Looks like IOTA is going down in sync with BTC. If it bounces down from the upside of the triangle it could break down further and search for new lows
IOT may break out of the wedge. To minimize risk, buy before the breakout happens. If breakout fails, since we bought low, our risk is minimal. Could see prices double within a few weeks.
There was a time when they were useful. the upward trend that followed when we broke through the first triangle after the massive early December price increase. However since then, descending triangles, ascending triangles, all those pretty channels and wedges, they don't tell us shit anymore. Hell, I can't even make much sense of those indicators. Maybe there...
As the chart shows. The reason IOTA was pumped high was fake news related to MIT. While the use of blockchain for iot is interesting, there's no reason to use specifically IOTA token. It's not a bad coin, but the market isn't looking at it favorably at the moment. Watch out for the next milestone / fake news. Mid-term target is 0.00015BTC.
Some amazing recent news with mixed with some FUD, But the FUD seems to win every time. Lets hope this is a double bottom.
Given overall sentiment, expecting a bullish break
Iota showing a symmetrical wedge, which in this case could be a bullish continuation pattern of previous uptrend. Needs more volume to start breakout, but this could be a nice entry point! Stochastig RSI pointing up.
BINANCE:IOTABTC / BITFINEX:IOTBTC has been consolidating for a month+, and looks ready to begin its next bull run. I See a large Bull Flag on the Daily chart, and it has touched the 50 day moving average. As soon as it breaks the wedge, it could begin moving upwards. Long
All the indicators (net volume and MACD) are converging with the decrease in volume. The pattern is also to meet its end within a few days, which has last for more than one month. However, we don't know the direction of IOT's next move. Anyway, I think IOT will roar because of the macro market bullsh trend. Hold your position, be patient, smart money should...
1. Price is swinging around 0.318 - 0.618 (fibonacci). This suggest a strong buy! 2. A clear resistance level is seen. Breaking this, means a rise. 3. RSI level is for now quite low. I recommend to buy around 0.00035
1. Fibonacci level is between 0.318 en 0.618. Strong BUY 2. A good resistance level is seen. Breaking this level means a rise! 3. RSI level is quite low. I recommend to buy around 0.00035, to confirm the bull.
She burned me once already. Fortunately traded in a wide sideways channel (green dashed line is my entry point). WAITING for IOTA's price action was an opportunity cost. Money could have been hard at work elsewhere in cryptosphere. I think this time it's legit.
IOTA has broken the triangle. Follow it for a minimum 40k target
Indecisive even after the symmetrical triangle... Expecting a move soon. I own Iota.
IOT should be comfortable testing the $5.00 price line (IOTUSD) until a confirmation in either direction confirms. Currently, RSI, MACD, MAs support price decrease, and this is even further supported if the resistance at $5.00 holds up for 1-3 days longer. If we land at ~$5.25, there should be a price increase, and given the On Book Volume there would be a...
Miota has seem a lot of attention recently and that is due to the tangle network being a competitive alternate to the common blockchain protocol. If you are a true believer in decentralized ledger technology and the huge potential it can have in revolutionizing how we exchange value then IOTA is definitely one to keep an eye on.