Bottom seems to be in for IOTA. Treating this as a swing trade! If we continue to keep going up with decreasing volume, it'll make me believe that the bottom is still not in after my target is reached.
Waiting for IOTA to break this descending triangle and at the same time waiting for it to bounce off the .618 & .65 region.
Hopefully, we'll see that 3rd wave up as well.
For those who trade on Bitfinex, IOTUSD looks not bad with a possible pop up to ~$0.40, take a look. Buying around $0.27 - $0.26 with a stop below $0.24 (aggressive) or $0.22 (more conservative), keep your risk small, guys.
How long will iota be thus cheap?
Enabling the true Internet-of-Things through the Machine Economy.
The number of connected devices that will be in use is estimated to reach 75 billion by 2025. From tiny sensors on roads and bridges to wearable electronics, mobile phones, and more, every day the world is becoming more and more interconnected. The amount of data...
After the push upward iota now levels at the 200 MA building a nice funnel right at the ma level. (H3)
Looks like a nice chance for a low risk, high potential trade. Based on the overall action i would guess up, but could be both.
BITFINEX:IOTUSD
I believe IOTA might have another swing low before a massive bullrun. If this move can break 0.29, this is only another corrective move. If this is the case i can expect massive support 0.235
As long as it is above the 0,250 level, it is expected to target the 0,323--0,375 level.
As long as the 0.275 level cannot be exceeded, it may be expected to target 0,210-0,160.
