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...
Investors are unsure about IOTA right now. If the immediate support line at ,000302020 breaks, the price will further drop. Next stop is the uptrend line which forms to a certain degree a big flag including the big surge. ADX shows a bearish sign at 1h t chart as red has just crossed green and is about to cross the signal line. As long as the signal line does not...
Elliot wave seems to fit very well given current IOTA pattern. If it keeps following the Elliot wave impulse A good first target would be around $7 .
In IOTA, 3 important resistances seem to come together in one area highlighted with the circle. I believe, that if it breaks that resistance, it can go bullish again. Be careful though.. it has already seen explosive movement upwards.
Assuming BTC don't crash IOTA can push above past ATH . The ABC correction is finish, we may only need sometime for a consolidation.
Stop-Loss : 3$ Take-Profit1: 4$ Take-Profit2: 5.50$ Take-Profit3: 10$ // Long term
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