Although IOTA does not have miners or stakers to raise the price, the project has excellent developers and community. In addition, the project counts a lot of enthusiasm in the academic, industrial and technological environment. The Coordicide event should push prices to higher levels in 2021. Until then it is time to accumulate. The weekly chart suggests that...
💎Technical Analysis Summary💎
-IOTA is trading on a downtrend channel
-It is approaching the key support area at the 2100s sat
-If we see a reversal or channel breakout
-That's a good entry point with proper stop loss location
-The upside potential is up to 2900s sat or higher
IOTA is close to a very important historical level. A level where the price did important reversions movements recently. Historical levels like this usually are ideal zone to open one position to buy or to sell. If it does a reversion signal at this level. For instance, a double button or a head and shoulders at this level.
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Buy on 7h chart
Sell on 2 day chart
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-Strong bounce at major support area around 2500 sat
-This zone is a confluence of golden Fib level and 200D MA
-If the daily candle closes back above the trendline support
-There is a chance IOTA to test the 3100 sat potential new resistance
-Still very high risk, Bitcoin should stabilize for Altcoins to recover faster
-Please exercise proper...
Iota is correcting and going to our buy zone above an importante support. It would give us a good buy opportunity in a excelente price and with a strong level to protect our stop.
PLease push like button and don't follow us
IOTA has finally come down to my zone of interest which i've been waiting a couple of weeks for price to retest support. The reaction looks great and its confluence with the 0.618 FIB.
Set up is on the chart...... You can enter 50% of your position now and set bids for the lower 2 although we may not get there if buyers become agressive
We made again a 20% gain on the IOTA/BTC resulting in a 40% gain since the beginning of July. Although IOTA is still looking strong technically, we should be cautious due to greed sentiment rising (for the entire crypto market). We might see more upside movement, but I prefer staying out right now.
From a fundamental perspective, we are seeing great progress...
medium term price action idea for IOTAUSD , dont buy now , we can see a clear double top formation this means we are about to sell off the market don buy super risky
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We achieved our target and took some profits along the way. If Bitcoin continues moving to the upside I can see the BTC pair consolidating at the <3 * 10^-5 sats lvl. Regardless of technicals, I am excited for IOTA's fundamentals and I am sure we will see great progress in the coming year. Technicals are looking good, too
- MACD on daily just turned bullish