Hey guys, IOTA, just like brothers ETH and NEO, built a Head & Shoulders reversal, confirming with the break of the neckline at $1.06
It's looking pretty 'old' compared to grandpa Bitcoin, who is surging due to fundamentals of a potential ETF coming up in August. We've broken both 4H EMAs 12 & 26 to the downside, while BTC hasn't even touched 12 EMA yet.
Hey guys, IOTA, similar to brothers BCH & EOS, is trying for a trend reversal on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at the important 1 Dollar. We have 4H 12 EMA as support, while 26 acts as resistance. => A bullish break could signal some uptrend potential.
=> But: Any break of that neckline has to see...
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As opposed to her fellow brothers EOS & BCH, IOTA hasn't broken her neckline yet, which shows relative weakness right now. But beware - once we get above that area, it could break out with big gains to the 1,35-1,40 area. Support is established on the downside now at around...
Iota is in a good buy set up. MACD and RSI rising on daily to a positive bullish territory.
It all depends on if we can hold our trend line which holds from November 2017 on a linear scale. (the 1 year long support on logarithmic scale was broken a day ago, but let's watch now the linear scale since it seems that IOTA follows more this type of scale since last...
If we hold MA200, a further upward trend can be expected.
This results in an opportunity to buy or a re-entry for swingtrader.
Maybe wait a few hours and see the situation and then get in.
Let's see what happens. Happy trading. :-)
IOTA had a massive move up due to the recent new.
Like they say buy the rumour and sell the news
IOTA is doing ABC zigzag now. Wave A is almost finished, expecting a bounce soon to complete wave B and then a final 5 waves down to finish off C leg.
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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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...
VW has a remarkable cooperation with Iota. Bosch too. Bosch and VW are able to make IOTA to a standard in the automotive industry. IOTA broke the 300MA and is on the way to 200MA/100MA (green Circles). All of this could trigger a long upward trend. i'm long.
Fibo 0.382 = 2.32 USD
Fibo 0.618 = 3.55 USD
Fibo 1 = 5.80 USD
Fibo 1.618 = 8.75 USD...