A cup and handle idea for IOTAUSD
Also threw in a nice little Adam and Eve pattern which has led to the formation of the handle
This structure is common among many altcoins I will be looking into more of these cup and handles on altcoins
BINANCE:IOTAUSDT
Hello everyone 😃
IOTA has reached Binance's ATH, It's located at ~2.145$
Also IOTA had a breakout from rising wedge recently.
There will be a retest on wedge's higher line and then it could break 2.145$ resistance line...
📌 How ever there is a heavy support zone around 1.7$ !!
Attention: this isn't financial advice we are just trying to...
Good morning people 👍
𝙒𝙤𝙪𝙡𝙙 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚 𝙩𝙤 𝙠𝙣𝙤𝙬 𝙖𝙩 𝙬𝙝𝙖𝙩 𝙥𝙤𝙞𝙣𝙩 𝙩𝙤 𝙗𝙪𝙮 $MIOTA ?🤑🤑
I teach you easily with a graph , the only thing you have to memorize are the 4 areas drawn with 🟢Green / 🟡Yellow / 🔴Red /⚫Black.
🟩Best entry : 0.91 USD
🟨A good entry : 1.15 USD
🟥Risky entry : 1.55 USD
⬛Danger zone : 0.75 USD
PD : Black zone is dangerous if the price...
seems golden zone is standing and the retracement is done, we can long it i believe now . it will ultimately go up, just the matter of time
3 TPs specified
1 TP is very easy to achieve
if 2 TP triggered with in the same impulse wave then we can be very bullish on the Coin and not take profit and Holding the Position for the 3 TP
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2118). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.2118). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
The triangle and firm support:
Since sep 2018 the 20th ranked leading cryptocurrency is moving within a descending triangle , during this period the price action is hitting second time on the support of triangle and also at the lower bands of Bollinger bands .
One of the main reason that the priceline is not able to breakdown the support sofar is that the volume...
Priceline of IOTA / US Dollar cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2025 to 0.1713
Sell between: 0.2267 to 0.2853
Regards,
Atif Akbar (moon333)
Priceline of IOTA / US Dollar cryptocurrency is forming bullish Crab pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2619 to 0.2558
Sell between: 0.2667 to...
Priceline of IOTA / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2673 to 0.2631
Sell between: 0.2772 to 0.2921
Regards,
Atif Akbar (moon333)
Priceline of IOTA / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2505 to 0.2454
Sell between: 0.2615 to 0.2786
Regards,
Atif Akbar (moon333)
Priceline of IOTA / US Dollar is moving within a bullish pennant.
Now the price action has hit the support of pennant and bollinger bands and also 100 SMA support.
Volume profile of complete pennant is showing less interest of traders here.
200 SMA has crossed down the priceline to lift the candles up.
MACD turning bullish.
I have defined targets using...
Priceline of IOTA / US Dollar has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2695 to 0.2682
Sell between: 0.2705 to 0.2730
Regards,
Atif Akbar (moon333)
