Hello Guys, that's an ultimate Analysis based on Wyckoff method.
Is a new crypto bull run coming?
For those who don't know about Wyckoff: He applied a unique charting technique to estimate the potential effects of a cause. So, he created methods of defining trading targets based on the periods of accumulation and distribution. This allowed him to estimate the...
This is a Price Action Analysis.
As you can see Iota react to the Buy Area (Key Level - Previously Resistance become a Support)
STOP LOSS 12.20
TAKE PROFIT AREA - DAILY FIBO LEVEL 0.38.
Risk Reward Ratio can be 4 times bigger.
Tap a LIKE if you think is a useful idea and comment below!
Please do your own research, and follow your trading plan with a properly...
IOTA USD is today's traded at a price 0.15 USD - in the Europe/London timezone. IOTA USD price forecast for the next period. Price change over the last 24 hours is (-13.81%), which is exactly -0.02 $. Today's trading day the IOTA USD price starts on the level 0.17 $, with the highest price today 0.18 $ and the lowest price reached 0.14 $ level. If we look at the...
. There is a possibility of temporary retracement to suggested support line (0.2255). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. IOTUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
How should the perfect buy opportunity look like, if we talk about a trend reversal?
Here is an example for you that can be used with any timeframe and in any market.
We have a local downtrend, which is a correction of the main uptrend in the higher timeframe.
The price reached the support zone and bounced form it several times. It tells us that the support...
I see two scenarios for IOTA/DOLLAR, we are inside a downtrend channel.
We are close to an important level of support level that can hold the price and retesting the resistance line, and we may be moving sideways or breaking the line in uptrend moviment, and the second scenario is the price test that the support line of this downtrend channel
The market looks interesting for buying in the long run. We have the price reversal confirmed by RSI, MACD, and a reversal candlestick pattern. If Bitcoin keeps the upward movement, this market will be able to reach the important highs at 0.3500 and 0.5500 levels. It makes this buy opportunity very interesting as we have enough space for the upward movement....
Imagine getting the same result with less than half the effort/volume out of one single shitcoin.
Well you don't have to because they made it real.
This idea was brought to you by the IOTA foundation and your favourite boiler boards, possibly, maybe.
Please remain seated and hold on to your bags until the plane has come to a full crash.
(Again, this is satire...
Triangles provide great opportunities when it comes to solid trade setups. Such a setup presented itself in the IOTA market. There are ways to properly trade these setups with correct risk reward levels and without increased stress levels.
I have just recorded a 10 min video on how to do it , so pls check the YT link below the chart for advanced explanations.
IOT has broken above the 1D Channel Up that started the strong uptrend early in January.
Levels to watch:
- The price not only crossed above the Channel Up on the 1D chart but also broke the 0.618 Fibonacci retracement level.
- It is comfortably above both the MA50 and MA200 and in fact a Golden Cross may be due.
- The 0.3150 four month Resistance broke.