Take a quick look at the daily chart for IOTA/BTC. The price has been in a descending channel since August of 2020 and lost 79% of its value. But since then, the price action has shown a strong bullish reversal taking out the MA50 and is now testing resistance. If we can break out here, I could see the price jumping very quickly. The MACD has cleared the zero-line...
IOTABTC - Long - Potential 18.77% Entry- 1206 TP1- 1283 TP2- 1430 SL- 1123 - Key Notes - High Risk at the moment - Raise S/L at TP1 - RR - 2.78 - Trailing Buy - 0.5% - Trailing Profit - 1% - Trailing Stop-Loss - no
The price is accompanied by a divergence in the bottom of the descending channel as well as the bottom of the triangle it forms. Soon the price will rise To the ceiling of the process and then we see its failure
IOTABTC - Long - Potential 16.49% Entry- 1120 TP1- 1184 TP2- 1313 SL- 1034 - BTC - Volatile as ever. Manage trade. - RR - 2.04 - Trailing Buy - 0.5% - Trailing Profit - 1% - Trailing Stop-Loss - No
Long IOTA/ BTC 1. The beginning of the decline in the level of BTC dominance. 2. Weakening of the growth dynamics of BTC/ USD near ATH. 3. General consolidation of altcoins after a downtrend (to BTC ). 4. Inflow and redistribution of new money in the market. 5. Shaping support in the zone of consolidation. Take level 0,00001999. The risk stop level is fixed at...
Accumulation: Wyckoff Events PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by...
This looks like a good buy level on IOTA. The yellow highlighted Fractal.
Buy - 0,0000157 S/L - 0,0000139 TP1 - 0,0000167 TP2 - 0,0000189 TP3 - 0,0000200 TP4 - 0,0000210
Time for a change in a trend direction. RSI on daily seriously oversold - first signs of bullish divergence already in place. LONG