I'd be going out of IOTABTC if I'd had any. Looks overbought. Double TOP in the making, bearish divergence on 4h chart and clear 5 waves.
IOTA is doing to break up triangle Targets are: 2.21 2.26 2.5
The idea speaks for itself. You have a pretty clear trend of IOTA breaking out from descending triangles. We know the payout can be huge. For this next run I'm putting a target at 31000 satoshi's. My timeframe is based on IOTA never making it to the corner of the right triangle.
tomorrow is FUJITSU conference, I am really confused if we are looking for ending 5th wave as bigger wave 1, or this conference invalidates my actual count if you have better idea by elliot wave rules, share it I am awaiting higher high on daily RSI for confirmation - around 85
descending triangle forming, descending triangle on RSI - 30 min broken and retested now as resistance, descending histogram on macd
VW has a remarkable cooperation with Iota. Bosch too. Bosch and VW are able to make IOTA to a standard in the automotive industry. IOTA broke the 300MA and is on the way to 200MA/100MA (green Circles). All of this could trigger a long upward trend. i'm long. Targets: Fibo 0.382 = 2.32 USD Fibo 0.618 = 3.55 USD Fibo 1 = 5.80 USD Fibo 1.618 = 8.75 USD...
IOTA is overheated Tear off shorts 1.47 to 1.25 usd Term 1-2 day
IOTA had a Death Cross formation on the daily chart. Death Cross is an important bearish signal generated when the 50-day moving average crosses below the 200-day moving average. Stoch RSI is over-bought on the daily chart which also confirms the possible bear run. I expect the price to drop till 1.2148 (fib. 0.618) Here is my trading idea: Short at: 1.31 Take...
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IOTA moving in rising channel now is near support of channel+demand zone RSI oversold waiting for continue rising movement
I would like to offer you my comprehensive view on IOTA: Starting with fundamental analysis: The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Currently it is in Beta, not trading on many exchanges yet...
There was a time when they were useful. the upward trend that followed when we broke through the first triangle after the massive early December price increase. However since then, descending triangles, ascending triangles, all those pretty channels and wedges, they don't tell us shit anymore. Hell, I can't even make much sense of those indicators. Maybe there...