0.5 fib level showing strong support (three times) while consolidating. New if you bought low hold, if new set stops.
The CORRECTIVE WAVES are showing a combination of DOUBLE THREES and a possible combination of TRIPLE THREES.
IOTA is one of the altcoins I have the most trust in. Right now lot's of people will not believe that it could go up again. Quite normal, everybody was calling XRP a shitcoin last week untill it went up and we all were ripplelovers. I've published another IOTA/BTC chart before. Now I feel that there could be two possible futures for IOTA and I can't decide which...
Iota seems to be stabilizing and we can see a few different directions at this point. If you notice the RSI has leveled out and is not overbought nor oversold but rather stable in the middle. It's safe to say that we will continue steady in the direction of (2). Although there may be a change in direction at the end of the triangle (1) and we could start to see a...
IOTA around 0.00025 BTC critical point. Break below 0.00022 would lead to -50% fall Break above 0.00027 to 50% gain.
A good risk/reward play on 4h. ON the break of the small 3rd resistance line i will inniciate the trade. RIsk: ~0.6 or 500 IOTA for my risk tolerance. Holding time: up to a week.
We are currently at red 7 according to Tom Demark count on the 4H chart. This means we can have up to 8 more hours of bear trend. I expect the price to go upwards after that. Stoch RSI is oversold which confirms my idea. There is a huge support at 3.58 area. If price touches that area it will bounce from there. Resistance areas are: 5.12 and 5.6 Here is my...
Iota's failed 2nd breakout forms a channel with a buying opportunity as support kicked in again at short team 0.236 level. target $5
IOTA/USD is making a symetrical triangle with the confirmation of decrease volume, this is very bullish. stay tuned.
We have successfully reached our target of $4.90 yesterday and BITFINEX:IOTUSD had immediately retraced back to $4.45 level. There's no need to fear, as we're still on a general uptrend. Notice the higher lows indicated by the green arrows on the chart above. I feel like this is a bear trap, so please, play smart and play safe. As of now we're testing the $4.45...
Please reference the chart - strong ascending triangle with steady volume indicates another bull run. Buy and hold in designated green zone.
BITFINEX:IOTUSD Friends, The pattern I look at here is symmetrical_triangle stockcharts.com The Breakout can be either side of the triangle, but as the coin has good fundamental and had the decent correction, I am looking for an upside breakout. MACD's trend is up another good sign. Entry : 1) On the lower of the triangle or 2) Buy now or 3) On the...
IOTA currently broke out from the consolidation inside the triangle with trending volume. Target: $7.00
Using peak as 1.0 and base as announcement price we see strong support the last few days. Price is consolidating since peak forming a pennant. Market is bullish right now. Height of pennant inline with 1.272 level if bullish breakout is confirmed. I'm saying breakout is confirmed if tomorrow's 1 day candlestick closes above 4.70.
pretty sure we are going to see a pump here at the end of this triangle. i think its safe to buy on the last retrace to the bottom.
The amount of novice trader panic buying at the all time high indicates a very strong resistance point at $5.5 as everyone is trapped there. A second resistance point is at $5.15 when we failed to break it on 12/6 and 12/8. A third resistance point is at $4.45 where we have successful passed and broke out on 12/7, but failed to breakout on 12/10. As of now we're...