Last week we saw the break-out of the falling wedge.
The next step up is possible. We are near a strong
support line.
Targets 5 > 6.5 USD and
max. Target Fibo 1.618 = 8 USD
Let's see what happens. Happy trading. :-)
You may see a really different chart than you had seen before in this channel, this is an upgraded version with +6 hours of work. I hope you enjoy it.
I had a time out of doing TA, and came back with this idea.
The mind is everything. What you think, you become.
Good luck!
Looks like the handle part of the cup and handle pattern is forming on IOTA/BTC.
Entry: Once 1hr candle closes above level of cup rim on increased volume
Exit: Depth of cup projected from rim upwards, apprx. 0.000396 BTC
Stop Loss: Apprx. bottom of handle: 0.00025 BTC
BITFINEX:IOTBTC
Hi! I see a weakness, but IOTA now on bottom channel and testing MA 50, MA 100 , line of support of day time frame. And thi is not bad zone. And this coin not bad actually. If price of this asset to show a lack of demand from this zone we will be see a more sales.
BTC broke upwards today, but the sentiment for a big upswing seems to be lacking. Combined with a bullish long-term view for IOTA (based on the fundamentals), this could translate to IOTA/BTC finding support at .00024 or .00023 BTC.
IOTA showing some sign of life. It is turning around but it may take awhile for it to hit our target. We have two targets. You can unload some percentage of your trade at first level and some at second. small percentage can be held for long term.
There is limited data as Iota was primarily traded over the counter before being added to the first major exchange Bitfinex. Fundamentally everything seems to be on track but it won't be discussed in depth as is mostly about technicals and psychology. I will say that BOSCH opening saying they invested into the IOTA tokens itself is huge.
A correction has taken...
A very long time coming for this triangle trend which I forcast to breakthrough before the 12th of Jan. this shows a lot of potential in IOTA and with the consideration of the announcments that the IOTA dev team has lined up for Q1 of 2018, this breakwill only be a small upwards candle in the grand view of the charts by April.
After finding support at 0.000185 IOTA bounces up and resumes uptrend move.
Currently fighting resistance at 0.000225 once its broken we can set profit target to 0.000325000 where is the major support.
Once its broken, we can set profit target to 0.0004 following the ABC pattern.
Any comments or suggestions? Let me know ! :)
Quick analysis on IOTA/BTC using trend analysis.
1| Iota is able to break the resistance and goes up to the first target zone of 6-8 dollars.
Notes: x 5.8 is an important point to watch (previous ATH).
x After this a small correction is possible, we might form an uptrend to 10-15 dollars (elliots impulse wave ABCDE)
2| Iota is not able to break the...
