In the daily time, a flag can be seen in the medium-term ascending channel. Meanwhile, the current bullish log has also formed a flag that should probably break this resistance range. The corrective structure is a three-wave that has returned 1.272 waves and now it is highly likely that a new floor should not be built. Therefore, the created floor is valid for the...
In the H4 period, it is moving in a medium-term ascending channel, which is moving in a short-term descending channel with the formation of two lower ceilings. If the red box area does not break, the correction can continue until the specified areas. The current structure is corrective in the lower time frame and this upward corrective movement can be a pullback...
Past Performance of IOTA IOTA prices are relatively solid at press time. Although there were hints of weaknesses on September 25, the recovery earlier today has been nothing short of stellar. The bounce means the coin is in a bullish trajectory following the complete reversal of yesterday's losses. As an illustration, it is up roughly 20 percent from last week's...
Past Performance of IOTA IOTA prices are printing lower lows, dropping two percent in the last 24 hours. Technically, there are hints of strength following gains from June 20. However, the cool-off from last weekend, an indefinite trend, and shrinking trading volumes point to market uncertainty. At spot rates, IOTA remains under pressure in a broader bear...
Past Performance of IOTA There are signals of strength for IOTA in the daily chart. At spot rates, the coin is up eight percent versus the USDT. This is positive for optimistic buyers following the correction on June 1. Further gains reversing losses of mid this week would complete a bullish breakout above the multi-week resistance line marked by the Middle BB. ...
“Play up!“, we want to shout at IOTA because it is high time for the altcoin to show some upwards movement. In the process, IOTA should at least make it above the resistance at $1.0550 to indicate further ascent. Meanwhile, IOTA could also finish wave ii in magenta a bit deeper in the magenta zone between $0.36343 and $0.06007 first, though it has to be careful...
BINANCE:IOTAUSDT IOTA definitely good project for long term, but just be careful now with any long positions cuz we can see squeeze down to test fundamental price around 0.62$ The good signs is we don't touch the bottom on RSI so we are still in neutral zone, and don't see the volume on chart from sellers Also on daily RSI we can see pump and extremely...
Technical Analysis Summary IOTA /USDT TREND ANALYSIS We have 3 Downtrend in red color (LONG TERM AND 2 INTERNAL ) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY...
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!
Below the red line can be considered as the stop loss zone. Above the green zone can be considered as entry level. The depth of the head has not been exceeded yet We can think of it as Double Head and Shoulders. We can also assume the appearance of a descending wedge that includes them all. If the formation does not mislead us, you can set the TP targets for...
With the current RSI level and in a weekly view we can get an idea of the next possible IOTA levels for all this year 2021. --- What is your position? Do you see IOTA hitting $ 1.50 or will we return to lower levels due to overbought? Thanks!
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.2255). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . IOTUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Technical analysis: . IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2215 to 0.1895). if so, traders can set orders based on Price Action and...
Technical analysis: . IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2215 to 0.1895). if so, traders can set orders based on Price Action and...
The 6 hour time frame is investigated in today’s Iota price analysis. Switching from an arithmetic scale to a logarithmic scale helps to make chart patterns clearer, which is also the case for IOTA. Over 12 months of price action is captured in this analysis using a bearish price channel. The main bearish channel (upper green line and blue dotted line) even...
IOTA was aggressively rejected off the 2.0330 Resistance on 1D but has now found an equally strong support at 1.6999. 4H suggests that it will trade sideways for a few candles (neutral RSI = 46.406, ADX = 33.708, Ultimate Oscillator = 49.275) but the underlying trend on 1D indicates a continued downtrend from here (MACD = -0.027, ADX = 35.273). Our TP = 1.5169 and 1.3417.