well guys, i saw lot of news about Iota , with xrp and xlm. i think this coin is needed in my portfolio, will be needed in the future. banks will use it and people will use it.
every time when the coin is in theirs bottom, at 0.30-0.40$ , after that it has a big pump. firt y me happened in 2017 from 0.30$ to 6$> then in 2020 from 0.40$ to 2.5$>
now is at 0.40$ i...
IOTA/USD Cycle Analysi s
✨I've divided the periods on Iota into 8 parts.
It's clearer with the colours.
We seem to be experiencing a repeat of the same.
✨The first downtrend on Iota lasts 812 days.
The peak we're seeing now is 910 days past the peak.
1> bottom 🎈
3> TOP
6> Basis Line
7> Purple Curve
8>Last section 🧨
🎃 In the first place, I now expect...
IOTUSD is trading sideways as it fluctuates between support and resistance levels. Setting buy-stop and sell-stop orders at second levels of resistance and support respectively.
IOTA weekly chart analysis dear Crypto Nation😎
FIB 78.6% plays a big role for IOTAs price action
💠End of recovery in April 2021
💠Possible bottom after recent downmove
Very important🚨🚨
The POCs of the downmove from ATH and during the recovery were the same at $0.29
Look where price is now👀‼️
bullish scenario🐂🟢
price breaks POC & later trendline resistance at...
Clearly there are some chart and harmonic patterns. The recent harmonic pattern is finished and the down trend line is also broken. The only thing missing is some good news and/or buy volume to rush in. Let's see what happens.
Currently enjoying a nice pop!
But where does an old asset like #IOTA go this cycle
IOTA may be doing well just getting above a $1
Some older coins I'm actually bullish on like
#LTC and #XRP as I believe these two will be included in some of crypto index devised by wall st
But coins out of that top 20/30 may that have been around since 2017 may languish
Too...
IOTAUSD got rejected on the 1day MA100 today.
This made the latest Lower High inside the 10 month Falling Wedge, which keeps the trend bearish.
Sell now and target 0.13500 (Support A).
The 1day RSI got rejected on its own Falling Resistance.
Follow us, like the idea and leave a comment below!!
After a monocratic, fascist and dictatorial decision to create 65% more Iotas, the cryptocurrency that is in no way different from traditional Fiat currencies continues its predicted path of decline to the point of no longer being worth anything.
They are playing a game of betting now and you can join in the game and lose.
8 years of development on the project...
The pair has been observed developing a Bearish Rectangle continuation pattern. There is no divergence of RSI with the price action as per the trend. The entry, stop loss, and profit levels are marked. Let's hope for the Profits!
The currency has started a bearish rally. According to RSI, the indicator values are respecting the price, and therefore the downtrend will continue. It is expected to touch the marked low-profit levels.
Higher highs and higher lows remains of interest.
A price action above 0.1905 supports a bullish trend direction.
Further bullish confirmation for a break above 0.2030. One can increase exposure here.
The target price is set at 0.2165, or the 78.6% Fibonacci retracement level.
The stop-loss is set at 0.1800.
Remains below its 200-day and is regarded as a risky trade.
IOTA with ticker IOTUSD made an impulsive recovery into first leg (A)/(1) at the beginning of 2023 after we spotted a completed 5th wave at the end of 2023.
It made a deeper decline recently, but it can be also trading in final stages of wave C of a higher degree A-B-C corrective drop within wave (B)/(2). However, to confirm support in place and further rally for...
