dominance does come down alts will turn back up again, how long for? Unsure but have a tight stop loss on this one. This could retest the EMA 34 on the daily and turn around again.
IOTA WILL GO TO 0.00001919 BTC AND THEN HAVE 2 CASE:
1-IF IOTA HOLD 0.00001919 BTC THEN WILL GO TO 0.00004484 BTC
2-IF IOTA CANT HOLD AND BREAK 0.00001919 BTC THEN MAY GO TO 0.00000478 BTC .
PAY ATTENTION THAT IN PREVIOUS IOTA DUMP TO 0.00000017 BTC
Iota is following a similar pattern to what we saw before the 2017 bull run. See the grey boxes on the chart, the same pattern is also holding the support.
Possible targets are: 80 cents upwards.
I expect it too start a bull run along with the other major alt coins, following a similar pattern to bitcoin’s current bull run.
As almost 90% of alts, IOTA looks pretty weak at the moment, main range broken down (blue line), with 2 clear bearish channels. Main objetive based in fibonacci projection is at 1160 sats, not gonna touch it until we reach there or we see some bullish price action