Now that BTC went bullish, a lot of alts will also see some strong upside potential.
IOTA looks kind of interesting, because it made a giant bullflag since the bearmarket started.
Also, it is now resting shortly below the daily MA200 and the logarithmic downtrend resistance.
It now depends on BTC. If BTC continues to rise to 6500, IOTA will break through the...
FOR 16 MONTHS, IOTA IS IN A DOWN TREND IN TRIANGLE PATTERN.
THIS RESISTANCE TREND IS VERY STRONG AND IMPORTANT.
LOOK AT THE MA200 , THIS INDICATOR BULLISH TREND .
IF THE PRICE CROSS UP THE MA200 AND THE TRIANGLE PATTERN WITH VOLUME,
THEN IOTA WILL BE IN HUGE BULLUSH RUN.
6X PROFIT MIGHT COME WITH IOTA.
iota has formed not one, buut TWOOO bullish patterns; inside one another (Bullish ascending triangle)
Low risk/ High Reward;
Don't be the average joe entering trades after at the peak of the trend;;
PATIENCE IS KEEEY;
Gooood luck to all;;
IOTA is looking slightly bullish on the daily timeframe as it is about to break out of the triangle. Not to mention, bulls did an amazing job defending the daily MACD cross right at the zero mark.
On the weekly timeframe, we can see the RSI making a potential inverse head and shoulders pattern. Similar to every inverse head and shoulders pattern, we must wait...
IOTUSD / IOTAUSD
Price is narrowing, the volatility subsides before the storm. The question of which way the blow would be would not have taken a decision in the medium term. There is a chance to pass at least 38-50% Fibo on the chart upwards. You also need to consider that we are in a falling trend and the opportunity to go down below 20 cents is very large....
could be cup and handle with breakout if whole market goes up,
OR it's at resistance line, can drop back to support.
Day-trade setup; posting only for tracking. Don't do this without own ta!
my entry 32 ; sl 32.5 ; tp 31.5 - .31 - .30/29 if dump may occur this weekend.
Long zhe support from .27 for a bounce trade. Be carefull again for capitulation. Lowest...
Midterm forecast:
While the price is above the support 0.2045, beginning of uptrend is expected.
We make sure when the resistance at 0.4015 breaks.
If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the downtrend #1 and it prevented price from more gains.
A trough is...
Prepare to buy IOTA,
I will monitoring this chart and send analysis at this "idea" at same time as I buy this coin.
Make sure you like this idea to get update notification.
IOTA reach support ascending triangle.
I mark previous drawdown with false break down happen at previous touch.
Rightnow, we still wait for same drawdown with maximum target at 0.27687556 or maybe lower than that before we have bullish run.
I will update more quick analysis if we have a perfect buy low (depend on price action)
Make sure you hit "LIKE" to get...
