IOTA has pulled back from highs along with the other cryptos. It has pushed the upper bound of the Kovach Reversals Indicator, but eventually faced resistance and has since pulled back, finding support at the Fibonacci Fan level of 0.75. If you like the Kovach Indicators, try them out for free !
IOTA performing in ascending channel target 2.5 / 3
IOTA has proven to be the strongest contender in Altcoin space as it blasts past highs, and leaving NEO and XRP in the dust. Currently, it's facing resistance at the Fibonacci Fan level, so some retracement is likely. Elliott Wave analysis shows we're likely completing Wave 3 of the impulse of a 5-3 Wave. this is the longest and strongest, so we could see more...
At least not now. I feel lucky that i went short 2 days ago on this one. "IOTA holding back all their important news and will release it in december" .... supposedly... "moon" "i´ve red those statements in forums, chats... Even during the live event they pointed out that "something" might or might not happen.. i think they just want to hype a little bit and spread...
IOTUSD next it seems that the correction is over, and it is 50%. and now a new wave, well, we buy and see how it goes before 1.6
Looks like IOTA could be forming a large pennant.
Added some support and resistance lines. Added the downward en upward trend lines.
Buy moments are when it breaks the little triangle. Or at the green support line of the triangle.
IOTUSD is likely to retrace to 0.618 area. Then decision: down inside the kumo forming a bear trend, or higher maybe new ATH. Watch closely
There are going to published some great news on IOTA project in future days on 16 nov and on 20 nov. So keep an eye on it. Any way project is great by itself. What do you think will it break the resistance line over there on the top ?
Bull momentum in exaustion in 1h - 4h chart. possible corretion wirh target on 0.5 fib level coinciding with Kijun Sen.
IOTUSD - broke triangle. But volume is too small yet for good rise. I expect rise, but bottom possible too.