IOTA has completed an inverse head and shoulders pattern on its daily chart and is on its way upward. Bullish daily MACD and RSI, I'll be looking around the .00004-42 level as my target. Price is finding some resistance, so we may have a minor pullback before moving higher.
On short term 1 hr chart after forming a bullish BAT pattern priceline of XRP / US Dollar is forming another bullish BAT pattern , sofar all legs are driven as required for BAT therefore I am expecting the last leg will be retraced between 0.786 to 0.886 fibonacci and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as...
Priceline of IOTA / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2694 to 0.2667
Sell between: 0.2726 to 0.2788
Atif Akbar (moon333)
We're either on the brink of an Alt Season with BTC.D capping out at the 200MA weekly, or we're about to start creating a trading range. (or just another bearish retest before dropping lower - trade what is, not what you want it to be.)
Trading Range Entries/Exits:
Lowest Red Range = TP1
Highest Red Range = TP2
Lowest Green Range = Accumulate in/above.
IOTA looking set to reclaim losses from mid-late May. Like most altcoins recently it been tough but it looks like the tide is going to turn soon.
Keep in mind a tight stop loss and news that makes Bitcoin Pump.
Ideally, we are waiting for Bitcoin Dominance to return to lower levels which would indicate a safer entry into altcoins.
The IOTUSD was moving within a descending triangle and left the triangle without breakout or breakdown.
Since july 2017 the price action has found a strong support of $0.2051 and this support is not broken sofar.
The bollinger bands is extreme squeeze which is an indication of a massive move up or down soon.
MACD gave weak bull signals since sep 2018 and now it...
I haven't posted any entries for a while so i figured I would give it another shot.
IOTA is setting up for a simple buy set up with a projected gains of 75%.
Will update as trade progresses
Reason to Long IOTA
- Breakout of symmetric triangle
- 4hr EMA fanning out
- Daily EMA expected to have golden crossover
- BTC bullish sentiments
Entry Point : $0.327 - $0.349
- 0.382-0.618 fib level
Exit Point : 4hr chart to have golden crossover
- Combined with RSI, MACD analysis