I take on IOTA is that it's in a descending triangle. There have been several rebounds, yet the last one didn't even touch the resistance. Today, IOTA is seeing a small jump. In my opinion, this is a technical rebound (see indicators) from oversold conditions.
I think it's likely that IOTA will break down the support to test the original trendlines before...
IOTA gave a green 2 on the 1H chart on Tom Demark count. This is a clear buy signal.
This rise happened because of Robert Bosch Venture Capital news:
www.huffingtonpost.com
First resistance: 4.9
Second resistance: 5.5
I expect the first resistance will be broken easily.
If we reach 5.5 area we will get a new all time high because double tops near all time...
The resistance line line is forming together with the uptrend line a Symmetrical Triangle. Watch closely for the price action near the resistance line. When broken, then the first target is around 7.2 $. (at 1,618 fib retracement).
IOTA recently jumped up on news-that-may-not-have-been-real-news. That doesn't mean, however, that it's about to die. There is some strong resistance it's bumping up against right now, (black line) but what fascinates me is the support. If it continues to fall in a descending channel(green support line), I believe we'll see a price jump at some point in the...
Look at the chart and see if you like this setup.
This is IOTA vs BTC on the 4h Chart.
- Already confirmed a breakout, another close above the "green dotted line" and IOTA can enter some very bullish momentum.
- The MACD is about to crossover.
- Strong 4h green candle according to TD and Candle stick analysis.
- The globalists (Microsoft included) behind MIOTA...
My idea at 1,40 was 97% accurate. I still trust this coin, and don't think that storm is over as it's still keeping 0.382 fib support. After SBTC fork, I expect a big move from BTC to IOTA market, Watch for the breakout of the uppoer resistance line to make sure this is a strong uptrend.
Not a financial advice, an idea only.
Cheers :)
Yeah, there was a huge spike in price, but this chart looks very pretty. Bullish setup, MACD has yet to cross, not overbought, within volatility channel, perfect fib 50% retracement. What's not to like?
I am long term long, and medium term long on this coin.
NOTE: I am NOT a professional analyst of any kind.
IOTA has experienced an exponential growth over the last 72 hours based on news regarding a partnership with Microsoft. As BTC is gaining ground, RSI shows overbought market conditions. Exited the market and placed a Buy Limit at 0.0003 BTC - above 50% Fib retracement levels. On the upside a break above 0.00041 BTC could lead to an extension to 0.00051 BTC levels.
Looking to see if IOTA has found support ~$1. If so, we may see it bounce around in an ascending channel for a bit. Will be looking to see if this support line is real or not, then will be watching for a breakout. It looks like we've had some accumulation and after big news yesterday-- and a little profit taking today-- we might be poised for a rise.
Previous wave has completed and appears to have finished its correction. The first wave needs to breakout through the previous resistance from way back when at around 1.10. Wave 5 has the potential to end the mid $2s.
According to the signal RSI - the price is in the oversold zone - this is a signal to sell. According to candlestick analysis, I noticed three consecutive "hung" - this is a signal to sell. The volume of trading is also decreasing.
In recent days, the price has grown well and I think that today there will be a correction.
for sale 0.77
target 0.69 and possibly...
pattern double bottom - the figure of the trend reversal. The volume also grew. But with the purchase it is worth the wait, since the stochastic RSI shows some kind of overbought. You can buy from 0.43, stop-loss at the level of 0.407.
