Potential retracement possible towards the 1.60 level, then aiming down for 1.30 where price currently is. From that point, we can expect price continuation down towards 1.00 or price reversal towards 2.00
Last week major cryptocurrencies resumed their decline reaching new local minimums and finished the week near them. Bitcoin reached the minimum of $ 6’620. Its share in total capitalization increased to 38,9 %. The number of billionaire-coins decreased to 20, their total number (according to coinmarketcap.com) decreased to 1’634. The total capitalization of...
IOTA got rejected at the 0.382 and then at the 0.236 Fib Level. Time to short. Stop loss above the red line. Target between 0.85$ - 1.00$
If we break $1.77 + 100 MA resistance we can expect a move to $1.86-$1.93 Bullish RSI divergence gives us extra confirmation Place your Buy orders above $1.77 resistance to catch this move
IOTA is on important crossroads on 4H. Despite our perception of a 4H Channel Down to be formed (RSI = 45.126, MACD = -0.003, Highs/Lows = 0), if 1.7625 breaks, then the price will test the 2.0330 Resistance. If not it will first come across the 1.6223 Support again and then 1.5169 & 1.3417 in succession. So depending on the break-out, we will either TP = 2.000 or 1.3500.
After the long rally of the last week, IOTA has yielded half of its earnings and today has as main resistance the 100-200-EMAS close to $ 1.74, the indicators appear neutral and the volume has fallen a lot so the buyers have lost a lot of strength, however, we must be alert to a close above the 200-EMA that can give us an interesting boost.
IOTA had a massive move up due to the recent new. Like they say buy the rumour and sell the news IOTA is doing ABC zigzag now. Wave A is almost finished, expecting a bounce soon to complete wave B and then a final 5 waves down to finish off C leg.
hi IOTA showing high probability of upwards action market sentiment is positive for IOTA as well as BTC showing bullish divergence thank you for the likes :)
IOTA was aggressively rejected off the 2.0330 Resistance on 1D but has now found an equally strong support at 1.6999. 4H suggests that it will trade sideways for a few candles (neutral RSI = 46.406, ADX = 33.708, Ultimate Oscillator = 49.275) but the underlying trend on 1D indicates a continued downtrend from here (MACD = -0.027, ADX = 35.273). Our TP = 1.5169 and 1.3417.
TL:DR - classic sell the news situation. I have no idea where we go next. This is the Iota:USD chart with 4h candles. What a classic "Buy the rumor, sell the news" scenario. Iota plummeted 6% in about 5 minutes around the time of the release of the Qubic news. I had hoped to be at the computer watching the trading right at the announcement however family...
This is my idea for IOTA. Interesting project with already big partnership deals. The tech is in very early stage and has a lot to proof yet, but the future for Internet of Things looks very bright. I am sure IOTA will be one of the big players in this space.
$Iota is in the lead and I'm looking for it to complete the H&S next weekend at $3 that will be a very bullish sign for the whole crypto market.
#IOTA is in the clouds , rejection around KS region. Facing an important test in a few hours . The break above 50DMA (1.88) . If we get confirmation of the break then we can expect a bull run to 2.3 level from iota 50DMA break is important for $iota, currently at 1.88 Historical data whenever #iota has broken 50DMA level: 22 May: -23% drop in 8 days 14...
Reaching a critical point, pretty much depends on BTC! If BTC goes to 8000$, IOTA will go to 2.1$, if BTC goes to 6500$ IOTA will fall to 1.4$ and creat a double bottom! which one will it be?! Ps: in case you are confused with the Fibonacci I created, i did two and joined! (A) stands for "all time high" and "all time low" . (B) stands for "recente high "...
We can try to short IOTA till 1.64. 1. 64 is the 0.5 retracement of AB … 5-0 reversal pattern. This is more than an hypotesis.. there is a nice support there. I think that we could reach 2.20 after that. Wait for confirmations and always a look at what bitcoin does.. You can see in an old idea that we are again at resistance against ETH and BTC.