The price came out of the area of the dynamic resistance line, which is 4 years old, which may mean a new trend - up. Chart show's the key points and profit zone. Profit is huge -1450%. Enough to make you rich. It's worth a try.
Chart shows the possibility of the falling wedge pattern and the targets.
If the long term pattern is true then amazing 1110% is the target.
I'm now looking for the 4th wave to complete on HTF support, which will then lead us into a very violent and explosive 5th wave. Look at Oct 2017 > December 2017 as an example. The times/dates of price forecast are only for illustration purposes. I believe this will be the 'minimum' target to chase within this Bull Market Cycle. I'm long. Average re-entry of 0.65c.
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 head and shoulders pattern, we must wait...
Sell 0.00275 and 0.0028 Control 0.00285 Stop 0.00292
Technical analysis: . IOTA/ETHEREUM is in range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.0018 to 0.0015). if so, traders can set orders based on...
Technical analysis: . IOTA/ETHEREUM is in range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.0018 to 0.0015). if so, traders can set orders based on...
The waves are perfectly hitting the fibs. Never seen a trade setup more clearly.
IOTA has seen a lot of activity in the last week priming it for a bull run. This bull run will also coincide with the likely news of additions to multiple exchanges(Binance all but confirmed, Bittrex/Shapeshift hopeful). If this news isn't released near bull call, it could take a couple more days and in that time period I expect more consolidation. Dumps result in...