If we look at the 1H chart, we'll see a double bottom chart pattern. It belongs to a reversal group of chart patterns. If the market bounces from the uptrend line and 0.80000 support level, we'll have to wait for a price breakout above the local swing high. It will be a confirmation of the double bottom pattern and further upward movement. Pending orders for buy...
IOTA set off on a trend line first of August and so far it has been following it without any deviations, even in today's dump. Seems like 1.6 could be reached in first half of September.
After Iota hit my hard resistance line and tanked, I looked at its long-trend history and noticed a pattern--each peak has been generally followed by a steep decline and then a rise to a new high. Within the coming week or even days I expect another uptrend here. However, the disappointing news about Bitfinex and the movement towards mainstream adaptation of...
A little speculation here, but since Iota hit my hard resistance and tanked, it's looking more and more like this has been a reoccurring theme throughout its short exchange life. Check out the peaks followed by a steep fall then reaching new highs. This is telling me that in a matter of days Iota should be on its way back up the ladder. However, the news about...
As IOTA reached its highest historical price there is high probability to see price reversal. SMMA 8 crossed SMMA 24 and want cross SMMA 48. I see two options: 1) If price will break strong support level and then break uptrend line it can fall down into 0.5 - 0.618 fib zone or even lower where it'll reach next strong support zone near 0.786 2) Another case can be...
IOTA / BITCOIN Pattern zone 38.20-50% fibonacci's lvls
IOTA broke the downtrend with the first motive wave to around .30. After some consolidation in the form of a triangle, wave 3 was initiated. This wave is in the 11th extension right now. You can see this because every subwave looks almost the same, and the angle of the entire wave 3 stays in the same degrees. Possible upcoming moves: The recent spike to .75s...
IOTA looks bullish for the upcoming days
Seems like IOTA has a high correlation to BTCUSD. I think because, fundamentally, it's a Bitcoin competitor from a thousand miles away. Looking at the charts, we're nearing a supply zone. When you look to the left side, profit taking happened. Be careful when the price reaches that zone as profit taking could definitely happen. I suggest waiting for the price to...
On a slight pullback within the forming bullish triangle pattern, it's a perfect time for a long entry. Since whe are in no mans land price wize and thus already broke previous resistance, I used fib extensions to determine profit taking targets.
Wow! IOTBTC has been ultra bullish for days. There were short periods of selling but it didn't really drive the prices down. This can be attributed to a lack of price manipulation and also IOTA's fundamentals. It's the future of blockchain technology. So, nobody's selling, right? Would you sell if you know that this is the future of all blockchain? NO! Hence, the...
Yesterday, the market was indecisive. We just need a confirmation from today's price movement if it's up or down. If up, the last resistance would be 0.000188 before IOTA goes down. If down, there are two possibilities, it could go to reversal point 1 or go back to the base of the channel and pullback up again. The uptrend slope for the current rally is kinda...
A rising wedge is formed when price consolidates between upward sloping support and resistance lines. In my opionion that what we have here. Also we have IOTA with a huge potential in the future. Find your entry and enjoy the ride! Follow me for Updates on IOTA!
In this Marketsituation it would be not an surprise if we see a new all time high for iota or at least a test in that range in dont want to be greedy - the risk reward ration is great at that moment :) no advice just an opinion ;)