I’m just gonna shake, shake, shake, shake, shake, shake…
IOTA should really turn up this Taylor Swift song and step up, for we expect the altcoin to shake off the recent correction phase and to move upwards, crossing the resistance at $1.0550. First, though, IOTA must finally complete wave ii in magenta, which could initially lead it a bit deeper into the...
“Play up!“, we want to shout at IOTA because it is high time for the altcoin to show some upwards movement. In the process, IOTA should at least make it above the resistance at $1.0550 to indicate further ascent. Meanwhile, IOTA could also finish wave ii in magenta a bit deeper in the magenta zone between $0.36343 and $0.06007 first, though it has to be careful...
Ref to my prev post/publish on 16th May 2022. Price did hit the supply zone and bounce back. It may retest the previous Low on 12th May or may even break it. If you look at weekly time frame (tf 1W), market shown strong bearish movement.
I am not a financial advisor but if you are trading crypto, especially you wanted to take long position, please be careful...
Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth…
The first stanza of Robert Frost’s poem “The Road Not Taken” describes IOTA’s situation quite well. Two roads are spread before the altcoin – which one will it take? There is a 48%...
Like a caterpillar, IOTA is crawling along the support line at $0.5736, its body moving fluently. We expect it to finish wave (ii) in blue and to pupate soon, at $0.5736 at the latest. Then, it should emerge from its cocoon as a beautiful butterfly, spread its colorful wings and fly upwards above the resistance at $2.0842. However, there is a 48% chance that...
Fly me to the moon,
Let me play among the stars,
Let me see what spring is like on
A-Jupiter and Mars.
In other words, hold my hand,
In other words, baby, kiss me!
After its long correction period, IOTA can finally start singing again. It has finished wave (ii) in blue and turned around just before hitting the support line at $0.5736. We now expect it to take off...
„Guess who’s back,
Back again,
IOTA’s back,
Tell a friend.”
After its short trip above the support at $0.9810, IOTA is back in the green zone between $0.8968 and $0.7442, imitating Eminem in his song “Without Me” by proclaiming:
“Now this looks like a job for me,
So everybody, just follow me,
‘Cause we need a little controversy,
‘Cause the green zone feels so...
IOTA has jumped off the cliff at $0.9810 and dived into the green thicket of sea weed between $0.8968 and $0.7442. Here, it has been swimming along for a while now, watching the wildlife of the underwater world. We expect IOTA to go a bit deeper still and to finish wave c in orange just below the green thicket. Then, the dive should be over and IOTA should...
After its steep descent from the orange-colored zone, IOTA has been relaxing a bit and puttering around between $1.1 and $1.2. However, it shouldn’t get too comfy because we expect the price to fall below $0.9810 soon. There, it should get caught by the green area between $0.8968 and $0.7442, finish wave c in orange and bounce off again.
Still, there is also a 30%...
Technical Analysis Summary
IOTA /USDT
TREND ANALYSIS
We have 3 Downtrend in red color (LONG TERM AND 2 INTERNAL )
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY...
Technical Analysis Summary
IOTA /USDT
TREND ANALYSIS
We have 2 Downtrend in red color (LONG TERM AND ONE INTERNAL )
We have 1 uptrend in green color
Be careful trends need to be modified when broken to the new peaks.
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels...
A cup and handle idea for IOTAUSD
Also threw in a nice little Adam and Eve pattern which has led to the formation of the handle
This structure is common among many altcoins I will be looking into more of these cup and handles on altcoins
BINANCE:IOTAUSDT
Hello everyone 😃
IOTA has reached Binance's ATH, It's located at ~2.145$
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...
