IOTA has had the classic full cycle pattern in USD terms and extreme capitulation in BTC terms. The IOTABTC chart is telling us much more than the one on the USD chart, and currently seems like accumulation ending with a wyckoff wick & spring, ready to blast above this triple top from the accumulation. IOTA overall is a project I wouldn't trust and I'd put it in...
Just going to hold my trade-long here as long as the parabol supports us and if we rocket on the first one I am going to look the 2nd one for later to buy back.
Is IOTA 140 dollar price target crazy to call ? No , just by reading the chart it's easy what it did at the bottom; a 10 x and it will be more epic when it will be forming the U-form and do back a 10 x. Do you think I am crazy or just realistic view ? I would like to read your comments and to hear from you. Peace
Sell from current and 1.4487, stop 1.5806, target 0.3480
We've reached weekly supply. We only touched this level once in the last 2.5years. I don't expect us to get straight through, it would be much healthier if we're to burn out here, and retrace for a healthy re-accumulation - before we head into a true euphoric run. Long term, chasing 10x from the bottom of the retrace that is hopefully to come. I've sold a nice...
Take a quick look at the daily chart for IOTA/BTC. The price has been in a descending channel since August of 2020 and lost 79% of its value. But since then, the price action has shown a strong bullish reversal taking out the MA50 and is now testing resistance. If we can break out here, I could see the price jumping very quickly. The MACD has cleared the zero-line...
T1 - 50c give or take. Chart is self explanatory. Alt season is moments away from becoming a full blown break out season.
Entry - .29 Exit - 1.08 Stop loss - .24499
The study of Wyckoff Theory, along with market cycles, would suggest IOTA is being heavily accumulated within this range. With a clear demand level of 0.20c and clear supply level of 0.40c. Anything sold above 40c is a win, and anything bought below 20c is a win. Until we've breached the downwards channel resistance, and weekly range high resistance, we can...
BITFINEX:IOTUSD really failed to capture any of the bullish momentum of the last week. It was a definite underperformer among the highest volume cryptocurrencies. This morning triggered a signal that the volatility has slowly decreased into a wedge with a potential bearish breakout setup. Because this was the lagger of the recent momentum I'd say this is one...
Entry - .285 Exit - .385 SL - .265
I don't think #IOTA is done quite yet
I think we are in a zigzag correction
We are probably in the C wave of an ABC correction to the upside.