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:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is below...
Technical analysis:
. IOTA/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.2610 to 0.2045). if so, traders can set orders based on Price...
IOTA is an open source distributed ledger designed to execute transactions between machines connected to the Internet-of-Things. According to its founders: “We envision IOTA to be a public, permission less backbone for the Internet of Things that enable true interoperability between all devices”. Sounds a little scary to me though, could be the start of “Skynet”...
IOTA is one of my favorite coins. Let' start in short.
IOTA has been consolidating in the triangle for some time. There is still not enough volume to push it up.
But upon reaching the point E this volume can increase with demand and I expect we could get some nice positive momentum.
After confirmation of the wave E, it is going to be the right time to pick your...
She calls out to the man on the street
'Sir, can you help me?
It's cold and I've nowhere to sleep,
Is there somewhere you can tell me?'
He walks on, doesn't look back
He pretends he can't hear her
Starts to whistle as he crosses the street
Seems embarrassed to be there
Oh think twice, it's another day for you and me in paradise
Oh think twice, 'cause it's just...
Another nice bullish pennant / wedge forming in BITFINEX:IOTUSD this time i learn from my mistakes and put the stops at reasonable positions. lacking any usefull targets on the upsides i took the fibo as fallback which also matches nicely with the downside target.
As with Ethereum, the price of Iota has followed the same pattern with 3 different occasions :
1. The price increase which was registered on the 15th of December has been announced by the MACD's crossover on the 10th, the RSI's level of 48 registered with one day before and confirmed by the Stochastic with it's "fast" line coming above the "slow" one on the...
![IOTUSD: [ IOTA intra ] bullish pennant or just a wedge?](https://s3.tradingview.com/x/xUlNt5bi_mid.png "[ IOTA intra ] bullish pennant or just a wedge?")
