Below the red line can be considered as the stop loss zone.
Above the green zone can be considered as entry level.
The depth of the head has not been exceeded yet
We can think of it as Double Head and Shoulders. We can also assume the appearance of a descending wedge that includes them all.
If the formation does not mislead us, you can set the TP targets for...
I'm surprised because when the breakout happens at the end of the triangle usually it goes down. However BB are stretching at daily (not shown) and the chart pattern is clearly bullish. VLPR shows in the last 15 days support price has been clearly below current price which is good.
At this point as soon as buy volume surges we'll see a proper pump.
The similarities between the current events and those from the end of 2020 are remarkable.
In both cases, a new all-time high was reached shortly before and the IOTA price corrected strongly.
As a result, the altcoin's price went through a prolonged sideways movement (an accumulation phase).
Volume increased significantly in both breakout moves.
The chart show us that correction ABC wave 2 is over and then continues to make impulsive wave 3 which is the longest wave. But if the chart going down to bellow 1.2047 that mean the wave 2 still continues. use 1.2045 level as stop loss.
IOTA is showing good VSA where demand predominance is becoming evident from a 1.2958 preliminary I opened on 10/21. We're using this chart to track the swing.
*Professional Wyckoff VSA crypto swing trader. I regularly seek out the most lucrative swings on all major crypto exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no...
Our lovely triangle, wolves🔥
One more interesting formation for today's trading day
There is an Ascending Triangle on IOTA crypto pair.
The price had a confident bearish sentiment before this consolidation.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
So follow the chart and look for the breakout...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
IOTA is overall bullish so we will be looking for buy setups on lower timeframes.
on H4: IOTA is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
IOTA has just successfully conquered the $1.3 zone and is moving to the $1.5 and $2 zones. If it loses the $1.3 zone then we will wait to buy back at the $1.15, $1.05 and $0.95 zones.
♻️Condition : If 1-Day closes ABOVE 1.3$ zone
🔴Buy : 1.3
🔴Sell : 1.5 - 2
♻️Condition : If 1-Day closes BELOW 1.3$ zone
🔵Sell : 1.3
🔵Buy : 1.15 - 1.05 -...
IOTA analysis for those interested:
On the daily frame..
IOTA formed a wedge pattern and it was hacked and it achieved 100% ascent..
The target for this wedge is $2.66. You haven't reached this target yet.
Now this currency returned to form a new stake.. and it bounced from 50 RSI
If the deal is successful, the closest target will be 54% profit..
The second goal...