After completing the predicted 5-step formation, we are now all set to continue the correction and approach the green area. Here, the next low point should be established and with it the foundation for new increases. After the low, we expect the price tp surge past $2. A premature increase is only given a probability of 28%.
Top of the Mornin' !
I still think IOTA's top for this year would be around $4,65 - Fib and trendlines show that area as a target - it would mean a retest of 2017-2018 top - so far I can't see signs of it going higher than that... Fundamentals are strong though - judge the target based on volatility!
Technical Analysis Summary
We have 2 Downtrend in red color (LONG TERM AND ONE INTERNAL )
We have 1 uptrend in green color
Be careful trends need to be modified when broken to the new peaks.
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels...
#iOTA USDT 1D Chart SIGNAL
⚠️ Risky Call. Because Of BTC Sentiment. Invest Small Ammount ⚠️
✅ Entry Here At Current Price 30%.
✅ Entry 2 Near At $1.35 With Another 80%
❌ Stop-Loss 1D Candle Closing Below $1.18
IOTA / TetherUS Trending Up under High Volume - IOTA is a cryptocurrency with its own blockchain. IOTA is a cryptocurrency, with a purpose for IoT (Internet of Things). It's build upon DAG (Directed acyclic graph), called Tangle. The Tangle ledger is able to settle transactions, with zero fees.
IOTA - Intraday - We look to Buy a break of 2.112 (stop at 2.038)
We are trading at overbought extremes.
This provides an excellent risk/reward opportunity to fade the current bullish move.
A break of bespoke resistance at 2.100, and the move higher is already underway.
Our profit targets will be 2.334 and 2.389
Resistance: 2.100 / 2.200 / 2.300
Price likely to drop further to as low as around $0.65. If we keep travelling sideways this is very bullish. As we're still very much in a bullish market trend, we should positively bounce out of the triangle and based on the 45 degree gann fan re test $2 sometime in Q2.
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As you se we're witnessing the next impulse break up to wave 5 (the longest)
In my chart I took the theter usdt pair, which is lacking behind but giving a nice 4,89 dollar target.
What do you think of this analysis, it's conservative but maths don't lie compared to the ABCD.
Like and share your thoughts.
IOTAUSDT Technical analaysis Update
IOTA/USDT currently trading at $0.8723
Buy level: Above $0.8790
Stop loss: $0.833
Max Leverage 2x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
IOTA - Intraday - We look to Sell a break of 0.7744 (stop at 0.7922)
Short term momentum is bearish.
Pivot support is at 0.7745. A break of 0.7745 is needed to confirm follow through negative momentum.
There is no indication that the selloff is coming to an end.
Our profit targets will be 0.7232 and 0.7132
Resistance: 0.8000 / 0.8300 / 0.8500
IOTA is sitting above 1.618 of its current forming uptrend
And has formed a double bottom
This is also the 0.5 Fib of the larger overall downtrend
Momentum upward should continue within the conditions of a bull market
An Adam and Eve formation has allowed the transition through 1.618 into the next fib ring
Now a rounded Top is forming which I love to see, as they tend to break out to the upside frequently
The only question is will this breakout be localized within the same Fib ring or push out into 4.618? Time will tell
A few other patterns have been included also
IOTAUSDT - Intraday - We look to Sell a break of 1.084 (stop at 1.144)
Price action has formed a bearish ending wedge formation.
Daily signals are mildly bearish.
Trend line resistance is located at 1.200.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
Our profit targets will be 0.931 and...