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....
. IOTA/DOLLAR 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.
. The RSI is at 70.
. There is a possibility of temporary retracement to suggested support zone (0.2215 to 0.1895). if so, traders can set orders based on Price Action and...
Look. Let's just take a breath and think about it. You've got the money, you've got the guys to do it.
Look at the numbers and tell me that the measly 85% is more attractive than the +1000% with it's 3 big round titts. 3 titts?! If that's not hot than I don't know what is.
Although I can imagine simply dropping the ball will be a lot cheaper and doesn't require...
Target is WAVE C > *A - B = C (100%)
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
IOTA (IOTA) is a distributed ledger for the Internet of Things that uses a directed acyclic graph (DAG) instead of a conventional blockchain.
Rank - 24
Total cap - $505 586 732 USD
Max supply - 2 779 530 283 MIOTA
Buy - 0,17
TP1 - 0,2
TP2 - 0,22
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.