IOTA is in downtrend since mid of August, as shown in chart IOTA will test the downtrend next few hours supported by indicators we don't know if it can break it or not ( personally i doubt )
We are long IOTA after today's breakout to the upside. It was flirting with the important S/R zone for the last 3 or 4 months. We believe the move will bring it all the back up to 77-80c level. Please put in your stops or watch it actively. Good luck and stay disciplined!
Iota has great future for long run but strong btc makes this bearish, this is great buy opportunity. When we see $1 price in 6 months this level would be "remembered" as a bargain
IOTA has bright future for sure. However, we see the chart of against BTC (left) and against fiat (right).You can see 2 things. 1) IOTBTC hit the ATL. 0.00070. Support here.BTC is on correction stage. So BTC possibly being stable now. 2) IOTUSD hit the support. Third time retest 0.38-0.36. Strong Support here. It is downtrend triangle and it is ready to...
Double bottom is usually where the trend can reverse. So look closely and if in the next few days, price didn't get below 0.000068 it is likely to reverse and break 0.0001 again which means a huge +30% from the actual price. RSI is already oversold. Also after a big pump on bitcoin, market of altcoins often goes in a kind of roulette of pump with a new altcoin...
IOTA has had a pretty bad beat down lately. A falling wedge pattern is starting to form. There is no clear projection but if it performs, it should reach the old resistance line. 40% potential gain in the horizon.
IOTA found its bottom at $0.3633 in the very beginning of September, right after that it has a very nice 5 waves impulse all the way up to $0.75 (Wave I) after that an ABC correction to $0.37. (Wave II) A new impulse began mid September from the bottom of II to $0.61 making the first wave of a (Wave III) Now we at looking for the end of what i think its an...
IOTA/BTC on a key support, and forming a possible falling wedge pattern. A bit risky but it may be good to go long here.