A cup and handle idea for IOTAUSD
Also threw in a nice little Adam and Eve pattern which has led to the formation of the handle
This structure is common among many altcoins I will be looking into more of these cup and handles on altcoins
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
IOTAUSDT Technical analaysis Update
IOTA/USDT currently trading at $0.8723
Buy level: Above $0.8790
Stop loss: $0.833
Max Leverage 2x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
IOTA is sitting above 1.618 of its current forming uptrend
And has formed a double bottom
This is also the 0.5 Fib of the larger overall downtrend
Momentum upward should continue within the conditions of a bull market
An Adam and Eve formation has allowed the transition through 1.618 into the next fib ring
Now a rounded Top is forming which I love to see, as they tend to break out to the upside frequently
The only question is will this breakout be localized within the same Fib ring or push out into 4.618? Time will tell
A few other patterns have been included also
". There is a possibility of temporary retracement to the suggested support line (1.2663).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. IOTAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
IOTAUSDT BREAKOUT OF MINI TREND 🔥🔥
NOW IOTA IS BREAKING OUT OF TRENDELINE LOOKING FOR UNTILL PULLDOWN HITTING OUTSIDE OLD TRENDLINE ZONE THAT IS LOKKING FOR BUY POSITION
Looking more forcast every week on my youtube find on my profile
Hello everyone 😃
IOTA has reached Binance's ATH, It's located at ~2.145$
Also IOTA had a breakout from rising wedge recently.
There will be a retest on wedge's higher line and then it could break 2.145$ resistance line...
📌 How ever there is a heavy support zone around 1.7$ !!
Attention: this isn't financial advice we are just trying to...