IOTABTC has probably bottomed out, at least locally. Over the time of 2-3 months it formed a double bottom pattern, which finds support in buy volume depicted by VFI divergence over that time span. So IOTA, even if dependent on BTC price (IOTUSD), has probably ended its downtrend in relation to the rest of the market.
After completion of gartley pattern the priceline of IOTA / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area can be used as stop loss in case a complete candle stick closes below this area
Volume profile of complete pattern is showing less interest of traders...
Priceline of IOTA / US Dollar is forming differing harmonic pattern continuously after forming 2 sharks now it has completed the formation of gartley pattern and entered in potential reversal zone.
I have defined the targets using Fibonacci sequence:
Buy between: 0.2433 to 0.2385
Sell between: 0.2471 to 0.2562
Atif Akbar (moon333)
Priceline of IOTA USD cryptocurrency has formed a bullish BAT and entered in potential reversal zone even giving a spike beyond the PRZ area and touching the lower band of bollinger bands 1st time since after April 2019.
Stochastic entered in oversold 1st time since after Feb 2019.
I am expecting the next candle stick will be closed sideways or within the PRZ area...
Hello crypto friends! IOTA has seen some positive news today with the integration of Jaguar/Land Rover, which lead to a nice 15% move already.
We're currently inside an Hourly equilibrium in both USD & BTC and could still see some follow-through.
In USD we have a resistance zone of 32-33, which we'd have to clear to be able to move higher. TP would be 34 &...
IOTBTC looks like a perfect buy soon. It has formed a falling wedge (red). It can still go lower to the all time lows @ ~0.000043 BTC and form a double bottom. If that happens, especially within the falling wedge it is a no-brainer for me. Watch for incresing volume in the next weeks. The target might be lowered if the upper line of the orange triangle acts as a...