The high-flying rocket IOTA, which broke the cryptomarket's charts in recent weeks with a whopping 260% monthly gain, is taking off again. This time we are setting up a short-term long setup, based on Triangle pattern, with 20-25% growth potential. It could make more - that's the nearest target.
Risks
If price drops below 4.10, the idea is no longer viable ...
tomorrow is FUJITSU conference, I am really confused if we are looking for ending 5th wave as bigger wave 1, or this conference invalidates my actual count
if you have better idea by elliot wave rules, share it
I am awaiting higher high on daily RSI for confirmation - around 85
Adam and Eve double bottom formed and has just confirmed.
Also some solid fundamentals - https://www.reddit.com/r/CryptoCurrency/comments/8bu5qm/iota_serious_good_news_oer_the_coming_weeksmonths/
Buy - 0.00016500 - 0.00017500
Target 1 - 0.00018800
Target 2 - 0.00020000
Target 3 - 0.00023000
Target 4- 0.00033000
Stop loss - 0.00016000
Break out resistance line of falling wedge . Now moving in triangle with potential break out up. We in up trend channel.
Volkswagen announces cooperation with IOTA
Hey, this is another Idea on IOTA.
Iota has been long time in a Downtrend channel after the breakout (115 days).
During this time, IOTA has shown us no clear Bullish divergence.
BUT 2 days ago IOTA broke out from the dowrtrend channel and can keep on growing.
Looking at the indicators.
MACD - Yes, the MACD has looked kinda bullish in this downtrend channel and ...
IOTA had a Death Cross formation on the daily chart. Death Cross is an important bearish signal generated when the 50-day moving average crosses below the 200-day moving average.
Stoch RSI is over-bought on the daily chart which also confirms the possible bear run.
I expect the price to drop till 1.2148 (fib. 0.618)
Here is my trading idea:
Short at: 1.31
Take ...
There are really similar patterns on how Iota is bought.
After rebounding from the major suppport it found support on the blue line (an old resistence). Actually is approaching an old strong support (the brown line) intersecating with an horizontal resistance and I think that from there it will find support again on the blue line.
If you look at the RSI, it ...
Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 14th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 39.26% PROFIT!!!
The increase in price may also be explained by positive developments including:
1. 20 April: Fujitsu is set to introduce IOTA at the Hannover Messe trade ...
It appears a bull flag has formed on the 6hr for MIOTA. This may only be about a 10% increase to finish its fifth Elliot wave, so I wouldn't recommend getting in this trade just yet. However, it could be more (or less).
The "Pro" title in my name means nothing. DYOR.
I am a firm believer in IOTA. The potential for this coin is tremoundous. Despite the recent news of new members to the foundation, the price isn't budging much. It came close to shooting past the cup and handle formed in December but did not sustain. It also started the long wedge we have now. With no volume support, it could not sustain the pressure and the ...
Look at the chart and see if you like this setup.
This is IOTA vs BTC on the 4h Chart.
- Already confirmed a breakout, another close above the "green dotted line" and IOTA can enter some very bullish momentum.
- The MACD is about to crossover.
- Strong 4h green candle according to TD and Candle stick analysis.
- The globalists (Microsoft included) behind MIOTA ...
