As I closed BITTREX:DOGEBTC I was looking for new setup and found that BINANCE:IOTAUSD might be the pick.
Always do your own research before putting your own money as this is not financial advice but technical analysis to help you decide.
So DYOR ( Do Your Own Research )
Check Link in related ideas how previous setup worked out :)
If you have any questions ...
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.
Iota is also one of the crypto currencies which has the price in the "middle" and like the rest, it's price has dropped starting with the 13th of November being influenced by the massive decrease of the market capitalization and since then it has started a sideways movement.
At this stage, it is traded below the Pivot Level (average price) for 1 week and as long ...
Today, Id like to mention IOTA (IOT). Recently, A new partnership has been announced by the IOTA Foundation with RIDDLE&CODE, a blockchain-based hardware and software company. This collaboration is set to facilitate transactions on IOTA Tangle, of which will be autonomous machine-to-machine. In simple words, 5 years from now, in new intelligent factories, the ...
Lets be honest with our selves, Iota is reliant on btc's movement. Maybe BCH's fork on thursday will trigger BTC to make a move. This is how I see, IMO where iota is going. I'm Staying Netural on this one
After 3 consecutive days of growth, in which the price has been increased with 9%, the latter failed to break the Resistance Level of 0.5229$, meaning that another "peak" has been created.
Excepting the MACD, which is indicating a possible continuation of the price increase, the rest of the technical indicators are showing the opposite scenario as it follows ...
The crypto-market has shows signs of recovery, as the daily trading volume of large digital asset trading platforms has increased last days.
Considering the higher demand and what seems to be a reversal, I think that it is a good moment to buy IOTA and to keep it till the price goes to 0.6USD, where it is an important resistance zone.
After the market went through a hard period, it seems that we are assisting to a slight "come back", with Iota being one of the coins which are leading the recovery process.
The Stochastic's crossover on the 31st of October and the RSI's "oversold" position indicated these 3 consecutive days of growth but even if we had a price increase of 8.14%, the trend cannot ...