Finally IOTA confirmed the broken downtrend with a Kumo Break out, moving way above the cloud and baseline now! The upward trend of the last days is confirmed. DMI: Exploding over 40 Ichi: looking great all above the cloud and baseline until 4h chart -> the break out bounced at 47.5 from the upper resistance of the Kumo Cloud at 4h chart! If the the price also...
Our first target from our original post of IOTA was hitted. There is really good potential of making a new trade with a potential head- & shoulderpattern. Buy options: - You can buy at 45-46 cent, just above the big support line of the 45 cent; - You can wait the breakout of the neckline of the potential head- & shoulders pattern at 49 cent; - Or you can buy...
A short IOTA Update as requested: IOTA broke the downtrendline this morning as expected after yesterdays rising wedge (shared ideo before). after a rally until 48.5 there was a bigger dip below the trendline as volumes decreased. - Ichimoku Indicator shows we are still moving above the green waves and still have upward momentum - MACD shows, a new wave up that...
IOTA is forming what it looks like an Ascending Right Triangle with a minimum target of $0.52 It first needs to complete an ABCDE Triangle, A and B are done, i marked a possible path for the price. There might be a bullish wick before the impulse, probably at the end of E. Let's see how it plays.
IOT just broke up tthis triangle, first target $0.52, then $0.60 - Stop: $0.40
We will buy when a whole 15 min candle is above the 44 cent. Or there is a possibillity to buy at the bottle of the triangle with a really close stop-limit just below.
Here i present my primary count for IOTA! Looks like a textbook double zig-zag. Apparently we are completing the 4th wave of C so the fifth will complete the WXY pattern. A prominent H&S pattern could mark us the end of C, being a great entrance for this crypto. Wish you great profits!
If the figure of the Head of the shoulders is found correctly, the exit from the triangle will drop to the nearest support level
How I came warning: IOTA, after a slight recovery broke the main trend line. It would be critical to break the support you are currently enduring. Maximum attention at these levels!!!
IOTA looks like it's heading towards a double bottom on the 1 hour. Let's hope it holds support (51 cents).
IOTA is looking really good long. Obviously some things could be a little off but I see it hitting some high prices in the future on this Elliott Wave.
Good morning, IOTA broke down the trend line late last night and has now passed down through the cloud; I expect IOTA to continue down to test the next line of support. I see three possible lines: the first being $0.51, then $0.46, and then finally at $0.37. I think one of the first two lines are more likely. We should only expect it to retest the low of $0.37 if...