I see some bullish divergence at macd on IOTA's daily chart also it broke daily inclined resistance from descending triangle. It is a good chance to go long for IOT/USD.
PS: If we break small channel which is around 1.12 , real rally will start then we will see 1.90 soon.
Have a nice day,
Updated idea for iota pair. The border of the pattern has expanded, and there is convergence. We are also on the border of the local microtrend. From here you can go on an aggressive strategy, a conservative trigger will break the boundaries of the flag
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Look for long term opportunities in IOTA. Last week was bullish and we are trading a bullish break out pattern in the daily chart. I project IOTA buys at around $1.5 and $1.55. Targets at $3 is reasonable
Hello Everyone! Subscribers asked me to do a token analysis of IOTA/USD. And so we have a bullish trend which is not surprising in our case. We have a good signal on short. We are probably either in the 5th wave of growth or in the b wave of correction. But it doesn't make any difference as the place for short is good. It is ...
After trading at parity with the USD, IOTA found itself back to the top 10 high liquid coins in the world. That also means volumes and with meaningful developments over the past few days and addition of Merali, the IoT facilitator could rise.
Buy IOTA with targets at $1.45, $2.2 in the next couple of days with stops at $1.
Fibo Price Target 1:10 Risk:Reward
Updated for clearer picture.
Point & Figure a great charting technique to understand the sentiment.
Basic trendlines also apply.
Increasing O's indicate increasing buyer power and areas of supply.
(Think of it as tug-of-war between X s and O s.)
Target +7,5$ in first wave.
SL on chart.
IOTUSD has already broke triangle pattern, and now it's moving upwards to maximum historical price. Volume increment supports bullish tendency.
TakeProfit 1: 4.87977 (half the height of the triangle)
TakeProfit 2: 5.53997 (height of the triangle)
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