The coin is trading in a channel between prices 1.19754815 - 1.55112650. It is assumed that the resistance area will contain the price and the coin will move towards the channel support. The general trend towards the downward correction in cryptocurrencies generally supports this idea.
Have a nice trade!
Your Solldy.
- IOTA got a breakout of this huge triangle
- technical target is the September High
- still need a succesfull retest on the higher timeframes
- probably huge move incoming
Hello boyz and girlz,
If this pattern is confirmed we will see another bullish move by the end of the year.
ATH between December 15 - December 31, 2021.
Price target will be between 10-20 USD.
Why?
The previous two waves have an monthly cycle of 8 from points 0-2-4 at the lower limit and 1-3 at the upper limit. Point 5 could be Dezember 2021 at the upper...
Long IOTAUSDT
I entered this long IOTAUSDT as i broke the resistance of 1.39. IOTA has been consolidating in this zone since Sept 19.
Entry trigger 1.43
1st target 1.72 zone
2nd target 1.98 zone
Invalidation day close below 1.27
IOTA has announced today the introduction of the Staking and SHIMMER network.
It means that KSM and DOT will have a strong rival coming from Japan.
I placed possible targets on $2 for the short term, then $3 and $4 depending on the development of their roadmap and achievements.
Many people think that projects automatically will reach the previous ath because BTC,...
I hope IOTA will break to the upside.
If it works, there would be a good chance to see 2 USD in not so much time.
But it won´t go strait to the upside, there will be a bunch of retests.
Greetings and good luck!
#IOTAUSD
$IOTA is trading inside a triangle in weekly time frame, if price break down from support zone then the long erm ascending support will hold it.
and if price success to break out from resistance zone and upper line of triangle, target can be around $2.6.
also there is a cup and handle pattern in monthly time frame that can lead price to touch $4.
IOTA looks like its been in a massive inverted head and shoulders pattern since 2018. a daily close above $2.80 would push price up to $5.
jump on the rocketship
MIOTA is still far behind $BTC or $ETH performance.
When the chart turns @ around 1.2 - 1.1 we can go long till upper flag site and go for the breakout...
