This is an alternate count to my previous idea - linked below. Extted this that because: W3 of 3 started out strong and if my idea was correct, it would have picked up strength. It reversed hard very early after modest gains, and failed to make a HH of W1. Stoch is crossed bearish, RSI turned down, and MACD turned down. I felt best to cut this trade as it appears...
Iota has been consolidating for two months in a sideways range. It recently saw HH for first time in 3 mo! Price just solidly tested new support zone, which had confluence with .618 retracement and .5 extension. believe this is w3 of 3 and will extend to 2.68, which has strong confluence with the recent top. Stoch is turning up, RSI is strong at 60 and turning...
$IOTA Weekly descending trendline breaking..Daily showing big volume spikes, crossing EMA100.. UCTS showing buy signal on the 1D MACD & RSI looking good EMA50/100 acting as support If EMA100 holds then we can expect price to reach EMA200/upper trendline of the chart #IOTA
Range bound and trading sideways in the last couple of months. Price bounced from the daily support level at 7490, and broke out of the long term downtrend line resistance but couldn't find enough steam to move above the 200 day MA where we got rejected last week. However, the bulls were able to prevent price from falling further after a retest of the daily...
IOTABTC update Entonnoir : W/D/H4 (swing) IOTA vient enfin de sortir de son range daily (jaune) et de casser les ~8000 aka le dernier sommet weekly (entouré blanc), enclenchant ainsi un biais haussier. C'est arrivé quand je dormais donc je vais attendre la prochaine sortie de compression M30 pour me placer à l'achat. ————— Funnel : W/D/H4 (swing) IOTA...
long idea based on daily retrace. stop is daily close under the stoploss level.
IOTABTC short intraday/swing trade setup based on downtrend continuation and price action testing resistance.
Tapped EQ of recent low OB. Cooked to test range high. 22K SAT final destination at cycle high. Beautiful mid-term opportunity.
On the daily timeframe of IOTABTC, it seems that the instrument is starting the C wave in a corrective ABC zigzag, as there was an AO indicator cross above the zero line. If the price breaks the latest daily fractal, it would massively increase the chances of this forecast.
IOTA is looking weak again and we are losing our momentum... Stay safe for now guys!
Iota/Btc will come back to life. Like most coins its in the middle of a reversal pattern in the form of an inverse head and shoulders. The green dashed lines are targets for the future. How long it will take to get there is anyones guess. Right around not its not a bad time to buy for the long term (btc/sats wise). Like always dont jump into things and protect ur mula.
Quick chart to plot a long scalp that might turn to runner. IOTABTC has been following this fib sequence pretty closely. There are a lot of fudnamental reasons for this coin to rise. The 2.618-.764 band is of interest, a common retrace target. Want to see a disctinct bounce at the 2.618 then retest of 2.764. If conditions are right, the 4.236-.382 band will be...