IOTA got above high volume resistance... but has it enough power for the big triangle breakout?
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
8,050,467.5 mill shorts and climbing but their short interest is not moving the price. IOTA left exchanges and due to staking is not coming back! Users wanting to close their shorts will have to pay a very very high price! Staking is not even over. It may reach as high as 75%. I would not tell people to go short or long but I will tell people that going short is...
Can IOTA get above high volume resistance to prepare a breakout?
The tasks to do are simple and clear for IOTA - what do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Currently in a long-term uptrend.
Until green - STRONG - support is not broken (no weekly close below the trendline) we can potentially see a possible breakout to the upside, above the red resistance. Do not buy a spot before the confirmation of current red resistance.
Hi there.
Price is forming a continuation pattern on lower time frame.
Wait for the price to complete the pattern and watch strong price action for buy.
Top of the Mornin' !
I still think IOTA's top for this year would be around $4,65 - Fib and trendlines show that area as a target - it would mean a retest of 2017-2018 top - so far I can't see signs of it going higher than that... Fundamentals are strong though - judge the target based on volatility!
Cheers!
After completing the predicted 5-step formation, we are now all set to continue the correction and approach the green area. Here, the next low point should be established and with it the foundation for new increases. After the low, we expect the price tp surge past $2. A premature increase is only given a probability of 28%.
Push, push!
IOTA is ready to take off in a few weeks.. with Shimmer airdrop and all other development's being added to IOTA eco system or network.. My conservative target is (618) $13 but it can go higher based on the Fib..
IOTAUSD is tending downward from its resistance zone. One more approach of the price to the resistance is not excluded before the coin continues to fall. In this case, a head and shoulders pattern may form, which will support sales for this cryptocurrency.
Have a nice trade!
Your Solldy.
IOTA is ready to take off in a few weeks.. with Shimmer airdrop and all other development's being added to IOTA eco system or network.. My conservative target is (618) $13 but it can go higher based on the Fib..
