IOTUSD 15min
Hey guys, the current downleg on smaller timeframes might be the last one within the corrective structure. Once price has hit the potential buy zone, I will look for logical signs that the corrective structure has come to an end.
If price will break out earlier, I will wait for further confirmation before buying.
Once confirmed, price might head...
In the past days iota has seen a very large run-up in price, now this tremendous growth often has to come with a bit of sustained correction comma it is unlikely that we will see I hope I drop to previous loads such as under the $2 Mark as the market is currently way ahead of that. We can expect to see the price fluctuate way between $5.50 resistance and the $4...
IOTA is very bullish and is forming a continuation pattern against BTC. Watch for a dip down from the MAX TP to the classical fibo support (I think it won't get that far, maybe the 0.5 fibo) and then look for further upside to MAX TP2 at $4.86.
This is the opposite pattern we are seeing with Dash and Monero.
Take some time to familiarize with my trading...
IOTA seems unstoppable at this point, careening through the $1 and $2 handle, smashing through psychological and technical levels of resistance from above. It cut through the $3 handle with ease, and it is hard to fight the urge to chase this altcoin. Any dip should be seen as ripe for entry at this point, though one should consider taking some profits from this...
IOTA is in bullish formation - ascending triangle. If breaks above line with one full hour candle then:
- buy with stop loss at horizontal line (about 1.49)
- target 2.20
Always buy low sell high. This principle is easier said than practised. Lured by profits and easy money, many retail investors got sucked in to chase the price, hoping to ride the next train to their instant wealth. After hearing who and who became millionaires or multi-millionaires, they can't let this dream ride to go without their participation.
Little do...
IOTA has made incredible strides by more than doubling in value since the end of November. Currently it is facing some resistance at all-time highs, which correspond with the Fibonacci Fan at the 0.382 level. Further momentum is anticipated although we must see retracement and consolidation at some point.
Check out the Kovach Indicators here !
IOTUSD 4H
As shown on the chart we have two strong areas of interest. The first one is the current price level, which is the weekly support (1.10-1.03) and the second one being the point of intersection of the daily support area and the ascending trendline (0.92-0.88).
The plan is to observe price action at the given levels and once we have a confirmation,...
IOTUSD perform bullish pennant, if this pattern break up and success break bullish confirmation line at 1.54737,
we have target at 2.12657
But if this pattern break down, prepare to buy at support at 0.77251
Good luck
