As you can see on the chart we are right above 8000. Levels is wirking as support for now.
As long as bulls stay above there is a chance for rally towards 11000 or even 13000.
Overall we are still in a bear market so I would rather wait fro breakdown and close below 8000.
First target is at 6000.
Break and close below that level may indicate that latest ...
. MIOTA/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
. There is a possibility of temporary retracement to suggested support zone (0.0000750 to 0.00006200). if so, traders can set orders based on Price ...
Buy after Breakout Succesfully if Breakout Fail then don't trade in IOTA.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
BINANCE:IOTABTC has held relatively well during the BTC bloodbath of the past days and is reaching the end of the triangle.
The pinbar candle could indicate a move upward is incoming, as seen last time this happened.
Internet of things - future of the next few years and IOTA is leader in this sphere
I believe in this project
Moving in the triangle with huge potential
Still in the zone of accumulation
Buy in deep - sell in high
IOTA on the Bottom Areas if You thinking to Take Position in IOTA then Given Below Some Levels,
Long - 7700 Target Will be First Target 8200 & second 11000.
if IOTA Cross The Resistance 8200 then You Can Long on the Support 8200 to Next Resistance Level 11000.
I hope that Price can fly From Buying zone.
Share Your Opinion in Comments.
if You Satisfied With ...
Hey! I am back with another Technical analysis, this time looking at longer timeframe on IOTA.
If you are only curious about forecast, go to "Technicals" or "Conclusion"
IOTA has tested known demand zone in august and saw relatively quick 70% gain. But this still wasnt enough as Bitcoin was going pretty much sideways, and IOTA and every other ...