A group of altcoins has reached rock-bottom twice now and they seem ready for a bull run. Good time to enter a position on coins listed in my Altcoin Index after doing your own research. Always use a stop loss, and good luck in your trading.
It's your boy once again with anohter crypto ta -
Here we are comparing iota/usd
according to my ta iota is facing major resistance line after breaking down from the upside channel -
If we manage to break into the fib channel - I will be opening long postions - in the meantime I'm looking for retest on the 20ma
BINANCE:IOTAUSD is our next coin of discussion. I'm a big fan of their work.
Not only am I a big fan of their work, but I'm also a big fan of their W and 1D charts. Most of my ideas will be with a long-term mindset.
Please remember that these are just my opinions. I'm always open to discussion on the ideas and what I'm talking about.
Something I've seen and also btc pair backs it up. I've seen btc/iota and eth/iota and compared similiar runs and there is a reason to believe a move up is ahead. Then I went to check the dollar chart and saw how we turned resistance logline into a support and confirmed higher high and and the same time we are trading in a perfect cup bottom while holding...
el precio esta cerca de cruzar las medias moviles y creemos que podemos adelantarnos al movimiento
con un riesgo moderado.
entrada: puedes comprar ahora mismo hasta el nivel de 0.254 (varias entradas)
SL sugerido: 0.236
tamaño de la posición 10%
tomar beneficios: al rededor de 0.37
Ok, so I was stopped out of my last IOTA trade, still took some profits along the way at the 10% mark, could have taken 20% but it moved down too fast.
We have another opportunity here, with an even better RR.
Entry zone: 0.22-0.25
TP1: 0.38 (shooting for this target, anything else is a plus.)
SL: below 0.18
Here we see a classic case of Wyckoff Double Bottom Accumulation. I expect IOTA to linger in between 24-27 cents in the coming week(s). When the double bottom confirms it can exit upward.
If a daily closes below purple lines, watch out for death scenarios.
Iota is following a similar pattern to what we saw before the 2017 bull run. See the grey boxes on the chart, the same pattern is also holding the support.
Possible targets are: 80 cents upwards.
I expect it too start a bull run along with the other major alt coins, following a similar pattern to bitcoin’s current bull run.