IOTA is one of my favorite coins. Let' start in short.
IOTA has been consolidating in the triangle for some time. There is still not enough volume to push it up.
But upon reaching the point E this volume can increase with demand and I expect we could get some nice positive momentum.
After confirmation of the wave E, it is going to be the right time to pick your...
IOTA/BTC weekly looks set to make a massive pump.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
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
Now IOTA moving in accumulation zone this is good zone for buy before IOTA fly. According to my observations, I noticed that the iota team has market makers who know and have experience how to make a rocket for the price of iota. that's why my recommendation is to add this coin to portfolio for the medium term. Swing trading
Iota appears to be forming an ascending Triangle. This may signify some bullish momentum upward but would need to break across horizontal resistance at above ~.32 cents. If Iota manages to push up above that resistance, I expect to see upward movment to at least .41cents however I would not be surprised if bullish momentum is able to push past that up to nearly...
IOTA on the Bottom Areas if You thinking to Take Position in IOTA then Given Below Some Levels,
Long - 7700 Target Will be First Target 8200 & second 11000.
if IOTA Cross The Resistance 8200 then You Can Long on the Support 8200 to Next Resistance Level 11000.
I hope that Price can fly From Buying zone.
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if You Satisfied With...
Hey! I am back with another Technical analysis, this time looking at longer timeframe on IOTA.
If you are only curious about forecast, go to "Technicals" or "Conclusion"
IOTA has tested known demand zone in august and saw relatively quick 70% gain. But this still wasnt enough as Bitcoin was going pretty much sideways, and IOTA and every other...