IOTA price broke down during some hours the psychological support at $1.00 touching the $ 0.93 but then just recovered a little and is now sitting just above at $ 1.02, the support at $ 1.00 is a critical long-term support, if this support is broken there could be a long drop in the pair.
IOTAUSD came to draw a H&S's on the chart during the last couple weeks. If it was to break neckline in the upcoming days, price target is fixed almost to the exact point where 0.77 support lies. Watch out for volume during breakouts, low volume could represent a fake movement either way. Condition - neckline broken Cancel figure - price above left shoulder...
TL:DR - Like the rest of the market, Iota is looking to set up a bullish descending triangle/double bottom. This is the IOTAUSD chart with 1h candles. On my last update there was a classic sell the news event where Iota finally announced details around Qubic and saw a drop from a high of $2 to a low of $1.74, about a 13% loss. This set off a multi-day bear...
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
IOTA received the boost from the bulls at the beginning of the day that brought the price to the Central Pivot Point at $ 1.25 but quickly lost strength and resigned the whole raise sending the price to $ 1.16 where it is at this time losing important supports as the EMA-100 and the MA-50. The next important support is $ 1.15 and we must be alert to a possible...
IOTA Has finished wave 1 according to my elliot wave count. A falling wedge has formed which is a bullish fractal and can confirm the trend reversal once a breakout happends. We can expect an impulsive wave 3 these coming months.
IOTA is a great coin with new partnerships, however pattern we are working has is not an easy one in current market. According to this particular pattern we have over 60% probability to see upward break, however if Bitcoin remains under $6,500 we will see a possible downward break. Recommendation Investors looking for safe entry, wait for firm break, then do...
enter and exit iotausd on 4hr chart using trendline and fibo extension
IOTA following a down trend pattern, if BTC goes to 5800$, expect IOTA to be around 1$. Next support will be found at 1.06$, MACD showing that we are reaching a low, as it is very near to the 30 area. Currently we are still lacking in volume.
Higher low on daily Renko Chart
IOTA/USD increased a little after retesting the 1505% line. A valid breakdown below it will send the rate towards the first warning line (wl1). The perspective remains bearish on the short term as long as the rate stays below the minor downtrend line. It should drop if will close below the 1.22466111 yesterday's low
Hey, this is just an idea how IOTA might develop in the upcoming 30-45 days. We have seen similar Patterns in the past and a break out is possible. To be able to break out, IOTA Needs to proof the residentline of the past months. If this one breaks a fall back to 94 Cent or deeper is possible. If the residentline holds a break out of the triangle is possible....
IOTA has lost -1.54% in the last 24 Hours where it found support at $ 1.32 after dropping more than $ 0.42 cents over the weekend as well as all cryptocurrencies, sellers still do not want to exit the market and they are pushing the price very much below today's center pivot point. The RSI and the Stochastic already appear saturated in the oversold zone so the...