Iota breakout from falling wedge and since then been trading in flag formation. With the whole setup wave count reaching 5 means we have completed cycle. Now moving up look strong.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
The IOTA/USD hit the resistance level at $0.3237 USD. A break above resistance level for IOTA against the USD signals a potential bull run to set a new support level at $0.3600 USD.
The upper Bollinger band crosses the bullish candle showing an overbought market for the IOTA/USDT pair signaling an upcoming correction on the price in the short term (towards the...
a symmetrical triangle has been forming, apparently broken upwards but without conasiderable volume, having surpassed the 61.8% fibonacci level of the previous downward movement, which may mean the beginning of an upward movement if this is managed to maintain above, the strength (ADX) of the bearish movement has decreased considerably.
(se ha estado formando un ...
Entonnoir : W/D/H4 (swing)
Je viens de rentrer sur la sortie de compression M30 qui a cassé mon niveaux weekly (blanc). Trade un peu risqué dans le sens où l'on a pas encore cloturé en H4 et que la bougie H4 est actuellement en train de buter sur cette borne weekly.
SL à 0.2864 en-dessous de la dernière compression daily (jaune).
Keeping it simple is key. Either wait for confirmation with a bullish engulfing on the 1 hour candle for an entry. Or enter off the support with a tight stop.
4-1 Risk reward - first profit target @ .3194 .
Remember never set a take profit! Only a stop loss . Never limit your gains .
IOTAUSDT has triangulated to form a triangle for 5 months (~ 11 / 2018- current)
- Price has retest resistance area 3-4 times touch. The supply team has a weakening effect, when the last retest of the resistance failed to push prices further down.
- Expect the next retest of resistance ~0.323 will definitely breakout
-> Target purple area ~0.344 ~ 7%
IOTA- Miota forecast
Frame: 1D/ 4H minor uptrend after the news of Apple play and Samsung play accept payment by IOTA
Short time: minor upward but there a corrective, refer zone BUY and SELL
0.285 ~ 0.295
STOP LOSS: under 0.275
IOTA (IOTA) basis Information: