Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The price is above the 21-Day WEMA which acts as a dynamic support. . Relative strength index (RSI) is 56. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line...
There is a strong MA support and doubled bull div formed supported by other indicators showing possible trend reversal for IOTA to go faster agains ETH (I´m expecting ETH bullish EOY 500 USD) So I´m mooving my ETH into IOTA now to get more ETH after selling IOTA I´m about to make a 5% trade here as I feel comfortable buying in this zone with my trade account and...
Technical analysis: . IOTA/Ethereum 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 49. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . IOTA/Ethereum 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 49. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . IOTA/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . IOTA/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
IOTA/USD falling wedge, broke important support line S1, going to the S2. CCI-Indicator is broken. Sell position.
Technical analysis: . IOTA/ETHEREUM is in range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.0018 to 0.0015). if so, traders can set orders based on...
Technical analysis: . IOTA/ETHEREUM is in range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.0018 to 0.0015). if so, traders can set orders based on...
IOTA is faced to important resistances against dollar, Bitcoin and Ethereum. A breakout could be strong. Against bitcoin broke another time the psychological resistance of 0.00024 (first ATH against BTC). It attempted to break it during the strong bull run of end 2017 but it was not supportive. It is good possible that IOTA found yet more strenght to transform...
I'd be going out of IOTABTC if I'd had any. Looks overbought. Double TOP in the making, bearish divergence on 4h chart and clear 5 waves.
THE NEWS IS OUT SINCE EARLY THIS WEEK. A lot of folks start buying IOTA since this Monday, and they are looking for a decent profit. Once the Robinhood opens the market for this coin, customers are able to purchase IOTA with BTC, ETH, and USD! But, it is believe that those folks who already bought this coin during the last few days, will sell. This might cause a...
More news inc to help reach those levels.
I think that IOTAETH found a good support at 50% Fibonacci level, also 50EMA is going to cross 200EMA, which is strong bullish signal. We can make some purchases at this levels (0.0028-0.0030). Profit targets can be placed at 0.005 (70% of position) and 0.0067 levels (20-30% of position).
On the 4h Chart we see a Doji Star pattern which indicates a trend reversal. MACD histogram is about to flip to the positive side and the MAs are going to cross. RSI just rised from the oversold zone and continues going up. DMI+ is going to cross DMI- The strong volume at the Doji Star candle supports this trend reversal. Additionally the Doji Star formed at...