. IOTA/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
. There is a possibility of temporary retracement to suggested support zone (0.2610 to 0.2045). if so, traders can set orders based on Price Action...
IOTA is one of my favorite coins. Let' start in short.
IOTA has been consolidating in the triangle for some time. There is still not enough volume to push it up.
But upon reaching the point E this volume can increase with demand and I expect we could get some nice positive momentum.
After confirmation of the wave E, it is going to be the right time to pick your...
Buy after Breakout Succesfully if Breakout Fail then don't trade in IOTA.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Iota appears to be in both a descending triangle as well as a channel. Iota may find support around .22 cents but I would not be surprised to see Iota test .18 - .20 cents.
Please be aware this is not advice. I'm simply sharing my learning experience to better improve myself.
Hi guys, this is my first IoT trade idea. I would be looking to make a long position as the price has broken above the descending triangle formed in early May 18' and looks as if it is currently re-testing this trend-line. The previous market high was $5.8 - the current price is 94% lower than that at $0.504. This presents a rather lucrative trade.
After a long fall, which lasted almost 9 months, in my opinion, this coin has completed the correction. I urge that at the price of 0.4 the last correction wave C was completed, which in its length and duration is similar to the wave A.
Almost 2 months the price is consolidated in the range of 0.5-0.6 $. A triangle formed, which in my opinion should shake up. In...
Hey, So we've being hovering around $2.00 mark in the last couple of weeks. Seems to be bouncing off the $2 resistance line. with a bit of news from Mobi, it finally broke the $2.20 and bounced straight off the $2.34. Hopefully with a bit more news, it'll break my $2.55.
Alternatively, if we don't surpass the $2.34. We'll bounce off the $2.20 and try the $2.34...
IOTA had a huge spike in the last 2 weeks, however not even close to the ATH in January! Right now it was blasting in that blue line, but it found a lot of resistance in the upper white line, which in my opinion will be a very critic point, which we will have to pass to reach that ATH! Right know it found some support around that grey line between the two...
IOTA had a Death Cross formation on the daily chart. Death Cross is an important bearish signal generated when the 50-day moving average crosses below the 200-day moving average.
Stoch RSI is over-bought on the daily chart which also confirms the possible bear run.
I expect the price to drop till 1.2148 (fib. 0.618)
Here is my trading idea:
Short at: 1.31
BITFINEX:IOTUSD has been doing really great recently, there is quite much of activity around this project and I will mention some of the upcoming events below. BINANCE:IOTAUSD has been in downtrend for a long time, but nothing unexpected since BITFINEX:BTCUSD has been going down.
I watched the run IOTA made from 1 $ till 5,5 $, so let's see how things will develop...