Good day traders
We got a LONG signal on IOTBTC from SwingBot
Trade Risk: Medium
Price below MAs
RSI: Bullish divergence
BuyZone, Possible targets and Stop loss are indicated on the chart
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It have just retest January All-time-low, for a very short time.
New coin with high potential short, medium and long term. Recent Chainlink partnership anounncenment (see twitter.com)
Very good risk/reward potential.
IOTA shows its weakness at IOTA/BTC chart.
We can see:
Bad cross of EMA indicator
Failed growth on 19th of May
Bear divergence at day RSI chart
ATH of LONGS at IOTBTCLONGS chart Bitfinex (!)
IOTA/BTC is going to at least double bottom, which means we will see 0.000040 soon or even lower!
Stop loss at 0.000039.
After the pump caused by the news of IOTA's partnership with Jaguar Land Rover, it had since then fully retraced and fallen back down. This is highly bearish as it shows a lack of follow through and continuation from the bulls. IOTA/BTC pairing is currently showing a very decent risk to reward for bears as a breach of the recent low, which is also the all time...
I actually drew this WW several days before it hit the low point, but didn't publish it. Oh well. In any case, if it plays out, we're looking at around 3x gain, and can use pretty tight stops at this level. Great RR trade!
The recent low is also a double bottom with the all-time-low price vs BTC since listing on Bitfinex,...
Hello crypto friends! IOTA has seen some positive news today with the integration of Jaguar/Land Rover, which lead to a nice 15% move already.
We're currently inside an Hourly equilibrium in both USD & BTC and could still see some follow-through.
In USD we have a resistance zone of 32-33, which we'd have to clear to be able to move higher. TP would be 34 &...
Looking from here, it seems that IOTA is losing the last important support for another big fall. Black horizontal lines indicate possible purchase points. Below one, the target will be as follows. I would not go into IOTA until a clear sign of reversal, this can last for months. I'm short
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!!!