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.
Priceline of IOTA USD cryptocurrency has formed a bullish BAT and entered in potential reversal zone even giving a spike beyond the PRZ area and touching the lower band of bollinger bands 1st time since after April 2019.
Stochastic entered in oversold 1st time since after Feb 2019.
I am expecting the next candle stick will be closed sideways or within the PRZ area...
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. There is a possibility of temporary retracement to suggested support zone (0.2660 to 0.2045). if so, traders can set orders based on Price Action and...
Something I've seen and also btc pair backs it up. I've seen btc/iota and eth/iota and compared similiar runs and there is a reason to believe a move up is ahead. Then I went to check the dollar chart and saw how we turned resistance logline into a support and confirmed higher high and and the same time we are trading in a perfect cup bottom while holding...
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...
IOTA is a totally different technology from all the existing currencies, and represents a radical change of paradigm. It is a criptomoeda that does not use the blockchain, thus managing to solve the limitations of the currencies arising from Bitcoin. A new technology, called tangle, is the basis of the IOTA network, giving it numerous superior qualities, among...
Are you ready to make money guys ? ;-)
Don't forget the position sizing !
NB : I share informations in a neutral way, I don't offer any investment advice on specific currencies, or initial offers, and does not encourage anyone to enter what may appear to be investment advice, and then completely disclaims any liability for any investment...
We got a LONG signal from SwingBot for IOTAUSD a few days ago and we are still in the buying zone
The 21 SMA is moving in as support, we could be in for a bounce
Possible targets and stop loss are indicated on the chart
If you are interested in using SwingBot to create your own signals, send me a message for a free trial
If you like my posts, remember to hit...
0.4015 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 55.
New trading suggestion:
*There is still a possibility of temporary retracement to...