Trending analysis about iota forecast
Do you thing that we are going to break the resistance,or we will have another break down??
Don’t forget the market is depending on BTC prices as always,so do not confused if IOTA community,publish any news and we witness a price jump.
Comment below what do you thing.🙏🙏
Thank you
Hello traders,
Here is a simple and quicly analyses for IOTA/BTC witch seems to be broken the short term resistance line after reversion on important support level.
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On December 3rd 2019 I posted an article and on that post I revealed that the priceline of Iota had formed a big bullish butterfly pattern on weekly char. At that time the price action was just entered in the potential reversal zone of that pattern. And as per Fibonacci sequence of bullish butterfly it was expected that the priceline will take the bullish...
Priceline of IOTA / US Dollar cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2025 to 0.1713
Sell between: 0.2267 to 0.2853
Regards,
Atif Akbar (moon333)
The triangle and firm support:
Since sep 2018 the 20th ranked leading cryptocurrency is moving within a descending triangle , during this period the price action is hitting second time on the support of triangle and also at the lower bands of Bollinger bands .
One of the main reason that the priceline is not able to breakdown the support sofar is that the volume...
Hello trader,
This is an update of our analyses on IOTA/BTC, we see the green box as a buying area, now the price just reverted on important support level and is showing us a bullish momentum, our objective is the next important Resistance.
Please, push like button and follow us on tradingview.
How should the perfect buy opportunity look like, if we talk about a trend reversal?
Here is an example for you that can be used with any timeframe and in any market.
We have a local downtrend, which is a correction of the main uptrend in the higher timeframe.
The price reached the support zone and bounced form it several times. It tells us that the support...
IOT has broken above the 1D Channel Up that started the strong uptrend early in January.
Levels to watch:
- The price not only crossed above the Channel Up on the 1D chart but also broke the 0.618 Fibonacci retracement level.
- It is comfortably above both the MA50 and MA200 and in fact a Golden Cross may be due.
- The 0.3150 four month Resistance broke.
-...
The price reached another resistance line, and it is SMA200. The price action in this zone will be important for further market movement.
As the market made a good upward movement, a reversal, and a correction after that will be logical. We will be able to get new buy opportunities after the correction, where the best will be based on a reversal from the uptrend...
