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Pattern: Channel Up on 1D.
Signal: (A) Bullish on the Higher Low trend-line of the Channel Up or if the Resistance breaks or if the RSI breaks above its Lower High trend-line. (B) Bearish as long as the Resistance holds.
Target: 0.000031 (just below the ~45% extension).
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Here is a simple and quicly analyses for IOTA/BTC witch seems to be broken the short term resistance line after reversion on important support level.
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This is an update of our analyses on IOTA/BTC, we see the green box as a buying area, now the price just reverted on important support level and is showing us a bullish momentum, our objective is the next important Resistance.
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Upon the collapse of BTCUSD from $8000 all the way down to $3.5k, IOTABTC almost broke its critical daily support at 0.00002100 BTC but managed to bounce back forming a V-shape capitulation bounce on the 1h timeframe. This strong V-shape bounce on the 1h timeframe is bullish in the way that it managed to close the 1D candle above the daily support showing us that...
I see two scenarios for IOTA/DOLLAR, we are inside a downtrend channel.
We are close to an important level of support level that can hold the price and retesting the resistance line, and we may be moving sideways or breaking the line in uptrend moviment, and the second scenario is the price test that the support line of this downtrend channel
Priceline of World's 23th ranked cryptocurrency out of more than 2300 cryptocurrencies IOTA (MIOTA) with Bitcoin pair has formed 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.
Lets have a look on the move of price action to see how perfect this pattern...
Please respect the resistance from the blue line. So long it has been respected support, so after breaking it you are not just going to go above. It will beat your ass down more than once. And we really haven't been beaten down even once yet. But before that, we are looking at potentially 100% BTC Gains. Roughly 300% gains from bottom points. It's...