Exchange : Binance
Buy Zone: 0.000035~0.000032
Target Point: 0.0000384/ 0.0000414/ 0.0000439/ 0.0000476/ 0.0000495/ 0.0000537
Term: Middle - Long
It`s making Big Cup Handle of Cup
There isn`t Hard Resistance Line over Cup Handle`s Neck Line
It`ll make Cup Handle when The Volume is almost down
IOTABTC forms potential Bearish Crab Pattern, which is typical by extreme calculations of point D. IOTA increase value 1 or 2 weeks without bigger retracement. RSI on 4H chart is still bullish on value 55points. This trade is great opportunity for set short possitions on bitfinex, or buy longs in 618 and 786 zones. Targets, Stop Losses, PRZ in chart :)) This is...
Iota potential breakout of the falling pennant, 6:1 RR opportunity
200% gains to be had against BTC.
See ETHBTC, potential rocket fuel from ETH Charts showing bullishness.
Trade carefully if BTC starts pumping.
Advised leverage 3x
IOTA has completed an inverse head and shoulders pattern on its daily chart and is on its way upward. Bullish daily MACD and RSI, I'll be looking around the .00004-42 level as my target. Price is finding some resistance, so we may have a minor pullback before moving higher.
Miota printed yesterday a new 88-day high after forming a beautifully clear W bottom. Breakout volume was 3x the average. Even though the price picture is very clear, the trade proposition isn't that great.
For instance, there are a lot of better risk-reward ratios being offered by other alts and daily momentum has been slowing down consistently.
Will keep an...
IOTABTC has probably bottomed out, at least locally. Over the time of 2-3 months it formed a double bottom pattern, which finds support in buy volume depicted by VFI divergence over that time span. So IOTA, even if dependent on BTC price (IOTUSD), has probably ended its downtrend in relation to the rest of the market.
update on $IOTA,
Continuation happening as volume flows in again,
Currently about to hit ~3200 sats again(10% up since our re entry)
next target at ~3400sats
UCTS Buy signals across the board, our SL was never hit.