IOTA is looking slightly bullish on the daily timeframe as it is about to break out of the triangle. Not to mention, bulls did an amazing job defending the daily MACD cross right at the zero mark.
On the weekly timeframe, we can see the RSI making a potential inverse head and shoulders pattern. Similar to every inverse...
IOTBTC looks like a perfect buy soon. It has formed a falling wedge (red). It can still go lower to the all time lows @ ~0.000043 BTC and form a double bottom. If that happens, especially within the falling wedge it is a no-brainer for me. Watch for incresing volume in the next weeks. The target might be lowered if the upper line of the orange triangle acts as a...
There is a high probability that the IOTA is going to rise against BTC soon after it will confirm the bottom of the main channel (green)
This is not a trading advice!!!
-Specified black area is supportive zone
-Price is on bullish long-term trend line
- Entry=Trigger(according to trading strategy)
- Take Profit 1 =0.000096-0.00010
- Take Profit 2 =0.00012-0.00013
- Reward/Risk= 2
. IOTA/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. There is a possibility of temporary retracement to suggested support zone (0.00007300 to 0.00006415). if so, traders can set orders based on Price...
$IOTA is showing bullish divergence on daily chart.
Price reached buy zone and had been moving there for a while.
$IOTA is one of the top project in crypto space with great idea and community support.
Green - buy. Red - sell.
I do not recommend using this chart for margin trading.
It's not a financial advice.
Trade carefully and good luck!
On the November 12, engineering and electronics manufacturer Bosch, has announced about the partnership with IOTA. Here is the actual tweet: twitter.com
Bosh is a leading enterprise in regards to the research and development of technology designed for Internet Of Things (IoT). Currently Bosh is integrating its new...