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.
FOR 16 MONTHS, IOTA IS IN A DOWN TREND IN TRIANGLE PATTERN.
THIS RESISTANCE TREND IS VERY STRONG AND IMPORTANT.
LOOK AT THE MA200 , THIS INDICATOR BULLISH TREND .
IF THE PRICE CROSS UP THE MA200 AND THE TRIANGLE PATTERN WITH VOLUME,
THEN IOTA WILL BE IN HUGE BULLUSH RUN.
6X PROFIT MIGHT COME WITH IOTA.
This chart is being posted a week late but entries should have been placed on the retest down to $0.36 after it broke above the head and shoulders. The first target take profit is at the B point of the bullish bat pattern indicated on the chart which falls around $1.00.
IOTA / USD Short-term price analysis
IOTA has a bullish short-term trading bias, with the cryptocurrency advancing to a fresh 2019 trading high.
The four-hour time frame is showing an inverted head and shoulders pattern has now been triggered, with the IOTA / USD pair continuing its bullish move after testing neckline support.
Technical indicators are rising on...
Market moves within strong up trend structure after last weeks breakout from drawn triangle. RSI is already in correction but market up trend is still intact which is a bullish indicator. MACD baselines looking like bullish crossing of baselines is incoming and baselines stay above zero line/ bearish area, which is bullish indicator.
The up trend is intact as...
Following on from my last idea early today, "A Look at Iota on 2hr candle" we can see that the idea is playing out nicely so far.
We can now also see that a bullish crossover is going to happen at midnight. This should kick off the weekend with a bang for iota.
I expect to see iota...