The similarities between the current events and those from the end of 2020 are remarkable.
In both cases, a new all-time high was reached shortly before and the IOTA price corrected strongly.
As a result, the altcoin's price went through a prolonged sideways movement (an accumulation phase).
Volume increased significantly in both breakout moves.
Top of the mornin'!
This one is simple and straight-forward.
IOTA forming a rising wedge, missing 5th wave reserved for the last pump of this bull run - my target is at 4,2~5,4. I will start DCAing out at these levels.
Look at the high volume the last two days...
I am getting the feeling that IOTAUSDT (MIOTA) is getting ready to move up strong.
We also have a long wick candle yesterday that bounced at EMA300 and closed above EMA100, MA200 and EMA10 all at once.
These are strong bullish signals.
This altcoin pair can easily grow.
Remember, you need a plan before you...
Currently we have a volume breakout for MIOTA (IOTABTC) and prices moving above EMA50.
We have the potential here for a strong bullish wave to develop.
For me, this is an easy call.
This is not financial advice.
Additional details on the chart.
The Wyckoff Accumulation theory can be seen in action for IOTA, with the price range having just entered into phase C marking the point of maximum opportunity. Here I break down both the key phases and price levels, and how IOTABTC is so far following this to a tee. Should this play out according to Mr Wyckoff, a potential 400-500% increase should be about to...
IOTA is ready to take off in a few weeks.. with Shimmer airdrop and all other development's being added to IOTA eco system or network.. My conservative target is (618) $13 but it can go higher based on the Fib..
MOITA (IOTABTC) is giving out an air of recovery but somehow I am not fully convinced.
We see prices moving above EMA10 and the recent MACD bullish cross but when we look closer, we have a lower low compared to the recent July and August support.
We also have a descending channel rather than a falling wedge.
It will surely recover, we are bullish long-term but...
IOTA has just successfully conquered the $1.3 zone and is moving to the $1.5 and $2 zones. If it loses the $1.3 zone then we will wait to buy back at the $1.15, $1.05 and $0.95 zones.
♻️Condition : If 1-Day closes ABOVE 1.3$ zone
🔴Buy : 1.3
🔴Sell : 1.5 - 2
♻️Condition : If 1-Day closes BELOW 1.3$ zone
🔵Sell : 1.3
🔵Buy : 1.15 - 1.05 -...
IOTA is testing the 1.15$ zone and if it doesn't lose this zone it will bounce back to 1.3$ zone to conquer this zone before moving up to 1.5$ and 1.8$ zones in this October. But if it loses this 1.15$ zone, it will come back to 1$ zone or even lower
♻️Condition : If 1-Day closes ABOVE 1.15$ zone
🔴Buy : 1.15
🔴Sell : 1.3 - 1.5 - 1.8
IOTA is on the rise again and in the next few days it could surge to the 1.8 and 2.5$ zones. But if it loses 1.4$ zone then it will fall back to 1.2$ or even 0.9$ zone
🔴Buy : 1.47-1.53$
🔴Buy : 1.37-1.43$. SL if B
🔴Buy : 1.76-1.84$ if A. SL if B
🔴Sell : 1.76-1.84$. SL if A
🔴Sell : 2.44-2.56$. SL if A
🔵Sell : 1.37-1.43$ if B. SL if A
My Minimalist Analysis
CONGRATULATIONS! PARTIAL EXIT GUYS! BEEN A LONG WAY UP SINCE ENTRY. LOL!
Indicated are key levels of support and resistance using small and large range boxes TO ENTER A SWING TRADE (Short - Long).
Watch out for patterns, EMA, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing...
The buying pressure at $1.1 has helped IOTA break out of the accumulation around this zone for the past few days and it is ready to move up to the $1.4, $1.6 and $1.9 zone in September. But if it loses the $1.1 zone, it will fall to the area of 0.9$
🔴Buy : 1.07-1.13$. SL if B
🔴Sell : 1.37-1.43$. SL if A
🔴Sell : 1.56-1.64$. SL if A
As you se we're witnessing the next impulse break up to wave 5 (the longest)
In my chart I took the theter usdt pair, which is lacking behind but giving a nice 4,89 dollar target.
What do you think of this analysis, it's conservative but maths don't lie compared to the ABCD.
Like and share your thoughts.