Miota is sitting on the same old accumulation support, PA & RSI just broke-out a falling wedge (rose ones).
I'm expecting a small pull-back to give us a good entry, but you can enter now if you prefer.
This set-up is for short-term, but mid-term could be huge if it manages to close above big wedge resistance (beige one):
Buy Entry= 0.00002202 - 0.00002150
watching price for two potential trades.
1. price is consolidating on strong daily support. Looking for price to break and retest resistance (2270) for a long entry. Stoploss below previous structure will access once placing the trade. Take 50% profit just below demand zone, watch price here to see if volume is picking up and trend looks strong, if so let the...
Here is a simple and quicly analyses for IOTA/BTC witch seems to be broken the short term resistance line after reversion on important support level.
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Here's an IOTA update for you. In my last two posts, I've been tracking IOTA's potential to be used as a bellwether for a potential upcoming alt season. In other altcoins, we're starting to see some strong buying action. HOWEVER, most (if not all) alts are still below previously broken major support levels. You can see this in VET (still below 100 sats), ADA...
This is an update of our analyses on IOTA/BTC, we see the green box as a buying area, now the price just reverted on important support level and is showing us a bullish momentum, our objective is the next important Resistance.
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Upon the collapse of BTCUSD from $8000 all the way down to $3.5k, IOTABTC almost broke its critical daily support at 0.00002100 BTC but managed to bounce back forming a V-shape capitulation bounce on the 1h timeframe. This strong V-shape bounce on the 1h timeframe is bullish in the way that it managed to close the 1D candle above the daily support showing us that...
IOTA / BTC Accumulation channel in increments of 60%.
The price is now at the bottom of the channel, for some time it will move in lateral movement, then most likely to the channel resistance + 60% and then working out the reversal pattern a triple bottom. If this happens, there will be a reversal of the main trend.
Target for local work.
The potential of this...
Potential rebound. Why?
- Closed above support
- MACD crossover
- RSI divergence
- Triangle & desc. wedge pattern
Wouldn't enter a long unless some MA's cross but has potential if:
- Close above 21 day ema
- Volume increases
- RSI closes above 50
Today I looked at the IOTA project!
Looks interesting, holding on to the low low support which we have two options either looking at the next low IOTY or strong support lasts and make big profits!
GOOD LUCK !
At 2H timeframe we see a low risk and high potential entry for IOTABTC position.
There is a channels breakout intersection with a very strong bullish signals according to RSI bands and Stoch Relative strength oversold status. Volatility increases while momentum grows which indicates the beginning of a sharp uptrend.
In case it happens we will have a completed...
IOTA is back from the previous swing low at 2200 sats area and currently forming a bullish descending channel.
IOTA must hold this support zone in the coming few days because if it does,
we will have higher chances of breaking to the upside provided the market also cool-down from uncertainty.