We have an upward trend with a descending resistance line and an ascending support line forming a symmetrical triangle pattern.
We can expect a breakout as it gets closer to the apex. Wait for confirmation of the breakout!!
IOTA is trending and is a solid technological revolution. It was recently plagues by a lot of FUD (Fear Uncertainty & Doubt) articles...
Totally Long, beautiful point to parachute oneself beyond the stars.
I entered in a long position at 0.00668 but in december the 13, seven days ago.
Happy & Fierce Trading !
Happy x-Mas / Happy New Year //
IOTETH here could pop. I've done fairly well sitting in ETH and trading Cardano (ADABTC)
- 5-day base offers a risk management stop.
- News out this morning that Bosch will or already has made "significant" purchase of IOTA coins.
- Still early morning, volume just barely started to come in, could run for the day.
Took profits on Ripple, moved 50%...
Simple triangle pattern and p/l for long position for short term (1H). After selling on above (for taking profits thus entering short position) set stop above the upperline of the triangle (about 0.0088 - 0.0090) just in case IOTA succesfully break from consolidation.
If there's no breakout continue to short IOTA for Ethereum then re-enter on 0.0075 - 0.0077.
Simple support/resistance and trend lines for IOTA. If Bitcoin rallies from futures, I'd expect IOTA to break the resistance levels defined. IOTA seems to trend with Bitcoin (many others have suggested this as well).
I will be increasing my position on the support line and keeping a close eye.
This is my first chart ever published. I'm just doing this for fun. I have no idea what is going to happen.
...and with that said I believe we see the continued down-trend breaking completely through the ~$4 support and heading to re-test ~$3 support. Hopefully, we see a nice bounce and reversal there. I will be paying attention around 12:00PM EST.
IOTA been on incredible run. Looking for a quick day trade here. on the IOTA/eth pair. Im doing it on finance with a stop under .0037 like the look on this on the daily chart but also intraday nice flag developing.
IOTA is quickly becoming my favorite Crypto. The tech just seem too solid.
With IOTA beeing added to new exhanges soon (Binance, Bittrex), I think we're ready to see some heavy bullish movement.