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
FOR 16 MONTHS, IOTA IS IN A DOWN TREND IN TRIANGLE PATTERN.
THIS RESISTANCE TREND IS VERY STRONG AND IMPORTANT.
LOOK AT THE MA200 , THIS INDICATOR BULLISH TREND .
IF THE PRICE CROSS UP THE MA200 AND THE TRIANGLE PATTERN WITH VOLUME,
THEN IOTA WILL BE IN HUGE BULLUSH RUN.
6X PROFIT MIGHT COME WITH IOTA.
IOTA/USDT- Miota forecast
4H/ 1D - up and minor uptrend
Price move above support level --> positive situation
0.335 - 0.351
News: ~ The crypto market warm, minor upward.
IOTA (IOTA) is a distributed ledger for the Internet of Things that uses a directed acyclic...
While the price is above the support 0.2045, beginning of uptrend is expected.
We make sure when the resistance at 0.4015 breaks.
If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI bounced from the downtrend #1 and it prevented price from more gains.
A trough is formed...
IOTA reach support ascending triangle.
I mark previous drawdown with false break down happen at previous touch.
Rightnow, we still wait for same drawdown with maximum target at 0.27687556 or maybe lower than that before we have bullish run.
I will update more quick analysis if we have a perfect buy low (depend on price action)
Make sure you hit "LIKE" to get...
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
IOTUSD / IOTAUSD
Price is narrowing, the volatility subsides before the storm. The question of which way the blow would be would not have taken a decision in the medium term. There is a chance to pass at least 38-50% Fibo on the chart upwards. You also need to consider that we are in a falling trend and the opportunity to go down below 20 cents is very large....
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
- Primary : in wave 3
- Intermediate : wave 3 ending (if not one more wave up)
Buy at retracement to 0.382-0.618 fib level
- $0.295 - $0.320
Target 1.618 fib extension, previous resistance and support